Monthly Archives: September 2023
Chinese Ailing Economy Drags Kiwi Lower
Written on September 4, 2023 at 9:53 am, by jonywang
The New Zealand dollar has declined and cannot recover due to China’s ongoing struggles in stimulating its economy. The Chinese stock market remains in a downward trend, primarily influenced by challenges within the property sector and limited Chinese economic stimulus efforts. The recent bullish oil prices have also hindered the much-worried Chinese economy, as theContinue Reading
Powell’s Hawkish Statement Boosts Dollar
Written on September 4, 2023 at 9:51 am, by jonywang
The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has contributed to theContinue Reading
Risk-on Sentiment Heightens Ahead Of Job Data
Written on September 4, 2023 at 9:50 am, by jonywang
US equities advanced as the dollar’s vigor abated after Jerome Powell’s dovish tone at the Jackson Hole Symposium. US equities advanced as the dollar’s vigor abated after assimilating Jerome Powell’s Jackson Hole Symposium discourse. Powell’s subtly dovish tone vowed meticulous inflation management to foster risk appetite. Speculation also swirled around a softer labor market andContinue Reading
