Monthly Archives: November 2024
Dollar Surge on High CPI
Written on November 18, 2024 at 7:24 am, by
Market Summary The U.S. CPI release aligned with market expectations at 2.6%, reflecting a rebound in inflation within the country. Coupled with Donald Trump’s election victory, this trend strengthens the likelihood of the Fed maintaining a restrictive stance to counter inflationary risks. This cautious Fed outlook contributed to a pause in Wall Street’s recent rally,Continue Reading
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
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
