Group 1 - The US dollar index continues to rise, reaching 98.91, the highest level since June 23, driven by new trade agreements between the US and the EU, Japan, and a recovering market risk appetite [1] - The dollar has strengthened against major currencies, with the euro experiencing a significant decline, dropping 1.29% in a single day, marking the largest daily drop since mid-May [3] - Recent trade agreements involve substantial commitments, including a 15% tariff on most EU goods in exchange for a $600 billion investment commitment from the EU to the US, and a $550 billion bilateral trade agreement with Japan [3] Group 2 - Market analysts suggest that the recent dollar strength may reflect a technical correction rather than a trend reversal, as the dollar had previously underperformed in the first half of the year [3] - The upcoming Federal Reserve meeting is expected to maintain current policy, but market participants are closely watching for any dovish language regarding inflation and potential rate cuts, which could lead to a reversal of recent dollar gains [4] - The divergence in monetary policy expectations among central banks is influencing the dollar's performance against various currencies, with the Japanese yen showing slight weakness against the dollar [4]

Group 1 - The international gold price is experiencing a strong upward trend, currently quoted at $3421.69 per ounce with a 1.07% increase [1] - Morgan Stanley's global macro strategy head highlights that fluctuating trade policies are driving funds towards safe-haven currencies like the Japanese yen [2] - The market anticipates that the Bank of Japan may have room for policy tightening due to inflation consistently exceeding the 2% target for three years [2] Group 2 - Recent U.S. economic data shows a 0.1% month-on-month increase in the Producer Price Index (PPI) and an increase in initial jobless claims to 1.951 million, the highest since November 2021, reinforcing expectations for a Federal Reserve rate cut in September [2] - The dollar index has reached its lowest level since March 2022, indicating potential continued depreciation pressure on the dollar [2] - Technical analysis indicates that gold prices are likely to rise, with key resistance levels at $3435 and $3500, while support levels are identified at $3399-3393 and $3376-3380 [3]