Traders have increased their bets that the Federal Reserve will cut interest rates next month, causing the US dollar to weaken on Thursday; Safe haven capital inflows, gold prices hit five week high
On Thursday, the US dollar index fluctuated and fell, rebounding during trading due to better than expected US GDP and initial application data
The selection of the Federal Reserve Chairman will be announced in the golden autumn, and the US dollar showed a trend of rising and falling on Wednesday, with safe haven support for gold prices approaching $3400
On Wednesday, the US dollar index showed an inverted V trend, ultimately closing slightly down 0.06% at 98.147. The yield of US Treasury bonds generally fell
Concerns about the independence of the Federal Reserve boosted safe haven demand, causing the US dollar to weaken slightly on Tuesday and gold prices to hit a half month high
On Tuesday, due to Trump's attempt to dismiss Federal Reserve Governor Cook, which raised concerns in the market about central bank independence
The prospect of the Federal Reserve's September interest rate cut remains uncertain, with the US dollar rising on Monday to record its largest daily increase in nearly a month, and gold prices under pressure to slightly fall and consolidate
On Monday, as the market's optimism about the prospect of interest rate cuts subsided, the US dollar index rebounded and returned above the 98 level, ultimately closing up 0.71% at 98.394.
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