International Futures: US Dollar May Continue To Explore &Nbsp; PTA'S Weak Pattern Remains Unchanged.

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The US dollar is the most basic wind vane.

The Fed believes that the US economic recovery is still continuing, but the pace is slow. The employment market has gradually improved, but the unemployment rate is still high. Inflation has moderated and it is expected that inflation will remain low for some time due to the existence of idle capacity.

Household spending has increased, but is limited to weak job market, small income growth, declining household wealth and tight credit.

New housing starts are still low, and investment in non residential property is still weak.

Employers have increased their spending on equipment and software, and employers are still increasing their employees' hesitation.

The role of financial markets in supporting the economy is insufficient, and the amount of bank lending continues to shrink in recent months.

From the current situation, the Fed still needs to maintain its stimulus measures, especially the low interest rate stimulants.

Europe

In view of the political reasons, the pressure of EU countries to reduce their fiscal deficits is large. Under such circumstances, European countries that have always held high Keynes's ideas and have a big hand will inevitably have some economic pressure.

However, under the circumstances of small interest rate control, the EU is more willing to use the exchange rate to control the economy.

After the 2001, the appreciation of the euro against the US dollar was more politically based. At the moment, the ECB's devaluation of the euro was a realistic economic consideration.

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