Monthly Archives: February 2024
Soft Retail Sales Hammers Dollar
Written on February 20, 2024 at 2:01 am, by jonywang
The Retail Sales figure disappointed at -0.8%, marking its lowest point since January 2023. This has fueled expectations for a potential rate cut by the Federal Reserve in May. The much-anticipated U.S. Retail Sales figures failed to sustain positive sentiment following the robust Consumer Price Index (CPI) reading unveiled last Tuesday. Despite a decline inContinue Reading
Dollar Retreats On Profit-Taking, Eyes On FOMC Minutes
Written on February 20, 2024 at 2:01 am, by jonywang
The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data suggesting a delay in Federal Reserve interest rate cuts. Despite the pullback, the dollar’s overall resilience remains intact,Continue Reading
Dollar Retreats On Profit-Taking, Eyes On FOMC Minutes
Written on February 20, 2024 at 2:01 am, by jonywang
The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data suggesting a delay in Federal Reserve interest rate cuts. Despite the pullback, the dollar’s overall resilience remains intact,Continue Reading
