Xinhua Finance and Economics, New York, December 20 (Reporter Liu Yanan) Due to the increase in market safe-haven demand and the U.S. consumer confidence index higher than expected, the U.S. dollar strengthened against a basket of currencies other than the yen on the 20th, and the U.S. dollar index was in the overnight market, the rise narrowed significantly in the morning of the day, and then consolidated in a narrow range, and the U.S. dollar index rose significantly at the end of the session.
The U.S. dollar index, which measures the greenback against six major currencies, was 024%, closing at 102 at the end of the foreign exchange market408。
As the U.S.** dived in the afternoon of the same day, the market demand for safe-haven increased significantly, which brought significant support to the U.S. dollar.
Vladimir Zernov, a market analyst at FXEMPIRE, said on the same day that the dollar strengthened due to the improvement in the US consumer ** index published by the Conference Board. The increase in existing home sales announced on the same day also provided support to the US dollar.
According to Zernov, the dollar index should technically close at 10265 above to gain further ** kinetic energy. If the dollar index stands above 10265, and the next resistance above it is at 10350-103.75。
Data released by the Office for National Statistics in the overnight market showed that the UK consumer ** index fell by 02%, the market expects a month-on-month increase of 02%, compared to the previous month in October;The index rose by 39%, below market expectations of 44% and 4 in October6%, the lowest level in more than two years.
Barclays analysts believe that the dollar may face some pressure at the end of the month due to the rebalancing of investors' positions, and the Barclays month-end rebalancing model shows that the dollar has a strong sell signal against all major currencies at the end of the month. The already stretched indicator of sentiment in the dollar market is likely to enter negative territory at the beginning of 2024.
As of the end of the New York exchange market, 1 euro is exchanged for 1$0,946, down from $1 in the previous session0976 USD;1 pound to 1$2,642, down from $1 in the previous session2723 USD.
1 dollar for 14381 yen, down from 143 in the previous session90 yen;1 USD to 0CHF 8,628, up from 0CHF 8608;1 dollar for 1C$3,342, up from 1CAD 3335;1 dollar for 101,739 SEK, up from 101687 SEK.
Editor: Wang Chunxia.
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