Core Insights - The foreign exchange market experienced increased volatility due to a stock market sell-off, leading investors to seek safe-haven assets [1] - A report indicated that the UK budget for this month will not raise income taxes, which negatively impacted the British pound [1] - The primary driver of market movements is the perception that the likelihood of the Federal Reserve lowering interest rates in December is significantly lower than a few weeks ago [1] Market Reactions - More Federal Reserve officials issued cautious signals overnight, expressing reservations about further easing due to inflation concerns and signs of a relatively stable labor market [1] - This shift in expectations triggered a sell-off in high-valuation U.S. stocks and government bonds, which spread to Asian and European markets [1] - In the foreign exchange market, this led to a flow of funds towards the Swiss franc and Japanese yen, with the latest quotes showing a 0.5% decline in both USD/CHF and USD/JPY [1]
外汇市场动荡加剧 投资者涌向避险货币
Sou Hu Cai Jing·2025-11-14 13:26