Monthly Archives: July 2024
U.S. Geopolitical Issue Boost Dollar’s Strength
Written on July 25, 2024 at 6:17 am, by
Market Summary Over the weekend, a significant event unfolded in the U.S. presidential race as candidate Donald Trump was shot at a campaign rally in Pennsylvania, intensifying geopolitical uncertainty across markets. The dollar swiftly reacted, rebounding from recent lows amid expectations that Trump’s fiscal policies, known for potentially boosting treasury yields, could strengthen the currencyContinue Reading
Dollar Plummet On Soft CPI
Written on July 25, 2024 at 6:16 am, by
Market Summary The highly anticipated U.S. CPI report met expectations with a figure below market consensus, shaking up financial markets. The dollar plummeted to its lowest level since last month amid heightened speculation of a dovish Fed stance. Concurrently, the U.S. equity market experienced a notable anomaly, marked by significant declines. This anomaly is attributedContinue Reading
Dollar Soften After Jerome Dovish Testimony
Written on July 25, 2024 at 6:15 am, by
Market Summary Jerome Powell’s two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market’s risk-on sentiment and tempered the dollar’s strength amidst expectations of accommodative monetary policy. Wall Street continued its rally as the U.S. equity market entered earnings season, buoyed by optimistic outlooks for corporate earnings. Attention now turnsContinue Reading
