美元指数有望连跌六周，加息预期降温成主因
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Non-farm payrolls far exceeded expectations, causing the US dollar index (DXY) to rise in the short term, while gold and Bitcoin came under short-term pressure.
According to BlockBeats, on June 5th, non-farm payrolls far exceeded expectations, and the market priced in further tightening of monetary policy by the Federal Reserve. The US Dollar Index (DXY) rose 15 points in the short term, currently trading at 99.36. Spot gold fell nearly $20 in the short term, currently trading at $4447.73 per ounce. Bitcoin is currently trading at $61801.48, a 24-hour drop of 3.03%.
The US dollar index (DXY) rose briefly, reaching 101 points.
According to ChainCatcher, Gate market data shows that the US dollar index (DXY) rose 10 points in the short term, reaching 101 points, with a daily increase of 0.13%.
Spot gold rose $15 in the short term, breaking through $4,060 per ounce, while the US dollar index (DXY) fell by more than ten points in the short term.
According to Odaily data, spot gold rose $15 in the short term, breaking through $4,060 per ounce, up 0.83% on the day. The US dollar index (DXY) fell more than ten points in the short term, currently trading at 101.06.
The yield on the 10-year U.S. Treasury note fell after the data release, and the dollar index (DXY) dropped by more than ten points in the short term.
According to Odaily data, the yield on the 10-year US Treasury note fell after the data release, last trading at 4.392%, a drop of 0.59 basis points. The yield curve spread between the 2-year and 10-year US Treasury notes was +26.3 basis points. The yield on the 2-year US Treasury note fell 1.41 basis points to 4.123%. The US dollar index (DXY) fell more than ten points in the short term, last trading at 101.64.
Analysis: The US dollar index is approaching the upper limit of its breakout range, putting pressure on BTC and potentially continuing its negative correlation with the DXY.
According to Mars Finance, Bitcoin, considered a "rival" to the US Dollar Index (DXY), is facing continued pressure as the market focuses on the dollar index's impending breakout from its 13-month-long trading range. Data shows that Bitcoin weakened for the third consecutive trading day, hovering around $63,900, with the overall crypto market also experiencing widespread pressure. Meanwhile, the DXY rose 0.26% to 100.66, extending its 0.8% gain from the previous trading day and approaching the edge of a key breakout range. Analysts point out that if this structural breakout is confirmed, it will typically trigger further upward movement of the dollar due to trend-following funds. Historical data shows a clear negative correlation between Bitcoin and the US Dollar Index; a stronger dollar usually suppresses dollar-denominated risk assets. The market believes that the Federal Reserve's hawkish stance has strengthened the dollar's support logic and may further drive funds towards safe-haven assets and dollar-denominated assets.
Analysis: The US dollar index is approaching the upper limit of its breakout range, putting pressure on BTC and potentially continuing its negative correlation with the DXY.
According to CoinDesk, Bitcoin, considered a "rival" to the US Dollar Index (DXY), is facing continued pressure as the market focuses on the dollar index breaking through the upper limit of its 13-month-long trading range. Data shows that Bitcoin weakened for the third consecutive trading day, hovering around $63,900, with the overall crypto market also generally under pressure. Meanwhile, the DXY rose 0.26% to 100.66, continuing its 0.8% gain from the previous trading day, approaching the edge of a key breakout range. Analysts point out that if this structural breakout is confirmed, it will typically trigger further upward movement of the dollar due to trend-following funds. Historical data shows a clear negative correlation between Bitcoin and the US Dollar Index; a stronger dollar usually suppresses dollar-denominated risk assets. The market believes that the Federal Reserve's hawkish stance has strengthened the dollar's support logic and may further drive funds towards safe-haven assets and dollar-denominated assets.