Monthly Archives: February 2024
U.S. PCE Pressures Dollar To Trade Lower
Written on February 20, 2024 at 3:23 am, by jonywang
The PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The Federal Reserve’s preferred inflation gauge, the PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The inflation data, aligning with market expectations at 2.6%, suggests that pricing pressures in the U.S. areContinue Reading
Yen Stimulates by Hawkish BoJ meeting minutes
Written on February 20, 2024 at 2:29 am, by jonywang
The Japanese Yen gained strength following the release of the Bank of Japan (BoJ) meeting minutes, where discussions about the potential end of the negative rate policy were noted. The Japanese Yen gained strength following the release of the Bank of Japan (BoJ) meeting minutes, where discussions about the potential end of the negative rateContinue Reading
Powell’s Hawkish Statement Stirs Equity Market
Written on February 20, 2024 at 2:12 am, by jonywang
Jerome Powell emphasised that the central bank is not in a rush to shift its monetary policy and has ruled out near-term interest rate cuts The Federal Reserve’s interest rate decision aligned with market expectations, maintaining the rate at its current level. However, the notable aspect of the event unfolded in the statements made afterContinue Reading
