European session review: USD weakens, weighed down by dovish Fed minutes
08.04.2021, 11:34

European session review: USD weakens, weighed down by dovish Fed minutes

TimeCountryEventPeriodPrevious valueForecastActual
07:00Switzerland Foreign Currency ReservesMarch914.21 930.486
08:30United KingdomPMI ConstructionMarch53.354.661.7
09:00EurozoneProducer Price Index, MoM February1.7%0.6%0.5%
09:00EurozoneProducer Price Index (YoY)February0.4%1.4%1.5%
11:30EurozoneECB Monetary Policy Meeting Accounts    


USD weakened against most of its major counterparts in the European session on Thursday, as yields on longer-term U.S. Treasuries slipped as investors continued to digest the dovish Fed minutes, which were released on Wednesday.

Benchmark 10-year Treasury yields fell by 3 basis points to 1.647% early Thursday, reaching their two-week lows, after the minutes from the Federal Reserve's March policy meeting showed that the Fed officials remained cautious about the risks of the pandemic and committed to keeping the current accommodative monetary policy until economic recovery is more secure. 

“Participants agreed that the economy remained far from the Committee's longer-run goals and that the path ahead remained highly uncertain, with the pandemic continuing to pose considerable risks to the outlook,” the FOMC minutes from the March 16-17 meeting said. "All members agreed to maintain the target range for the federal funds rate at 0 to 1/4 percent, and they expected that it would be appropriate to maintain this target range until labor market conditions had reached levels consistent with the Committee's assessments of maximum employment and inflation had risen to 2 percent and was on track to moderately exceed 2 percent for some time. In addition, members agreed that it would be appropriate for the Federal Reserve to continue to increase its holdings of Treasury securities by at least $80 billion per month and agency mortgage-backed securities by at least $40 billion per month until substantial further progress had been made toward the Committee's maximum-employment and price-stability goals."

It should be noted, however, that several policymakers suggested that interest rates might need to increase sooner than anticipated, but market participants ignored this message. 

Investors are now awaiting the speech of the Fed's Chair Jerome Powell, who is to participate in a virtual IMF's conference on the global economy today at 16:00 GMT.

© 2000-2021. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финансовых рынках с маржинальными финансовыми инструментами открывает широкие возможности, и позволяет инвесторам, готовым пойти на риск, получать высокую прибыль, но при этом несет в себе потенциально высокий уровень риска получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik