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Dollar Gains on Hawkish Fed Outlook

Dollar Gains on Hawkish Fed Outlook

After digesting Jerome Powell's comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by the prospect of prolonged high interest rates.
PU Prime | 128 dias atrás
Forex Market Report - 14th June 2024

Forex Market Report - 14th June 2024

Our forex market report offers an overview of critical economic and financial events that impact the global forex markets. Traders should closely monitor developments to fine-tune their trading strategies accordingly.
DNA Markets | 128 dias atrás
Daily Global Market Update

Daily Global Market Update

Euro rose 0.6% against Dollar, Yen strengthened while Dollar dipped. Gold rose slightly but technical indicators show potential decline. Amazon stock fell, S&P 500 and NASDAQ hit record highs but closed lower. US jobless claims, producer price index, Eurozone industrial production data eyed today.
Moneta Markets | 128 dias atrás
Fed stops dollar’s CPI-related bleed, BoJ next

Fed stops dollar’s CPI-related bleed, BoJ next

Dollar tumbles after weaker-than-expected CPI data - Recovers somewhat after Fed signals one rate cut - BoJ decision looms as investors bet on July hike - US CPI data propels Wall Street to fresh records
XM Group | 128 dias atrás
Crypto growth derailed

Crypto growth derailed

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Crypto growth derailed
FxPro | 129 dias atrás
The U.S. dollar: how will the Fed's key rate decision affect it?

The U.S. dollar: how will the Fed's key rate decision affect it?

At its May meeting, the Federal Reserve maintained the target range for the federal funds rate at 5.25%-5.50%, marking the sixth consecutive time it has remained unchanged. The likelihood of a Fed rate cut in September has increased significantly, rising from 50% to 70% during the first week of June due to indicators of a cooling labour market and downward revisions in labour costs.
OctaFX | 130 dias atrás