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Yen Eases on Dovish BoJ Monetary Policy Prospect
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at the start ofContinue Reading
Written on November 11, 2024 at 5:15 am
Categories: Daily Market Analysis
Aussie Dollar Slips After Trump Tariff Threat
Fundamental Analysis * Tariff Threat: The Australian dollar remains under pressure against the U.S. dollar due to concerns over Donald Trump’s recent proposal to raise tariffs on Chinese imports. Australia, a major exporter to China, could feel the economic impact of Trump’s suggested 60% tariff on all Chinese goods. Trump argues that this tariff increaseContinue Reading
Written on November 11, 2024 at 2:07 am
Categories: Trade Of The Day
Dollar Decline on Fed Rate Cut
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also implemented its firstContinue Reading
Written on November 8, 2024 at 3:25 am
Categories: Daily Market Analysis
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