Yearly Archives: 2024
Dollar Remain Strong on Upbeat CPI
Written on September 18, 2024 at 11:09 pm, by
Market Summary The U.S. CPI readings released last night exceeded market expectations, dispelling concerns about an economic contraction in the U.S. In response, Wall Street rallied, with the Nasdaq leading the gains, climbing over 350 points in the last session. In the bond market, swap traders are now fully pricing in a quarter-point rate cutContinue Reading
All Eyes on U.S. CPI Today
Written on September 18, 2024 at 11:09 pm, by
Market Summary Ahead of the highly anticipated U.S. CPI data release today, which the market is closely watching for clues on the Fed’s upcoming monetary policy moves, Wall Street remained largely unchanged in the previous session. The dollar index (DXY) faced rejection below the $102 mark, signalling that expectations of a Fed rate cut areContinue Reading
U.S. Dollar Steady Ahead of CPI
Written on September 18, 2024 at 11:08 pm, by
Market Summary The U.S. dollar remained stable in the last session as traders await Wednesday’s key U.S. inflation data, which is expected to provide clues on the Federal Reserve’s rate cut decision next week. Wall Street saw a slight recovery from its recent bearish trend, with the Dow Jones surging nearly 500 points. In contrast,Continue Reading
