This week, global financial markets were dominated by intense geopolitical turmoil and soaring energy prices. Affected by the U.S.-led military actions against Iran, Brent crude oil prices once surged past the $112 mark, delivering a significant cost-side shock that directly rewrote the monetary policy logic of global central banks. The U.S. Dollar Index initially approached its recent high of 100.54, supported by its safe-haven status and reduced expectations of Federal Reserve rate cuts. However, later in the week, aggressive interest rate hike signals from the Bank of England, the Bank of Japan, and the European Central Bank to combat imported inflation led to substantial profit-taking on long dollar positions, causing the index to retreat to around 99.5. At present, the core market contradiction has shifted from ‘slowing growth’ to ‘runaway inflation,’ prompting investors to…
