Market Insights
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Market Insights
U.S. Economy Faces Uncertain Recession Status Amid Slowing Growth and Strong Employment
Despite two consecutive quarters of economic contraction, the U.S. has yet to be officially declared in a recession. The economy shrank by 0.9% year over year in the second quarter of 2022, following a 1.6% decline in the first quarter, meeting the technical definition of a recession. However, the National Bureau of Economic Research (NBER),…
02 August 2022
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Market Insights
US Dollar Index Faces Volatility Amid Key Economic Events and First Weekly Loss in Over a Month
The U.S. Dollar Index (DXY) experienced its first weekly loss after four consecutive weeks of gains, as concerns about rising prices and the potential for a recession weighed on market sentiment. Last week, the DXY dipped by over 1%, briefly testing the 106.50 level before rebounding to just above 107.00. The DXY, which measures…
27 July 2022
214 views
