Monthly Archives: February 2025
Hawkish Fed Meeting Minutes Fuels Dollar’s Strength
Written on February 3, 2025 at 4:29 am, by
Market Summary Yesterday’s market focus was dominated by U.S. economic indicators and the release of the Fed meeting minutes. The dollar experienced mixed movements, pressured by a weaker-than-expected U.S. ADP Nonfarm Employment Change but supported by better-than-expected Initial Jobless Claims data. The Fed minutes revealed a cautious stance, as members acknowledged the economy’s resilience andContinue Reading
Dollar Strengthen on Strong Economic Performance
Written on February 3, 2025 at 4:29 am, by
Market Summary The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump’s inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend. Positive U.S. economic data, including upbeat PMIContinue Reading
Canadian Dollar Calm After Prime Minister Step-Down
Written on February 3, 2025 at 4:29 am, by
Market Summary Canadian Prime Minister Justin Trudeau announced his resignation after nine years in office, leaving the Canadian dollar relatively steady as markets look forward to new leadership. Meanwhile, the U.S. dollar faced downward pressure amid reports that President-elect Donald Trump may ease tariff policies on imported goods, reducing concerns over trade tensions. This softerContinue Reading
