According to data from the U.S. Bureau of Labor Statistics, the latest year-over-year core CPI in the U.S. in April was 3.6%, down 2 percentage points from the previous 3.8%, the first slowdown in 6 months and hitting a new low in annual growth rate for the year. The April CPI rose 3.4% year-over-year, in line with market expectations, slightly lower than the previous 3.5%, 0.4% lower than market expectations and the previous value. After the CPI data was released, the U.S. dollar index plunged sharply on the minute chart, while London gold and COMEX gold, non-US currencies, and the three major U.S. stock indexes all rallied quickly, and Asian stock markets also showed relative strength. There is a "seesaw" relationship between non-US currencies and the U.S. dollar index, with the former appreciating.

（Source：ATFX，2024.05.16）

Yen leads the gains, other major currencies continue to rise

As of May 16th, the yen has reversed its weakening trend, gaining nearly 60 pips against the US dollar intraday, the Korean won has risen 1.2%, leading the gains among Asian currencies in the early Asian session; the offshore Chinese yuan against the US dollar fell to 7.2041 at 8:59 am on the 16th, also showing relatively strong performance recently.

The euro against the US dollar rallied after the US CPI release, reaching close to 1.0890 after the US stock market close, a new high since April 9, up over 0.6% on the day; the British pound against the US dollar touched nearly 1.2690 after the US stock market close, a new high since April 10, up nearly 0.8% on the day.

After the release of the US CPI, Bitcoin (BTC) quickly broke above $64,000, rising above $65,000 in early and midday US trading on the 15th, and briefly breaking above $66,400 in the late session, the first time surpassing the $66,000 level since April 24, rebounding over $5,000 from the intraday low in early Asian trading, up over 8%; it was above $66,000 at the US stock market close, up over 7% in the past 24 hours, but fell back below $66,000 after the close.

（Source：The Wall Street Journal，2024.05.16)