The US dollar index continues to be under pressure this trading day

Huitong Network3month1Daily News - The US dollar index continues to be under pressure this trading day, quickly breaking through key levels101The key is the US Treasury yield, which performs similarly.
The US dollar index experienced intraday volatility, with the US2Consumer confidence creation in the month16New Year High
In fact, despite the excellent performance of US economic data, US bond yields are still hitting intraday lows. Due to the American people's greater optimism about the current and future economic situation, the United States2Consumer confidence rose in the month2001year7The highest level since the beginning of the month; Actual in the fourth quarter of last year in the United StatesGDPYearly quarterly rate recorded1.9%, unchanged from the previous quarter, but lower than expected2.1%。
The US dollar index experienced intraday volatility, with the US2Consumer confidence creation in the month16New Year High
US consumer confidence has risen for the third time in the past four months, but the real test of the US economy will be how the subsequent progress in actual spending will be. Although companies continue to expand their workforce, the rate of salary growth has been relatively slow, especially at the current point in the business cycle. While members of Congress are considering ways to boost the economy, the American people are still waiting for specific measures introduced by Washington.

Federal Reserve3The market expectation of a rate hike at the monthly meeting has lost momentum, causing the US dollar to continuously test its intraday position during trading.

The future price movement of the US dollar is expected to depend entirely on Trump's congressional speech and the prevailing market sentiment. Trump's State of the Union address on Wednesday will serve as a catalyst, having a significant impact on the recent trend of the US dollar. Market participants seem to have changed their Federal Reserve's stance on5The view that monthly interest rate hikes are more appropriate.
Federal Reservehttp://news.fx678.com/news/keywords/fed.shtml