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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: Trump suddenly spread the major news of "China-US tariff negotiations"!, the US dollar index is below the 100 mark." Hope it will be helpful to you! The original content is as follows:
On April 25, early trading in Asian market on Friday, Beijing time, the US dollar index hovered around 99.55. On Thursday, the U.S. dollar index fell back as Fed speeches pushed expectations for interest rate cuts to heat up, and eventually closed down 0.611% at 99.29. U.S. Treasury yields fell, with the benchmark 10-year U.S. Treasury yields closed at 4.325%; and the two-year U.S. Treasury yields, which are more sensitive to monetary policy, closed at 3.805%. Boosted by the dollar's decline and buying on dips, spot gold rebounded sharply, hitting a high of $3367.32/ounce, and finally closed up 1.84% at $3348.73/ounce. Spot silver fluctuated sideways above the 33 mark and finally closed up 0.02% at $33.59 per ounce. International crude oil rose slightly under the influence of the complex macro environment and geopolitical factors. WTI crude oil once stood above the 63 mark and finally closed up 0.76% to $62.62 per barrel; Brent crude oil closed up 0.63% to $65.66 per barrel.
Dollar Index: As of press time, the US dollar index hovers around 99.55. U.S. durable goods orders surged by 9.2%, driven mainly by aircraft orders, but core orders remained stable. The number of people applying for unemployment benefits for the first time rose to 222,000; the number of people applying for unemployment benefits fell to 1.841,000, which added mixed labor signals. Fed officials said interest rates will be cut in June if the recession signal is intensified, sparking hopes for loose policies. Technically, if the U.S. dollar index closes below 50MA at 99.30, it will go to the nearest support level 98.80–99.00 range move.
On the Asian session on Friday, gold trading around 3356.13. Market sentiment remains optimistic, with Wall Street recording earnings. While traders seem to be relieved that Trump is willing to reach a deal with Beijing, China has taken a tough stance to demand the removal of all "unilateral" U.S. tariffs and clarified that they have not yet negotiated with the U.S. government.
On Friday, crude oil trading was around 62.85. OPEC+ and its allies (OPEC+) members are likely to push for increased production in June and increase global supply, which could put pressure on crude oil prices. The signals released by the Sino-US trade negotiations have mixed emotions, bringing uncertainty. Crude oil futures stabilized near the key price of $63.06 after a sharp drop, but traders are ready for the reappearance of volatility and market volatility.
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