SMM

Negotiations on the U.S. debt ceiling reached a stalemate at the beginning of last week, and the market's risk aversion sentiment was strong. The US dollar index rose to 104, and risky assets such as copper continued to be under pressure. At the end of the week, the U.S. debt ceiling issue made substantial progress, and the debt ceiling may be extended to 2024. Therefore, the risk aversion sentiment in the market subsided, the US dollar index fell, and risky assets such as copper rebounded.