Monthly Archives: May 2024
41654156156Dollar Strengthens On Strong U.S. Wage Data
Written on May 1, 2024 at 4:14 am, by jonywang
Market Summary The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year. This data underscores the tightness of the U.S. job market and raises concerns about potential inflationary pressures. Investors are eagerly anticipating the Federal Open MarketContinue Reading