Monthly Archives: January 2024
Upbeat Job Data Fuels Dollar Strength
Written on January 5, 2024 at 5:35 am, by 王建军
The U.S. ADP Nonfarm Employment Change exceeded expectations, reaching 164k, signaling the resilience of the job market. The U.S. ADP Nonfarm Employment Change exceeded expectations, reaching 164k, signalling the resilience of the job market. Simultaneously, Initial Jobless Claims dropped to 202k, indicating a robust labour market. U.S. equity markets responded by trading with downward pressure,Continue Reading
Hawkish Fed Meeting Minutes Boosts Dollar
Written on January 4, 2024 at 5:24 am, by 王建军
The U.S. dollar strengthened, driven by the Hawkish narrative revealed in the meeting minutes. U.S. equity markets registered a second consecutive decline following the release of the December Federal Reserve meeting minutes. The U.S. central bank signalled an intention to maintain interest rates at a restrictive level for an extended period until U.S. inflation reachesContinue Reading
Dollar Gains As The U.S. Treasury Plunges
Written on January 3, 2024 at 5:26 am, by 王建军
The global bond market experienced selling pressure as traders scaled back expectations of interest rate cuts from major central banks, including the Federal Reserve. The global bond market experienced selling pressure as traders scaled back expectations of interest rate cuts from major central banks, including the Federal Reserve. The U.S. Treasury saw a drop, causingContinue Reading
