Yingwei financial investment Com -- in the European market on Monday, the dollar weakened. Although the hawks of the Federal Reserve supported the Federal Reserve to raise interest rates by 75 basis points again, they failed to support the dollar.

As of 17:32 Beijing time (05:32 a.m. EDT), US dollar index futures, which measure the trend of the US dollar against six trade weighted major currencies, fell 0.41% to 104.062. Last week, US dollar index futures hit 105.565, the highest level since 2002.

Although China's inflation pressure has decreased significantly and the unemployment rate has increased in recent weeks, the people's Bank of China kept the LPR interest rate unchanged at 3.70% earlier today, supporting risk sentiment. The offshore RMB exchange rate rose 0.34% to 6.6860.

On the other hand, Christopher Waller, governor of the Federal Reserve, said he would "spare no effort" to reduce inflation and was open to the Federal Reserve raising interest rates by 75 basis points in July. However, Waller ruled out the possibility of raising interest rates by 100 basis points, warning that doing so would cause severe market shocks.

Waller is a well-known hawk. His remarks show that the Fed will not reach an agreement on the speed of interest rate hike in the near future, although US Treasury Secretary Janet Yellen and another fed governor Loretta mester said that inflation may remain high for the rest of the period.

On the other hand, as today is a federal holiday in the United States, the market may be light.

At the same time, although the political party of French President Emmanuel macron lost a majority of seats in the parliamentary election, the impact on the euro was limited. On the contrary, the euro rose 0.38% to 1.0538 against the US dollar.

However, French government bonds reacted slightly. The yield of French 10-year Treasury bonds rose by 5 basis points at one time, but then erased the increase.

In addition, the German government promised to invest more money to ensure winter energy supply over the weekend and announced the restart of several coal-fired power plants, sending a strong signal that the German government supports the economy.

However, data shows that inflationary pressure in Germany remains heavy. Germany's producer price index (PPI) reached a record annual rate of 33.6% and a monthly rate of 1.6% in May. In addition, European natural gas prices continued to rise by 5% as Russia cut the amount of natural gas supplied to Europe.

In other currencies, sterling rose 0.20% to 1.2249, fearing strikes by national rail and London Underground staff.