Monthly Archives: May 2024
41654156156New Zealand Kiwi Dips Amid Fears Of Fewer Fed Cuts
Written on May 24, 2024 at 2:07 am, by jonywang
Fundamental Analysis * Kiwi Troubles: The New Zealand Kiwi declined against the dollar after the rise in the US Purchasing Manager Index (PMI) figures reignited concerns that persistent inflation in the services sector could keep price growth elevated for much longer than investors hoping for rate cuts had initially anticipated. Expectations for rate cuts diminishedContinue Reading
Dollar Surge on Hawkish FOMC Meeting Minutes
Written on May 23, 2024 at 4:46 am, by jonywang
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 jonywang
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
