【中金外汇 · 周报】美元重回偏弱态势

Group 1 - The US dollar index experienced a decline of approximately 1% last week, with most major currencies appreciating against the dollar [2][3][22] - The Chinese yuan appreciated slightly by 0.2% against the dollar, although it showed a small depreciation against a basket of currencies [3][12][9] - The Australian and Norwegian central banks are expected to lower interest rates and maintain rates, respectively, while the US dollar remains in a low volatility range [2][18] Group 2 - The US economic data released last week indicated a weakening labor market, with the ISM non-manufacturing index at 50.1, below expectations [21][22] - The market anticipates that the upcoming US inflation and retail sales data will significantly influence the Federal Reserve's interest rate decisions [18][19] - The euro appreciated by 0.47% last week, supported by weaker US economic data and ongoing negotiations between the US and Russia regarding Ukraine [19][20] Group 3 - China's exports in July grew by 7.2% year-on-year, exceeding expectations, primarily driven by increased exports to non-US countries [12][18] - The Chinese yuan's exchange rate is expected to remain stable, influenced by the recent performance of the middle rate and overall market conditions [9][18] - The Japanese yen depreciated by 0.23% against the dollar last week, reflecting a weaker performance among G10 currencies [3][34]