Yesterday, the US Dollar Index continued to decline, nearly breaking below 110 points at its lowest. Once again, it has been proven that the US dollar is the culprit. When the US dollar falls, other assets experience a significant rise.

Yesterday, stock markets in Asia, Europe, and the United States saw substantial increases!

Non-US currencies such as the Chinese yuan, euro, and British pound surged!

Gold and oil also broke through their previous lows, showing significant increases!

01, Chinese Yuan Soars by 2,300 Points

At 5:00 AM today, the offshore Chinese yuan closed 630 points higher than the previous trading day's closing price, ending at 7.0416.

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Subsequently, at the opening of the morning market, the Chinese yuan continued to rise, currently at 7.0356.

In just five trading days, the Chinese yuan has seen a substantial counter-trend increase. Last week, the offshore exchange rate of the Chinese yuan against the US dollar had dropped below 7.26, but it has now risen back to 7.03.

In these five days, the Chinese yuan has risen by 1,300 points.

The British pound has also risen, currently back to 1.145, and the euro is also on the rise, now very close to 1.0. However, the Japanese yen's performance is not very satisfactory, still above 144.Prior to this, the US dollar had been suppressing the exchange rates of other countries through continuous appreciation. However, when multiple countries intervened in the foreign exchange market, the dollar gave up resistance and halted its upward trajectory.

02, Stock Market Gains

Yesterday, stock markets around the world also experienced increases of varying magnitudes.

Looking back, we realize that when the US stock market began to decline at the beginning of this year, it coincided with the time when the US Dollar Index started to rise significantly. As the US stocks fell, stock markets in other countries also followed suit, and it can be said that the appreciation of the dollar led to the decline of the entire financial market.

In recent days, it seems that the Federal Reserve's stance is softening, and the US Dollar Index has quickly slipped from above 114 to 110.

The stock market has also welcomed a rare opportunity for adjustment. Last night, stock markets across Europe saw astonishing gains, with most countries' increases exceeding 2%. France even rose by 4.24%, and Germany increased by 3.78%.

The Asian stock markets, which closed earlier yesterday, also saw widespread gains. The Nikkei 225 index in Japan rose by nearly 3%. The Hong Kong stock market was closed yesterday.

Late at night, US stocks continued to rise, with the Dow Jones Industrial Average, which had the lowest increase, rising by over 800 points, a 2.8% gain, while the Nasdaq Composite Index had the highest increase, rising by 3.3%.

03, Commodity Prices Rise

In the commodity sector, significant increases have also occurred due to the impact of the dollar's trajectory.International gold, which had previously come very close to the $1,600 mark, has rebounded to over $1,700 in just a few days, and has now risen to $1,733.

Silver is also following suit, even recording an astonishing 9% increase on Monday.

The WTI international crude oil price had dropped below $80 a few days ago, reaching as low as $76.42, but it has also been continuously rising these past two days, not only surpassing $80 but also exceeding $85, with the latest quote now at $86.5.

Tonight, the United States will also release the PMI for the non-manufacturing sector, which is expected to be less than optimistic. However, this could be a good thing, as the dollar's decline will lead to improvements in other markets.

Perhaps global investors are collectively anticipating a further decline in the dollar.