Investors chase risks Last Friday, the US dollar fell under pressure

22 Jan, 2024

Investors chase risks Last Friday, the US dollar fell under pressure

Last Friday, the US dollar index took a breather after five consecutive trading days of gains, but remained strong above the 103 level, ultimately closing 0.18% lower at 103.23; The 10-year US Treasury yield briefly rose to around 4.2%, but ultimately failed to reach this level and closed at 4.130%; The two-year US Treasury yield, which is more sensitive to the Federal Reserve's policy interest rates, closed at 4.388%.

Last Friday (January 19th), due to recent strong US economic data prompting traders to reconsider their bets on the prospect of interest rate cuts, spot gold slightly rose, but gold recorded its largest weekly decline since early December last year.

International crude oil is showing a roller coaster trend. WTI crude oil rose significantly during the US session and briefly reached an intraday high of $74.59, but then gave up all gains and turned down, ultimately closing down 0.56% at $73.38 per barrel; Brent crude oil fell 0.34% to $78.65 per barrel.

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