Monthly Archives: October 2023
Dollar Ticks Lower By Poor Job Data
Written on October 5, 2023 at 5:44 am, by lishitong
The US dollar plunged below the pivotal $107 threshold, following a mere 89,000 increase in private-sector employment in the last month. The US dollar faced a setback, plunging below the pivotal $107 threshold, following lacklustre private-sector job data showing a mere 89,000 increase in employment last month, marking its lowest figure since September 2021. ThisContinue Reading
The Yen’s Decline Sparks Speculation of Intervention
Written on October 4, 2023 at 3:33 am, by lishitong
Japanese Yen Surges as USD/JPY Breaks Key 150 Level Amidst Speculation of Bank of Japan Intervention The financial landscape remains turbulent as global markets react to a host of impactful factors. The Japanese yen’s sudden dipped after hitting the pivotal 150 level has spurred speculation about potential intervention by Japanese authorities. Meanwhile, the greenback hasContinue Reading
Fed’s Hawkish Stance Bolsters Dollar
Written on October 3, 2023 at 5:54 am, by lishitong
In a staunch show of strength, the dollar advances due to the market consensus towards the Fed maintaining elevated interest rates to combat persistent inflation. In a staunch show of strength, the dollar advances, driving the dollar index towards $107, bolstered by the Federal Reserve’s recent communication. The market consensus leans heavily towards the FedContinue Reading
