In the New York foreign exchange market on the 3rd, economic indicators related to the US economy exceeded market expectations, and the view that the pace of interest rate hikes was slowing further receded. The dollar has strengthened.
In the New York foreign exchange market on the 3rd, there was a move to sell the yen and buy the dollar, and the yen exchange rate temporarily fell to the mid-134 yen level to the dollar.
Both the economic indicators that were released on the day, indicating new orders in the manufacturing industry and the economic indicators indicating business sentiment in the non-manufacturing industry, both exceeded market expectations, further receding the view that the pace of interest rate hikes will slow down. did.
As a result, long-term interest rates in the United States temporarily rose in the bond market, leading to yen-selling and dollar-buying due to concerns about the widening interest rate differential between Japan and the United States.
A market insider said, ``There was a widespread view that the pace of interest rate hikes would slow down due to concerns about the slowdown of the US economy, but as economic indicators related to the economy exceeded expectations, caution about interest rate hikes increased again. I'm talking.
On the other hand, in the New York stock market, buy orders increased as economic indicators related to the economy exceeded market expectations, and the closing price of the Dow Jones Industrial Average was $32,812.50, up $416.33 from the previous day.
The Nasdaq stock index, which has many IT-related stocks, also rose significantly by 2.5%.