DLSM外汇平台：周一美元走强是否只是关税麻木症的短暂幻觉？

Core Viewpoint - The market's muted response to Trump's latest tariff announcements suggests a growing "policy fatigue" among investors, raising questions about whether this reflects market rationality or a desensitization to structural risks [3][4]. Group 1: Currency Market Reactions - The US dollar strengthened against a basket of major currencies, reaching a three-week high at an index of 98.07, while the euro fell to 1.1649 USD [3]. - The Mexican peso depreciated by 0.39% against the dollar, indicating its heightened sensitivity to trade policies compared to developed markets [4]. Group 2: Impact of Tariff Announcements - Trump's announcement of a 30% tariff on imports from the EU and Mexico, effective August 1, continues his aggressive trade stance, but the market's volatility has been limited [3]. - The ongoing trade threats from Trump are altering global monetary policy decision-making, with European Central Bank officials acknowledging that tariff threats are interfering with their interest rate policy assessments [3][4]. Group 3: Economic Indicators and Monetary Policy - Market focus is shifting towards upcoming US inflation data, with expectations for an annual rate of 2.7% and core inflation at 3.0% [3]. - The current dollar rebound is seen as a technical correction rather than a trend reversal, supported by rising US Treasury yields, while the probability of a 50 basis point rate cut by the Federal Reserve by year-end continues to increase [4].