In the New York financial market on the 10th, the growth of the US consumer price index in July was smaller than in June, and the view that the pace of interest rate hikes was accelerating receded. In addition, the Dow Jones Industrial Average rose sharply.
In the New York foreign exchange market on the 10th, the pace of interest rate hikes is expected to accelerate after the US consumer price index, which was announced on the same day, contracted from the previous month and fell short of market expectations. has retreated.
As a result, concerns about the widening interest rate differential between Japan and the United States eased, and the movement to sell the dollar and buy the yen strengthened, and the yen exchange rate temporarily rose to the low 132 yen level to the dollar.
In the New York stock market, buying orders swelled in hopes that inflation would subside, and the closing price of the Dow Jones Industrial Average was $33,309.51, up $535.10 from the previous day.
The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 2.8%.
A market insider said, ``It has been accepted that the narrowing of the rise in prices is a sign that inflation has subsided. I'm interested in how much it will affect the judgment of the time."