Weekly Market Update 28 August- Dollar’s Robust Rally Towards 104.4: Post Jackson Hole Analysis 1. The dollar ended the week strong at around 104.4, closing at 1.36% highs from its troughs, with all initial drawdowns incurred during the week almost immediately covered by the dollar’s strong...
Weekly Market Update 21 August- Dollar Dominance Persists: Ascends to 103.5 in Impressive Rally 1. The dollar thrives and claims its throne among its G10 peers as it pursues on with its rally, closing the week near 103.5, upon upbeat retail sales data. On Monday, core...
Weekly Market Update 14 August- Resilient Dollar Breaks Through 102.8 Ceiling, Outshining G10 Currency Peers 1. Riding off from positive U.S. economic data, the dollar index has, yet again, proved resilient among its G10 currency peers to close the week off above 102.8 on the back of...
Weekly Market Update 7 August- Strong Dollar Surges Past 102 Despite Disappointing Jobs Report 1. Amidst positive market sentiments regarding the soft-landing in the US economy, the dollar surged to nearly 103.0 before settling at 102.0 last week due to disappointing Non-Farm Payroll (NFP) figures. Although the...
Weekly Market Update 31 July- Strong Advance GDP q/q Figures Propels Dollar Above 101.6 1. The dollar exhibited strength, surging above 101.6, driven by robust Advance GDP q/q figures. Flash manufacturing PMI revealed a slowdown in the deterioration of operating conditions, with a reading of 49.0 in...
Weekly Market Update 24 July- Dollar Soars Above 101 Upon Persistent Unemployment Claims Data 1. The Dollar surpassed 101.0, driven by positive readings in the Empire State Manufacturing Index and persistent unemployment claims figures. The Index reported readings of 1.1, surpassing market estimates of -3.5, indicating enhanced...
Weekly Market Update 17 July- Optimistic CPI Triggers Dollar Plunge, Global Currencies Soar 1. The dollar tumbled this week to a low of 99.5 as the markets anticipate the cessation of interest rate hikes by the Feds. This comes after the release of US CPI data, measuring...
Weekly Market Update 10 July– Dollar Reverses Gains as Non-Farm Payrolls Fall Short of Expectations 1. The dollar initially gained but later declined below the level of 102.3 following the release of weaker-than-expected labour market data. ISM manufacturing PMI came in at 46.0, falling short of...
Weekly Market Update 3 July- Dollar Holds Steady at 102.9 as PCE Data Dampen Rate Expectations 1. The DXY index remained unchanged at 102.9 after the release of cooling PCE price index data. The CB Consumer Confidence survey reported a reading of 109.7 on Tuesday, surpassing market...