Trusted by over 15 Million Traders

The Most Awarded Broker
for a Reason

We offer a superior trading environment that puts traders in the best position to profit.

Get a 50% Bonus up to $250 *Limited-Time Offer

Easy Access to 1,400+ Global Assets

EURUSD

Euro vs U.S. Dollar

US500

S&P 500 (US500)

GOLD

Gold

COFFEE

US Coffee

Apple

Apple (AAPL.OQ)

Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军
Finance Magnates 颁发
Finance Magnates 颁发
Capital Finance International Magazine (CFI.co) 2024年颁赠
COLWMA 2024年颁赠
荣获World Finance Forex Awards 2023最佳外汇客户服务奖
荣获World Finance Forex Awards 2023欧洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023澳大拉西亚最佳外汇经纪商奖
荣获World Finance Forex Awards 2023拉丁美洲最佳外汇经纪商奖
荣获World Finance Forex Awards 2023中东最佳外汇经纪商奖
CFI.co于2023年颁赠
荣获2023年City of London Wealth Management Awards
荣获2022年埃及金融博览会颁赠
荣获2022年City of London Wealth Management Awards
CFI.co于2022年颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
2021年迪拜外汇博览会获颁赠
Ultimate Fintech 2021年颁赠
荣获2021年City of London Wealth Management Awards
FX168于2020年12月颁赠
荣获Global Business Awards 2020
荣获2020年City of London Wealth Management Awards
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
荣获2019年City of London Wealth Management Awards
Shares Magazine 授予 UK Forex Awards 2018
Capital Finance International Magazine (CFI.co)颁赠
Capital Finance International Magazine (CFI.co)颁赠
2017年伦敦财富管理奖
2016最佳本土客户服务
中东和北非地区（MENA）增长最快的经纪商
2015年最佳外汇科技提供商
2014年最佳外汇科技提供商
2014年最佳外汇科技提供商
荣获 The Trading Show 2024年非洲 Africa Fintech 峰会颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年中东地区 Brokersview 颁赠
荣获2024年阿曼 Smart Vision 峰会颁赠
荣获2024年迪拜外汇博览会颁赠
荣获2024年迪拜 Forex Traders Summit 颁赠
2024年埃及 Smart Vision 峰会颁赠
投查查于2024年颁赠
Capital Finance International Magazine (CFI.co) 2024年颁赠
CFI.co于2023年颁赠
CFI.co于2023年颁赠
交易社区平台FOLLOWME于2022年颁赠
2022年迪拜Forex Expo获颁赠
2022年迪拜Forex Expo获颁赠
荣获Global Forex Awards 2022 — 零售外汇颁赠
CFI.co于2022年颁赠
CFI.co于2022年颁赠
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
World Finance Forex Awards 2022 颁发
交易社区平台FOLLOWME于2021年颁赠
2021年埃及Smart Vision Investment Expo博览会获颁赠
CFI.co于2021年颁赠
CFI.co于2021年颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
荣获Global Forex Awards 2021 — 零售外汇颁赠
World Finance 2021颁发
World Finance 2021颁发
FOLLOWME于2021年颁赠
Global Forex Awards 2021 — B2B 颁赠
Global Forex Awards颁赠
Global Forex Awards颁赠
CFI.co于2020年颁赠
CFI.co于2020年颁赠
荣获Global Business Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
World Finance Magazine 颁赠
World Finance Forex Awards 2020
FOLLOWME交易社区授予
Global Forex Awards颁赠
Global Forex Awards颁赠
FinTech Age Awards颁发
World Finance Magazine 颁赠
World Finance Forex Awards 2019
World Finance Magazine 颁赠
World Finance Forex Awards 2019
荣获 World Finance Forex Awards 2018 颁赠
荣获2018年埃及金融博览会颁赠
荣获 Shares Magazine 的 UK Forex Awards 2017 颁赠
荣获 World Finance Forex Awards 2017
2016年最佳黄金经纪商
2016年最佳外汇经纪商
2015年最佳本地客户服务
Global Brands Magazine 颁赠
Online Money Awards 2022 颁发
荣获2022年埃及金融博览会颁赠
2015最佳外汇交易平台
2015最佳金融交易平台
2013最佳创新外汇平台奖
2020年 Cyprus HR Awards 颁赠
金融行业的佼佼者
认证最优金牌级别
2014年首届亚军

Awarded BestBrokerYear After Year

location: Home > News > market analysis

XM Forex Trading Platform

News

market analysis

US dollar index struggles, focusing on G20 Finance Ministers and Central Bank Governors Meeting

Wonderful Introduction:

Only by setting off can you reach your ideals and destinations, only by working hard can you achieve brilliant success, and only by sowing can you gain. Only by pursuing can one taste a dignified person.

Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Market Review]: The US dollar index is struggling, focusing on the G20 Finance Ministers and Central Bank Governors' Meeting". Hope it will be helpful to you! The original content is as follows:

On the Asian session on Monday, the US dollar index fluctuated narrowly. After a calm week after the independence day, the market will resume a more conventional economic data rhythm this week. The June CPI report and New York manufacturing survey will be released Tuesday, followed by June PPI data released on Wednesday. Traders will focus on June retail sales reports, Philadelphia Fed manufacturing survey and weekly unemployment benefits filing data on Thursday. June housing starts and a preliminary survey of consumer confidence at the University of Michigan will be released Friday morning. It is worth mentioning that US President Trump plans to issue a "major statement" on the Russian issue on Monday, and investors also need to pay attention. In addition, the market is concerned about the speeches of several Fed officials, the Fed's Beige Book; speeches by the Bank of England governor and Treasury Secretary, and a two-day meeting of G20 Treasury Secretary and Central Bank governors that began on Thursday (July 17-18).

Analysis of major currencies

Dollar: As of press time, the US dollar index hovered around 97.83, the US dollar rose against major currencies such as the yen and the euro last Friday, and President Trump announced new tariffs on Canada and other trading partners, and trade tensions heated up again. Entering July, the US dollar index rebounded from its year-on-year low of 96.37 (July 1) to around 98.00, ending its two consecutive weeks of decline. The US Treasury yields remained at a high range, and the stable performance of economic data such as non-farm employment in June provided support for the US dollar. According to data from the U.S. Department of Labor, non-farm employment added 206,000 new jobs in June, slightly exceeding market expectations, and the unemployment rate remained at 4.1%, indicating that the US economy remains resilient. Technically, the downward trend of the US dollar has not reversed since February, and the current rebound may be just a technical adjustment. In terms of technical indicators, the relative strength index (RSI) reboundedTo 48, it shows that the buying momentum has recovered, but the average direction index (ADX) has dropped to 13, indicating that the trend momentum is insufficient. The US dollar index is still below the 200-day moving average (103.64) and the 200-week moving average (103.02). The long-term trend is bearish and may fluctuate in the range of 96.30-99.42 in the short term.

Euro: As of press time, the euro/dollar hovered around 1.1687, with the euro falling 0.1% against the US dollar to US$1.1688. On Saturday, Trump said that he would impose 30% tariffs on goods imported from the EU and Mexico from August 1 respectively. Recently, the number of initial unemployment claims announced by the United States has dropped to 227,000, a seven-week low, strengthening the resilience of the US labor market and thus supporting the strengthening of the US dollar. At the same time, the CME interest rate observation tool shows that the market's expectations for the Federal Reserve's interest rate cut in July have dropped to less than 5%, while the expectation of a rate cut in September has also dropped from 72% to 65%. Technically, the EUR/USD fell below 1.1700, but was still above the 20-day simple moving average (SMA) 1.1662. Despite the rebound to current price levels, the pair remained below 1.1700, paving the way for a further downward trend. The first support level will be the 20-day SMA. Once the breakthrough is made, the next target will be 1.1650, followed by the 50-day SMA at 1.1464.

GBP: As of press time, GBP/USD hovered around 1.3501, and GBP fell 0.54% against the US dollar last Friday, hitting a two-week low of $1.35050. Data shows that the UK economy contracted unexpectedly for the second consecutive month in May. The UK will release June CPI data on Wednesday, which has a significant impact on the pound's trend. In the latest interest rate decision, the Bank of England kept the interest rate unchanged, but the results were slightly dovish than expected. Six of the nine policy makers voted to keep interest rates unchanged, while the remaining three chose to cut interest rates by 25 basis points. The Bank of England pointed out that GDP growth remains weak and the labor market continues to relax, showing obvious signs of slack. This prompted traders to increase their rate cut bets, with a 77% chance of a 25 basis point cut for the upcoming August meeting. Another rate cut before the end of the year has been fully priced. Technically, the reversal from the trend resistance level may trigger a larger pullback in the overall uptrend of GBP/USD. The focus of the recent weekly opening range is the breakthrough, which is used as a guide. From a trading perspective, if the pound rises during this period, the decline needs to be limited to 1.3388 and eventually it needs to close above 1.3749 to mark the recovery of the upward trend.

