Monthly Archives: February 2024
Dollar Retreats On Profit-Taking, Eyes On FOMC Minutes
Written on February 19, 2024 at 4:39 am, by 王建军
The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data suggesting a delay in Federal Reserve interest rate cuts. Despite the pullback, the dollar’s overall resilience remains intact,Continue Reading
CPI Strength Hinders Fed Rate Cut; Focus On FOMC minutes.
Written on February 16, 2024 at 5:26 am, by 王建军
Wednesday, 21 Feb, 21:00 – FOMC Meeting Minutes In January, the Federal Reserve declared a steady policy rate of 5.25% – 5.5%, acknowledging the uncertain trajectory toward a rate cut in 2024. While many investors are hopeful for a shift from rate hikes to cuts by the Fed in the upcoming months, the robust inflationContinue Reading
Soft Retail Sales Hammers Dollar
Written on February 16, 2024 at 2:49 am, by 王建军
The Retail Sales figure disappointed at -0.8%, marking its lowest point since January 2023. This has fueled expectations for a potential rate cut by the Federal Reserve in May. The much-anticipated U.S. Retail Sales figures failed to sustain positive sentiment following the robust Consumer Price Index (CPI) reading unveiled last Tuesday. Despite a decline inContinue Reading
