Weekly Market Update 2 December - Dollar edged lower after dovish FOMC statements and softer inflation data 1. Dollar edged lower to around 104.5 by the week’s end after dovish Fed statements corresponded with softer than expected labour market and inflation data. Although non-farm employment increased...
Weekly Market Update 25 November - Dollar pared recent gains after recent FOMC statements confirmed expectations of softer rate hikes in 2023, boosting other currency pairs 1. Dollar pared recent gains to dip to below 105.7, after a slew of gloomy economic data and dovish FOMC...
Weekly Market Update 18 November - Dollar pared recent losses after hawkish statements from the Fed and upside surprises in retail sales data 1. Dollar pared some losses to trade around 106.5 on Friday, buoyed by upside surprises in retail sales data and hawkish statements from...
Weekly Market Update 11 November - Dollar nosedived after softer than expected inflation data led investors to dump the currency 1. The Greenback took a nosedive on Thursday to close below 106 by Friday after a slew of lower than expected inflation data led investors to...
Weekly Market Update 4 November - Dollar rallied after rate hike announcement but could see downside in the new year after dovish remarks from the Fed 1. Dollar rallied across the week on the back of a 75 bps rate hike announcement by the Fed reaching...
Weekly Market Update 28 October - Downside risks seen in Dollar amidst mixed economic indicators 1. The Dollar fell to a one-month low below 110 on Thursday but pared some losses upon news that the estimated GDP growth for 2022 was at a healthy level of...
Weekly Market Update 21 October - Dollar's rally eased on speculations that Fed could slow down the pace of its hikes 1. The Dollar dipped to 112 at the start of the week, but pared recent losses to rise above the 113 mark on Friday, while...
Weekly Market Update 14 October - Dollar pared gains on risk-on mood while Oil prices edged lower on weaker demand outlook 1. Dollar index gave up earlier gains and fell sharply to hold just above 112 as risk-on market sentiment saw across the board gains...
Weekly market update 7th October - Dollar extended its rally on upbeat Nonfarm Payroll data, CPI, Retail sales data and FOMC minutes in focus this week 1. Dollar extended its rally to 112 on Friday after upbeat Nonfarm Payroll data cemented expectations for further...