Monthly Archives: July 2024
All Eye On Today’s U.S. PCE
Written on July 3, 2024 at 6:33 am, by
Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economic indicators including upbeat Initial Jobless Claims and GDP figures. However, bullish momentum remained tempered amidst market perceptions of a potential Fed policy shift in September, reflected in a decline in U.S. Treasury yields. Investors are eagerly anticipatingContinue Reading
Japanese Yen Trades to New Low in Decades
Written on July 3, 2024 at 6:32 am, by
Market Summary The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback. The currency pair has lost more than 12% this year and is well above the tolerance level for the BoJ to intervene. The BoJ hinted at a potential rate hike in July, and the Japanese CPI reading dueContinue Reading
