Yearly Archives: 2024
41654156156Euro Slips As ECB Stands Pat
Written on July 19, 2024 at 2:26 am, by 王建军
Fundamental Analysis * ECB Halts: The euro fell against the dollar after the European Central Bank (ECB) announced its interest rate decision. The ECB have maintained its interest rates unchanged while hinting at a future rate cut, though this guidance is likely to be ambiguous and include caveats. The ECB did not provide any specificContinue Reading
Dollar Dip on Dovish Fed’s Beige Book
Written on July 18, 2024 at 5:17 am, by 王建军
Market Summary The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up nearly 300 pointsContinue Reading
Kiwi Slips Amid Weak NZ CPI, Increasing Rate Cut Bet
Written on July 18, 2024 at 2:20 am, by 王建军
Fundamental Analysis * CPI Drag: The New Zealand dollar weakened against the US dollar following the release of weaker-than-expected New Zealand CPI data, increasing speculation about a potential rate cut from the RBNZ. Government data revealed that the CPI rose 3.3% year-on-year for the three months ending June 30, below the expected 3.5% and downContinue Reading
