CPT MarketsPowell reiterated the statement of slowing inflation to depress the US dollar! Australia's reserve is on schedule...

Dollar index (DXY)：

The US dollar index closed slightly volatile on Tuesday and fell to103.36Nearby, Federal Reserve Chairman Powell reiterated last week's statement that inflation has begun to slow down, stating that he expects inflation to decline significantly this year, putting pressure on the short-term downward trend of the US dollar and retreating from a month high.

Chairman of the Federal Reserve Powell Reiterate the need to bring inflation back to2%It is a huge challenge facing the Federal Reserve. For the US bond market, this will only highlight next TuesdayCPIThe importance of the report means that there is limited room for further decline in returns. With the Federal Reserve6Month and7The swap interest rate linked to the monthly meeting period remains at5.13%The policy peak is expected to be near.

In terms of yesterday's financial event data, the US Bureau of Economic Analysis announced12The monthly trade account improved to-674Billion US dollars, but import volume3176Billion yuan still exceeds exports2502One billion US dollars, reflecting the net outflow of funds into a trade deficit. In addition, the Red Book Research Institute in the United StatesRedbook ResearchStatistics as of2month4The annual retail sales rate for the current week is lower than the previous period to4.3%This indicates a decrease in market demand for retail goods.

From the upward direction, the upper suppression(Upper resistance) 103.30，103.80； From the downward direction, the lower support102.90。

euro/pound (EURGBP)：

The euro rose against the pound on Tuesday and fell back behind, dropping to0.8904Nearby, after last week's Bank of England meeting was seen as a dove like outcome, the market is waiting for further speeches from the central bank officials this week.

Yesterday, the British Prime Minister Sunac A small-scale cabinet reshuffle was carried out and some government departments were split and reorganized. This restructuring involves5A change in position. Downing Street stated that this restructuring is aimed at ensuring a focus on halving inflation, achieving economic growth, and reducing debt.

In terms of yesterday's financial event data, the German Ministry of Economy announced12The monthly industrial output rate has significantly decreased compared to expectations-3.9%and-3.1%The decline of industrial output index indicates that the economy is in a period of shock, and the demand for means of production will probably decrease accordingly. In addition, French customs have announced12The monthly trade account is lower than the previous period to-149.34100 million euros, import value659.3More than 100 million for exports510One billion euros reflects the increasingly severe trade deficit.

From the upward direction, the upper suppression(Upper resistance) 0.8900，0.8940； From the downward direction, the lower support0.8870。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.