【UNFX课堂】外汇市场新常态：宏观数据主导，通胀成关键变量

Group 1 - The global foreign exchange market is experiencing a shift where macroeconomic data, particularly inflation indicators, are becoming the primary drivers of currency movements, overshadowing political rhetoric such as tariff threats [1] - The recent performance of the US dollar illustrates this data-driven characteristic, as its strength is more attributed to fundamental support like rising US Treasury yields rather than political statements [2] - The Canadian dollar is under multiple pressures, including political uncertainty from US tariff threats and upcoming domestic employment data that may reveal economic weaknesses, leading to potential downward risks [3] Group 2 - The euro is facing a unique challenge as its strength, while enhancing its status as a strategic asset, is also eroding the competitiveness of European exporters amid global demand weakness and new tariff risks [4] - The European Central Bank is in a delicate policy dilemma due to the rapid appreciation of the euro, which has implications for its monetary policy considerations [4][5] - The current foreign exchange market is in a cautious wait-and-see mode, with pricing strategies becoming more precise, and the next major movement will depend on whether inflation data alters Federal Reserve policy expectations [6]