Monthly Archives: March 2024
Dollar Rebounds Strongly On Upbeat Economic Data
Written on March 22, 2024 at 5:39 am, by 王建军
Market Summary Yesterday witnessed a pronounced rally in the dollar index (DXY), effectively nullifying the losses incurred in the preceding session, with the dollar now vying to surpass its prior resistance level at $104.15. This resurgence was underpinned by encouraging economic indicators, including robust job market data and PMI figures that exceeded market expectations. TheContinue Reading
Dollar Dive on Fed’s Dovish Statement
Written on March 21, 2024 at 5:55 am, by 王建军
Market Summary The Federal Reserve announced its decision to maintain interest rates in the range of 5.25% to 5.50%, consistent with market expectations. However, Fed Chair Jerome Powell’s subsequent dovish statement indicated a commitment to rate cuts later this year, despite recent signs of inflationary pressure, as evidenced by last week’s Producer Price Index (PPI)Continue Reading
BoJ Dovish Rate Hike Weaken Japanese Yen
Written on March 20, 2024 at 5:33 am, by 王建军
Market Summary The Bank of Japan (BoJ) has concluded its era of negative interest rates with its first rate hike since 2007, simultaneously ending its yield curve control (YCC) policy. Despite this adjustment, the Japanese central bank will persist in purchasing the country’s government bonds. This move has been characterised by the markets as aContinue Reading
