US dollar fluctuates within a range, French social unrest drags down the performance of the euro

⑴ On Monday, the US dollar traded within a narrow range overall, strengthening against the euro. A new round of social unrest in France has raised market concerns about the country’s fiscal outlook, putting pressure on the euro and indirectly supporting the US dollar. ⑵ However, doubts about profit and financing in AI projects have driven demand for US Treasuries, pushing down US Treasury yields and partially offsetting the bullish factors for the US dollar. The yield on the 10-year US Treasury fell by 2.3 basis points to 5.074%. The US Dollar Index remained around 101.89, while the euro fell 0.2% against the dollar to 1.12.