CoinVoice recently learned that according to Jinshi Data, UBS released a research report pointing out that due to Trump's trade threats against BRICS countries, the US dollar index broke through 106, but the current valuation is already too high. Although the outlook for the US dollar still looks bright, in the short term, UBS analysts recommend that investors take advantage of the dollar's strength to reduce their exposure to the US dollar.
Market attention has turned to key economic events this week, including Fed Chairman Powell's speech on Wednesday and non-farm payrolls data on Friday. CME data shows that the market expects the Fed to cut interest rates by 25 basis points in December with a 75% probability. Brenner, head of international fixed income at NatAlliance Securities, said these data will determine whether the Fed will cut interest rates this month.
In terms of the euro, affected by the French government's facing a vote of no confidence, the euro fell nearly 0.8% against the dollar on Monday, marking the largest single-day decline in nearly a month. The three-month implied volatility of the euro rose to 8.172%, reaching a two-year high. The yield spread between French and German bonds rose to a 12-year high, reflecting increasing market concerns about political risks in the eurozone. [Original link]