Fed holds rates hawkish, USD jumps; gold -2%, oil extends losses.

On Wednesday local time, the Federal Reserve kept its benchmark interest rate unchanged, but the dot matrix suggests that it will raise interest rates later this year. Meanwhile, it is reported that the presidents of the United States and Iran have signed a memorandum of understanding online. The US dollar index rose strongly, reaching the 100 integer level and ultimately closing up 0.84% at 100.37; The benchmark 10-year Treasury yield closed at 4.491%, while the 2-year Treasury yield sensitive to the Federal Reserve policy rate closed at 4.197%. On Thursday morning (June 18th Beijing time) in the Asian market, spot gold traded around $4280 per ounce. Gold prices fell nearly 2% on Wednesday, despite the Federal Reserve maintaining its policy rate unchanged at 3.50% -3.75%. The hawkish stance of the committee and the Fed's policy statement removed previous hints of a possible interest rate cut this year and completely canceled any forward guidance on future interest rate actions. International crude oil continued to decline, and fluctuated violently during the session under the influence of geopolitical news in the Middle East. Due to Israel's renewed attack on southern Lebanon and Trump's threat to resume bombing Iran if dissatisfied with the agreement, WTI crude oil briefly rose within a day, but fell back after news that the US and Iran had signed the agreement, ultimately closing down 1.22% at $75.72 per barrel; Brent crude oil ultimately closed down 0.9% at $78.52 per barrel.