Monthly Archives: November 2024
Dollar Decline on Fed Rate Cut
Written on November 18, 2024 at 7:21 am, by
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also implemented its firstContinue Reading
Dollar and Wall Street Bullish on Trump Victory
Written on November 18, 2024 at 7:20 am, by
Market Summary The market has responded decisively to the U.S. presidential election results from November 5, which confirmed Donald Trump’s re-election, fueling what’s now dubbed the “Trump trade.” The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July. Wall Street also rallied sharply in the previous session, with theContinue Reading
Dollar Spur by Trump’s Leading Position in Election
Written on November 18, 2024 at 7:19 am, by
Market Summary As vote counting for the U.S. election continues, Donald Trump is currently leading, which has spurred a “Trump trade” sentiment in financial markets. This momentum has caused the U.S. dollar to surge, with the Dollar Index jumping nearly 1%. Wall Street responded positively as well, with both major indices closing higher. Tesla sharesContinue Reading
