Group 1 - The dollar index experienced slight downward pressure after a previous rise due to strong economic data and rising U.S. Treasury yields, with market participants focusing on key events such as Fed Chair Powell's speech and the upcoming core PCE index release [1] - The Federal Reserve's recent interest rate cut did not open the door for a broader easing cycle, as internal cautious voices emerged, indicating limited space for further rate cuts due to ongoing concerns about inflation risks and a still accommodative financial environment [3] - The U.S. Treasury market remained stable, with minor yield changes, as the market awaited clearer data signals, with predictions suggesting that the core PCE data may be weaker than previously feared, potentially providing the Fed with more reasons to remain on hold [4] Group 2 - From a technical analysis perspective, the dollar index is at a sensitive point, showing signs of a bearish reversal pattern as it tests a key resistance level, which could lead to a downward adjustment if confirmed [5] - The recent dollar pullback provided a brief respite for other major currencies, such as the British pound, which saw a slight increase; however, the pound's rebound is constrained by significant domestic fiscal challenges and market pessimism regarding upcoming PMI data [7] - The dollar index is likely to enter a consolidation phase in the short term, with its next directional choice heavily influenced by the upcoming PCE data and Powell's speech, as the market navigates a tug-of-war between economic data and central bank policy expectations [8]
DLS MARKETS:美元指数陷于数据与政策拉锯战,市场静待PCE与鲍威尔定调
Sou Hu Cai Jing·2025-09-23 02:41