US Dollar Index at Four-Month Low Amid Falling Consumer Confidence and Rising Copper Prices

[US Dollar Index Remains at a Four-Month Low, High Copper Prices Suppress Consumption]

Macro side, the US consumer confidence index in March fell for the third consecutive month, while consumers' expectations for future inflation increased, with the annual inflation rate for the next year expected to reach 4.9%, the highest level since 2022. Additionally, the US Commerce Secretary stated that tariffs on imported cars might be imposed next month. The US dollar index jumped initially and then pulled back, still hovering at a more than four-month low, providing support for copper prices.