DXY fell sharply after weak US economic data

TVC:DXY   U.S. Dollar Index
Weak economic data, along with CPI and PPI data released earlier this week, reinforced the view that the Fed's rate hike cycle is over. This has strongly affected US government bond yields and caused the 10-year government bond yield to fall below 4.45%, approaching the lowest level since the end of September.

With the market expecting the Fed to gradually loosen monetary policy, gold prices may maintain an upward trend in the short term. This scenario will be confirmed if US economic data continues to weaken.

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