讀後心得

In the New York foreign exchange market last Friday, the US dollar rose against a basket of major currencies, partially recovering the losses caused by the tariffs imposed by the Trump administration. The dollar index increased by 0.93%, reaching 103.023. The dollar rose to 1.0956 against the euro, 146.93 against the yen, and 0.8608 against the Swiss franc. The euro slightly depreciated against the yen and Swiss franc, while the British pound and Canadian dollar also fell against the US dollar. In March, non-farm payrolls in the United States increased by 228,000, exceeding expectations, while the unemployment rate rose to 4.2%. Federal Reserve Chairman Powell warned that the new tariffs would have a significant impact on the economy, causing a rise in market risk aversion.

Last Friday, the US dollar rebounded against a basket of major currencies in the New York foreign exchange market, recovering some of the losses since the Trump administration announced reciprocal tariffs, mainly influenced by stronger-than-expected US non-farm employment growth and recent remarks by the Federal Reserve Chair. The dollar index, which tracks the US dollar against six major currencies, rose 0.93%, settling at 103.023.

• The US dollar appreciated by $0.0096 against the euro, trading at $1.0956 per euro;
• The US dollar appreciated by 0.87 yen, trading at $1 per 146.93 yen;
• The US dollar appreciated by 0.0016 francs, trading at $1 per 0.8608 francs.

At the same time, the euro depreciated by 0.52 yen against the yen, trading at 1 euro for 160.91 yen; the euro depreciated by 0.00639 francs against the franc, trading at 1 euro for 0.94317 francs. The pound depreciated by $0.0213 against the dollar, trading at 1 pound for $1.2887; the Canadian dollar depreciated by $0.0122 against the dollar, trading at 1.4219 Canadian dollars for $1.

Recently released data showed that US non-farm payrolls increased by 228,000 in March, exceeding market expectations of 140,000. The unemployment rate slightly rose to 4.2%, while the February non-farm payrolls were revised down from 151,000 to 117,000. A head of an investment management company stated that although the reference value of the employment data has diminished considering last week's comprehensive tariff actions, the strong jobs report still boosts investor sentiment. The Federal Reserve Chair emphasized that the economic impact of the new tariffs may exceed expectations, and the Fed must ensure this does not lead to further inflationary issues. As China announced a 34% tariff on all US goods starting April 10, global market risk aversion sentiment has sharply increased.