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Dollar Flat: Investors Await Key Inflation Report
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Dollar in consolidation mode ahead of key economic data, investors are advised to continue eyeing on US CPI. The US Dollar adopts a consolidated stance in anticipation of key economic data, particularly US inflation and retail sales figures. Investors are closely monitoring the Consumer Price Index (CPI) for January, expecting a year-on-year increase of 2.90%,Continue Reading
Written on February 20, 2024 at 2:05 am
Categories: Daily Market Analysis
Robust CPI Report Sparks Surge In Dollar Demand
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January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. The Dollar Index hits a three-month high, driven by robust economic indicators, including strong job reports, GDP figures and US inflation. January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. Market expectations for Federal Reserve policyContinue Reading
Written on February 20, 2024 at 2:04 am
Categories: Daily Market Analysis
U.S. Dollar Edges Higher Ahead Of GDP
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In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. InvestorsContinue Reading
Written on February 20, 2024 at 2:04 am
Categories: Daily Market Analysis
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