In the past week, the number of unemployment golds in the United States has increased, suppressing the US dollar to a low of 103.293 at more than two weeks, and this week has fallen by more than 0.4%.Even though the Fed's meeting may suspend interest rate hikes next week, traders are weighing the possibility of raising interest rates again.
The International Monetary Fund (IMF) urges the global central banks, including the Federal Reserve, to adhere to the current policy path and remain vigilant in anti -inflation.However, the Economic Cooperation and Development Organization (OECD) stated that because the impact of the central bank's interest rate hike has appeared, it has weakened the boosting role of inflation, and global economic growth will only rise moderately next year.OECD also raised its outlook in 2023. It is estimated that global economic materials will increase by 2.7%this year.
[Australia and Canada central banks ring the alarm clock]
On June 6, the Australian Federal Reserve unexpectedly raised 25 basis points. The official overnight loan interest rate was adjusted to 4.1%of the 11 -year high. Chairman Lowe warned that the inflation rate may continue to tighten the policy due to the high inflation rate.The eagle policy statement promoted the Australian dollar (0.6743, 0.0004, 0.06%) to rose to the US dollar to a new high of nearly 0.6723.
On June 7th, the Bank of Canada followed the Fed of Australia, and also unexpectedly raised interest rates of 25 basis points. The demolition interest rate increased to the highest level in 22 years by 4.75%.The Bank of Canada said that the interest rate hike reflected that the decision -making level was worried that the restrictions of monetary policy were not enough, which was not enough to restore supply and demand to balance.The US dollar against Canada (1.3347, 0.0006, 0.04%) fell more than 1.3320 for more than a month.
OANDA senior market analysts said: "The Bank of Canada is considered a leader in the initiative of monetary policy, and the Bank of Canada hinted that it may further raise interest rates, which allows everyone to re -think whether the Federal Reserve can complete the interest rate hike cycle after the interest rate hike in July."" "
A spokesman for the International Monetary Fund said on June 8 that the momentum of inflation in the United States has slowed down, but it is still an urgent issue.At the routine briefing meeting, she told reporters: "If the facts prove that inflation is more lasting than expected, the Fed may need to push high interest rates for a longer period of time."
[Employment data may be short -term pound (1.2575, 0.0000, 0.00%)]]
The pound rose more than 0.8%against the US dollar, and it was a new high since May 11th, a new high of 1.2567, and the weekly line.The recently announced British economic data is quite mixed, and the main point will be employment and salary data released next Tuesday (June 13).
Economists in the Netherlands International Group believe that employment data may be short for the pound, and wage growth may continue to slow down, causing the currency market to have at least 100 basis interest rate hikes in the British Central Bank.
However, the market generally believes that in the absence of signs of inflation, the Bank of England is far from the focus of interest rate hikes.Observing the further operation of the Bank of England Governor Bailey will be very important, because investors want to know how they will fulfill the promise of British Prime Minister Sunak, which will be halved by the end of the year.
