Monthly Archives: June 2024
Yen Strengthen In Hawkish BoJ Statement
Written on June 26, 2024 at 6:20 am, by
Market Summary The U.S. dollar is hovering near its recent high levels amid global navigation through Eurozone political uncertainty and the divergence in central bank monetary policies. Besides the U.S. dollar, market attention is focused on the Australian dollar today as the Reserve Bank of Australia (RBA) is set to announce its interest rate decision,Continue Reading
Dollar Strengthens Amid Hawkish Fed Remarks
Written on June 26, 2024 at 6:19 am, by
Market Summary The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors took profits amidst market uncertainties.Continue Reading
Dollar Calm ahead of FOMC Minutes
Written on June 26, 2024 at 6:14 am, by
Market Summary The dollar index steadied in the last session, trading above the $105 mark, ahead of the highly anticipated FOMC meeting minutes. Market expectations are leaning towards a more hawkish stance from the U.S. central bank due to a tight labour market. Analysts predict that the Fed is likely to implement two 25 bpsContinue Reading
