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The US dollar has fallen below the 103 mark, and the US reciprocal tariffs are about to take effect!
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Official Website]: The US dollar falls below the 103 mark, and the US reciprocal tariffs will xm-links.come into effect soon!". Hope it will be helpful to you! The original content is as follows:
On April 9, in the early trading of Asia on Wednesday, Beijing time, the US dollar index hovered around 102.67. On Tuesday, the US dollar index fell and fell below the 103 mark, eventually closing down 0.51% to 102.97. The benchmark 10-year U.S. Treasury yield closed at 4.304%; the two-year U.S. Treasury yield closed at 3.738%. Spot gold continued to rise and fall during the day. It once rebounded above the $3020 mark before the US session, and then gave up all the gains, falling again to $3000 mark, falling to $2974.76, and finally closed flat at $2982.56/ounce. Spot silver closed down 0.85% at $29.73 per ounce. International oil prices continued to fall, falling 4% again. WTI crude oil fell by more than 5% during the session, hitting a new low since April 12, 2021, and finally closed down 4.74% at $57.86 per barrel; Brent crude oil closed down 4.52% at $61.33 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovers around 102.67. Last week's optimistic labor market data boosted sentiment and helped the index rebound from its recent lows. Investors welcomed the statement made by the U.S. Trade Representative (USTR) Jamison Greer on the Senate Finance xm-links.committee, saying the U.S. is in talks with nearly 50 countries. Technically, if the US dollar index closes below the 103.00 level, it will move towards the nearest support level, which is in the range of 101.70–101.90.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
Which trading was conducted in Asian session on Wednesday, gold trading around 2981.27. In the previous trading day, gold prices rebounded and surged to $3022 during the session, but was dragged down by rising US Treasury yields and falling US stocks, and finally gave up the gains and closed around 2982. Although the weakening of the US dollar and trade tensions provided safe-haven support for gold, the market's concerns about weak demand for US Treasury bidding, the prospect of the Federal Reserve's policy and intensified stock market volatility still dominate short-term sentiment.
2) Analysis of crude oil market trends
On Wednesday, crude oil trading was around 57.23. International crude oil prices fell sharply. Despite a rebound in global stock markets, concerns about a global recession caused by the escalation of Sino-US trade conflict dominated market sentiment, causing oil prices to fall to their lowest level in four years. According to White House officials, the United States will impose 104% tariffs on imported goods from China from the early hours of Wednesday because China has not withdrawn its 34% counter-tariff before Trump's noon deadline set by Tuesday.
2025年4月9日外汇市场交易提醒
10:00新西兰至4月9日联储利率决定
12:01美国对等关税正式生效
14:15日本央行行长植田和男发表讲话
22:00美国2月批发销售月率
22:30美国至4月4日当周EIA原油库存
22:30美国至4月4日当周EIA库欣原油库存
22:30美国至4月4日当周EIA战略石油储备库存
次日00:30美联储巴尔金参加对话活动
次日01:00美国至4月9日10年期国债竞拍-得标利率
次日01:00美国至4月9日10年期国债竞拍-投标倍数
次日02:00美联储公布3月货币政策会议纪要
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