Summary of news from the foreign exchange market

1. Trump plans to increase tax by 200% in Japan's pharmaceutical industry. US President Trump said that he plans to impose tariffs of up to 200% on imported pharmaceuticals and raw materials. Among all the known U.S. tariffs, this tariff rate is the highest, causing high tensions in the Japanese pharmaceutical industry. Data shows that Japan's exports to the United States exceeded 400 billion yen (about 19.65 billion yuan) last year. Among all export countries and regions, exports to the United States accounted for as much as 35.5%, making it the largest export market for Japan's pharmaceuticals. The Japan Pharmaceutical Industry Association has set up a special investigation team in April this year to evaluate the potential impact of US tariff policies on the industry. The association is concerned that if the new tariffs www.xmhouses.come into effect, Japanese pharmaceutical www.xmhouses.companies may face a sharp decline in returns and have to cut their R&D budgets, which may lead to delays in new drug development projects and have a long-term impact on the entire industrial chain.

2. Iran warns the three European countries that if sanctions are resumed, they will be kicked out of nuclear negotiations

European News Agency reported on July 12 that Iranian Foreign Minister Abbas Aragici issued a warning to the three major European countries (Germany, France and the United Kingdom) participating in the currently suspended negotiations on Iran's nuclear program: If the three countries resume sanctions on Iran, it will automatically mean that they will be excluded from any future dialogue on this issue. "The move to restore sanctions will mean the end of Europe's role on the Iranian nuclear issue." Aragic made the above statement to several Iranian ambassadors on the 12th.

3. The United States issued a "tariff ultimatum" to the EU and Mexico, and its allies strongly responded

U.S. President Trump issued two tariff threat letters on the 12th, saying that from August 1, it would impose 30% tariffs on goods imported from the EU and Mexico. The European Union, the largest trading partner of the United States, immediately stated that it would counter it if necessary. So far, Trump has issued tariff conditions to 24 countries and 27 EU member states. Analysts said that the trade turmoil caused by these letters will eventually force American consumers to pay.

4. "Federal Message Bottle": Fed's independence is challenged again, and interest rate cuts are not expected this month. The dispute over the renovation of the building has made a faction within the Trump administration that has long wanted to challenge the Fed's independence even more bold. Treasury Secretary Bescent, and other economic advisers generally advocate maintaining the independence of the Federal Reserve. For example, Becente refused to criticize Trump for the renovation of the building in a recent Fox Business interview. But other advisers and external allies have been exploring legal ways to remove Powell from office since the election. "No one is willing to undergo a major renovation of a historic building during his term, let alone two historic buildings that require extensive renovations," Powell said in his testimony last month. Previously, Trump pushed for lower interest rates on a larger scale to reduce government borrowing costs. The Fed is not expected to cut interest rates later this month, but Powell has already suggested if inflation performs well or the labor marketWeakness, a rate cut could be expected later this year. Trump hopes to reduce the debt service cost of the federal deficit, and his tax cuts could expand the federal deficit. But outside extreme situations such as war, central banks in developed economies will resist such pressure. They believe that stabilizing inflation is crucial to maintaining confidence in the country's currency.

5. Ukrainian parliamentarian: The United States partially restores aid to Ukraine, but the total volume has been reduced by 90%. Ukrainian parliament member Alexander Dubinsky (detained in a pre-trial detention center for suspected treason) said in an interview that the United States has allocated only US$300 million, accounting for less than 10% of the promised US$3.8 billion. Dubinsky posted on Telegram: "Look at how the 'victory' of US military aid works. First, cut off the aid to force Zelensky to accept the United States' view on further negotiations with Russia. After receiving the relevant signal, US$300 million in aid was thawed, while the previously agreed total military aid was $3.8 billion." The parliamentarian pointed out that the restored aid accounts for less than 10% of the total possible aid. He stressed that this is equivalent to a 90% reduction in aid.

Institutional View

1. Institutional: The U.S. bond market has not yet been fully priced. Risk events of the replacement of Federal Reserve Chairman

Natixis analyst John Briggs said that the White House’s increasing pressure on Powell has not been fully priced by the U.S. bond market. Investors are pricing this year's rate cuts, which has pushed down short-term yields. The faster rise in long-term yields is often attributed to concerns about the U.S. fiscal deficit. “Unless we can better understand Trump’s preference for the next Fed chair, I don’t think the market will be affected in pricing,” Briggs said. Powell has shown that he will remain in office until the end of his term in May. Trump is expected to pick a more dovish successor.

