About: josephine
Recent Posts by josephine
US dollar edges lower against Singapore dollar ahead of economic data release
Key points: During the Asian trading session, the USDSGD pair edged lower, slipping 0.1% to 1.3472. This movement is likely a result of position adjustments by traders ahead of the release of key US economic data later today. The market is particularly focused on the US consumer confidence report by the Conference Board for May. Continue Reading
Dollar Index stays below 100 as US data softens; focus turns to Fed minutes and UK CPI
Dollar index slips below 100 after weak US data; focus turns to FOMC minutes, UK CPI, China.
Chicago wheat set for biggest weekly gain in a month on global crop concerns
Key points: Chicago wheat prices gained more ground on Friday, poised for their largest weekly rise in a month, driven by concerns over crop losses in the Black Sea region and other key exporting countries. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.4% to $7.01 a bushel, taking the weekly Continue Reading
Dollar rises as traders scale back US rate cut expectations
Key points: The dollar surged this week, marking its largest weekly rise in over a month. Surprisingly strong U.S. economic data has left markets on edge about the outlook for U.S. inflation and interest rates. In May, U.S. business activity accelerated to its highest level in just over two years. Manufacturers reported surging input prices, Continue Reading
Japan’s Nikkei records weekly loss as Fed outlook weighs
Key points: Japan’s Nikkei share average fell sharply on Friday, reflecting declines on Wall Street. Strong U.S. economic data has stoked bets that persistent inflation may delay Federal Reserve interest rate cuts. Picture: Nikkei in the slumps as seen on the VT Markets app. The Nikkei index dropped 1.17% to 38,646.11 by the close, after Continue Reading
