【今日单词】allurenounthe quality of being powerfully and mysteriously attractive or fascinating."people for whom gold holds no allure"-----------------------原文如下:The day in the marketsby Chris Flood and Nikou Asgari(来自:The Financial Time 金融时报)What you need to know• Dollar rises to highest level since 2002 as pound and euro retreat• S&P 500 climbs a further 0.6% while Nasdaq Composite gains 0.5%The dollar hit a new 20-year high yesterday as investors braced themselves for an interest rate decision by the US Federal Reserve.An index measuring the greenback against six peers rose almost 0.8 per cent to its highest level since 2002. The pound fell 0.4 per cent to $1.133 and the euro lost 0.9 per cent to consolidate below parity at $0.988. An MSCI index of emerging market currencies slipped 0.3 per cent.Those moves came ahead of the conclusion of the latest meeting of the US central bank yesterday, where rate-setters were expected to raise borrowing costs 0.75 percentage points — marking the third consecutive increase of such magnitude. The Fed’s current target range stands at 2.25 to 2.5 per cent.Victoria Scholar, head of investment at the fund supermarket Interactive Investor, said that a combination of haven demand and the Fed’s expected rate rise were driving demand for the dollar against most major currencies.“The dollar is rallying more aggressively against the euro than the pound given that the Bank of England on Thursday is expected to follow the Fed with a similarly hawkish rate increase. The interest rate differential allure of the dollar post the Fed is only likely to last one day against the pound if we see a similar [0.75 percentage point] hike from the Bank of England.”Wall Street’s S&P 500 share gauge was up 0.6 per cent by the late morning in New York, after closing the previous session 1.1 per cent lower. The Nasdaq Composite rose 0.5 per cent. In Europe, the regional Stoxx 600 rose 0.9 per cent and London’s FTSE 100 rose 0.6 per cent.Earlier in the day, Hong Kong’s Hang Seng index slid 1.8 per cent and Japan’s Topix lost 1.4 per cent.In government debt markets, the two-year US Treasury yield added 0.04 percentage points to hit 4 per cent for the first time since 2007, extending gains from the previous session. The yield on the 10-year Treasury note was steady at 3.56 per cent, close to an 11-year high.John Velis, foreign exchange strategist for the Americas at BNY Mellon, said he expected the Fed would raise interest rates as high as 5 per cent early next year, above the 4 per cent peak currently priced in by market. The Fed’s new forecasts would probably imply “a sustained period of high interest rates” instead of a quick “pivot” to monetary easing early next year, he said.
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