Monthly Archives: January 2024
U.S. Government Shutdown Averts Fuels Risk-On Sentiment
Written on January 19, 2024 at 5:44 am, by jonywang
The greenback experiences a slight easing as the U.S. Congress approves funding for government spending The U.S. economic data continues to underscore robust performance, contributing to the dollar’s strength. However, the greenback experiences a slight easing as the U.S. Congress approves funding for government spending, alleviating concerns about a potential government shutdown and reducing demandContinue Reading
Dollar Strengthen as Fed Rate Cut Speculation Wane
Written on January 17, 2024 at 10:02 am, by jonywang
The U.S. dollar maintained its upward trajectory, putting pressure on both gold and equity markets. Despite a relatively dovish speech from Fed governor Christopher Waller, the U.S. dollar maintained its upward trajectory, putting pressure on both gold and equity markets. Wall Street faced selling pressure as early bets on Fed rate cuts diminished. Gold pricesContinue Reading
Hawkish Fed Meeting Minutes Boosts Dollar
Written on January 17, 2024 at 5:11 am, by jonywang
The U.S. dollar strengthened, driven by the Hawkish narrative revealed in the meeting minutes. U.S. equity markets registered a second consecutive decline following the release of the December Federal Reserve meeting minutes. The U.S. central bank signalled an intention to maintain interest rates at a restrictive level for an extended period until U.S. inflation reachesContinue Reading
