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DXY: The US dollar faces the risk of being sold off?Investors sold the dollar late last week at the fastest pace in a year, hoping for lower interest rates next year after the Federal Reserve ends its policy rate cut. significantly raise interest rates. State Street, one of the world's largest asset managers, said the asset manager was prepared to sell 1.6% of its dollar positions this month, the largest monthly outflow since last November. The company said. In particular, investors have enjoyed "significant" selling every day since the release of the US employment report on November 3rd. "The developments over the past two weeks suggest that demand for the dollar is undergoing a rapid reassessment," said Michael Metcalfe, head of macro strategy at State Street. He added that the recent sell-off in the dollar signals an end to the "extraordinary dollar glut." ``Investors are thinking, ``If interest rates are really cut, there is no need to hold so many dollars,'' the expert said. Experts predict that the sell-off by asset managers may be just the beginning of a long-term trend among investors to reduce their exposure to US assets, with the US dollar weakening in November. This was the worst monthly performance of the year. According to the Financial Times, a weaker U.S. dollar is beneficial for emerging countries because it helps them repay dollar-denominated loans and potentially draws investors back to developing countries. This comes after a huge sale of foreign currency-denominated bonds this year.
TVC:DXYShort
by Chart_MasterPro
USDJPY: Comments on USDJPY on November 14Yomiru: Japan plans to reduce taxes for businesses that increase wages A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%. The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation. If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.
Long
by Chart_MasterPro
USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady. As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite. The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
Long
by TrategySherpa
EURUSD: Euro slides after inflation data from Germany and SpainOnly a few days after the European Central Bank completed its longest interest rate bull run in 25 years last week by maintaining the key policy rate at 4%, the euro slipped 0.1% to 1.0554 as data indicated that inflation in the euro zone was declining. Germany's most populated state, North Rhine Westphalia, saw a 3.1% year-over-year increase in consumer prices in October, down from a 4.2% increase the previous month, according to data released early on Monday. In addition, the Spanish CPI increased by 3.5% annually, less than the 3.8% predicted, and by 0.3% in October, less than the 0.6% predicted.
Short
by TrategySherpa