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15:09
The US Dollar Index widened its decline to 0.2%, hitting a new daily low below 90.140 points, after previously reaching a daily high of 99.472 points at 22:13 (UTC+8).
The Bloomberg Dollar Index once fell more than 0.2%, hitting a new daily low and approaching the 1201-point threshold. At 22:12 (UTC+8), it was still trading above 1205 points—close to the daily high of 1205.25 points set at 16:21 (UTC+8).
15:00
Bond market warnings: The AI wave may worsen Kevin Warsh’s inflation dilemma
Analysts point out that the emerging AI boom is significantly raising capital demands and stoking inflationary pressures, with just a few major tech giants planning to invest more than $700 billion in related projects this year. AI-related bond issuance is putting heavy pressure on U.S. Treasury bonds, driving borrowing costs higher. Futures traders are now even starting to bet that the Federal Reserve might be forced to raise interest rates before December this year. (Bloomberg)
14:57
U.S. bank stocks rise
Glonghui, May 20th|Deutsche Bank rose by over 4%, while Goldman Sachs, Citigroup, Morgan Stanley, and Barclays Bank all saw increases of more than 3%.
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