The annual rate of quarterly CPI in the United States hit a 13-year high in April.

20Rang30, the United States announced that the unquarterly CPI annual rate recorded 4.2% in April, the highest since September 2008, and much higher than the expected 3.6%.After the quarterly adjustment in April, the monthly rate of CPI recorded 0.8 per cent, higher than the previous value of 0.6 per cent.

After the release of the data, the short-term decline in spot gold widened to $10, reaching as low as $1821, while the yield on 10-year Treasuries jumped short-term to 1.65 per cent, up 1.65 per cent on the day. The most active gold futures contract of COMEX traded 3154 lots in one minute at 20:32 on May 12, Beijing time, with a total value of US $576 million.

In the foreign exchange market, the US dollar index rose nearly 30 points in the short term; non-US currencies weakened collectively, with the pound falling about 30 points against the US dollar, the euro falling about 50 points against the US dollar and the Australian dollar falling nearly 40 points against the US dollar.

Us technology stocks were sold off fiercely, NASDAQThe decline in 100 index futures widened to 1.5%, while Dow futures fell 200 points at one point.

Forexliver, a financial website, believes that the data is very surprising and that the dollar is rising. Everyone expects a rebound because of the base effect, but it is a surprise and will test the resolve of the Federal Open Market Committee and the determination of the market to see through bottlenecks or temporary factors.

This is a big mistake, and the US index is rising. Everyone expects CPI to rise sharply because of the base effect, but the magnitude does surprise the market and will test the resolve of the Federal Open Market Committee ((FOMC)) and the extent to which the market ignores supply bottlenecks or temporary factors.