Monthly Archives: January 2024
41654156156U.S. Government Shutdown Averts Fuels Risk-On Sentiment
Written on January 19, 2024 at 5:39 am, by jonywang
The greenback experiences a slight easing as the U.S. Congress approves funding for government spending The U.S. economic data continues to underscore robust performance, contributing to the dollar’s strength. However, the greenback experiences a slight easing as the U.S. Congress approves funding for government spending, alleviating concerns about a potential government shutdown and reducing demandContinue Reading
Restrictive Monetary Policy Impact On US GDP
Written on January 19, 2024 at 1:13 am, by jonywang
Wednesday, 24 Jan, 17:00 – CA BoC Interest Rate Decision In the previous month, the Bank of Canada (BoC) chose to keep its key interest rate at 5% for the third consecutive decision, in line with widespread expectations. The BoC expressed ongoing concerns about inflation risks but stopped short of explicitly stating that these risksContinue Reading
Dollar Gain On Upbeat Retail Sales Figure
Written on January 18, 2024 at 4:58 am, by jonywang
The U.S. dollar secured its fifth consecutive session of gains, continuing its upward trajectory following a better-than-expected U.S. Retail Sales data. The U.S. dollar secured its fifth consecutive session of gains, continuing its upward trajectory following a better-than-expected U.S. Retail Sales data. Robust economic indicators, including a rebound in the Consumer Price Index (CPI), haveContinue Reading
