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CPT MarketsThe US Treasury Secretary once again emphasized6Monthly debt ceiling default period! Britain...

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this day gather Jiao US Dollar Index (DXY):






USD Index (DXY):
CPT MarketsThe US Treasury Secretary once again emphasized6Monthly debt ceiling default period! Britain...383 / author:CPT / PostsID:1721251




After a significant surge in the US dollar index on Wednesday, it rose to103.91Nearby, it hit a new two month high, supported by recent signs of resilience of the US economy, while the market turned to safe haven assets due to anxiety about the US debt ceiling negotiations.

Wednesday, US Treasury Secretary Yellen Insist that6At the beginning of the month, it was the deadline for a default on the debt ceiling, and she stated that she would soon update Congress on the government's financial situation. Democratic Party President Biden and Republican House Speaker McCarthy's negotiators have reconvened in an attempt to reach an agreement. In addition, the Board of Governors of the Federal Reserve Waller Indicates that although in the6It is possible to suspend interest rate hikes at the monthly meeting, but it is unlikely to end this cycle of interest rate hikes.

ConveraSenior Market Analyst of the Company in WashingtonJoe  ManimboAs US economic data shows resilience and gives the US dollar an advantage, market expectations of the Federal Reserve starting to cut interest rates soon have weakened. according to5After the release of the minutes of the monthly policy meeting, the market's expectations for the Federal Reserve will be6The bet on raising interest rates at the next meeting in the month has slightly increased. Federal Reserve officials5The need for further interest rate hikes has become uncertain, but other officials have warned that given the risk of sustained inflation, the Federal Reserve needs to maintain its options.

From the upward direction, the upper suppression(Upper resistance) 103.90,104.20; From the downward direction, the lower support103.50。



euro/pound (EURGBP):
CPT MarketsThe US Treasury Secretary once again emphasized6Monthly debt ceiling default period! Britain...486 / author:CPT / PostsID:1721251





After a significant intraday surge against the pound on Wednesday, the euro rose to0.8696Nearby, previous data showed that the slowdown in inflation in the UK was much lower than market expectations.

The European Commission demands that the Spanish government reduce next year's total national budget by more than90Billion euros to ensure Spain's compliance with EU member states' deficit rates not exceeding GDP3%Regulations. EU demands that Spain reduce its share of GDP next year0.7%The budget is equivalent to a reduction of approximately93Expenditures of billions of euros. European Commission Commissioner for Economic Affairs Paul Gentiloni stated that EU member states should maintain caution in public spending to alleviate their public deficits.

In terms of yesterday's financial event data,IfoEconomic Research Institute Announces Germany5The various business indices for the month were generally lower than expected, with both the prosperity and current situation indices falling below expectations91.7and88.6This reflects that companies in the country are somewhat conservative about the future prospects of the market. In terms of inflation data, the UK Office for National Statistics has released4monthCPIThe monthly rate has increased to8.7%and1.2%The core monthly rate has increased year-on-year to6.8%and1.3%The UK Office for National Statistics also announced4The monthly retail price rate is higher than expected11.4%and1.5% (Reporting Index372.8)The core monthly rate has increased to10.4%and1.4%This indicates a significant increase in inflationary pressure in the UK.

From the upward direction, the upper suppression(Upper resistance) 0.8690,0.8720; From the downward direction, the lower support0.8640。

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.






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