Monthly Archives: February 2024
U.S. Dollar Eases Ahead Of Nonfarm Payroll
Written on February 20, 2024 at 2:11 am, by jonywang
U.S. equity markets staged a rebound fueled by impressive earnings reports, and this positive sentiment spilled over to Asian markets U.S. equity markets staged a rebound fueled by impressive earnings reports, and this positive sentiment spilled over to Asian markets, including Hong Kong and China, which all opened on a positive note. However, the dollarContinue Reading
Upbeat NFP Stimulates Dollar
Written on February 20, 2024 at 2:10 am, by jonywang
The robust U.S. Nonfarm Payroll report released last Friday, with a reading of 353k has significantly impacted the market The robust U.S. Nonfarm Payroll report released last Friday, with a reading of 353k, higher than the previous 333k, has significantly impacted the market. The data suggests that the U.S. labour market remains strong. In response,Continue Reading
U.S. Dollar Remain Strong On Upbeat Economic Data
Written on February 20, 2024 at 2:09 am, by jonywang
The dollar maintained its strength and continued to rise, propelled by robust economic data released yesterday. The dollar maintained its strength and continued to rise, propelled by robust economic data released yesterday. Higher-than-expected ISM PMI figures indicated ongoing strength in the U.S. economy despite elevated borrowing costs. The U.S. equity markets faced headwinds due toContinue Reading
