CPT Markets: USACPIData cooling suggests entering the era of de inflation! USD touch...

USD Index (DXY)：

The US dollar index fluctuated and fell below last Friday100Pass to99.86Nearby, due to the overall decline in inflation data last week, the expectation that the Federal Reserve will only raise interest rates once again this year has been boosted, which has further weakened the downward volatility of the US dollar.

Last week's anticipated United States6Monthly consumer price indexCPISet the smallest year-on-year increase in over two years3%, indicating further decline in inflation, coreCPIAlso recorded2021year8The smallest month on month increase since the beginning of the month. United States6Monthly Producer Price IndexPPIThere was almost no increase, with the smallest year-on-year growth rate in nearly three years, further proving that the US economy has entered an era of de inflation. Traders see the unexpected slowdown in US inflation as a signal that the US interest rate hike cycle will basically end before the end of the month, indicating a possible trend shift in the US dollar. interest ratefuturesPrice display, market expectations for the Federal Reserve7month25-26The possibility of raising interest rates at the Japanese policy meeting is approximately92%But there will be no further interest rate hikes until next year's rate cut. However, Federal Reserve officials remain cautious, with Federal Reserve directors among them Waller He expressed that he does not believe that the United States has solved the inflation problem, and he supports the Federal Reserve to hold two separate meetings this year25A basis point interest rate hike.

In terms of financial event data last Friday, the University of Michigan in the United States announced7The monthly consumer confidence index has significantly increased to72.6Both the expected and current situation indices are higher than expected69.4and77.5The increase in consumer confidence reflects the strengthening of economic growth.

From the upward direction, the upper suppression(Upper resistance) 99.80，100.20； From the downward direction, the lower support99.40。

euro/pound (EURGBP)：

After a slight increase in the euro against the pound last Friday, the consolidation was0.8573Nearby, the short-term volatility of the euro was supported by the easing of expectations for the Federal Reserve's interest rate hike last week due to the decline in inflation data and the European Central Bank's expected stance on combating inflation.

Economists at Commerzbank in Germany analyze that stubborn inflation continues to cause strong concerns from the European Central Bank, and the market is very cautious about pricing the ECB's interest rate cuts. Recent inflation data indicates that the European Central Bank will have to take more measures or maintain restrictive monetary policies for a longer period of time. Even though some dovish members of the European Central Bank's board of directors have recently commented, the data points in another direction. On the other hand, stress tests of the Bank of England's banking system have shown that the largest banks in the UK have sufficient capital to withstand potential economic crises, which strengthens bets on further interest rate hikes by the Bank of England in the future. The money market expects the Bank of England's benchmark interest rate to be set next year3Monthly6.3%Peak value of.

In terms of financial event data last Friday, the Eurostat released the Eurozone5The monthly trade account has significantly increased to-9Billion euros, with Italian data particularly rising to47.11Despite the net outflow of funds, there has been a significant increase in exports of billions of euros. In addition, the German Federal Bureau of StatisticsDestatispublish6The monthly wholesale price index has a mixed monthly rate, decreasing to-2.9%And rise to-0.2%。

From the upward direction, the upper suppression(Upper resistance) 0.8570，0.8610； From the downward direction, the lower support0.8530。

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.