On Wednesday (June 3), during the Asian session, the US dollar index fell for seven consecutive days, hitting a two-and-a-half-month low, and the Australian dollar hit a five-month high. On the one hand, global resumption of labor and production accelerated, global stock markets rose, and commodities also rose This has boosted commodity currencies. On the other hand, the Australian government has performed better than most European and American economies in the fight against the epidemic. Therefore, its economy is expected to restart more quickly. The RBA’s previous policy wording also shows that it is satisfied with the current status quo. The possibility is extremely small.

The safe-haven yen once hit a new low of nearly two months, spot gold continued to be under pressure, as market risk appetite continued to pick up, funds poured into risky assets, and global stock markets continued to rise collectively, although the US riots did not stop, but the current resumption of global Theme, and the economic recovery rate is faster than previously expected. Under this background, gold’s attractiveness has dropped greatly. In addition, the international trade situation has not brought more support to gold. U.S. oil hit a new high of three months. On the one hand, the market hopes that oil-producing countries will extend the deadline for production cuts. On the other hand, companies resume work and resume production to improve market risk appetite.

This trading day mainly focuses on a number of economic data of the United States and Europe, the Bank of Canada’s interest rate resolution, and the EIA inventory report will also be announced.

Asian Market Quotes Review

During the Asian session, the Australian dollar rose against the US dollar. The exchange rate is now reported at 0.6934, an increase of 0.54%. The Australian dollar hit a five-month high, the US dollar weakly traded, and the commodity currency continued to rise. Commodities have also surged, which has boosted commodity currencies. On the other hand, the Australian government has performed better than most European and American economies in the anti-epidemic process, so its economy is expected to restart more quickly. The RBA’s previous policy wording also shows its current status Satisfied, the possibility of overweight loose is extremely small.

During the Asian session, the dollar fell against the yen, the exchange rate is now reported at 108.53, a drop of 0.13%; the safe-haven yen once hit a new low of nearly two months. The market is optimistic that the worst period of economic recession caused by the new crown epidemic has passed The market risk appetite has risen, global stock markets have risen across the board and set a new high for several months, which has significantly suppressed the safe-haven yen. But then the yen stopped falling and rebounded. Investors worried that the global stock market is unstable and may return to the downward trend. Mazen Issa, senior foreign exchange strategist at TD Securities, said that the good days of the risk market continue, although the gains are strong, but The current round of stock market gains has expanded beyond the United States, and this momentum is likely to continue.

During the Asian session, spot gold fell back to the 1720 mark, spot gold is now reported at $1724.06 per ounce, a drop of 0.21%; spot gold continues to be under pressure, as market risk appetite continues to pick up, funds have poured into risky assets, and global stock markets continue to collectively rise Although the U.S. riots did not stop, the current resumption of work became a global theme, and the economic recovery rate was faster than previously expected. Under this background, gold’s attractiveness dropped greatly. In addition, the international trade situation did not bring more support to gold.

During the Asian session, international oil prices continued to rise. US oil reported US$37.69 per barrel, an increase of 2.39%; Brent crude oil reported US$40.15 per barrel, an increase of 1.47%; US oil hit a three-month high, on the one hand, the market is looking forward to production Oil countries will extend the deadline for production cuts. On the other hand, companies will resume production to improve market risk appetite. Overnight European and American stock markets rose across the board to hit a new high for several months to improve demand prospects; The gap left behind will be cleared. Once the gap is filled, the bottom of the mid-term will be declared completed. At that time, the price of NYMEX oil will leave behind the price of $40 that observers had predicted to reach at the end of the year.