Yearly Archives: 2023
Softer Job Data Hammers Dollar
Written on August 30, 2023 at 6:07 am, by 王建军
The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a cooling labour market.Continue Reading
Risk-on Sentiment Heightens Ahead Of Job Data
Written on August 29, 2023 at 6:19 am, by 王建军
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
Powell’s Hawkish Statement Boosts Dollar
Written on August 28, 2023 at 6:22 am, by 王建军
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
