Gate News: Latest Crypto News and Cryptocurrency Prices

Search results for "ICE"

Saturday

2025/07/05

Gate will delist 19 Perptual Futures on July 7, 2025, and users need to close their positions in advance.

Gate News bot news, according to the announcement from Gate platform on July 4, 2025. Gate will delist 19 perpetual contract trading markets on July 7, 2025, at 16:00 ( UTC+8, including JAILSTOOL/USDT, RDAC/USDT, KEY/USDT, UNFI/USDT, AMB/USDT, KEKIUS/USDT, ICE/USDT, ULTI/USDT, FTN/USDT, MICHI/USDT, GM/USDT, HAPPY/USDT, IMT/USDT, PAWS/USDT, RIFSOL/USDT, EDGE/USDT, PELL/USDT, ZCX/USDT, and FOXY/USDT. The contract trading markets will enter a reduce-only mode on July 7 at 15:30 ) UTC+8 and will officially stop trading at 16:00 ( UTC+8. The platform will settle the outstanding positions based on the average index price in the last half hour before the market closes.

04:39 GoldenOctober2024

Futures Monitoring Artifact Headline Article

Sugar Fundamental Analysis: ICE raw sugar continues to fall! Worries about global sugar oversupply have resurfaced. Will sugar prices collapse?

01:53 WendyCS

U.S. CFTC: Bullish sentiment for Brent and WTI crude oil hit a fresh 21-week high, and bearish sentiment for natural gas in New York hit a new one-year high

U.S. Commodity Futures Trading Commission (CFTC): Speculators' net Long position in NYMEX WTI crude oil increased by 40,580 contracts to 174,730 contracts in the week ended February 27, hitting a new high in more than four months. The net Long position in Brent and WTI crude oil increased by 20,191 contracts to 420,150 contracts, the highest in the last 21 weeks. The net Long position in ICE Brent crude oil fell by 17,488 contracts to 254,781 contracts, hitting a three-week low. The net Long position in NYMEX gasoline decreased to 61,003 contracts, and the net Long position in NYMEX heating oil increased to 24,347 contracts. Short NYMEX natural gas positions increased to 64,396 contracts, the highest in about a year.

22:58 DailyNews

Golden Finance reported that Daniele Sestagalli of the ICE encryption project said that the agreement will burn $1.85 million in ICE tokens stolen in the multi-chain hack. Fantom Multichain users will receive WAGMI tokens via airdrop to replace burned ICE tokens. By blacklisting and burning the tokens, it is still possible for the attackers to obtain more than $56 million worth of remaining stolen assets.

Monday

2025/06/30

21:27 DailyNews

The US dollar recorded its longest monthly fall since 2017.

Golden Finance reported that the Bloomberg Dollar Index fell in end-of-month trading, heading towards the longest consecutive monthly decline in eight years, as Trump's latest version of the massive tax cut plan in Congress attracted investors' attention. The euro reached a new high since 2021. The Bloomberg Dollar Spot Exchange Rate Index fell by 0.4%, with an overall decline of 2.1% in June; this marks the sixth consecutive month of decline, the longest streak of monthly declines since 2017. The ICE Dollar Index fell more than 10% in 2025, recording the worst performance in the first half of the year since 1973.

01:21 GateNewsBot

Trump orders: Implement the "largest illegal immigrant deportation action in history"

Gate News bot message: Former President Trump stated in a post on his Truth Social platform that officials from the U.S. Immigration and Customs Enforcement (ICE) demonstrated extraordinary strength, determination, and courage in carrying out a critically important mission - the largest mass deportation of illegal immigrants in history.

03:56 GNews

$ICE Increases 10% as new online goes onchain

Gate.io News

08:55 GNews

$ICE Gains Over 12% after following project update ahead of Launch

Gate.io News

00:00 GoldenOctober2024

Canada's ice storm causes widespread power outages affecting 390,000 users

Ontario, Canada is experiencing freezing rain and ice storms, leaving nearly 390,000 users without power. The power company stated that 257,000 households have had their power restored, but some users are expected to wait until the evening of April 1st to have their power restored. Multiple areas in Ontario have declared a state of emergency, and local governments have set up temporary shelters.

13:13 GoldenOctober2024

LYAD: Providing display products for Harbin Ice and Snow World and serving multiple ice and snow economic venues

On December 16th, Jin10 Data reported that LianDe has provided display products for Harbin Ice and Snow World and has served multiple venues such as shopping malls and sports arenas that have display screen requirements. In addition, the company is a supplier of display screens for the sub-venue of the 2025 Harbin Asian Winter Games.

