Market Overview - Global market trading atmosphere is cautious due to escalating tensions in the Middle East and uncertainty surrounding the Federal Reserve's monetary policy decisions [1] - Investors are adopting a wait-and-see approach towards stock and currency markets [1] Currency Performance - The US dollar index has seen a weekly decline of -1.14% [3] - The GBP/USD pair performed the worst in the week with a decline of -0.79%, despite the GBP reaching a high of around 1.35, supported by weak dollar performance and rising UK inflation [3] - The EUR/USD pair also experienced a notable weekly decline of -0.37%, with the euro remaining in a medium-term upward trend [3] Economic Indicators - US retail sales data has shown weakness, leading to close monitoring of the Federal Reserve's "dot plot" for clues on potential interest rate cuts [1] - In the Eurozone, May inflation data showed a year-on-year increase of 1.9%, aligning with market expectations, while core inflation rose by 2.4% [6] - Japan's overall inflation rate has risen to 3.6%, significantly above the Bank of Japan's target of 2% [8] Central Bank Policies - The Federal Reserve is expected to maintain current interest rates but will update economic and interest rate forecasts [1] - The Bank of England is anticipated to keep rates unchanged, despite high core inflation levels [3] - The Bank of Japan has decided to maintain current rates, reflecting a cautious monetary policy stance amid external uncertainties [7]
全球市场观望情绪浓厚,欧元震荡、日元疲软
Xin Hua Cai Jing·2025-06-18 12:09