Solid Gold Berjangja | Dollar Steady as Traders Weigh Economic Data,Yen Fragile

02:00 16 February in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

USDGBP/USDEUR/USDUSD/JPY,AUD/USD, Solid Gold Berjangka, Solid Group, PT SGB , SG Berjangka

Solid Gold Berjangka | The provided text discusses the recent movements in the foreign exchange market, particularly focusing on the US dollar’s performance against major currencies such as the yen, euro, sterling, Australian dollar, and New Zealand dollar. Here’s a summary:

  1. US Dollar (USD):
    • The dollar index, which measures the USD against a basket of six major currencies, experienced a slight increase on Friday after easing slightly on Thursday.
    • Economic data released on Thursday, including mixed retail sales figures and a decrease in initial jobless claims, influenced the dollar’s movement.
    • Traders are now anticipating a rate cut by the Federal Reserve in June, with a reduced likelihood of earlier cuts. The market had previously expected rate cuts to begin in March.
  2. Japanese Yen (JPY):
    • The yen weakened against the dollar, trading near the psychologically important level of 150 yen per dollar.
    • Persistent pressure on the yen is attributed to reduced expectations regarding the scale and timing of the Federal Reserve’s monetary policy adjustments.
  3. Euro (EUR):
    • The euro experienced a slight decline against the dollar, trading at $1.0763.
  4. British Pound (GBP):
    • Sterling was down slightly against the dollar, trading at $1.2582.
  5. Australian Dollar (AUD) and New Zealand Dollar (NZD):
    • Both the Australian and New Zealand dollars experienced declines against the dollar, trading at $0.651 and $0.609 respectively.

Overall, the text indicates that recent economic data and market expectations regarding US monetary policy have influenced currency movements, with the dollar maintaining strength against several major currencies. Additionally, the Japanese yen has weakened due to revised expectations of the Federal Reserve’s actions.