The U.S. dollar index rose 0.27% to 93.47, and fell by 0.25% after the Fed’s statement, marking the biggest drop in nearly two weeks. Powell said at a press conference that asset purchases were "necessary" at the beginning of the crisis; as the economic recovery progresses and overall demand is supported, they are now much less useful.

Marc Chandler, chief market strategist at Bannockburn Global, said that this is faster than many people expected, but maximizing flexibility seems reasonable. The statement read by the market is dovish, while Powell's speech is more hawkish. John Velis, a strategist at the Bank of New York Mellon, said traders have also heard more hawkish flavors from Powell. He admitted that "soon" could mean the earliest next meeting, and he hinted that the underweight should end in the middle of next year. . Steven Violin, the portfolio manager of FLPutnam Investment Management Company, said that from now on, it is very likely that debt purchases will be gradually reduced from November, but this is uncertain. If various risks arise, this still has to meet many thresholds. Conditions and risks include the federal debt ceiling debate and the outlook for the new crown epidemic.

The exchange rate of the euro against the dollar fell below $1.17 for the first time in a month; it fell 0.33% to 1.1685, the lowest since August 20; within a few minutes after the Federal Reserve statement was issued, the exchange rate fluctuated, reaching intraday highs and lows ; Traders weighed the ambiguity of the Fed's statement that it is about to start a code reduction and the dot plot showing that FOMC members have evenly matched views on whether to raise interest rates next year.

After the Bank of Japan decided to keep the policy unchanged, the dollar rose 0.50% to 109.78 against the yen, the largest increase since early June; the Japanese market will be closed for a public holiday on Thursday.

The pound fell 0.27% to 1.3622 against the US dollar, and fell 0.34% earlier to a one-month low of 1.3610; the Bank of England will announce its policy decision on Thursday, and investors have postponed the Bank of England’s interest rate hike expectations.

The US dollar against the Canadian dollar narrowed its decline to 0.37% to 1.2772. The Australian dollar rose 0.22% to 0.7247 against the US dollar; the New Zealand dollar rose 0.06% to 0.7009 against the US dollar.

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