[SMM Aluminum Morning Meeting Summary: As the Dollar Index Rises and Domestic Inventory Accumulates, Shanghai Aluminum Futures Continue to Decline Overnight] Macroscopically, as the US Federal Reserve Bank of Philadelphia Manufacturing Index for July was higher than expected, showing signs of resilience in the US economy, the dollar index posted its biggest single-day gain since June 20th. The convening of the Third Plenary Session of the 20th CPC Central Committee may lead to new favorable news, but the assassination attempt on Trump over the weekend has increased his chances of winning, and the market expects his policies to benefit the dollar. Additionally, the complicated conflict between Palestine and Israel has added uncertainty to the recent market. Fundamentally...
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