CPT Markets : Market digestion of the Federal Reserve's expected interest rate cut this year has weakened the US dollar! Germany...

Today's Focus:

today(04month25day)At the beginning of the Asian market, the US and Australian currencies fell, while other currencies generally rose; The price of gold has declined, butcrude oilShowing an upward trend.foreign exchangeAspect: The US dollar index fell to101.20； EUR/USD up to1.1060； The pound rose against the US dollar to1.2503； The US dollar fell against the Japanese yen to134.16； The US dollar fell to1.3530； The Australian dollar fell against the US dollar to0.6699。 In terms of precious metals:goldFalling to USD1997.32。 In terms of crude oil: Brent crude oil rose to82.62。

USD Index (DXY)：

After a significant decline in the US dollar index on Monday, it opened for consolidation today101.20Nearby, it fell to a low of over a week in generally light trading as the market is still digesting expectations of the Federal Reserve's interest rate cut this year, despite widespread expectations that the Federal Reserve will raise interest rates at next week's policy meeting.

ConveraSenior Market Analyst based in WashingtonJoe  ManimboIt is difficult for the US dollar to consolidate last week's gains as upcoming data may indicate a slowdown in US economic growth and a decrease in inflation, which will strengthen the reason for suspending interest rate actions in the middle of the year. The market generally expects Fed policymakers to raise interest rates again at next week's meeting25Basis points, but they are considered6Interest rate hikes will be suspended in the month. interest ratefuturesThe market has also digested the approximately interest rate cut before the end of the year50The possibility of a basis point.

In terms of yesterday's financial event data, the Chicago Fed of the United States announced3The monthly national activity index improved to-0.19Despite some improvement in economic activity, expansion has shown a slower than average growth rate. In addition, the Federal Reserve Bank of Dallas announced4The monthly manufacturing activity index fell significantly from expectations to-23.4This indicates a significant contraction in the export economic activity of the manufacturing industry.

From the upward direction, the upper suppression(Upper resistance) 101.20，101.70； From the downward direction, the lower support100.90。

euro/pound (EURGBP)：

After closing high and falling against the pound on Monday, the euro hovered around0.8847Up and down, the money market is very calm as traders are waiting for the crucial central bank meeting.

Both the Federal Reserve and the European Central Bank will meet next week. But before that, market participants will carefully study the first quarter of the United StatesGDPAnd personal consumption expensesPCEPrice data, looking for signs of economic tension and evidence of sticky inflation to understand clues to the Federal Reserve's policy path. New YorkBannockburn Global ForexChief Market Strategist forMarc ChandlerThe US dollar is trading within a familiar range. This is the calm before the storm. Next week we will have meetings with the European Central Bank and Federal Reserve, as well as US employment data. It would be surprising if the market places big bets so close to these events. A survey on Monday showed that Germany4Business morale has slightly increased in the month, and Europe's largest economy is expected to avoid the winter economic recession. Belgian central bank president and European Central Bank policy maker, Wen Shi, also made hawkish remarks.

In terms of yesterday's financial event data,IfoAnnounced by economic research institutions4The monthly business indicators are mixed, with lower than expected prosperity and current situation indicators93.6and95However, the expected index is higher than expected to92.2This reflects that the company's view on the market outlook is still on the sidelines.

From the upward direction, the upper suppression(Upper resistance) 0.8840，0.8890； From the downward direction, the lower support0.8800。

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.