2. Bank of Montreal: U.S.-Canada trade negotiations are inevitable to avoid durable tariffs

Robert Kaffsic, an economist at the Bank of Montreal, Canada, said that Trump's letter to Canadian Prime Minister Carney on trade shows that no matter the outcome of the Trump-Carney talks, the situation of the United States imposing tariffs on Canadian imports will continue. Trump warned in his letter that if Canadian imports do not www.xmhouses.comply with existing US-Mexico-Canada agreements, he would face higher tariffs of up to 35%, and imply that tariffs targeting specific industries would also continue to exist. Trump also mentioned that if Canada cooperates more with Washington in curbing fentanyl smuggling, he may consider adjusting tariff levels. Kavsic pointed out: "It seems that the final result is increasingly unlikely to be a situation without some kind of lasting tariffs."

3. Bank of America: The Bank of England may slow down quantitative tightening in October

Bank of America's interest rate strategists pointed out in a report that the Bank of England may slow down the pace of quantitative tightening from October, reducing the annual Treasury bond reduction from the current £100 billion to £60 billion. Bank of America says slows down quantitativeThe pace of tightening may be due to the fact that the operation is tightening the monetary policy environment, putting additional pressure on the economy. Therefore, adjusting the pace will help alleviate its impact on financial conditions and economic growth.

The above content is all about "[XM Foreign Exchange Market Review]: The US dollar index struggles, focusing on the meeting of G20 Finance Ministers and Central Bank Governors". It was carefully www.xmhouses.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!

After doing something, there will always be experience and lessons. In order to facilitate future work, we must analyze, study, summarize and concentrate the experience and lessons of previous work, and raise it to the theoretical level to understand it.

Unless otherwise specified, all articles are original creations of this websiteIf reproduced, please indicate the source: XM Forex

Article address:https://www.xmhouses.com/en/news/26514.html

Previous：Gold first, silver, the rise is fulfilled as scheduled Next：Powell's "dismissal crisis" has reappeared, and a new round of Gaza ceasefire negotiations are "on the verge of collapse"

Disclaimers: XM Group only provides execution services and access permissions for online trading platforms, and allows individuals to view and/or use the website or the content provided on the website, but has no intention of making any changes or extensions, nor will it change or extend its services and access permissions. All access and usage permissions will be subject to the following terms and conditions: (i) Terms and conditions; (ii) Risk warning; And (iii) a complete disclaimer. Please note that all information provided on the website is for general informational purposes only. In addition, the content of all XM online trading platforms does not constitute, and cannot be used for any unauthorized financial market trading invitations and/or invitations. Financial market transactions pose significant risks to your investment capital.

All materials published on online trading platforms are only intended for educational/informational purposes and do not include or should be considered for financial, investment tax, or trading related consulting and advice, or transaction price records, or any financial product or non invitation related trading offers or invitations.

All content provided by XM and third-party suppliers on this website, including opinions, news, research, analysis, prices, other information, and third-party website links, remains unchanged and is provided as general market commentary rather than investment advice. All materials published on online trading platforms are only for educational/informational purposes and do not include or should be considered as applicable to financial, investment tax, or trading related advice and recommendations, or transaction price records, or any financial product or non invitation related financial offers or invitations. Please ensure that you have read and fully understood the information on XM's non independent investment research tips and risk warnings. For more details, please click here

Trusted by over 15 Million Traders

The Most Awarded Broker
for a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

US dollar index struggles, focusing on G20 Finance Ministers and Central Bank Governors Meeting

Analysis of major currencies

2. Iran warns the three European countries that if sanctions are resumed, they will be kicked out of nuclear negotiations

3. The United States issued a "tariff ultimatum" to the EU and Mexico, and its allies strongly responded

Institutional View

1. Institutional: The U.S. bond market has not yet been fully priced. Risk events of the replacement of Federal Reserve Chairman

2. Bank of Montreal: U.S.-Canada trade negotiations are inevitable to avoid durable tariffs

3. Bank of America: The Bank of England may slow down quantitative tightening in October

Related News

Trusted by over 15 Million Traders

The Most Awarded Brokerfor a Reason

Easy Access to 1,400+ Global Assets

XM Forex Trading Platform

CATEGORIES

News

market analysis

US dollar index struggles, focusing on G20 Finance Ministers and Central Bank Governors Meeting

Analysis of major currencies

2. Iran warns the three European countries that if sanctions are resumed, they will be kicked out of nuclear negotiations

3. The United States issued a "tariff ultimatum" to the EU and Mexico, and its allies strongly responded

Institutional View

1. Institutional: The U.S. bond market has not yet been fully priced. Risk events of the replacement of Federal Reserve Chairman

2. Bank of Montreal: U.S.-Canada trade negotiations are inevitable to avoid durable tariffs

3. Bank of America: The Bank of England may slow down quantitative tightening in October

Related News

The Most Awarded Broker
for a Reason