Yearly Archives: 2023
Dollar Surges On Robust Economic Data, Fueling Investor Confidence
Written on May 26, 2023 at 6:06 am, by 王建军
The US Dollar was buoyed by robust US economic data and positive market sentiment. US GDP exceeded expectations, posting a strong growth rate of 1.30% compared to the projected 1.10%. Encouraging job market data also contributed to the dollar’s strength, with Initial Jobless Claims coming in lower than anticipated at 229K. The increased likelihood ofContinue Reading
Credit Rating Agencies Threatens to Cut U.S. Rating
Written on May 25, 2023 at 5:56 am, by 王建军
Fitch has threatened to lower the US’ AAA rating as the debt ceiling issue remains at an impasse Wall Street slid as well as the Asian stock markets as the worries over the debt ceiling escalated when the time was getting closer to the X-date. Meanwhile, the dollar strengthened to its highest level since MarchContinue Reading
Dollar Rises On Debt Ceiling Optimism And Hawkish Fed Tone
Written on May 25, 2023 at 5:54 am, by 王建军
The dollar has its highest since March as Fed meeting participants lean hawkish even as punters expect a hike pause in June. Important this week: the Fed meeting minutes released on Wednesday and more updates on the U.S. debt ceiling talks. The minutes for the Fed’s May 2-3 meeting was released yesterday, with divergent opinionsContinue Reading
