Monthly Archives: November 2024
Dollar Remain Firm Ahead of CPI
Written on November 18, 2024 at 7:23 am, by
Market Summary The treasury market experienced intensified sell-off pressure, driving yields higher and boosting dollar strength in recent sessions. The Dollar Index (DXY) reached the 106.00 mark for the first time since June, with all eyes on the upcoming U.S. CPI reading, which could be pivotal for the dollar’s trajectory. Rising yields have pressured WallContinue Reading
Dow Jones Reach New High on Trump Victory
Written on November 18, 2024 at 7:23 am, by
Market Summary The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session.Continue Reading
Yen Eases on Dovish BoJ Monetary Policy Prospect
Written on November 18, 2024 at 7:22 am, by
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at the start ofContinue Reading
