The US Dollar Index fell 0.14% last week, while the GBP/USD pair rose 0.37%.
Original headline美元指数上周下跌 0.14%，英镑兑美元上涨 0.37%
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The US Dollar Index (DXY) fell 0.14% last week and was down 0.24% intraday at 101.63 as of Nov. 2, though it remains up more than 3.47% year-to-date, per Seeking Alpha. From Oct. 26 to Nov. 1, the British pound, Chinese yuan and Swiss franc gained 0.37%, 0.27% and 0.36% against the dollar, respectively, while the Australian dollar slipped 0.12%. US Treasury yields declined, with the 10-year down 3 basis points to 4.94% and the 2-year down 10 basis points to 4.61%. The dollar's weakness reflects risk-off flows driven by disappointing Big Tech earnings and concerns over the sustainability of the AI rally. Meanwhile, US Q3 GDP grew at a 3.4% annualized pace, supported by consumer spending and AI-related investment. Traders will watch upcoming Fed commentary and economic data for direction on whether the dollar's pullback extends.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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US Dollar Index (DXY), AUD, CNY, GBP, CHF
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