The US dollar expands its downward space on Wednesday Gold prices hit a new historical high before falling sharply
On Wednesday (July 17th), due to signs of weakness in the US economy, expectations of a Federal Reserve interest rate cut rebounded
The 'terrifying data' failed to reverse the expectation of interest rate hikes Gold surges by $40, reaching a new historical high
​On Tuesday (July 16th), due to higher than expected retail sales data, the US dollar index rose to 104.51 at one point.
The market continues to digest US inflation data, and the US dollar fell last Friday Gold closes above $2,400, facing strong resistance for further gains
Last Friday (July 12th), due to the lower than expected US June CPI report data, market expectations for the Federal Reserve's interest rate cut heated up.
Market risk appetite improved, US dollar fell on Wednesday Gold prices are hindered from rising, the market is waiting for the US CPI index
On Wednesday (July 10th), as Powell did not weaken the market's expectation of interest rate cuts, the US dollar index fell to around the 105 level and ultimately closed down slightly by 0.118% at 105
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