About: lishitong
Recent Posts by lishitong
Dollar Rises On Debt Ceiling Optimism And Hawkish Fed Tone
The dollar has its highest since March as Fed meeting participants lean hawkish even as punters expect a hike pause in June. Important this week: the Fed meeting minutes released on Wednesday and more updates on the U.S. debt ceiling talks. The minutes for the Fed’s May 2-3 meeting was released yesterday, with divergent opinionsContinue Reading
U.S. Debt Ceiling Remains At An Impasse
The Biden-McCarthy meeting on the debt-limit bill has yet to yield any deal to avert a catastrophic U.S. default, with U.S. Treasury secretary warning that the country will run out of cash in June. Market sentiment worsened as the White House has no more meetings planned; and gold prices have rebounded due to heightened risk-offContinue Reading
Biden-McCarthy Talks Productive
Both President Biden and the House Speaker claimed that yesterday’s meeting on the debt-limit bill has a productive outcome but both parties are yet to come to an agreement. Meanwhile, U.S. treasury secretary Janet Yellen, reiterated that the department will run out of cash in early June. The dollar index has strengthened and is poisedContinue Reading
