Monthly Archives: November 2024
Yen Eases on Dovish BoJ Monetary Policy Prospect
Written on November 18, 2024 at 7:22 am, by
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at the start ofContinue Reading
Dollar Decline on Fed Rate Cut
Written on November 18, 2024 at 7:21 am, by
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also implemented its firstContinue Reading
Dollar and Wall Street Bullish on Trump Victory
Written on November 18, 2024 at 7:20 am, by
Market Summary The market has responded decisively to the U.S. presidential election results from November 5, which confirmed Donald Trump’s re-election, fueling what’s now dubbed the “Trump trade.” The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July. Wall Street also rallied sharply in the previous session, with theContinue Reading
