Monthly Archives: February 2024
U.S. Dollar Remain Strong On Upbeat Economic Data
Written on February 20, 2024 at 2:09 am, by jonywang
The dollar maintained its strength and continued to rise, propelled by robust economic data released yesterday. The dollar maintained its strength and continued to rise, propelled by robust economic data released yesterday. Higher-than-expected ISM PMI figures indicated ongoing strength in the U.S. economy despite elevated borrowing costs. The U.S. equity markets faced headwinds due toContinue Reading
Hang Seng Stock Index Rebounds Strongly
Written on February 20, 2024 at 2:09 am, by jonywang
The Hang Seng Index has continued to show strength for the second consecutive session, with the Chinese government support. The Hang Seng Index has continued to show strength for the second consecutive session, with the Chinese government directing the China sovereign fund to provide support to the Chinese equity markets. In contrast, the U.S. equityContinue Reading
Fed’s Hawkish Tone Buoys The Dollar
Written on February 20, 2024 at 2:08 am, by jonywang
Several Fed officials have made consistent statements following last week’s interest rate decision and the disclosure of the Nonfarm Payroll. Several Fed officials have made consistent statements following last week’s interest rate decision and the disclosure of the Nonfarm Payroll. Jerome Powell and his colleagues have emphasised that the strength of the labour market andContinue Reading
