Monthly Archives: February 2025
Dollar Faces Headwind and Slides
Written on February 17, 2025 at 5:59 am, by
Market Summary The U.S. dollar extended its decline, slipping to a three-week low despite Wednesday’s hotter-than-expected CPI reading and stronger-than-anticipated Initial Jobless Claims data. Typically, such figures would bolster the greenback, but investor confidence remains shaky as concerns over the U.S. economy mount. The nation’s rising debt levels and the Trump administration’s aggressive trade stance—particularlyContinue Reading
Upbeat CPI Fuels Dollar’s Strength
Written on February 17, 2025 at 5:58 am, by
Market Summary Investors remained focused on the U.S. CPI data after Federal Reserve Chair Jerome Powell reinforced a hawkish outlook in his testimony on Tuesday, emphasizing the central bank’s commitment to maintaining restrictive monetary policy amid strong economic performance. The dollar initially strengthened as inflation came in at 3%, prompting Powell to reiterate that theContinue Reading
Gold Retreat after Breaking New High
Written on February 17, 2025 at 5:57 am, by
Market Summary The market’s attention remained squarely on Federal Reserve Chair Jerome Powell’s semi-annual testimony before the Senate, where he reiterated that the Fed has already cut interest rates by 100 basis points from their peak. Powell emphasized that while the U.S. economy remains resilient, persistent inflationary pressures justify a patient approach to further rateContinue Reading
