Monthly Archives: June 2023
Is The Fed Going To Raise Interest Rates In June?
Written on June 8, 2023 at 6:08 am, by lishitong
Despite the prevailing risk of an economic downturn in Australia, the RBA surprised the market by adding another 25 bps to its interest rate, vowing to bring the inflation rate down to 2%. The Canadian central bank followed the footstep of RBA and added 25 bps to its interest rate, causing the Canadian dollar toContinue Reading
Asian Equities Rise On China Stimulus Package
Written on June 7, 2023 at 6:00 am, by lishitong
Additionally, a planned visit by the US Secretary of State has boosted indices like the HSI The Chinese government introduced an economic stimulus package, including lowering their deposit rate as soon as mid-June. Meanwhile, the U.S. Secretary of State has planned to visit China, which may improve the bilateral relationship between the 2 nations. RegionalContinue Reading
Dollar Hammered By Weak PMI Data
Written on June 6, 2023 at 5:56 am, by lishitong
The dollar’s value experienced a decline, falling below $104 following the release of disappointing U.S. service PMI data. The reading dropped from 51.9 to 50.3, prompting the market to reconsider the possibility of the Federal Reserve pausing its interest rate hike in June. Investors are currently awaiting the announcement from the Reserve Bank of AustraliaContinue Reading
