Yearly Archives: 2024
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
Soft CPI Hammers Dollar

Written on June 26, 2024 at 6:15 am, by
Market Summary The financial markets experienced significant fluctuations in the last session, driven by two major economic events. Firstly, the U.S. CPI came in lower than market consensus, indicating easing inflation and boosting risk appetite. However, later in the session, the FOMC announced that there will be only one interest rate cut this year, reinforcingContinue Reading
Dollar Steadies As The Market Await For FOMC Minutes

Written on June 26, 2024 at 6:04 am, by
Market Summary The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes. Although the market widely believes that the Fed will keep the rate on hold, there is less certainty about the officials’ rateContinue Reading