Monthly Archives: June 2024
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
Dollar Strengthens Amid Hawkish Fed Remarks
Written on June 26, 2024 at 6:19 am, by
Market Summary The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors took profits amidst market uncertainties.Continue Reading
Dollar Gains on Hawkish Fed Outlook
Written on June 26, 2024 at 6:19 am, by
Market Summary After digesting Jerome Powell’s comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by the prospect ofContinue Reading
