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The US dollar returns to the $98 mark, is the "Puze Club" on the way?
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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange]: The US dollar returns to the 98 US dollar mark, is the "Puzehui" on the way?". Hope it will be helpful to you! The original content is as follows:
On August 19, early trading in the Asian market on Tuesday, Beijing time, the US dollar index hovered around 98.86. On Monday, the US dollar index rebounded during the day and returned to above the $98 mark, finally closing up 0.31% to 98.12; the benchmark 10-year U.S. Treasury yield closed at 4.340%, and the 2-year U.S. Treasury yield closed at 3.771%. Spot gold rose first and then fell, and once approached the 3360 mark during the session, but then continued to fall, and accelerated its decline before the US session, erasing all the intraday gains, and finally closed down 0.09% to close at $3332.67/ounce; spot silver closed up 0.09% to $38.00/ounce. Crude oil rose slightly as U.S. advisers insisted that India must stop buying Russian crude oil. WTI crude oil fell to an intraday low of $61.41 in the US session, and then strongly recovered all lost ground, finally closing up 0.43% to $62.53 per barrel; Brent crude oil finally closed up 0.54% to $65.95 per barrel.
Analysis of major currencies
Dollar Index: As of press time, the US dollar index hovered at US$98.17. The US dollar index was 98.0199 on Monday, up 0.19% during the day, showing signs of stabilization in the low-level fluctuations. The US bond market is also highly concerned, with the yield curve steepening to its most significant level since October 2021, and the 5-year and 30-year Treasury yield gap (5s/30s) widening to 108.3 basis points overnight, setting a new high in recent years. Market sentiment sways between optimism and prudence, the stock market has set new highs and the corporate credit spread has narrowed, reflecting the superficial healthy scene of the US economy. However, the Fed policy expectations, geopolitical situation and potential for energy pricesVolatility adds www.xmtraders.complexity to the market. Technically, if the US dollar index successfully closes above the 98.00-98.20 resistance level, it will move to the next resistance level, that is, in the 99.20-99.40 range.
Analysis of gold and crude oil market trends
1) Analysis of gold market trends
On Tuesday, gold hovered around 3334.65. Gold prices remained largely stable on Monday, with investors following U.S. President Donald Trump’s meeting with Ukrainian and European leaders, and the Fed’s annual seminar this week in Jackson Hall. In addition, this trading day should also pay attention to the initial value of the annualized total number of construction permits in the United States in July and the speech of Federal Reserve Director Bowman.
2) Analysis of crude oil market trends
On Tuesday, crude oil trading around 62.47. Oil prices rose slightly on Monday. The previous US-Russian summit in Alaska has not made any progress as investors focus on the results of the meeting between US President Trump and Ukrainian President Zelensky. In addition, this trading day should also pay attention to the initial value of the annualized total number of construction permits in the United States in July and the speech of Federal Reserve Director Bowman.
Forex market trading reminder on August 19, 2025
①16:00 Eurozone June seasonally adjusted current account
②20:30 Canada July CPI monthly rate
③20:30 The total number of new houses started in the United States in July
④20:30 Total number of construction permits in the United States in July
⑤The next day, the Fed Director Bauman delivered a speech
⑥The next day, the week from the United States to August 15
The above content is about "[XM Foreign Exchange]: The US dollar returns to the 98 US mark, is the "Puze Club" on the way?", which was carefully www.xmtraders.compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
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