Key Facts
• On July 28, the U.S. Dollar Index rose 0.8%, marking its largest gain since May 12.
• The dollar strengthened against the yen, with the yen falling 0.6% to 148.58 per dollar.
• U.S. and EU reached a trade agreement, raising hopes for an extension of U.S.-China tariff suspensions.
• The S&P 500 Index continued its rally, briefly surpassing the 6,400 mark to hit a record high.
• Euro fell 1.3% to $1.1585, its largest drop in over two months.
• U.S. Treasury yields rose across all maturities, with the 5-year bond yield reaching 3.983%.
• Crude oil prices rebounded, with WTI futures rising 2.4% to $66.71 per barrel.
• Gold prices dropped, with spot gold falling $26.42 to $3,310.88 per ounce.
• Key economic data, including employment and inflation figures, are expected this week.
• The Federal Open Market Committee (FOMC) is set to announce monetary policy decisions on July 30.
Summary
The U.S. financial markets saw significant movements on July 28, driven by optimism surrounding trade negotiations. The U.S. Dollar Index surged 0.8%, its largest gain since May, following a trade agreement between the U.S. and EU. This development also raised expectations for an extension of U.S.-China tariff suspensions. The S&P 500 Index hit a record high, briefly surpassing 6,400, while the euro experienced its steepest decline in over two months, falling 1.3% to $1.1585. Treasury yields rose across all maturities, with the 5-year bond yield reaching 3.983%. Crude oil prices rebounded amid geopolitical tensions, and gold prices fell as the dollar strengthened. Investors are closely watching upcoming economic data and the FOMC’s monetary policy announcement, which could shape market trends for the remainder of the year.
