Monthly Archives: February 2024
U.S. Dollar Edges Higher Ahead Of GDP
Written on February 20, 2024 at 2:04 am, by jonywang
In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. InvestorsContinue Reading
Robust CPI Report Sparks Surge In Dollar Demand
Written on February 20, 2024 at 2:03 am, by jonywang
January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. The Dollar Index hits a three-month high, driven by robust economic indicators, including strong job reports, GDP figures and US inflation. January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. Market expectations for Federal Reserve policyContinue Reading
Dollar Ease On Profit-Taking Sentiment
Written on February 20, 2024 at 2:02 am, by jonywang
The Dollar Index (DXY) experienced a moderation in its bullish momentum due to prevailing profit-taking sentiment in the market. The Dollar Index (DXY), initially bolstered by a positive Consumer Price Index (CPI) reading, experienced a moderation in its bullish momentum due to prevailing profit-taking sentiment in the market. Nevertheless, the steadfastly hawkish stance maintained byContinue Reading
