{"id":56574,"date":"2023-01-24T16:15:39","date_gmt":"2023-01-24T05:15:39","guid":{"rendered":"https:\/\/icmarkets.eu\/blog\/?p=56574"},"modified":"2025-11-11T19:29:17","modified_gmt":"2025-11-11T08:29:17","slug":"tuesday-24th-january-2023-dollar-weaker-as-investors-tone-rate-hike-expectations","status":"publish","type":"post","link":"https:\/\/icmarkets.eu\/blog\/fundamental-analysis\/tuesday-24th-january-2023-dollar-weaker-as-investors-tone-rate-hike-expectations\/","title":{"rendered":"Tuesday 24th January 2023 :\u00c2\u00a0Dollar weaker as investors tone rate hike expectations"},"content":{"rendered":"<h3><span style=\"font-weight: 400;\">Global Markets:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asian Stock Markets : Nikkei up 1.57%, ASX up 0.47%<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commodities : Gold at $1934.15 (+0.29%), Silver at $23.64 (+0.37%), Brent Oil at $88.16 (-0.03%), WTI Oil at $81.70 (+0.10%)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rates : US 10-year yield at 3.521, UK 10-year yield at 3.379, Germany 10-year yield at 2.209<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">News &amp; Data:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) Flash Services PMI 48.3 vs 47.3 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(AUD) Flash Manufacturing PMI 49.8 vs 50.2 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(NZD) BusinessNZ Services Index 52.1 vs 53.8 previous<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(USD) CB Leading Index m\/m -1.00% vs -0.70% expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(EUR) Consumer Confidence -21 vs -20 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">(CAD) NHPI m\/m 0.00% vs -0.20% expected<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Markets Update:<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">\u00c2&nbsp;Asian stock markets are mostly higher in thin holiday trading on Tuesday, following the broadly positive cues from global markets overnight, boosted by strong gains in technology stocks, which mirrored their peers on the tech-heavy Nasdaq. Traders are also optimistic the US Fed will slow the pace of interest rate hikes after data showed a drop in US consumer prices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Singapore are closed for a holiday. The Nikkei 225 rose 1.6% and the Topix gained 1.1%. The Japanese yen continued to trade above 130 against the US dollar for the second consecutive day and last stood at 130.53. The Australian stock market slightly higher on Tuesday, extending the gains in the previous four sessions, following the broadly positive cues from global markets overnight, with gains in technology and mining stocks partially offset by weakness in financial stocks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crude oil prices failed to hold early gains and settled roughly flat on Monday amid concerns about the outlook for oil demand due to a potential U.S. recession. The dollar fell to a nine-month low on market expectations that the Federal Reserve will only raise interest rates by 0.25 percent when it meets next week.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Upcoming Events:<\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">08:15 AM GMT &#8211; (EUR) French Flash Manufacturing PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">08:15 AM GMT &#8211; (EUR) French Flash Services PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">08:30 AM GMT &#8211; (EUR) German Flash Manufacturing PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">08:30 AM GMT &#8211; (EUR) German Flash Services PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:30 AM GMT &#8211; (GBP) Flash Manufacturing PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:30 AM GMT &#8211; (GBP) Flash Services PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">02:45 PM GMT &#8211; (USD) Flash Services PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">02:45 PM GMT &#8211; (USD) Flash Manufacturing PMI<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">03:00 PM GMT &#8211; (USD) Richmond Manufacturing Index<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">09:45 PM GMT &#8211; (NZD) CPI q\/q<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets : Nikkei up 1.57%, ASX up [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":62731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215],"tags":[],"class_list":["post-56574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis"],"_links":{"self":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/comments?post=56574"}],"version-history":[{"count":2,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56574\/revisions"}],"predecessor-version":[{"id":62767,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/posts\/56574\/revisions\/62767"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media\/62731"}],"wp:attachment":[{"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/media?parent=56574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/categories?post=56574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icmarkets.eu\/blog\/wp-json\/wp\/v2\/tags?post=56574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}