Overnight Market Review (2022.10.1) In early Asian trading, the U.S. dollar index traded around 112.15; the U.S. dollar index recorded its largest quarterly gain since the first quarter of 2015 last week, and once refreshed a 20-year high to 114.79; For the first time in three weeks.
Economic data provides the rationale for the Fed to continue its aggressive monetary policy tightening path; gold rose to a one-week high on Friday as the dollar retreated from recent highs, but gold prices are set to record their worst quarterly performance since March last year, and the Fed is about to massively scale Fears of a rate hike kept it in trouble; oil prices fell in choppy trade but posted their first weekly gain in five, helped by the possibility that OPEC+ would agree to cut crude output when it meets on Oct. 5.
Trading strategy deployment: it is recommended to do more at low levels
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