FX Weekly Recap: June 3 – 7, 2024
Global PMI’s & U.S. jobs data had traders running to CHF & JPY this week, so much that they survived the USD’s last minute pump after the Non-Farm Payrolls report!
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Global markets end the week on a mixed note
The US stocks finished Friday with mixed results. The Dow Jones (US30) Index fell by 0.48% for the day and 0.42% for the week. The S&P 500 (US500) dropped by 0.32% on Friday and 0.12% for the week. The tech-heavy Nasdaq (US100) closed up by 0.08% for the day and 0.19% for the week. The…
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In a speech overnight, Fed Governor Christopher Waller provided noted that recent economic data has been “uneven,” with both positive signals and areas of concern, but emphasized that the US economy remains on “solid footing.” Employment is near the Fed’s maximum objective, and inflation is approaching the target, despite some disappointing recent inflation figures. In…
