CITIC Securities: It is expected that the US dollar index will have support within the year, but it will be difficult to sustain a rise

According to Jinshi reports, Citic Securities research report states that the US dollar index has rapidly strengthened recently, causing gold prices to fall below the $4,000 per ounce mark. The market's easing concerns about inflation have not led to a decline in the dollar. The research report points out that the political "re-dollarization" can explain the recent strength of the dollar, but the more important driving factor is the expectation of tightening dollar liquidity. It is expected that the dollar index will have support within the year, but it will be difficult to sustain a rise; the next US inflation data may become a catalyst for the market to adjust trading strategies.