04:37 GoldenOctober2024

Pro Farmer, a publication under the American Farm Futures Magazine, released a outlook report from June 3rd to June 7th, looking ahead on the prices of soybeans, corn, wheat, and cotton from fundamental and technical perspectives.

06:04 WendyCS

Citi: The short-term momentum model predicts that crude oil prices will rise at the end of the month and give a neutral-bullish signal to ICE Brent in the next 5-10 days.

01:19 pitarsama

While the weekly trend suggests potential upward movement, as indicated by the temporary surpassing of the Back-Up-Against Creek [BUEC] zone with significant trading volume, the daily timeframe presents a different picture. The lack of clear direction on the daily chart, with #BTC price remaining stagnant above the Buying Climax [BS] zone of 31015-29885, indicates a possible decline in interest. According to the Wyckoff logic, a significant retracement to the Ice zone [27265-26970] on the daily chart is likely in the future. However, considering the time it took for Bitcoin to reach its current price, this retracement may not occur immediately. It might be delayed until more struggles and conflicts are observed within the daily BS zone.

05:50 pitarsama

Jump the creek - Retest that occurs after the upside breakout of accumulation ➩ trap early sellers. Break the ice - Retest that occurs after the downside breakout of distribution ➩ trap late buyers.

03:25 pitarsama

DeFi's Latest Buzz: From Tokens to Swaps, Here are the Major Updates of the Week Firstly, the Arbitrum token has been launched, and Radiant V2 is now live on the Arbitrum network. Radiant V2 enables cross-chain borrowing and lending, which allows users to access liquidity from different blockchains. This could potentially make the DeFi ecosystem more interconnected and accessible. $ARB$ $RDNT$ In other news, the Uniswap proposal to launch version 3 on Avalanche has been approved. Uniswap is a decentralized exchange that allows users to swap cryptocurrencies without the need for an intermediary. Version 3 promises to offer several improvements, including increased efficiency and lower costs. $UNI$ Arbitrum has also announced that its DAO/Foundation will begin grants programs soon. This move could potentially attract more developers to build on the Arbitrum network and expand the ecosystem. $ARB$ UniDex, a meta-aggregator for DeFi, has released SwapsV3, an upgraded version of their swap aggregator. This new version promises to offer better user experience and more features, such as gas optimization. Fantom Foundation has launched a new Fantom Wallet with an improved design. The new wallet promises to be more user-friendly and intuitive, making it easier for users to navigate the Fantom ecosystem. $FTM$ Polygon Labs and Immutable have introduced Immutable zkEVM, a chain for games that offers EVM compatibility. This could potentially make it easier for game developers to build on blockchain technology and create new gaming experiences. $MATIC$ $IMX$ GMX has proposed deployment on Coinbase's Base Blockchain Sui Network, which will go live in Q2 2023. Sui is an L1 project that has raised hundreds of millions of dollars in funding. If the deployment is successful, it could potentially bring more liquidity and users to the Sui network. $GMX$ Popsicle Finance, a project by Daniele Sesta, is now live on Arbitrum. Popsicle Finance is a platform that allows users to earn yield by providing liquidity to different pools. Its launch on Arbitrum could potentially make it more accessible to users and attract more liquidity to the platform. $ICE$ Plutus DAO has introduced $plsARB, an Arbitrum derivative token that allows holders to earn dual yield in PLS and ARB. This could potentially incentivize more users to hold the token and contribute to the Plutus DAO ecosystem. SushiSwap, a decentralized exchange, has received a subpoena from the SEC. The reason for the subpoena is currently unclear, but it is yet another reminder of the regulatory challenges that DeFi projects may face in the future. $SUSHI$ Finally, Timeswap, an automated market maker for lending and borrowing, launched on Arbitrum. This could potentially offer users a new way to earn yield and access liquidity on the Arbitrum network.

Sunday

2025/06/29

13:33 GoldenOctober2024

Putin: The priority for Russia's shipbuilding industry is to expand icebreakers and ice-class vessels.

Jin10 reported on June 29 that Russian President Putin stated on the 29th that the priority for Russia's shipbuilding industry is to expand the number of icebreakers and ice-class vessels operating along specific routes. Putin pointed out that the Russian shipbuilding industry is currently facing four tasks demanded by the times: updating existing production equipment and deploying new production equipment, mastering competitive technologies, deepening international cooperation, and cultivating high-level talent.

