Yesterday, USD index continued to fall, and at its lowest point almost fell below 110 points. The facts once again prove that is caused by the American yuan . When the US dollar fell, other assets rose sharply.
Yesterday, the stock markets in Asia, Europe and the United States rose sharply!
RMB, euro, pound and other non-US currencies rose sharply!
Gold and oil also broke through the previous lows and showed a sharp rise!
01, the RMB rose 2300 points
At 5 am today, offshore RMB closed up 630 points from the closing price of the previous trading day, and finally closed at 7.0416.
Then morning market opened , and the RMB continued to rise, currently at 7.0356.
In just 5 trading days, the RMB has seen a significant counter-trend rise. The RMB's offshore exchange rate against the US dollar fell below 7.26 last week when its lowest rate against the US dollar, but it has risen back to 7.03.
In this 5 days , the RMB has risen by 1300 points.
also rose, including the British pound, which has returned to 1.145, and the euro is also rising, which is currently very close to 1.0, but the performance of the yen is not very ideal, and it is still above 144.
Previously, the US dollar lowered the exchange rates of other countries through continuous rises, but when many countries interfered in the exchange rate market, the US dollar gave up resistance, and stopped rising.
02, stock markets generally rose
Yesterday, stock markets in various countries also saw different amplitudes rise.
Looking back, we found that When the US stock market began to fall at the beginning of this year, it was the time when the US dollar index began to rise sharply. As US stock falls, stock markets in other countries also follow the decline. It can be said that it is the appreciation of the US dollar that has led to the decline of the entire financial market.
in the past few days Feder seems to be softening, and the US dollar index has also quickly slipped from above 114 to 110.
The stock market also ushered in a rare opportunity to adjust. Last night, the stock markets of European countries rose astonishingly, with most countries rising by more than 2%, France even rose by 4.24%, and Germany also rose by 3.78%.
Asian stock markets, which closed earlier in the day yesterday, also saw gains. Japan's Nikkei 225 index rose by nearly 3%. The Hong Kong stock market was closed yesterday.
When it was late at night, US stocks rose, and the lowest increase in Dow Jones Index also rose by more than 800 points, or 2.8%, while the highest increase in Nasdaq Index rose by 3.3%.
03, commodity rose
. In terms of commodity, it also saw a significant increase due to the impact of the US dollar trend.
international gold , which had previously been infinitely close to the 1,600 US dollar mark, price rose again to more than $1,700 in just a few days, and has now risen to $1,733.
silver is also following the rise, even hitting a staggering 9% increase on Monday.
WTI International crude oil price was below US$80 a few days ago, and the lowest was even reached US$76.42. However, it has continued to rise in the past two days, not only exceeding US$80, but it has even exceeded US$85. The current latest quotation has reached US$86.5.
The United States will also announce non-manufacturing PMI tonight. It is estimated that the situation is not optimistic, but this is a good thing. In short, if the US dollar fails, other markets will get better.
Perhaps global investors are looking forward to the continued decline of the US dollar.
