Core Viewpoint - The US dollar has risen to a near one-week high against a basket of currencies, supported by safe-haven flows, as US traders return from the Presidents' Day holiday [1] Group 1: Market Reactions - US stock index futures have turned lower due to concerns about the potentially disruptive impact of AI on various industries, which has affected risk appetite [1] - Investors are closely monitoring the upcoming Federal Reserve meeting minutes and key economic data releases, including fourth-quarter GDP growth and Personal Consumption Expenditures (PCE) price index, for clues regarding the timing of the next interest rate cut [1] Group 2: Currency Movements - The DXY dollar index reached a high of 97.247 [1]

Core Viewpoint - Gold prices have declined following President Trump's decision to cancel tariffs on several European countries related to Greenland, easing geopolitical concerns that had previously driven gold prices up [1] Group 1: Gold Market - New York gold futures fell by 0.2% to $4,829.10 per ounce, although prices remain above the $4,800 level and are expected to rise by 4% this week [1] - The focus is now on the Personal Consumption Expenditures (PCE) price index data for clues regarding the Federal Reserve's interest rate cut path [1] Group 2: Federal Reserve and Market Expectations - Despite the Federal Reserve indicating a potential rate cut this year, the market continues to reflect expectations for two rate cuts, possibly starting in June or July, with another likely in the fourth quarter [1] - Strong inflation data could boost the dollar and delay rate cut expectations, while weak data may shift focus to a potential rate cut in April [1]