Thursday, September 21, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Avalanche Network

Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

by ethozedge
May 7, 2022
in Avalanche Network
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty […]

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday.

Greenback Climbs Higher Amid Economic Uncertainty

Before the U.S. central bank’s rate hike, the U.S. dollar tapped a two-year high and a 20-year high against the Japanese yen last week. Economic concerns are tied to the ongoing and strict Covid-19 lockdowns in China and the Ukraine-Russia war. Reports note that Beijing may plan to mass-test 20 million people for Covid-19 and the Chinese capital could get locked down.

Moreover, Refinitiv data indicates the market is predicting a 90% chance the Fed will implement a 75 bps hike in June. A majority of financial institutions and market participants correctly predicted Wednesday’s 50 bps increase. Futures markets are forecasting that the chance of a 75 bps hike taking place in June is around 75%.

Statistics show the U.S. dollar index (DXY) reached a 20-year high against a basket of international fiat currencies this past week. Besides the 20-year high against the yen, sterling saw the deepest impact against the greenback. Kit Juckes, a currency strategist at Societe Generale SA, says the U.S. dollar has a knock-on impact.

“The dollar’s rally is like an uphill avalanche,” Juckes said on May 4. “Just as an avalanche picks up snow, rocks, trees and anything else in its path as it slides down a mountain, the dollar’s rally has the knock-on impact of causing more currencies to weaken. A broad-based move, though, tightens global monetary conditions, and so downside economic risks grow.”

Strong Labor Market and Nonfarm Payrolls Report Could Change Fed’s Decision

Investors think the recently published Nonfarm Payrolls (NFP) report numbers could affect the Fed’s next rate hike decision. ”A strong payrolls report could perversely push the market to price in more tightening as the Fed reduced its optionality at its most recent meeting,” analysts at TD Securities said in a statement on Friday. The TD Securities analysts added:

That leaves a resilient USD vs EUR and yen very much the path of least resistance. A softer wages print should help to temporarily take the edge off but this will be short-lived until evidence of a peak/moderation in CPI emerges.

The combination of a strong dollar and the recently published NFP numbers, could make the predicted 75 bps rate increase become a reality. Although it’s still uncertain, analysts at ANZ Bank believe this could be the case. “Whilst the Fed is not currently considering a 75 bps rate increase, that guidance is based on expectations that the trend increase in monthly Nonfarm payrolls will slow and core inflation is stabilising. But there are no guarantees at all that that will be the case.” The ANZ Bank researchers concluded:

Demand for labour in the U.S. remains very strong and core services inflation is rising steadily. The April non-farm payroll and employment reports — [will] carry a lot of significance.

What do you think about the strong dollar and the chance the Fed will increase the benchmark interest rate by 75 bps? Let us know what you think about this subject in the comments section below.





Source link

Tags: 5Weekbitcoin newsbpscrypto analysiscrypto newsDollarEthoz EdgeFEDHighHikeJuneLatest bitcoin newslatest crypto newsMarketsPostsPriceRateStrong
Share76Tweet47

Related Posts

Unreal Engine’s Tool Integrates LUKSO Before Solana, Bitcoin

by ethozedge
September 19, 2023
0

Unreal Engine, a development framework for deploying interactive 2D and 3D content by Epic Games, has integrated LUKSO’s mainnet and...

$ENTER Goes Live September 18

by ethozedge
September 18, 2023
0

enterNFT, the company behind one of the first NFT marketplaces on BNB Chain, is proud to announce that the first...

Avalanche and Bitcoin Spark Two Rising Stars in the Crypto Market

by ethozedge
September 16, 2023
0

Avalanche (AVAX) is making significant strides in the cryptocurrency world, poised to secure a spot among the top 20 cryptocurrencies....

Cardano (ADA) Movement Determined by Only One Line: Details

by ethozedge
September 16, 2023
0

Cardano's price trajectory seems to be dancing to the tune of a single trendline. Formed at the tail end of...

BNB Chain Taps Optimism Tech for Its opBNB Layer-2 Mainnet

by ethozedge
September 14, 2023
0

BNB Chain introduces a new addition to its ecosystem. BNB Chain has announced the successful rollout of its Layer-2 scaling...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

XRP Beats Out Solana And Dogecoin To Dominate US Crypto Exchanges

September 21, 2023

ASTR pares gains after major exchange listing

September 21, 2023

Prince Philip of Serbia Leads the Way for Bitcoin Nation State Adoption with Jan3 and Aqua Wallet in El Salvador

