Remind us dollar foreign exchange transactions and set up mt4 MT5 trading market

On the morning of June 21, Beijing time, the US dollar index fell slightly and is currently trading near 104.46. On Monday, the dollar index fell 0.27% to 104.48, but it was still close to the 20-year high of 105.79 hit when the Federal Reserve raised interest rates by 75 basis points last Thursday to try to curb high inflation.

Federal Reserve Chairman Powell will testify in the Senate and the house of Representatives on Wednesday and Thursday, which is the focus of the foreign exchange market this week.

The euro rose on Monday as markets focused on the tools of the European Central Bank to combat fragmentation in the eurozone, ignoring the risk of political deadlock after French President macron lost an absolute majority in parliamentary elections. The final result showed that macron's centrist coalition won the most seats in the national assembly, but it was far from reaching the absolute majority required to control the parliament.

Analysts and traders ignored the election results and instead focused on the European Central Bank's attempt to control borrowing costs in the southern region of the region and the outlook for global monetary policy. Ingvild Borgen gjerde, a foreign exchange analyst at DNB markets, said: "although macron's presidency and majority in parliament will be very positive for the cooperation in the euro zone, this is more a long-term impact, it is not something that affects the current market.

Two things are very important for the euro. What anti fragmentation tools can the European Central Bank come up with, and the prospects of monetary policy. "

On Monday, European Central Bank President Lagarde reiterated the plan to raise the interest rate of the European central bank twice this summer, and confirmed that she would fight against the widening interest rate gap in the borrowing costs of different countries in the euro zone.

On Monday, the euro closed up 0.36% against the US dollar at 1.0509. On Monday, the dollar closed up 011% against the yen at 135.04. The exchange rate once hit 135.43, close to the peak of 135.58 on Wednesday, the highest since October 1998.

Trading was light on Monday as the US stock and bond markets were closed for public holidays.

Risk sensitive currencies AUD and NZD jumped 0.5% and 0.4% respectively, as risk sentiment stabilized after volatile trading last week. On Monday, the Australian dollar rose 0.51% to 0.6949 against the US dollar, and the New Zealand dollar rose 0.57% to 0.6330 against the US dollar.

On Monday, the dollar fell 0.40% to 0.667 against the Swiss franc, and the pound closed up 0.22% to 1.2243 against the dollar.

Key data and major events on Tuesday

Financial events that need attention in the day: at 9:30, the RBA announced the minutes of the monetary policy meeting, and at 23:00, Richmond Fed chairman Balkin delivered a speech; At 0:00 on June 22, Beijing time, mester, chairman of FOMC voting Committee and Cleveland fed in 2002, Balkin, chairman of Richmond fed, delivered a speech at 3:30, and the Bank of Japan released the minutes of the monetary policy meeting at 7:50.

Summary of institutional views

Financial website fxstreet: it may be possible to long the US dollar index on a bargain hunting basis

Considering the current trend of the US dollar index, it is not ruled out that there may be further correction in the short term. The US dollar index may still touch the low of 103.40 after the FOMC meeting of the Federal Reserve on June 16 again, and it may be bargain hunting and long at that time;

As long as the four-month line remains supportive, the near-term outlook of the US index remains optimistic. In the long run, the US index needs to remain above the 200 day moving average to maintain the bullish trend. The US dollar index is 104.43-0.05%

OANDA analyst: the dollar has peaked

OANDA analyst ed Moya said that as financial markets are worried about the sharp tightening of policies by the global central bank and the slowdown of U.S. economic data, gold has resumed its role as a safe haven asset. Concerns about the economic recession are intensifying, which has triggered stock outflows and an influx of safe haven gold buying. With other major central banks following the fed to send a strong tightening signal, the dollar has peaked;

It is reported that the president of the European Central Bank Lagarde told finance ministers that if the borrowing costs of weaker countries rise too fast, the European Central Bank will launch a new anti crisis tool, which further exacerbated the weakness of the dollar

Morgan Stanley: Bank of Japan may be forced to raise its yield target only when the US and Japan break above 140 or 145

Naomi muguruma, senior market economist at Morgan Stanley Securities, said: "although the Bank of Japan has no intention of adjusting ultra loose monetary policy, the environment around the Bank of Japan is changing rapidly. If the dollar breaks above 140 or 145 against the yen, the Bank of Japan may be forced to raise its yield target.

Money partners analyst: it's only a matter of time before the US and Japan break through 140

Yoshifumi TAKECHI, chief analyst of money partners, believes that it is only a matter of time before the dollar breaks through 140 against the yen. Only the intervention of the foreign exchange market can stop the downward trend in the next two to three weeks;

The interest rate decision of the Bank of Japan is within the expected range, and the policy differences between the Bank of Japan and its international counterparts have brought further selling pressure to the yen;

Affected by the Swiss central bank's interest rate hike, the previous brief appreciation of the yen was excessive, and the United States and Japan will return to the previous upward trend.