European session on Thursday (October 27), the surge fell back to 109.67, down 0.04%.
The index fell on rising expectations of a slower rate hike in December.
The analysis suggests that the decline in yields is related to the possibility of the Federal Reserve slowing the pace of interest rate hikes.
After raising rates in September, Fed officials have been sending hawkish signals about the need for higher rates to curb inflation, but investors have grown increasingly worried that they will lead to a recession.
A series of recent economic data have shown signs of gloom. On October 24, the S&P Global PMI came out with a preliminary reading of 47.3 for October, down from the previous month. The index, which measures manufacturing and services activity, showed contraction.
In the second half of next year, with the Federal Reserve’s shift to pigeon, the misalignment of policies in China, the United States, Europe and Japan will be repaired, and the pattern of stagflation will be alleviated at the margin. The global economy may usher in a wave of “minor spring”, which will benefit many stocks and debt assets.
Usd index resistance: 110.30/50(strong resistance on the day, short term again stop the fall set the standard) Support: 109.50(key support on the day),108.50/80
