In the Asian session on Friday (April 28), the latest price of the U.S. dollar index was 101.44, and the opening price was 101.48. With the gradual easing of the US commercial bank crisis, coupled with the fact that S&P announced a significant rebound in the US business activity index in April and high core inflation in March, the market expects that the Federal Reserve will continue to raise interest rates at the May meeting. Yields rebounded again.
In the second quarter, the U.S. economic growth is likely to continue to decelerate, but the job market is relatively stable, and the leverage ratio of residents has not expanded significantly during the epidemic. This means that the risk of U.S. economic recession comes from the credit contraction after the banking crisis, which is likely to occur in the third and fourth quarters, and may be a mild recession. It is difficult to end the Fed’s interest rate hike process in the second quarter. stay high.
The U.S. dollar index slipped further to around 101.00 as investors worried that the approval of the proposal to raise the debt ceiling would affect the long-term rating of the U.S. economy.
