Monthly Archives: September 2023
All Eyes On Jackson Hole Economic Symposium
Written on September 4, 2023 at 9:55 am, by jonywang
Before the release of the Jackson Hole Economic Symposium, the dollar surged impressively due to the positive initial jobless claims data. In anticipation of Jerome Powell’s address at the Jackson Hole Economic Symposium today, the dollar surged impressively by over 0.6% yesterday, propelling the dollar index to a current trading position above $104.00. This riseContinue Reading
Chinese Ailing Economy Drags Kiwi Lower
Written on September 4, 2023 at 9:53 am, by jonywang
The New Zealand dollar has declined and cannot recover due to China’s ongoing struggles in stimulating its economy. The Chinese stock market remains in a downward trend, primarily influenced by challenges within the property sector and limited Chinese economic stimulus efforts. The recent bullish oil prices have also hindered the much-worried Chinese economy, as theContinue Reading
Powell’s Hawkish Statement Boosts Dollar
Written on September 4, 2023 at 9:51 am, by jonywang
The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has contributed to theContinue Reading
