Monthly Archives: June 2024
Pound Sterling Steady Ahead of UK CPI
Written on June 26, 2024 at 6:21 am, by
Market Summary The dollar index (DXY) slid further after U.S. Retail Sales figures came in below market expectations, triggering a technical correction for the dollar. U.S. policymakers have emphasised the need for patience on rate cuts, citing the necessity for more evidence to prove that inflation is cooling. The risk-on sentiment has also buoyed theContinue Reading
Pound Sterling Steady Ahead of UK CPI
Written on June 26, 2024 at 6:21 am, by
Market Summary The dollar index (DXY) slid further after U.S. Retail Sales figures came in below market expectations, triggering a technical correction for the dollar. U.S. policymakers have emphasised the need for patience on rate cuts, citing the necessity for more evidence to prove that inflation is cooling. The risk-on sentiment has also buoyed theContinue Reading
Yen Strengthen In Hawkish BoJ Statement
Written on June 26, 2024 at 6:20 am, by
Market Summary The U.S. dollar is hovering near its recent high levels amid global navigation through Eurozone political uncertainty and the divergence in central bank monetary policies. Besides the U.S. dollar, market attention is focused on the Australian dollar today as the Reserve Bank of Australia (RBA) is set to announce its interest rate decision,Continue Reading
