Yearly Archives: 2024
Dollar Buoys by Strong U.S. Treasury Yield
Written on December 30, 2024 at 6:26 am, by pumarketings
Market Summary The financial market remains exceptionally quiet as the New Year holiday approaches, with most asset classes trading in a sideways manner. The dollar index has also been range-bound since last Monday, but the U.S. Treasury yield continues to climb, reaching its highest level since May—a factor that could potentially strengthen the dollar further.Continue Reading
Greenback Rallies on Fed Hike Bets

Written on December 27, 2024 at 9:00 am, by pumarketings
Market Summary The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback’s upward trajectory. Oil prices retreated during holiday trading due to dollar strength and profit-taking after recent gainsContinue Reading