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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: Trump's tariff threat affects market confidence, and the U.S. dollar index falls". Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - After U.S. President Trump’s remarks on tariffs on Friday (October 10), U.S. Treasury yields fell sharply on Friday. The move injects new geopolitical risks into already nervous markets. The U.S. dollar weakened in tandem with yields, with the U.S. dollar index retreating from weekly highs. Traders are weighing the twin impacts of declining odds of a rate cut and rising political uncertainty overseas. Trump's remarks hit the market's risk appetite, prompting investors to turn to bonds and gold; after a brief decline in the stock market, bargain-hunting funds entered the market and pushed stock prices back up. The yield on the 10-year U.S. Treasury note fell 8 basis points to 4.063%; the yield on the 2-year Treasury note fell 7 basis points to 3.522%. The current U.S. government is in gridlock and the economic calendar is sparse. Affected by the government shutdown (currently entering its 10th day), the market is still in a state of data release interruption. Interest rate cut expectations continue to be strong, and the U.S. dollar index has fallen from its high. Although there are some objections within the Federal Reserve, Fed officials' statements have strengthened the possibility of an interest rate cut, and the U.S. dollar index has fallen from Thursday's two-month high to 99.33. Federal Reserve Governor Christopher Waller said on Friday that the central bank should remain "cautious" but confirmed its support for easy policy. Federal funds futures currently show a 95% probability of a 25 basis point rate cut in October; the probability of another rate cut in December has dropped to 80%. Minutes of the Federal Open Market edoyoko.committee (FOMC) meeting released earlier this week showed that members generally supported interest rate cuts, but there was no clear consensus on the pace of rate cuts. Incomplete inflation data due to the government shutdown is one of the reasons for the unclear pace. France and JapanFluctuations in the global foreign exchange market have been affected by the intensifying political turmoil in France. The euro-dollar exchange rate is hovering near a two-month low of 1.15705, with a decline of 1.5% expected this week. French President Emmanuel Macron is struggling to find a new prime minister who can push through austerity budget bills, undermining market confidence in the euro zone's second-largest economy. At the same time, although the Japanese yen exchange rate rebounded slightly to 152.7 yen per US dollar, it was still under pressure. Since Takaichi Sanae won in the political arena, the market's reaction
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