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Dollar stagnates as traders wait on Powell for policy hints

Tuesday, January 11, 2022
Dollar stagnates as traders wait on Powell for policy hints © Reuters. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration

By Kevin Buckland

TOKYO (Reuters) - The U.S. dollar hovered near the middle of its recent range against major peers on Tuesday as traders looked to incumbent Fed Chair Jerome Powell's nomination hearing later in the day for new clues on the timing and pace of policy normalisation.

In his prepared opening remarks, released Monday, Powell will pledge to prevent high inflation from becoming "entrenched," but will make no mention of plans for the path of monetary policy.

However, he will take questions from senators in his bid for a second four-year term.

The dollar index, which measures the currency against six counterparts, hovered around 95.93 early in the Asian session.

It hit a more than 16-month high of 96.938 on Nov. 24 amid increasing hawkishness from Fed policy makers, but has since been stuck between that level and 95.544, touched less than a week later, despite a continued ramping up of rhetoric that now has Wall Street banks forecasting four quarter-point rate hikes this year.

TD Securities strategists said it seemed the Fed was of the mindset of "sooner rather than later" for both higher rates and running off its balance sheet after ending bond-buying stimulus - a process dubbed quantitative tightening (QT).

"An affirmation of March tightening and early QT should support USD firmness overall, though within well-established ranges," they wrote in a research note.

TD expects a first hike in June, but as early as March was also a possibility.

Money markets are priced for an increase by May, with two more by November.

U.S. December consumer inflation data is due to be released on Wednesday, with headline CPI seen coming in at a red-hot 7% on a year-on-year basis, boosting the case for an early increase in interest rates.

The dollar was little changed at 115.23 yen after bouncing off a one-week low of 115.045 overnight.

The euro was about flat at $1.13325, stuck in the middle of its trading range since mid-November.

Sterling was stable at $1.35825 after easing back from Monday's two-month high of $1.36025.

The Australian dollar added 0.17% to $0.71860, getting support from local retail sales data that came in much higher than economists forecast.

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25-01-2022 09:29:33 (UTC+7)

EUR/USD

1.1269

-0.0054 (-0.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/USD

1.1269

-0.0054 (-0.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

GBP/USD

1.3472

-0.0013 (-0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

USD/JPY

113.86

-0.06 (-0.05%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (4)

AUD/USD

0.7135

-0.0005 (-0.07%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (2)

USD/CAD

1.2636

+0.0002 (+0.02%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (2)

EUR/JPY

128.32

-0.67 (-0.52%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

EUR/CHF

1.0350

+0.0005 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

Gold Futures

1,840.85

-0.85 (-0.05%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (9)

Silver Futures

23.672

-0.128 (-0.54%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Copper Futures

4.4255

+0.0130 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

83.45

+0.14 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Brent Oil Futures

85.75

+0.32 (+0.37%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

3.860

-0.015 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Coffee C Futures

237.55

+4.60 (+1.97%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (7)

Euro Stoxx 50

4,082.45

+28.09 (+0.69%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

S&P 500

4,410.13

+12.19 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,112.45

+101.32 (+0.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,353.49

+56.34 (+0.77%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Hang Seng

24,243.61

-412.85 (-1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

US Small Cap 2000

2,030.04

+42.12 (+2.12%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,492.16

+74.36 (+0.88%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

65.390

+1.130 (+1.76%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Bayer AG NA

50.88

+0.88 (+1.76%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (4)

Allianz SE VNA O.N.

220.13

+3.53 (+1.63%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

Adidas AG

238.85

-1.90 (-0.79%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (7)

Deutsche Lufthansa AG

6.658

+0.098 (+1.49%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

Siemens AG Class N

137.77

+0.33 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

10.980

+0.220 (+2.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

 EUR/USD1.1269↑ Sell
 GBP/USD1.3472Neutral
 USD/JPY113.86Sell
 AUD/USD0.7135Neutral
 USD/CAD1.2636Neutral
 EUR/JPY128.32↑ Sell
 EUR/CHF1.0350Neutral
 Gold1,840.85Sell
 Silver23.672↑ Sell
 Copper4.4255↑ Buy
 Crude Oil WTI83.45↑ Sell
 Brent Oil85.75↑ Sell
 Natural Gas3.860↑ Buy
 US Coffee C237.55Neutral
 Euro Stoxx 504,082.45↑ Buy
 S&P 5004,410.13↑ Buy
 DAX15,112.45↑ Buy
 FTSE 1007,353.49Buy
 Hang Seng24,243.61↑ Buy
 Small Cap 20002,030.04↑ Buy
 IBEX 358,492.16↑ Buy
 BASF65.390↑ Buy
 Bayer50.88↑ Buy
 Allianz220.13↑ Buy
 Adidas238.85↑ Sell
 Lufthansa6.658↑ Sell
 Siemens AG137.77↑ Buy
 Deutsche Bank AG10.980↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,245
(25/ 35) # 1,202
SJC HCM6,190/ 6,255
(40/ 45) # 1,211
SJC Hanoi6,190/ 6,257
(40/ 45) # 1,213
SJC Danang6,190/ 6,257
(40/ 45) # 1,213
SJC Nhatrang6,190/ 6,257
(40/ 45) # 1,213
SJC Cantho6,190/ 6,257
(40/ 45) # 1,213
Cập nhật 25-01-2022 09:29:36
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,840.79-2.74-0.15%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2486025350
RON 95-II,III
E5 RON 92-II2359024060
DO 0.05S1890019270
DO 0,001S-V1925019630
Dầu hỏa1779018140
ↂ Giá dầu thô thế giới
WTI$83.39+0.390.47%
Brent$86.63+0.30.35%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.470,0022.780,00
EUR24.914,3926.311,12
GBP29.734,0431.003,87
JPY192,65203,94
KRW16,3519,92
Cập nhật lúc 18:49:50 25/01/2022
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