15:00 DailyNews

金色财经报道，阿迪达斯和音乐家Pharrell William联手在The Stoodio应用中为Doodles NFT持有者推出了数字服装，他们将会获得即将空投的“Pharrell Pack”，其中除了阿迪达斯数字服装之外还有Pharrell William创作及合作的其他时尚品牌联名款数字可穿戴NFT，比如Human Made、Billionaire Boys Club （BBC）和Ice Cream等，据悉该“Pharrell Pack”仅会限量推出300个，如果最终符合条件的用户超过这一数字，将采取抽奖形式选出投放用户。（decrypt）

Thursday

2025/06/19

03:08 GateNewsBot

U.S. stock market closed for one day on June 19

Gate News bot message: Due to the June 19, ( Thursday being the American Juneteenth holiday, the US stock market will be closed for one day, and normal trading will resume on June 20 (Friday).

12:05 GateNewsBot

Circle has partnered with ICE to explore the integration of USDC and USYC in the financial market.

Gate.io News bot message, according to Circle CEO Jeremy Allaire, Circle is collaborating with Intercontinental Exchange (ICE) to explore the integration of USDC and USYC stablecoins into the TradFi market system. This collaboration marks a further integration of Crypto Assets and the TradFi market, and both parties will be committed to promoting the application of stablecoins in the mainstream financial sector.

11:55 DailyNews

Circle has partnered with global exchange ICE to explore the integration of USDC into its market products and infrastructure.

PANews March 27 news, Circle CEO Jeremy Allaire tweeted that Circle announced an agreement with global exchange ICE to explore the integration of USDC and USYC into a wide range of TradFi markets, exchanges, and clearinghouses.

11:53 DailyNews

Intercontinental Exchange has reached an agreement with Circle to integrate the USD stablecoin USDC into its products and infrastructure.

Odaily News Circle co-founder Jeremy Allaire stated in a post on the X platform that global exchange and Capital Market giant Intercontinental Exchange (ICE) and Circle are working to integrate USDC into their market products and infrastructure. Currently, the two companies have reached an agreement to explore the integration of USDC and USYC into a wide range of TradFi markets, exchanges, and clearing houses.

09:42 GoldenOctober2024

ICE Arabica coffee futures prices hit a 13-year high, reaching $2.9750 per pound.

14:26 GoldenOctober2024

Futures Monitoring Tool Headline Article

During the first half of July, sugar production in the central and southern regions of Brazil decreased by 9.7% year-on-year, leading to a sharp rise in ICE raw sugar futures. What will be the subsequent trend of sugar prices?

04:29 GoldenOctober2024

Technical Analysis: The price of ICE raw sugar is expected to further decline

The latest analysis from Economies.com's analysts: ICE sugar prices have successfully reached our expected target of 18.00. It is expected that the downtrend will resume today, and the next target for the decline can be seen at the low point of 17.35. We expect further decline in the intraday and short term basis. At the same time, it should be noted that breaking through 18.45 will stop the current downward pressure and guide the price to start attempting to rebound intraday. The trading range for today is expected to be between the support level of 17.50 and the resistance level of 18.30.

02:09 WendyCS

The U.S. index falls more than 0.5% on the day of "Powell denies the possibility of raising interest rates", and the Japanese authorities "strongly" boosted the yen to the 153 line

At the end of Wednesday (May 1) in New York, the ICE U.S. dollar index fell fall 0.54% to 105.649 points, Beijing time from 14:56 pump to a daily high of 106.490 points, 02:00 before the release of the FOMC Intrerest Rate decision statement was in a state of high volatility, Fed Chairman Powell said that "the next move cannot be to raise interest rates" after fall to below 105.8 points, after the close of the U.S. stock market, with the suspected Japanese authorities intervening in the yen Exchange Rate and fall to a daily low of 105.435 points. The Bloomberg dollar index falls 0.15% to 1263.93, falling to a daily low of 1259.35 at 02:55. Among Asian coins, USD/JPY falls 1.65% to 155.20 and continued to trade above 157 until 04:09 (shortly after the US close) - Japanese dollar metatransactions turned a deaf ear to the Fed's decision statement and Powell's press conference, and US stocks then broke the "quiet state" after the market and big dumped to 153.04. EURUSD pump 0.46%, GBPUSD pump 0.28% and USDCHF fall 0.34%), while in the Commodity Money pair, AUDUSD pump 0.73%, NZDUSD pump 0.60% and USDCAD fall 0.32%.

