The US Federal Reserve Maintains Interest Rates Unchanged At &Nbsp; &Nbsp; The Dollar Exchange Rate Is Pressed On Tuesday.
Beijing time on the morning of December 15th, Federal Reserve Announced on Tuesday maintain current interest rate At an ultra-low level, no change was made to the previously announced $600 billion treasury bond procurement project. US dollar exchange rate Pressure has narrowed the previous gains, but still maintained a weak advantage against a variety of currencies.
Almost identical with market analysts' expectations, the Fed's statement shows that the decision Committee has no practical changes in monetary policy.
By the end of the foreign exchange market, the US dollar index for tracking six major currencies was 79.42 points, up 0.17%.
The index was released or dropped to 79.248 points in the Fed's statement.
The euro traded against the US dollar at $1.3386 on Monday, or only 0.02%, while the US dollar against Japanese yen fluctuated in a relatively narrow range, eventually closing at 83.65 yen, or 0.23%, while the pound fell to 0.50% at the US dollar at 1.5777 US dollars.
After the last monetary policy conference this year, the Fed officials said in a meeting statement that the development of unemployment rate and the change of inflation rate were "disappointing and slow".
The statement said the Federal Reserve will continue to implement the $600 billion treasury bond purchase plan announced in its November decision statement to continue to stimulate weak economic growth.
Earlier on Tuesday, inspired by better than expected retail sales figures in November and production price index, the market generally agreed that the Fed would reflect the fact that the US economy has improved in decision-making.
The dollar exchange rate edged up slightly.
The economist at the Royal Bank of Scotland Securities Department said in a report on Tuesday that "with the growth of economic growth," American families are more confident and spending more.
We believe that the growth trend of consumer spending in the second half of 2010 will continue until 2011.
Another report from the Ministry of labour shows that the US production price index in November showed a 0.8% growth rate.
Over the past month, some analysts worry that signs of economic growth that are less obvious may prompt the fed to continue to expand the scale of its existing purchases of treasury bonds, which will lead to the continued depreciation of the US dollar.
As Congress is expected to continue to extend tax concessions in the Bush administration and even offer more incentive tax policies through some kind of agreement, some concerns about the possible expansion of treasury bond procurement projects have been partially dispelled.
At the same time, the tax cuts that are being considered by Congress have attracted the attention of many rating agencies.
Analysts at interactive dealers said investors are still digesting the report issued by Moodie rating agency on Monday.
The report reiterates that unless a compensation measure is adopted, the continuation of the tax cuts will have a negative impact on the credit rating of the United States and increase the possibility of making a negative outlook on the Aaa rating of the US government in the next two years.
Earlier Tuesday, data showed that the German economic confidence index ZEW index rose 2.5 points in December.
The index, which tracks business confidence in Europe's largest economy, currently stands at 4.3 points, with a November value of 1.8.
The euro hit a record high amid favorable reports.
"In the middle of 11, the strong ZEW index helped the euro rise three consecutive days against the dollar," Forex.com analyst Catherine Brooks said in a research report on Monday.
Now the market is looking forward to whether this will happen again this month. "
In other currencies, the Canadian dollar rose to 0.21% against the US dollar at 99.47 cents, while the Australian dollar rose to 0.40% against the US dollar at 99.98 cents.
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