US Debt Default Alert Alarmed For Fear Of Dragging Down US Dollar

< p > because the American Democratic Party and the Republican party hold their own views, the United States "a href=" http://www.91se91.com/ "> government" /a "finally failed to avoid the fate of temporary closure.

There are still serious differences between the two parties in Congress about whether or not to add conditions to the spending bill. The US government has stopped on schedule, raising fears about the US economic outlook.

Affected by this, the US dollar continued to suffer from market pressure.

But it was like "boots landing". After the US government confirmed the shutdown, the US dollar's decline was not as strong as expected.

On the other hand, it also comes down to the fact that the market is not very worried about the long-term closure of the US government, which can be derived from the recent market volatility index.

And the real worry for some time in the future is whether the United States can successfully raise the debt ceiling so as to avoid the risk of default.

This also determines whether the US dollar rebounded last Friday will last.

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< p > in addition, in terms of economic data, the most important us non farm employment report in September was not released as scheduled due to the government's suspension.

But the US ADP employment figures, which were the same as the employment figures, did not perform well. The figure increased by 166 thousand in September, less than expected in the market.

Similarly, the US ISM index of non Manufacturing Purchasing Managers in September also hit the lowest level since June 2013.

Continue to show the unstable side of the US economy.

It also provides evidence for the Federal Reserve to postpone tightening monetary policy.

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< p > in conclusion, more than one week in the future will be critical to the trend of < a href= "http://www.91se91.com/" > US dollar < /a >.

Although most investors believe that the US will eventually scrape through the current political stalemate.

But the negative effects will still be unfavorable to the US dollar in the short term.

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< p > outlook. This week, the minutes of the Fed meeting will attract market attention.

As the economic data is unstable, and the Fed's "doves" continue to strengthen the camp's view, once the minutes of the meeting are released again, the moderate signal will pose a threat to the US dollar exchange rate.

In addition, a series of problems surrounding the US debt ceiling will also plague the foreign exchange market.

As the October 17th draws near, the risk of debt default will increase in the US, thereby dragging the dollar market popularity.

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< p > technical point of view, < a href= "http://www.91se91.com/" > US dollar < /a > index continued to suffer from a sell-off and hit a new low in the past eight weeks.

But with the strengthening of bargain buying, the "five successive negative" before the end of the dollar rebounded to recover most of the decline.

At present, the average daily line system continues to diverge, but the 5 day moving average slows down, and the RSI index bottoms up.

It is expected that the US dollar may continue to rebound slightly, but the downward pressure will not be easily lifted.

The initial resistance is located at 80.20 of the 10 day moving average. If the position is effectively broken, the US dollar will continue to rebound.

Strong resistance is in important technical position 80.75.

Initial support last week at a low of 79.60, then supporting 79.25, stronger support 78.90 near.

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