SMM

The US dollar index fell the most since January two weeks ago as the Fed paused interest rate hike. Real estate data in the US issued last week exceeded expectations, growing market expectations over US economic growth. Interest rates were thus expected to remain high and the US dollar index rebounded last week. Should Fed officials maintain hawkish tone, the US dollar index will continue to rebound, which will cap the gains in copper prices. In the eurozone, high inflation is still an important issue facing the British economy. The pound will continue to put pressure on the dollar in the future.