Monthly Archives: July 2024
Euro Jumps After Legislative Vote Held
Written on July 3, 2024 at 6:34 am, by
Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which aligned with market expectations. The mixed results of recent U.S. economic indicators have cast uncertainty over the Federal Reserve’s upcoming monetary policy moves, although part of the market remains optimistic about an October rate cut. The euro surgedContinue Reading
Euro Jumps After Legislative Vote Held
Written on July 3, 2024 at 6:33 am, by
Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which aligned with market expectations. The mixed results of recent U.S. economic indicators have cast uncertainty over the Federal Reserve’s upcoming monetary policy moves, although part of the market remains optimistic about an October rate cut. The euro surgedContinue Reading
All Eye On Today’s U.S. PCE
Written on July 3, 2024 at 6:33 am, by
Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economic indicators including upbeat Initial Jobless Claims and GDP figures. However, bullish momentum remained tempered amidst market perceptions of a potential Fed policy shift in September, reflected in a decline in U.S. Treasury yields. Investors are eagerly anticipatingContinue Reading