Monthly Archives: June 2023
Dollar Surrenders After Rate Pause Decision
Written on June 16, 2023 at 5:42 am, by lishitong
Following the Federal Reserve’s decision to maintain the interest rate unchanged, equity markets responded positively, leading to upward movements, while the U.S. dollar experienced a significant decline of nearly 1% last night. On the other hand, Asian equities continue to gain, helped by the expectation of more stimulus from China. On top of that, oilContinue Reading
Market Expected To Calm As Holidays Approach
Written on June 16, 2023 at 2:27 am, by lishitong
The Week Ahead: Week Of 19 June (GMT+3) Monday, 19 June, All Day – US Juneteenth During the upcoming US holiday, the market is expected to be relatively calm, and it may be a suitable time for investors to take a break. Wednesday, 21 June, 9:00 – UK CPI (YoY) (May) In April, the ConsumerContinue Reading
Hawkish Tone From The Fed After Rate Pause
Written on June 15, 2023 at 5:45 am, by lishitong
While the Fed has paused rates at their June FOMC meeting, their hawkish tone has caused the dollar to rise The Federal Reserve kept the interest rate unchanged at 5.25%, in line with market expectations, as U.S. inflation showed signs of moderating. Despite a rate pause, the dollar quickly erased its losses as Jerome Powell,Continue Reading
