Dollar Gains Amid Mixed Sentiment, Nikkei Soars Follow US, While China Struggles

Posted 15 October 2024

Risk sentiment in Asia was mixed today. Japan’s Nikkei 225 index extended its rally and broke above the 40k mark for the first time in three months. This momentum firstly follows another record close on Wall Street overnight. Secondly, contributing to the optimism are growing expectations that BoJ may hold off on implementing another rate […]

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Dollar Rallies as Thin Liquidity Fuels Gains

Posted 14 October 2024

Dollar is broadly stronger today in what is otherwise a quiet trading session. With US markets closed for holiday, overall activity has been subdued. However, Dollar bulls seem to be taking advantage of the thinner liquidity to push the greenback higher. The anticipation of further interest rate cuts from ECB this week, and more to […]

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Dollar Strengthens Mildly Amid Quiet Trading, ECB to Cut Again This Week

Posted 14 October 2024

The Monday Asian session started quietly with Japan on holiday and the US and Canada on extended weekends. Market reactions to China’s Minister of Finance press briefing over the weekend have been subdued, as traders await further details regarding China’s anticipated fiscal stimulus. Without specifics, it’s difficult to gauge the broader impact on the country’s […]

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