September 21, 2023

What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

September 21, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$26,649.00-1.96%
  • ethereumEthereum(ETH)$1,589.40-2.70%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$210.90-2.39%
  • rippleXRP(XRP)$0.51-1.89%
  • usd-coinUSD Coin(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$1,588.36-2.52%
  • cardanoCardano(ADA)$0.248161-2.57%
  • dogecoinDogecoin(DOGE)$0.061547-1.62%
  • ToncoinToncoin(TON)$2.37-2.66%
  • solanaSolana(SOL)$19.67-3.45%
  • tronTRON(TRX)$0.083278-1.84%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.03-2.52%
  • matic-networkPolygon(MATIC)$0.53-3.58%
  • litecoinLitecoin(LTC)$64.53-0.96%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,621.00-2.00%
  • shiba-inuShiba Inu(SHIB)$0.000007-1.81%
  • bitcoin-cashBitcoin Cash(BCH)$207.16-4.97%
  • daiDai(DAI)$1.000.01%
  • chainlinkChainlink(LINK)$6.74-3.05%
  • leo-tokenLEO Token(LEO)$3.820.34%
  • true-usdTrueUSD(TUSD)$1.000.02%
  • uniswapUniswap(UNI)$4.24-3.32%
  • stellarStellar(XLM)$0.113817-3.35%
  • avalanche-2Avalanche(AVAX)$8.88-2.22%
  • moneroMonero(XMR)$146.92-0.38%
  • okbOKB(OKB)$42.98-1.06%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBinance USD(BUSD)$1.000.05%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.24-2.33%
  • cosmosCosmos Hub(ATOM)$7.300.41%
  • hedera-hashgraphHedera(HBAR)$0.050225-0.54%
  • filecoinFilecoin(FIL)$3.23-4.58%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • crypto-com-chainCronos(CRO)$0.051054-0.27%
  • lido-daoLido DAO(LDO)$1.50-4.50%
  • quant-networkQuant(QNT)$89.90-1.21%
  • internet-computerInternet Computer(ICP)$2.90-3.30%
  • MantleMantle(MNT)$0.394497-1.81%
  • vechainVeChain(VET)$0.017191-1.94%
  • AptosAptos(APT)$5.08-1.61%
  • makerMaker(MKR)$1,323.180.32%
  • nearNEAR Protocol(NEAR)$1.131.05%
  • ArbitrumArbitrum(ARB)$0.83-2.66%
  • optimismOptimism(OP)$1.30-6.62%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.048013-2.04%
  • aaveAave(AAVE)$63.35-1.25%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,725.13-2.55%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.088006-2.66%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.33-0.11%
  • algorandAlgorand(ALGO)$0.097120-1.57%
  • immutable-xImmutableX(IMX)$0.6518.15%
  • usddUSDD(USDD)$1.000.09%
  • xdce-crowd-saleXDC Network(XDC)$0.052113-3.57%
  • elrond-erd-2MultiversX(EGLD)$26.001.46%
  • fraxFrax(FRAX)$1.00-0.11%
  • blockstackStacks(STX)$0.472891-3.57%
  • havvenSynthetix Network(SNX)$2.05-5.45%
  • sapphireSapphire(SAPP)$0.7035.32%
  • eosEOS(EOS)$0.57-0.73%
  • Bitget TokenBitget Token(BGB)$0.453944-1.03%
  • tezosTezos(XTZ)$0.66-2.26%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • the-sandboxThe Sandbox(SAND)$0.294465-1.74%
  • bitcoin-cash-svBitcoin SV(BSV)$31.16-1.79%
  • render-tokenRender(RNDR)$1.60-1.25%
  • injective-protocolInjective(INJ)$7.10-5.49%
  • theta-tokenTheta Network(THETA)$0.59-1.16%
  • radixRadix(XRD)$0.056960-1.46%
  • axie-infinityAxie Infinity(AXS)$4.42-2.42%
  • decentralandDecentraland(MANA)$0.295129-0.84%
  • thorchainTHORChain(RUNE)$1.78-0.54%
  • gatechain-tokenGate(GT)$3.86-0.54%
  • fantomFantom(FTM)$0.188365-2.50%
  • neoNEO(NEO)$7.30-3.13%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • paxos-standardPax Dollar(USDP)$1.000.07%
  • kavaKava(KAVA)$0.62-0.94%
  • pax-goldPAX Gold(PAXG)$1,911.07-0.93%
  • tether-goldTether Gold(XAUT)$1,920.02-1.13%
  • compound-ethercETH(CETH)$31.93-2.66%
  • ecasheCash(XEC)$0.000024-5.78%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • flowFlow(FLOW)$0.438995-1.55%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • kucoin-sharesKuCoin(KCS)$4.530.84%
  • Frax EtherFrax Ether(FRXETH)$1,582.69-2.78%
  • rocket-poolRocket Pool(RPL)$20.79-5.36%
  • iotaIOTA(MIOTA)$0.147066-1.38%
  • apecoinApeCoin(APE)$1.11-1.08%
  • chilizChiliz(CHZ)$0.058187-1.82%
  • frax-shareFrax Share(FXS)$5.352.43%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.11%
  • curve-dao-tokenCurve DAO(CRV)$0.4454061.30%
  • huobi-tokenHuobi(HT)$2.41-1.68%
