The US dollar index

The US dollar index hit 58 points overnight and closed up 0.46%. Fed Chairman Powell reiterated that patience needs to be patience; the US economy is solid, and the main concern is global growth; "very worried" about the growing US government debt. The final balance sheet size is still unclear, and the future balance sheet size will be “significantly” lower than current levels, but still higher than in the past. After Powell denied the recent US recession risk, the US dollar index rose to a higher level. After it mentioned reducing the size of its balance sheet (shrinking), the three major US stock indexes fell. On the 20th day after the US government closed its doors, Trump refused to cancel the trip to Davos because of the Democratic Party’s refusal to compromise on the border wall. The largest dove in the Fed, St. Louis Fed President Brad, opposed the further interest rate hike for two consecutive days, and said that he could not rule out the possibility of voting at the FOMC meeting.

Australian dollar
The Australian dollar surged 52 points overnight and closed up 0.17%. According to market news: UBS recommended copper, aluminum and nickel as the first choice for metals in 2019; iron ore prices are expected to remain at US$65-70/tonne in 2019; the prospect of coking coal market is expected to be very tight in 2019. According to data from the Australian Port Authority, shipments of iron ore from Australia's Port Hedland increased to 45.8 million tons in December, compared with 39.4 million tons in November. Some traders said that the Australian dollar turned stronger before the European market yesterday, mainly for the boost of iron ore exports.

The euro surged 83 points overnight and closed down 0.4%. The minutes of the ECB meeting showed that central bank policymakers debated whether to cut the economic prospects of the euro zone, but officials finally agreed that lowering the 2019 growth forecast itself is tantamount to recognizing that the risk to the euro zone's economic outlook has increased; central bankers believe that the increase The expected time for key interest rates has been postponed until the end of 2019. Institutional analysts: Eurozone banks are also dealing with non-performing loans in the process of establishing capital, so loan growth is much lower than currency growth; ending asset purchases while European banking is still fragile means that the euro zone will It is vulnerable to the slowdown in nominal spending, so the forecast for Eurozone economic growth in 2019 is lowered from 2% to 1.6%.

Article from AETOS