Monthly Archives: September 2023
Oil Prices Gain on OPEC+ Supply Cuts Extension
Written on September 7, 2023 at 9:14 am, by jonywang
Dollar continues to edge higher, amid rising US Treasury yields. Oil prices surge as investors anticipate OPEC+ might extend its oil supply cut. The Dollar index has surged to its highest level since March, while the Dow Jones index closed lower for the third consecutive session. Several Federal Reserve governors have expressed support for raisingContinue Reading
Dollar Strengthens on Fed Outlook
Written on September 7, 2023 at 9:13 am, by jonywang
The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. Short-term U.S. bond yields have surged past 5%, while downward pressureContinue Reading
Strong NFP Bolsters Dollar’s Strength
Written on September 5, 2023 at 9:06 am, by jonywang
Nonfarm Payroll beat expectations, lifting the dollar. China reduced property down payments, boosting its equity markets. The latest Nonfarm Payroll report, released last Friday, exceeded market expectations with 187k jobs added, significantly higher than the previous 157k. This robust job data boosted the dollar by over 0.6%, while equity markets took some time to digestContinue Reading
