Yearly Archives: 2024
Dollar Plummet on Trump’s Treasury Secretary Speculation

Written on November 28, 2024 at 6:12 am, by
Market Summary The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments. Reports suggest Scott Bessent may be considered for Treasury Secretary, a move viewed as bond-market friendly, leading to lower Treasury yields and pressuring the dollar. Despite this, the dollar’s fundamental strengthContinue Reading
Dollar Plummet on Trump’s Treasury Secretary Speculation

Written on November 28, 2024 at 6:12 am, by
Market Summary The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments. Reports suggest Scott Bessent may be considered for Treasury Secretary, a move viewed as bond-market friendly, leading to lower Treasury yields and pressuring the dollar. Despite this, the dollar’s fundamental strengthContinue Reading
Dollar Strengthen on Robust Job Data

Written on November 28, 2024 at 5:49 am, by
Market Summary The dollar regained strength after a brief technical correction, with the Dollar Index (DXY) rising above the 107 mark, bolstered by strong U.S. job data. Initial Jobless Claims came in below market expectations, signalling a resilient labour market and potentially paving the way for a more hawkish Fed stance. The Japanese yen alsoContinue Reading