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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: U.S. Treasury yields stabilized and the U.S. dollar index strengthened on the eve of the Federal Reserve's interest rate meeting." Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - During the US trading session on Tuesday (December 9), the U.S. dollar index rose slightly, with bulls regaining the 50-day moving average at 99.197 and pushing the index closer to the 200-day moving average at 99.439. The rebound www.xmyktj.cnes as U.S. bond yields have risen slightly and the market is preparing for the Federal Reserve's interest rate decision on Wednesday. Traders are still digesting expectations for a December interest rate cut, a factor that supported the dollar in early trading, but the market has not yet made aggressive position adjustments before Fed Chairman Powell releases new guidance. The fundamental factor driving the dollar's rebound is that U.S. bond yields have stabilized slightly, with the 10-year Treasury bond yield at 4.176% and the 2-year Treasury bond yield at 3.604%. Rising yields typically boost the U.S. dollar because they increase the relative return on U.S. dollar assets. Short-term Treasury yields moved higher in tandem, suggesting investors are adjusting their expectations based on employment data and the Fed's short-term policy stance. The number of job openings in the United States increased slightly in October. The Labor Department said the number of job openings increased to 7.67 million in October from 7.658 million in September. Strong data usually weakens the urgency for the Fed to cut interest rates in the short term, thus supporting the dollar. The market generally expects the Federal Reserve to announce an interest rate cut at this interest rate meeting. Amundi Asset Management pointed out that the December interest rate cut will support the credit market; and if the Federal Reserve releases a hawkish signal, implying that it will maintain the current policy unchanged at several interest rate meetings in the future, it will help to maintain the stability of the US dollar exchange rate. Analysts also warned that if the Federal Reserve sends a more dovish signal, such as setting aside the possibility of an interest rate cut in January, the dollar may weaken and U.S. bond yieldsThe slope of the curve will also become steeper. Foreign exchange markets held steady as traders awaited the Fed's next move. Cross-rate moves were limited on Tuesday as traders avoided taking large positions ahead of the Fed's decision. www.xmyktj.cnmerzbank pointed out that market participants have not yet made significant adjustments to the exchange rate, which makes
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