Monthly Archives: May 2024
41654156156Dollar Surge on Hawkish FOMC Meeting Minutes
Written on May 23, 2024 at 4:46 am, by 王建军
Market Summary The U.S. dollar has strengthened, with the Dollar Index (DXY) climbing to its highest level this week, fueled by hawkish FOMC meeting minutes released in the last session. The minutes revealed that some members doubted whether the current interest rate level is sufficient to bring inflation down to the 2% target, leading toContinue Reading
Aussie Dollar Tumbles Following Hawkish FOMC
Written on May 23, 2024 at 2:18 am, by 王建军
Fundamental Analysis * Hawk Shock: The Australian dollar has dropped against the US dollar following the release of hawkish minutes from the Federal Open Market Committee (FOMC). The minutes indicated that the Federal Reserve might raise interest rates if inflation necessitates such action. The minutes stated that various participants mentioned willingness to tighten policy furtherContinue Reading
Dollar Dilemma: FOMC Caution
Written on May 22, 2024 at 3:10 am, by 王建军
Market Summary The US Dollar remained subdued as investors awaited the FOMC meeting minutes, with Federal Reserve officials emphasising the need for more evidence of easing inflation before considering rate cuts. This cautious stance has kept the dollar in check, influencing other markets as well. Gold prices stayed flat but slightly retreated due to theContinue Reading
