Monthly Archives: June 2024
Soft CPI Hammers Dollar
Written on June 26, 2024 at 6:10 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
