Monthly Archives: May 2024
BoJ Trim Bond Buying Amid Weakening Yen
Written on May 14, 2024 at 6:09 am, by
Market Summary On Friday, the U.S. dollar remained stagnant after being affected by positive initial jobless claims data, which hinted at an easing job market and potential measures from the Fed to curb inflation. U.S. equity markets continued their upward trajectory in anticipation of a more accommodative monetary policy from the Fed in the nearContinue Reading
Soft U.S. Job Data Hammers Dollar
Written on May 14, 2024 at 6:06 am, by
Market Summary Following the market’s digestion of last Friday’s soft Nonfarm Payrolls report, the dollar index (DXY) initially showed signs of recovery, inching towards the $106 mark and mitigating previous losses. However, the dollar’s upward momentum was abruptly halted by the release of the latest U.S. Initial Jobless Claims data, which surged to levels unseenContinue Reading
All Eye on BoE’s Monetary Decision Today
Written on May 14, 2024 at 6:04 am, by
Market Summary In the last session, the financial markets experienced relative calm, with the dollar index (DXY) maintaining stability around the 105.50 level, while U.S. equity markets remained near recent highs. Notable movements were observed in the bond markets, where the 10-year benchmark yields for Australia, New Zealand, and Japan saw increases, potentially bolstering theirContinue Reading
