DXY fell into a low consolidation

Market sentiment tangled under the multi-party risk sentiment, and the US dollar index fell into a low consolidation;

The US dollar index fell to a four-and-a-half-month low of 94.82 at the beginning of the North American session on Wednesday, and has since been basically stuck in a low level consolidation. The market is further digesting the Fed’s future easing expectations, but at the same time, the global epidemic continues to broaden, the potential risks of the international geopolitical situation have also made investors choose to straddle wait and see with breath taking, and the volatility of the foreign exchange market is therefore limited;

The US general election will usher in 100-day countdown this weekend, the potential impact of the election will begin to show up further. Usually, when the previous US elections enter the sprint stage, unless there is a special situation such as the outbreak of the economic crisis in 2008, if not the dollar exchange rate will fall into a period of interval fluctuations in the market wait-and-see atmosphere. And this year, with the continued interweaving of good and bad news about the epidemic, this trend is expected to repeat itself with a high probability.