Yearly Archives: 2024
Dollar Calm ahead of the U.S. Election
Written on November 5, 2024 at 5:30 am, by pumarketings
Market Summary Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength. The Japanese Yen isContinue Reading
Dollar Dives on Soft NFP Reading
Written on November 4, 2024 at 5:56 am, by pumarketings
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled expectations for aContinue Reading
Dollar Pauses as Jobs Data Looms
Written on November 1, 2024 at 5:37 am, by pumarketings
Market Summary Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends. The EuroContinue Reading