  • Tokenize XchangeTokenize Xchange(TKX)$4.77-6.22%
  • casper-networkCasper Network(CSPR)$0.033040-3.42%
  • Rollbit CoinRollbit Coin(RLB)$0.112947-1.44%
  • mina-protocolMina Protocol(MINA)$0.378186-1.11%
  • bittorrentBitTorrent(BTT)$0.000000-1.48%
  • DogechainDogechain(DC)$0.001787-24.98%
  • dydxdYdX(DYDX)$1.98-1.24%
  • SuiSui(SUI)$0.438394-1.45%
  • klay-tokenKlaytn(KLAY)$0.108583-4.54%
  • galaGALA(GALA)$0.013011-6.96%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000581.72%
  • trust-wallet-tokenTrust Wallet(TWT)$0.79-1.69%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,663.05-2.61%
  • nexoNEXO(NEXO)$0.57-0.28%
  • gmxGMX(GMX)$34.94-3.04%
  • apenftAPENFT(NFT)$0.0000000.32%
  • Nexus MutualNexus Mutual(NXM)$45.66-2.25%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.11%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • dashDash(DASH)$26.25-0.75%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,677.67-2.73%
  • woo-networkWOO Network(WOO)$0.168945-2.51%
  • zilliqaZilliqa(ZIL)$0.0169312.88%
  • AstarAstar(ASTR)$0.0538751.14%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • FlareFlare(FLR)$0.011175-3.25%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • liquity-usdLiquity USD(LUSD)$1.000.04%
  • arweaveArweave(AR)$4.20-3.48%
  • 1inch1inch(1INCH)$0.2646385.29%
  • compound-governance-tokenCompound(COMP)$38.78-2.62%
  • WEMIXWEMIX(WEMIX)$0.843.78%
  • conflux-tokenConflux(CFX)$0.123872-3.40%
  • PepePepe(PEPE)$0.000001-2.65%
  • basic-attention-tokenBasic Attention(BAT)$0.172897-2.02%
  • gnosisGnosis(GNO)$99.10-2.37%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • tomiNettomiNet(TOMI)$3.391.14%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.15-2.34%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • SafePalSafePal(SFP)$0.584.27%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • compound-usd-coincUSDC(CUSDC)$0.0230550.06%
  • huobi-btcHuobi BTC(HBTC)$26,269.00-2.10%
  • fetch-aiFetch.ai(FET)$0.225244-1.95%
  • DeFiChainDeFiChain(DFI)$0.312397-5.58%
  • oec-tokenOKT Chain(OKT)$13.11-0.33%
  • illuviumIlluvium(ILV)$39.90-1.83%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • chiaChia(XCH)$27.13-2.33%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • escoin-tokenEscoin(ELG)$2.70-2.06%
  • qtumQtum(QTUM)$2.18-2.04%
  • nemNEM(XEM)$0.025302-2.68%
  • enjincoinEnjin Coin(ENJ)$0.226618-1.31%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • celoCelo(CELO)$0.442170-2.91%
  • bitcoin-goldBitcoin Gold(BTG)$12.87-3.19%
  • singularitynetSingularityNET(AGIX)$0.180611-2.43%
  • mask-networkMask Network(MASK)$2.713.36%
  • SeiSei(SEI)$0.123738-0.93%
  • compound-usdtcUSDT(CUSDT)$0.0190999.43%
  • ecomiECOMI(OMI)$0.000820-1.84%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • tether-eurtEuro Tether(EURT)$1.07-0.07%
  • mx-tokenMX(MX)$2.17-3.72%
  • heliumHelium(HNT)$1.526.63%
  • loopringLoopring(LRC)$0.174840-1.39%
  • oasis-networkOasis Network(ROSE)$0.043114-1.46%
  • convex-financeConvex Finance(CVX)$2.63-2.09%
  • Aleph ZeroAleph Zero(AZERO)$0.87-2.90%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • theta-fuelTheta Fuel(TFUEL)$0.032828-3.15%
  • zcashZcash(ZEC)$25.96-0.34%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • decredDecred(DCR)$13.18-3.54%
  • osmosisOsmosis(OSMO)$0.328293-2.00%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • justJUST(JST)$0.022229-2.71%
  • WorldcoinWorldcoin(WLD)$1.510.02%
  • olympusOlympus(OHM)$11.412.36%
  • ethereum-name-serviceEthereum Name Service(ENS)$7.49-0.98%
  • ankrAnkr Network(ANKR)$0.019031-2.33%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • akash-networkAkash Network(AKT)$0.860.45%
  • merit-circleMerit Circle(MC)$0.4064606.01%
  • holotokenHolo(HOT)$0.001048-0.24%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • BolideBolide(BLID)$0.029333-6.99%
  • BeldexBeldex(BDX)$0.032671-0.72%
  • ravencoinRavencoin(RVN)$0.015211-0.53%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.78-3.00%
  • DEIDEI(DEI)$1.000.13%
  • Gains FarmGains Farm(GFARM2)$5,000.300.00%
  • stepnSTEPN(GMT)$0.149987-3.12%