**USD Hey, dear friends, jump into our economic boat and ride the waves to explore the mysteries of the global economy! Today's weather is good, the sun is shining, the breeze is not dry, and it is a good time to learn about the world economy! First, let's take a look at the naughty guy of the dollar. It seems to be a little unhappy lately and has been secretly "shrinking". It turns out that Uncle Powell, the boss of the Federal Reserve, revealed a little secret at the House Financial Services Committee: if the economy grows as well as expected, it may loosen policy this year. This news stunned those who were originally optimistic about the dollar, and they began to change their minds.
Let's take a look at jobs in the United States. In February, fewer private jobs were created than expected, and wages for active workers rose at the slowest pace in two-and-a-half years. It seems that the U.S. labor market may be going to calm down a bit. Everyone is looking forward to what surprises the non-farm payrolls data will bring us on Friday!
Now for the news from Japan! I heard that some members of the Bank of Japan felt that ending negative interest rates at the March meeting was a good option. If the spring wage negotiations can lead to a steady wage increase, then the Bank of Japan may say goodbye to negative interest rates at its April meeting! This is good news for the yen, it can finally stabilize its position and slowly recover!
Speaking of the Australian dollar, although Australia's economic growth rate in the fourth quarter was only 02%, but because of the US dollar, the exchange rate of the Australian dollar against the US dollar is still **094%。The market** has a 42% chance of a rate cut in June and 86% in August. If the Fed cuts rates earlier than the RBA, and by a larger margin, then the Aussie is expected to receive more support!
Finally, let's talk about this sparkling little baby! Spurred on by the news that Uncle Powell hinted at a possible rate cut, ** continued to soar all the way, setting a new all-time record. *** up 0 per ounce8%, reaching 2,14509 US dollars, and even touched 2,152 at one point$09 all-time high!
In short, the Fed's interest rate cut expectations, investors' and central banks' long positions are all driving the market boom. However, you should also pay attention to the fact that after the market is fast, there may be some important adjustments!
Well, that's the interpretation of the global economic dynamics we bring to you today! I hope you enjoy this easy and enjoyable way to learn about economics!