07:58 WendyCS

原油期货3月收盘价可能对汇市有很大影响

ICE布伦特原油期货价格接近200月均线切入位78.00美元/桶，布油上次收于此水准下方是在2021年12月。布油在2018年跌破200月均线后下跌超过50美元。55月均线切入位70.14美元是本月低点；在最近的银行业动荡中，ICE布伦特油价从86.75美元跌至70.12美元。若收于200月均线之下，那么通胀降温的前景应会支撑风险偏好

Tuesday

2025/06/10

08:22 GateNewsBot

The author of "Rich Dad Poor Dad" urges people to invest in Bitcoin, gold, and silver during economic turmoil.

Gate News bot, author of "Rich Dad Poor Dad" Robert Kiyosaki has sounded the alarm about the growing unrest in the United States and linked the violence to deeper economic turmoil. In a recent article on X, Kiyosaki said, "The civil war has begun. The U.S. Immigration and Customs Enforcement (ICE) raid in Los Angeles has turned into mass violence...... I am confident that we and the world will have a long and hot summer of violence. Kiyosaki linked the unrest to what historians Wilhelm Strauss and Neil Howe described as the "fourth turning," a period of cyclical crises that reshaped the social fabric. According to the theory, previous fourth turns included the Great Depression, World War II, the Civil War, and the American Revolution.

10:53 GoldenOctober2024

Strong cold air strikes, the Bohai Sea and the Yellow Sea officially enter the sea ice season.

Jin Shi Data News on December 17th, affected by a strong cold air mass, the northeastern region has experienced a significant drop in temperature recently. According to the latest satellite remote sensing and ocean station monitoring data from the North China Sea Forecast and Disaster Reduction Center of the Ministry of Natural Resources, on December 16th, there was sea ice distribution in the offshore waters of Liaodong Bay, with floating ice about 3 nautical miles away from the shore and a distribution area of 291 square kilometers. In addition, satellite remote sensing also detected sea ice of 69 square kilometers in the coastal waters of the northern part of the Yellow Sea, where Dandong, Liaoning is located. This marks the official beginning of the sea ice season in the Bohai Sea and the Yellow Sea this winter. Currently, the sea ice in the Bohai Sea and the Yellow Sea is still in the initial stage, mainly distributed in areas such as the mouths of rivers and nearshore shoals. With further drop in winter temperatures and sea temperatures, the sea ice will continue to develop, and the Bohai Sea, Liaodong Bay, and the northern part of the Yellow Sea will enter a severe ice period around mid-January 2025.

15:41 GoldenOctober2024

Futures Monitor Tool Headline Article

ICE sugar futures hit an eight-week low, how about the subsequent PA?

04:26 GoldenOctober2024

Futures Hotspot Tracking

Crude Oil Analysis at Noon: ICE Brent Crude Oil Futures Prices Stable, Nigerian Light Crude Oil Production Resumed.

06:59 WendyCS

The risk of war receded, and Hedging funds sold oil at the fastest pace in more than six longest months

(1) As there were signs that Israel and Iran had chosen not to escalate the conflict, investors sold oil at the fastest pace in six long months, causing crude oil prices to stop pump before hitting $100 a barrel. (2) In the seven days ending April 23, Hedging funds and other fund managers sold the equivalent of 95 million barrels of the six most important oil futures and options contracts. (3) According to reports submitted to ICE Futures Europe and exchange CFTC, this is the fastest selling rate since October 2023, with a cumulative two-week sale of 119 million barrels. (4) Total open interest fell to 566 million barrels (49th percentile) from 685 million barrels on April 9 (66th percentile for all weeks since 2013) as the war risk premium disappeared. (5) In the last week, there has been a lot of selling in most markets, especially crude oil and European diesel, which are the most vulnerable to the Middle East conflict. Funds sold Brent crude (-39 million barrels), New York Mercantile exchange (NYMEX) and ICE U.S. crude (-26 million barrels), European diesel (-24 million barrels) and U.S. gasoline (-7 million barrels), although U.S. diesel Position was unchanged. (6) Total crude oil Holdings fell to 453 million barrels (46th percentile) from 522 million barrels (59th percentile) earlier this month at the height of the Iran-Israel confrontation. (7) The ratio of bullish Long Position to fall Short Position increased from 4.97 in late March

05:10 WendyCS

Citi: The short-term momentum model predicts that crude oil prices will rise at the end of the month and give a neutral-bullish signal to ICE Brent in the next 5-10 days.

