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On Tuesday, boosted by the U.S. CPI to a new high, the U.S. dollar rose sharply against all major currencies. Data show that the US CPI rose 0.9% in June, higher than the 0.6% in May, and also higher than the expected value of 0.5%.

It's a dull day, but it's hard to say whether it will turn into a dull market.

First review the trend of the US dollar index yesterday (strictly speaking, it should be the trend of the early morning of yesterday to the early morning of today),

Recently, benefiting from the rebound in market risk appetite, global stock markets have risen one after another, especially US stocks have repeatedly set record highs.

The unexpected weakness of the ADP employment report on Wednesday triggered market speculation that non-agricultural employment data will also be bad, and the U.S. dollar fell against most major currencies

It must be said that as the price of the US dollar index continues to rise and breaks through today, refreshing the recent highs, such a trend appears, and it is obvious that the whole situation has become different.

Judging from the latest news, the consultations between the Biden administration and Senator Manchin seem to have gradually come to fruition. The expenditure plan has been cut to around 1.5 trillion yuan, which is quite different from the previous 3.5 trillion yuan,

This week, market risk appetite picked up, the dollar index futures trended weak, and the euro rebounded against the dollar. However, the euro has fallen by nearly 4% against the dollar this year. The euro as a whole is still relatively weak.

The latest news came from the market yesterday. The Speaker of the U.S. House of Representatives, Pelosi, said that the budget expenditure plan has made great progress and it is expected that the Democratic Party's expenditure plan will be passed soon.

From the disk perspective, the US dollar index is still rising. If nothing else, it would not be a problem to hit a new high today. Many people are puzzled as to why the U.S. dollar index will continue to rise, because in terms of the global situation