YELLEN EXTENDS EARLIEST POTENTIAL US DEFAULT DATE TO JUNE 5

WikiFX | 2023-05-31 10:15

Abstract：It was reported that the US Treasury Secretary Janet Yellen spoke on Friday and extended the deadline for raising the federal debt limit, saying the government could default on its debt as early as June 5 without increasing the country's $31.4 trillion debt ceiling.

It was reported that the US Treasury Secretary Janet Yellen spoke on Friday and extended the deadline for raising the federal debt limit, saying the government could default on its debt as early as June 5 without increasing the country's $31.4 trillion debt ceiling.

Yellen had previously put that date as in early June, or potentially as early as June 1.

Meanwhile, the US Dollar was set for a third straight weekly gain on Friday. The US Dollar index DXY, which tracks the currency against six major counterparts, was last at 104.23%.

Forex trading Forex Analysis

Has the Yen Lost Its Safe-Haven Status?

The Japanese yen failed to create a miracle in 2024, continuing its four-year decline against the US dollar. Does the yen still retain its safe-haven properties? Will the interest rate differential between the US and Japan narrow?

Original 2025-01-02 23:00

New Year, New Surge: Will Oil Prices Keep Rising?

As of the writing of this article (January 2), oil prices stand at $71.88 per barrel. Investors need to continue monitoring whether the supply and demand dynamics will continue to push prices further up.

Original 2025-01-02 21:00

Will the Fed Cut Rates in 2025? What to Expect

The Federal Reserve has implemented multiple interest rate cuts in 2024, bringing the rate to a range of 4.25%-4.5% by the end of the year. However, whether the Fed will continue cutting rates or shift to rate hikes in 2025 remains uncertain. The Fed's policy direction depends not only on economic data but also on internal adjustments, the policy direction of the new president, and other factors.

Original 2024-12-31 23:59

WikiFX Review: Is HYCM still reliable in 2024?

HYCM is an online broker offering a wide variety of market instruments. WikiFX reviewed HYCM a few years ago. However, we wonder if this broker is still reliable in 2024 and the coming 2025. WikiFX has made a comprehension review of this broker to help you better understand the truth.

Original 2024-12-31 17:25