The interest rate hike of the US dollar means that the US economy is strong, which will lead to a large amount of global money flowing into the US, because investors can invest in the US market in various ways, which will lead to the rise of the US dollar, and some commodities, precious metals and foreign exchange markets denominated in the US dollar will all fall.
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USD (abbreviation: USD; ; И o4217Currency code: USD; ; Symbol: USD) is the legal tender of the United States of America, El Salvador, Panama, Ecuador, East Timor, Marshall Islands, Micronesia (Federated States of), Kiribati and Palau. Dollar banknotes in circulation are all versions of banknotes issued since 1929.
Appeared after 1792 American mint law was passed. At present, the issuance of US dollars is controlled by the Federal Reserve system in the United States. From 19 13, the United States established the Federal Reserve system and issued Federal Reserve bonds. More than 99% of the banknotes in circulation are Federal Reserve banknotes.
The competent department for issuing US dollars is Congress, and the specific issuance business is handled by the Federal Reserve Bank.
After World War II, continental European countries reached an agreement with the United States to use US dollars for international payments. Since then, the dollar has been widely used as a reserve currency in countries outside the United States, and eventually became an international currency.
As of the evening of 202 1, 65438+February, 16, the exchange rate of lira against the US dollar had exceeded 15.6, hitting a new low. Since 202 1, the lira has depreciated by more than 50% against the US dollar.
Dollar index
Usually, the tool we use to analyze the trend of the US dollar is the US dollar index, which is an index that comprehensively reflects the exchange rate of the US dollar in the international foreign exchange market and is used to measure the exchange rate changes of the US dollar against a basket of currencies. It measures the strength of the US dollar by calculating the comprehensive rate of change between the US dollar and a selected basket of currencies, thus indirectly reflecting the changes in US export competitiveness and import costs.
If the dollar index falls, it means that the dollar depreciates against other major currencies. The calculation principle of dollar index futures is based on the trade settlement between major countries in the world and the United States, with 100 as the dividing line, and the overall strength of the dollar is calculated in a weighted way.
After the launch of 1999+ 10/euro, the subject matter of the futures contract was adjusted from ten countries to six countries, and the euro became the most important and weighted currency, accounting for 57.6%. Therefore, the fluctuation of the euro has the greatest influence on the strength of the US dollar index.