2023The euro fell against the US dollar for the fourth consecutive week in:Zhou Zhanwang Neutral

The euro has gone through a difficult week and is expected to end lower this week. On Tuesday, Italy unexpectedly announced a windfall tax on banks, leading to a significant decline in the currency pair. In Italy, the President guarantees that taxes will not exceed the total assets of banks0.1%Afterwards, the price rebounded the next day. Subsequently, inflation in the United States slightly increased, and the market seemed satisfied with this, but after experiencing fluctuating daily fluctuations, the currency was close to flat on the day.

PPIUp0.8%Last month's increase was0.2%. According to a Reuters survey of economists, it is expected thatPPIMonth on month growth0.2%, year-on-year growth0.7%. After the data was released, the yield of US government bonds also rose, leading to the overall rise of the US dollar against non US currencies.

In the coming week, there will be a significant reduction in high-risk events, with only the European Union and GermanyZEWThe prosperity judgment index has performed outstandingly.7Final inflation data for the month and the second quarterGDPThe second estimate is unlikely to have a significant impact on the market unless there are significant differences between these data and previous data.

The weekly chart shows a relatively long-term upward trend, which is developing in a rather unstable manner and is currently declining, but in the1.0930Stagnate horizontally. If the bearish direction extends,1.0833Will become the next level worth paying attention to(This level corresponds to6Month end and7Weekly low point at the beginning of the month)。