Monthly Archives: September 2023
Dollar Strengthens on Fed Outlook
Written on September 7, 2023 at 9:13 am, by jonywang
The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. Short-term U.S. bond yields have surged past 5%, while downward pressureContinue Reading
Strong NFP Bolsters Dollar’s Strength
Written on September 5, 2023 at 9:06 am, by jonywang
Nonfarm Payroll beat expectations, lifting the dollar. China reduced property down payments, boosting its equity markets. The latest Nonfarm Payroll report, released last Friday, exceeded market expectations with 187k jobs added, significantly higher than the previous 157k. This robust job data boosted the dollar by over 0.6%, while equity markets took some time to digestContinue Reading
Caixin Services PMI Shows China’s Economy is Still Struggling
Written on September 5, 2023 at 8:56 am, by jonywang
China’s equity market dropped, influenced by the decline of Caixin Services PMI reading, underscoring persistent challenges in China’s ongoing economic recovery. Last night, US markets observed Labor Day celebrations, resulting in a subdued environment across asset classes, marked by sideways trading. Conversely, China’s equity market experienced a morning session decline. The catalyst was a CaixinContinue Reading
