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Dollar steadies as boost from Fed rate rise expectation fades

Thursday, January 6, 2022
Dollar steadies as boost from Fed rate rise expectation fades © Reuters. FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El Ghany

By Saikat Chatterjee

LONDON (Reuters) -The U.S. dollar took a breather in its climb towards a 14-month high on Thursday, after riding the tailwind of minutes from the Federal Reserve's December policy meeting which bolstered expectations of a U.S. rate hike as early as March.

The meeting minutes showed officials had discussed shrinking the Fed's overall asset holdings as well as raising interest rates sooner than expected to fight inflation.

Money markets are now pricing nearly an 80% probability of a U.S. interest rate rise by March and more than 80 basis points of cumulative rate increases in 2022, a huge shift in expectations as only three months ago investors were not expecting the first U.S. rate hike until the summer of 2023.

Elsa Lignos, head of FX strategy at RBC Capital Markets said that while rate hike expectations for 2022 have propped up the dollar, the possibility of more rate hikes for 2023 could provide further strength to the currency.

"The consensus narrative seems to be the Fed will ‘overtighten’ in 2022 and be forced into slowing down materially in 2023", she wrote in a note.

"We think it’s a repricing higher for 2023 which has the most potential to boost USD this year – and we are watching this as a key driver for the dollar", she added.

At 1220 GMT, the dollar index which measures the greenback against major peers was unchanged on the day at 96.17 after creeping up closer to a 14-month high of 96.93.

The greenback nevertheless made substantial gains against some rivals like the Australian dollar which at one point lost more than 1%.

The Aussie gradually recouped some losses, stabilising down 0.70% at $0.717. The yen also limited its losses from a high of 116.18 per dollar to 115.84, down 0.23%.

Sterling traded down 0.13% at $1.3538, having retreated overnight from the $1.3599 level - its highest in nearly two months - following the Fed minutes.

The euro stood broadly unchanged, slightly above the $1.13 mark as it continued to consolidate in the middle of the trading range in which it has sat since mid-November.

Cryptocurrencies were among the hardest hit in the overnight market selloff with Bitcoin nursing losses below the $43,000 levels after falling more than 5% overnight.

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24-01-2022 06:44:13 (UTC+7)

EUR/USD

1.1312

-0.0029 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/USD

1.1312

-0.0029 (-0.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

GBP/USD

1.3497

-0.0057 (-0.42%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (3)

USD/JPY

113.75

+0.07 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

AUD/USD

0.7132

-0.0050 (-0.70%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (6)

USD/CAD

1.2612

+0.0031 (+0.24%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (8)

EUR/JPY

128.68

-0.23 (-0.18%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

EUR/CHF

1.0318

-0.0014 (-0.14%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

Gold Futures

1,838.85

+7.05 (+0.38%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (9)

Sell (0)

Silver Futures

24.082

-0.238 (-0.98%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

Sell (3)

Copper Futures

4.4420

-0.0820 (-1.81%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

85.03

-0.11 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Brent Oil Futures

87.01

-0.07 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Natural Gas Futures

3.788

+0.006 (+0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

US Coffee C Futures

233.68

-4.22 (-1.77%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Euro Stoxx 50

4,140.25

-89.31 (-2.11%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (4)

S&P 500

4,397.93

-84.80 (-1.89%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

15,312.92

-290.96 (-1.86%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

FTSE 100

7,404.69

-89.44 (-1.19%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (3)

Hang Seng

24,656.46

-309.09 (-1.24%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

US Small Cap 2000

1,987.92

-36.12 (-1.78%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

IBEX 35

8,530.20

-164.50 (-1.89%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (3)

BASF SE NA O.N.

65.200

-0.980 (-1.48%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

51.13

-0.49 (-0.95%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (1)

Allianz SE VNA O.N.

219.57

-2.13 (-0.96%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Adidas AG

245.30

-5.30 (-2.11%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.750

-0.159 (-2.30%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (11)

Sell (0)

Siemens AG Class N

140.84

-3.68 (-2.55%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (8)

Deutsche Bank AG

11.074

-0.404 (-3.52%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

 EUR/USD1.1312↑ Sell
 GBP/USD1.3497Sell
 USD/JPY113.75↑ Buy
 AUD/USD0.7132↑ Sell
 USD/CAD1.2612Neutral
 EUR/JPY128.68↑ Buy
 EUR/CHF1.0318Buy
 Gold1,838.85Neutral
 Silver24.082Neutral
 Copper4.4420↑ Buy
 Crude Oil WTI85.03↑ Buy
 Brent Oil87.01↑ Buy
 Natural Gas3.788↑ Buy
 US Coffee C233.68Neutral
 Euro Stoxx 504,140.25Neutral
 S&P 5004,397.93↑ Sell
 DAX15,312.92Neutral
 FTSE 1007,404.69Buy
 Hang Seng24,656.46↑ Buy
 Small Cap 20001,987.92Buy
 IBEX 358,530.20Neutral
 BASF65.200↑ Buy
 Bayer51.13Buy
 Allianz219.57↑ Buy
 Adidas245.30↑ Buy
 Lufthansa6.750↑ Buy
 Siemens AG140.84↑ Sell
 Deutsche Bank AG11.074Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,170/ 6,210
(50/ 50) # 1,154
SJC HCM6,150/ 6,210
(27/ 17) # 1,155
SJC Hanoi6,150/ 6,212
(27/ 17) # 1,157
SJC Danang6,150/ 6,212
(27/ 17) # 1,157
SJC Nhatrang6,150/ 6,212
(27/ 17) # 1,157
SJC Cantho6,150/ 6,212
(27/ 17) # 1,157
Cập nhật 24-01-2022 06:44:16
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ↀ Giá vàng thế giới
$1,839.40+4.760.26%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$84.84-0.06-0.07%
Brent$86.92+0.971.11%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.500,0022.810,00
EUR25.000,4426.401,93
GBP29.901,5831.178,49
JPY193,25204,57
KRW16,4019,98
Cập nhật lúc 18:37:48 24/01/2022
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