05:54 DailyNews

Jinse Finance reported that according to the security monitoring of the SharkTeam on-chain analysis platform ChainAegis, the Mike Wazowski Monsters Inc token MIKE and the Sid Ice Age token SID were manipulated by the backdoor function on the Ethereum chain, which allows unlimited minting tokens. currency. It is understood that the scammer with the address starting with 0xF7E0d99 has made a profit of 87.9 ETH, or about $171,000, from this operation. It is recommended that users remove the liquidity of MiKE/WETH and SID/WETH trading pairs to avoid further losses and take necessary safety measures.

06:14 DailyNews

Odaily Planet Daily News According to Beosin_monitoring, the attacker used the backdoor function to Rug the projects Mike Wazowski Monsters Inc (MIKE) and Sid Ice Age (SID) on Ethereum. This feature allows unlimited minting of tokens. The scammers have already made 87.9 ETH, or about $171,000, from this operation. Beosin advises users to withdraw MiKE/WETH and SID/WETH liquidity to avoid further losses.

Friday

2025/06/06

13:00 BlockBeatNews

Trump: America is now "burning hot", prices are down, and wages are rising.

BlockBeats news, on June 6, U.S. President Trump posted on social media, "America is now boiling hot! Six months ago it was as cold as ice! The border is closed, prices are falling, and wages are rising!"

01:53 GoldenOctober2024

Suspicion of glass fragments mixed in, over a thousand bags of ice cubes from Japanese Lawson convenience stores recalled

On December 27th, Jinshi Data News, local time, learned that the Japanese Lawson Group announced the recall of 1320 bags of ice sold in convenience stores due to possible glass fragments. It is reported that the product being recalled this time is 'Lawson Ice 1.1kg', which was sold in some Lawson convenience stores in Tokyo, Saitama Prefecture, and Yamanashi Prefecture from 0:00 on the 25th to 16:00 on the 26th local time. Lawson stated that the factory that produced the ice on the 25th confirmed that the sterilization lamp glass cover was damaged. As of 19:00 on the 26th, no reports of consumer health damage have been received.

13:00 GoldenOctober2024

Enter the flood season, the first ice jam appeared in the Ningxia section of the Yellow River this winter

On December 20, 2024, due to the recent cold air influence, the Yellow River in Ningxia experienced the first ice flow, with the first ice flow located 6 kilometers upstream of the Shizuishan Yellow River Bridge, with a length of 25 kilometers and a density of 5% to 10%. This is 2 days later than the average year and 3 days later than 2023, marking the beginning of the ice jam period in the Ningxia section of the Yellow River from 2024 to 2025.

17:53 GoldenOctober2024

Brent crude bullish sentiment hits all-time low

On August 10, according to Intercontinental Exchange (ICE), speculators' net long positions of ICE Brent crude oil decreased by 52,552 contracts to 25,438 contracts, reaching a new low since January 2011. Pure long positions fell to 175,351 contracts, reaching a recent eleven-year low; pure short positions rose to 149,913 contracts, reaching a new high in over two months.

04:56 GoldenOctober2024

Technical Analysis: ICE raw sugar prices successfully broke through this target level of 19.82

ICE sugar futures prices broke through 19.82, confirming the path for further upward movement in the next stage, with the next target at 20.55 to 21.35. Intraday trading is dominated by a bullish trend, but falling below 19.82 will halt the rise and the price may turn downward. Today's trading range is between 19.90 and 20.70.

05:42 GoldenOctober2024

Daily summary of international futures technical analysis, with shorting opportunities for 3 futures products including ICE cotton.

02:11 WendyCS

Dollar strengthens after Powell says two rate hikes still possible

In late trading in New York on Thursday (June 22), the ICE U.S. dollar index fell 0.30% to 102.40 points. The U.S. dollar index jumped due to Federal Reserve Chairman Powell’s hawkish testimony, saying that there may still be two interest rate hikes. High volatility. The Bloomberg Dollar Index rose 0.31% to 1226.50.

Wednesday

2025/04/30

04:51 GNews

$ICE Gains Over 23% after announcing potential token listing on top crypto platform

Gate.io News

05:03 GoldenOctober2024

Technical Analysis: ICE sugar prices fall to test support line, bullish trend awaits recovery

The ICE raw sugar price tested the support line of the intraday bullish channel, and fell under the influence of the stochastic indicator. It is expected to resume the intraday bullish trend, with a target of 19.82, and a breakthrough could go to 20.55 and 21.35. EMA50 supports the bullish view, with the trend effective above 18.90. The expected trading range is between 19.25 and 20.00.

