等待游戏：美联储保持稳定，但并非所有人都同意。预计联邦公开市场委员会本周将保持其政策利率在4.25%-4.50%的范围内不变。

Waiting Game: Fed Holds Steady, But Not Everyone's on Board.The FOMC is expected to leave its policy rate unchanged in the 4.25%–4.50% range this week.

美国财政部以3.983%的高收益率拍卖了700亿美元的5年期国债。上周，20年期国债拍卖确实显示国际买家接近六个月的平均水平。最近的大多数拍卖会上，国际买家的数量远低于六个月的平均水平（如今天），而国内买家则填补了部分空白。

U.S. Treasury auctions off $70 billion of 5-year notes at a high yield of 3.983%.Last week, the 20-year note auction did show international buyers near the six-month average. Most of the recent auctions have had international buyers much less than the six-month average (like today's), while domestic buyers have been taking up some of the slack.

美元预测：关税协议提振市场情绪——所有人都在关注下一次突破的50天均线。随着美国-欧盟关税协议提振市场情绪，DXY反弹。交易员在美联储和日本央行会议之前关注50天均线突破确认。

US Dollar Forecast: Tariff Deals Lift Sentiment—All Eyes on 50-Day MA for Next Breakout.DXY rebounds as U.S.-EU tariff deal lifts sentiment. Traders eye 50-day MA for breakout confirmation ahead of Fed and BoJ meetings.

欧元在“不平等”贸易协定的批评下下跌，美元占主导地位。欧元/美元在周一早盘反弹后大幅逆转，因为市场继续消化新的美欧贸易框架的影响。该货币对的下跌是由欧元疲软和美元重新走强共同推动的，反映了投资者对该交易的反应不佳，并将兴趣重新转向美国资产。

Dollar Dominates as Euro Sinks Under Criticism of ‘Unequal' Trade Pact.EUR/USD reversed sharply after an early bounce on Monday, as markets continued to digest the implications of the new US–EU trade framework. The pair's drop was driven by a combination of Euro weakness and resurgent Dollar strength, reflecting an underwhelming investor response to the deal and shifting interest back toward US assets.