CPT MarketsThe Federal Reserve's unchanged interest rates raise expectations for the end of the interest rate hike cycle!...

USD Index (DXY)：

The US dollar index opened today with a drop to106.46Nearby, as the Federal Reserve maintains interest rates unchanged, there is increased hope that the interest rate hike cycle may end, leading to gains in the US stock market and bonds. The decline in US bond yields has weighed on the US dollar, causing it to weaken against major currencies.

Federal Reserve Chairman Jerome Powell opened the door to further interest rate hikes in the central bank's decision on Wednesday, but he pointed out that the financial situation has significantly tightened in recent months, driven by factors such as rising long-term bond yields.ING Financial Markets LLCChief International EconomistJames KnightleyWe do not expect further interest rate hikes this cycle. The rising borrowing costs for households and businesses are beginning to have an impact. In addition, the decline in US Treasury yields on Wednesday,10Decline in annual benchmark interest rate20This move was initially triggered by the US Treasury Department's plan to slow down the growth rate of long-term bond sales. The US Treasury Department has announced that it will sell at next week's quarterly refund auction1120A long-term securities worth billions of dollars, slightly lower than the expectations of major traders. The decline in US bond yields has suppressed the US dollar, causing it to weaken and fluctuate.

In terms of financial event data yesterday, the US employment data depicted a mixed picture. American Automatic Data Processing CompanyADPpublish10The change in monthly employment is lower than expected11.3Wan, indicating a slowdown in the growth of labor employment. Additionally, the United StatesJOLTspublish9The monthly job vacancy has increased compared to expectations955.3Ten thousand positions indicate a significant release of job vacancies and talent seeking opportunities in the enterprise. In addition, the American Association for Supply ManagementISMpublish10Monthly manufacturing industryPMIDown to46.7Among them, the output, employment, and new order index are all lower than the previous period, reflecting a contraction and growth in manufacturing activity.

From the upward direction, the upper suppression(Upper resistance) 106.40，106.90； From the downward direction, the lower support106.00。

euro/GBP (EURGBP)：

After a mixed day of gains and losses on Wednesday, the euro fell to0.8691Nearby, as concerns about an economic slowdown intensify, it is expected that the Bank of England will maintain interest rate stability. Along with the Federal Reserve's monetary policy meeting and ongoing tensions in the Middle East, the attractiveness of risk perception assets weakens, and the pound remains on the defensive.

On Wednesday, due to the market waiting for the Joint Board of Directors meetingFedAnd the Bank of EnglandBoEThe monetary policy decision resulted in a mediocre performance of the pound. Due to market expectations that the Bank of England will maintain interest rates unchanged, the GBP/USD exchange rate remains tight. The short-term demand for the pound appears fragile as the market seems to believe that the Bank of England will maintain interest rates unchanged, due to concerns about a slowdown in the UK economy, thus freeing itself from the still stubborn price pressure. In addition to monetary policy decisions, the market will also focus on guiding future interest rates and inflation prospects. British Prime Minister Sunak has made significant progress this year1The monthly pledge is to halve the inflation rate to5.4%This commitment seems quite challenging because9The annual growth rate of UK prices per month is6.7%, from7There has been little change since the beginning of the month.

In terms of data from yesterday's financial events, market research institutionsMarkitAnnounce UK10Monthly manufacturing industryPMIDown to44.8This reflects the fluctuation and contraction of manufacturing activities in the country.

From the upward direction, the upper suppression(Upper resistance) 0.8690，0.8720； From the downward direction, the lower support0.8650。

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.