05:08 GoldenOctober2024

Futures Long Technical Analysis 6.19 - Technical Overview

Daily technical summary of foreign futures varieties, among which 9 futures varieties such as CBOT soybeans, WTI crude oil, ICE raw sugar have long opportunities.

05:20 GoldenOctober2024

Daily summary of technical analysis of foreign futures. There are short-selling opportunities in 5 futures products including ICE cotton.

02:37 WendyCS

Traders are ready for the least "dovish" Fed

Intrerest rate traders are currently expecting the Fed to cut rates by the smallest amount to date in 2024, according to Fed funds futures. The change in borrowing costs in December 2024 and January 2025 is also expected to be the smallest to date, even lower than when the 10-year Treasury yield peaked in late October last year. Meanwhile, the ICE BofA MOVE index, which measures the implied volatility of Treasuries, rose today to its highest point since early January.

02:32 WendyCS

U.S. CFT: Hedging funds' bullish sentiment on oil prices heated up for the first time since September

Data from the U.S. Commodity Futures Trading Commission (CFTC) showed that speculators' net long positions in NYMEX WTI crude oil increased by 36,513 contracts to 109,723 contracts in the week ended Dec. 19, a five-week high. The net long position in Brent and WTI crude oil increased by 101,578 contracts to 250,850 contracts, also hitting a five-week high. Data from the Intercontinental Exchange (ICE) showed that speculators' net long position in Brent crude oil increased by 57,254 contracts to 154,944 contracts, a new three-week high.

05:29 WendyCS

Investors are skeptical that OPEC+ will not be able to push oil prices higher, but the outlook for refined oil prices is positive

(1) Investors are increasingly pessimistic about the outlook for crude oil prices, with growing doubts about whether OPEC+ producers' production cuts will be sufficient to offset the impact of increased production and a deteriorating economic outlook in non-OPEC countries. (2) But many professional fund managers are more optimistic about refined product prices, especially U.S. gasoline and diesel, and they expect low inventories to ensure that refined product prices continue to be stronger than crude oil. (3) In the seven days ending Nov. 21, hedge funds and other fund managers sold the equivalent of just 3 million barrels of crude oil in the six most important oil futures and options contracts. (4) Crude oil sales (-25 million barrels), including Brent (-16 million barrels), New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) West Texas Intermediate (WTI) (-9 million barrels), were offset by purchases of refined products (up 21 million barrels), including U.S. gasoline (up 13 million barrels) and European diesel (up 10 million barrels). (5) Total crude oil holdings have fallen to just 225 million barrels, in the lowest percentile, and less than 20 million barrels from the all-time low since 2013. As U.S. oil production continues to climb, positions in NYMEX and ICE WTI are particularly low, at just 70 million barrels (the second percentile of all weeks since 2013).

02:02 WendyCS

U.S. stocks, U.S. Treasuries, the U.S. dollar, and gold held their stride, and the minutes showed that the Fed was united in "cautiously moving forward with further rate hikes."

The US 10-year Treasury yield narrowed slightly to less than 0.6 basis points, retreating below 4.43% after the release of the Fed minutes. The two-year Treasury yield maintained a decline of about 1.7 basis points, trading above 4.89%. The S&P 500 is currently down 0.18%, the Dow is down 65 points or 0.19%, and the Nasdaq is down 0.64%. The Bank of Philadelphia index is currently down 0.97%. Spot gold hovered below the $2,000 integer psychological mark, and is still up more than 1.0%. The ICE U.S. Dollar Index is currently up 0.2% at 103.64, hovering near a daily high of 103.661 before the release of the Fed minutes.

01:49 WendyCS

Societe Generale: Dollar may erase all post-pandemic gains, return to December 2020 lows

Kit Juckes, a macro strategist at Societe Generale, believes that the dollar's decline in the past eight months may mean that all the gains made by the greenback in the wake of the new crown epidemic will soon be wiped out. With the market expecting the Fed to finish raising interest rates this year, he expects the dollar to return to the lows seen in December 2020, when the ICE U.S. Dollar Index briefly fell below 90. Over the past week, investors' expectations on the outlook for US interest rates have changed. The probability of a rate hike in July is now close to 100%, and the probability of a rate cut in January next year is close to 40%. The shift in expectations has sparked a wave of bearish dollar sentiment on Wall Street, with many top currency analysts suggesting the greenback's path of least resistance may be a weaker currency.