Weekly Market Update 29th July - Dollar declines following FOMC meeting, global tightening of monetary policy persists 1. Following the FOMC's announcement of a 75 bps rate hike in its recent July meeting, the Dollar extended its decline, ending the week at a 3 week...
Weekly Market Update 24th July - Dollar pared recent gains on softer economic data with more downside risks seen 1. Poorer-than-expected business activity surveys weighed on a market outlook clouded by growing prices and recession fears, causing the Dollar index to lose ground on Friday...
Weekly Market Update 17th July - Dollar maintained its strength buoyed by recession fears and prospects of higher interest rates 1. The Dollar index rallied to a fresh 20-year highs of 109 on Friday, as recession fears, safe-haven inflows and prospects of higher interest rates continue...
Weekly Market Update 10th July - Dollar extended its rally on solid jobs report, US CPI data in focus this week 1. Dollar extended its rally, fueled by robust US jobs reports which eased slowdown fears and bolstered Fed’s aggressive stance in tightening its monetary...
Weekly Market Update 2nd July - Dollar marched higher while oil prices dipped on slowdown fears, US jobs report and FOMC minutes in focus this week 1. Dollar extended its rally, buoyed by a hawkish Fed following a 75bps interest rate hike during its June 2022...
Weekly market update 25th June - Dollar retreated from its recent high amidst global recession fears 1. The Dollar extended its high volatile performance this week, with an overall fall to 104.2 at the end of the week. Despite the recession fears and poor consumer sentiments,...
Weekly Market Update 18th June - Dollar maintained its strength following the release of FOMC minutes, high volatility of currencies due to recession fears 1. The Dollar Index maintained its overall strength and ended at a 105.02 level after surging to a 20 year high of...
Weekly market update 11th June - Dollar extended its rally as higher inflation could trigger more aggressive moves by the Fed 1. The Dollar index rose by 1.15% to break above 104 on Friday, extending its gains from the previous week. It experienced a week-to-week gain...
Weekly market update 4th June - Dollar resumes its rally, supported by robust US jobs report 1. The Dollar index surged to above 102 on Friday, posting its first weekly gain in three weeks after US jobs report revealed that more jobs were added in May...