Abstract:On Tuesday, investors held a wait-and-see attitude before the deadline set by the US, with the US dollar index hovering near its highest level in nearly 11 months, ultimately closing slightly down 0.0
On Tuesday, investors held a wait-and-see attitude before the deadline set by the US, with the US dollar index hovering near its highest level in nearly 11 months, ultimately closing slightly down 0.04% at 99.64; The benchmark 10-year Treasury yield closed at 43000%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 3.7980%. On Tuesday evening local time, just as the deadline for Eastern Time was approaching, US President Trump suddenly posted on the social media platform "Truth Society", announcing his agreement to suspend bombing and military strikes against Iran for a full two weeks. This heavyweight news was like a 'peace bomb', quickly breaking the market's concerns about the tense situation in the Middle East, and causing severe fluctuations in global financial markets. On Wednesday morning (April 8th) in the Asian market, oil prices plummeted by over $20 in a short period of time, while gold prices rebounded strongly by over 2%, hitting a two-week high. The overall market sentiment quickly shifted from tense risk aversion to risk preference, and the US dollar index also fell significantly, hitting a new low in over two weeks. On Tuesday morning, the Pakistani side proposed a request for a two-week ceasefire, and the Iranian side is actively considering it. WTI crude oil closed down 2.07% at $110.66 per barrel; Brent crude oil ultimately closed down 5.71% at $103.43 per barrel; After the opening on Wednesday, Trump announced a two-week ceasefire, and WTI crude oil fell 12% during the day.