China values US Treasury investmentsThe index was defeated at the 92.70 resistance levelIn offshore markets overnight, Treasury yields jumped and the dollar and U.S. stocks sold off on news that China may be considering slowing or suspending its purchases of U.S. debt. The dollar gave up gains for the week against a basket of major currencies to trade down more than 50 points at 91.92, down 0.6 per cent on the day, its biggest drop in a month. On the non-U.S. front, the dollar remained under pressure against the yen after the Bank of Japan revised its long-term government bond buying program earlier this week, falling more than 1.2 percent to a late-November low of 111.26 on Wednesday, its biggest one-day drop in eight months. Meanwhile, the U.S. dollar rose against the Canadian dollar and Mexican peso on reports that Canada believes U.S. President Donald Trump is likely to announce his withdrawal from the North American Free Trade Agreement (NAFTA) during the sixth round of negotiations at the end of January. In addition, the pound continued its decline as profits were locked in.Eur/USD closed at 1.1945; GBP/USD closed at 1.3505; Aud/USD closed at 0.7841; Usd/JPY closed at 111.42; Usd/CAD closed at 1.2545; Usd/CHF closed at 0.9781. Spot gold settled at $1,316.68 an ounce; Comex gold settled at $1,319.30 an ounce; Spot silver closed at $16.95 an ounce; Futures settled at $17.035 an ounce on Comex; NYMEX crude closed at $63.57 a barrel; Brent crude settled at $69.20 a barrel.China's consumer price index (CPI) in December rose to 1.8% from 1.7% vs. 1.9% expected; China's annual producer price index fell to 4.9 per cent in December from 5.8 per cent, versus expectations of 4.8 per cent.Meanwhile, data from the Office for National Statistics on Wednesday showed the annual rate of UK industrial output fell to 2.5% in November from 4.3%, compared with expectations of 1.8%.On the news, according to people familiar with the matter, senior Chinese officials reviewing China's foreign exchange reserves have recommended slowing or stopping purchases of U.S. Treasuries. The news came as global bond markets had already begun to sell off on signs that central banks were beginning to wind down after years of bond-buying programmes. The yield on the 10-year Treasury note rose for a fifth straight session, hitting its highest level since March. China's State Administration of Foreign Exchange has not commented on the matter.Looking ahead, the sell-off in global bond markets has already begun amid signs that central banks are pulling back after years of bond-buying stimulus. Meanwhile, Bill Gross, known as the "bond king," has warned recently that a bond bear market has finally arrived after more than 25 years.The upper resistance of the dollar index is currently at the 92.70 level, and the potential flip position below is near 91.35. The recent increase in uncertainty in the market suggests that it is appropriate to wait and see to seek more certain signals on the right. Buy can wait around 91.35, stop loss around 35 points; Or effectively break 92.70 and then consider entering multiple orders.Gold is still 1303/06 and 1340/45 are equal support and resistance areas, and prudent investors can consider 1311/12 and 1303/06 regions to buy in batches. However, the average cost should be controlled near 1306, and a stop loss of 4-5 dollars can be achieved.