Monthly Archives: December 2024
Dollar Jumps on Fed’s Hawkish Remark
Written on December 29, 2024 at 11:48 pm, by
Market Summary The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve’s hawkish stance. Jerome Powell’s remarks signaling fewer rate cuts in 2025 and the expectation that the Fed funds rate will remain near the 4% level to curb inflation drove the U.S. dollar higher. The dollar indexContinue Reading
All Eye on Today’s FOMC Interest Rate Decisio
Written on December 29, 2024 at 11:47 pm, by
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
Euro Weigh on Eurozone Political Uncertainty
Written on December 29, 2024 at 11:47 pm, by
Market Summary The U.S. dollar remained stable in yesterday’s session ahead of the Fed’s interest rate decision, which is scheduled for tomorrow. The market widely expects a 25 basis points rate cut, which has already been priced in. However, traders are closely watching today’s U.S. Retail Sales data to gauge the strength of the dollar.Continue Reading
