Trading trend when USD increases
Minneapolis Fed President Neel Kashkari said on September 26 that there is a 40% chance that the Fed will need to raise interest rates further to completely address inflation.
Data released on July 26 showed that sales of new single-family homes in the United States fell more than expected in August, but the annual pace of US home price growth continued to increase for a second month. consecutive months in July. Meanwhile, US consumer confidence also decreased for the second consecutive month in September, amid concerns about rising prices.
In the opposite direction, the Euro decreased 0.23%, down to 1.0567 USD, the lowest level since March 16.
Meanwhile, the Japanese yen fell amid a sharp rise in the greenback, sparking speculation that Japanese officials would intervene in the currency.
Finance Minister Shunichi Suzuki said on September 26 that the government is closely monitoring all fluctuations related to the currency market, after the yen hit an 11-month low of 149.19. The yen bounced shortly after Suzuki's comments, but then weakened back to 149.08.
The British pound fell 0.45% to 1.2158 USD, the lowest level since March 17.
Data released on July 26 showed that sales of new single-family homes in the United States fell more than expected in August, but the annual pace of US home price growth continued to increase for a second month. consecutive months in July. Meanwhile, US consumer confidence also decreased for the second consecutive month in September, amid concerns about rising prices.
In the opposite direction, the Euro decreased 0.23%, down to 1.0567 USD, the lowest level since March 16.
Meanwhile, the Japanese yen fell amid a sharp rise in the greenback, sparking speculation that Japanese officials would intervene in the currency.
Finance Minister Shunichi Suzuki said on September 26 that the government is closely monitoring all fluctuations related to the currency market, after the yen hit an 11-month low of 149.19. The yen bounced shortly after Suzuki's comments, but then weakened back to 149.08.
The British pound fell 0.45% to 1.2158 USD, the lowest level since March 17.
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