Created
: 2024.09.27
2024.09.27 20:47
The Dollar Index (DXY) depreciated by 0.4% to 100.56 overnight, holding below 101 for the ninth session, DBS' FX analyst Philip Wee notes.
"In the first four days of the week, except for the JPY (-0.7%), the currencies in the DXY basket appreciated, led by the CAD (+0.8%), GBP (+0.7%), CHF (+0.5%), and EUR (+0.1%). US stock indices rallied on better-than-expected US data."
"The US Commerce Department updated its GDP estimates, which cited faster growth in 2021, 2022, and early 2023. It also erased the technical recession in 1H22; the quarterly contraction in 2Q22 was revised to an expansion."
"The Dow, S&P 500, and Nasdaq Composite indices rose by 0.6%, 0.4%, and 0.6%, respectively. S&P closed at a new record high of 5745."
Created
: 2024.09.27
Last updated
: 2024.09.27
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy