Key Takeaways: 💵 US Dollar Index Futures rose 0.15% to 105.66 🌎 US economic exceptionalism is dominating the currency market 🕊️ Federal Reserve remains hawkish compared to other central banks 📉 Dollar’s downfall may come after the summer if inflation slows and other economies improve 💹 Recent data from UK and Eurozone surprised on the … Read more
Key Takeaways: 💴 Yen slumps against US dollar hitting its weakest point since the 1990s 📉 US dollar strengthens against most currencies after data indicates US business activity slowdown 🇯🇵 Japanese authorities monitoring currency moves closely and may intervene if yen continues to weaken to 160 or 170 levels 🏦 Bank of Japan expected to … Read more
Key Takeaways: 💸 Japan’s yen weakened to 155 per dollar, lowest since 1990 📉 Market nerves around the 155 level lead to choppy trading 🇺🇸 Strong U.S. inflation data boosts dollar to five-month highs 🏦 Anticipation for Japanese currency intervention rises 🤝 U.S., Japan, and South Korea issue joint statement on currency issue at IMF/World … Read more
Key Takeaways: 💵 Dollar recovered ground against euro and sterling 📉 Euro down at $1.0688 after business activity growth 🏴 Sterling benefits from British business activity growth 🕵 Federal Reserve’s targeted consumer inflation measure to be released 📈 US dollar expected to continue doing well in the short term 💴 Yen reaches a 34-year low … Read more
Key Takeaways 💵 U.S. dollar rebounds after previous selloff 🇪🇺 Euro retreated after gaining on eurozone business activity data 💼 Data showed U.S. business growth cooling in April 🗓️ Major economic data releases expected this week 🏦 Central banks in the U.S., Europe, UK, and Japan making monetary policy decisions 📈 GBP/USD fell after gains … Read more
Key Takeaways: 💸 Party executive Takao Ochi stated that yen sliding towards 160 to the dollar could prompt policymakers to consider action 📉 Little active discussion on appropriate yen levels for intervention currently 🔄 General thinking within the LDP is to carefully evaluate the impact of yen weakness rather than rushing to reverse declines 🌍 … Read more
Key Takeaways: 💵 The dollar experienced significant losses against the euro and sterling, but the yen remained near 34-year lows despite intervention warnings. 📈 The Australian dollar strengthened due to hotter-than-expected local consumer price data, eliminating the possibility of RBA rate cuts. 🌍 European activity data showed robust growth, impacting the performance of the euro … Read more
Key Takeaways: 💵 Weakness in dollar offers relief to Asian currencies 📉 Japanese yen underperforms despite dollar weakness 📈 Australian dollar strengthens after strong CPI inflation data 🏦 Bank of Japan meeting expected to keep rates unchanged 🇨🇳 Chinese yuan steadies close to five-month highs 🌏 Indian rupee moves away from record highs 💸 Dollar … Read more
Key Takeaways: 💵 BofA projects USD/CNY to rise to 7.35 by Q2 2024 and peak at 7.45 by Q3 2024 📉 Bank is bearish on Asian currencies like KRW, TWD, THB, and VND 🇮🇳 BofA has a neutral stance on the Indian rupee (INR) 🌏 Maintains neutral stance on HKD, IDR, MYR, PHP, SGD ⚠️ … Read more
Key Takeaways: 💵 UBS raised its forecast for USD/JPY citing strong US dollar 💰 US dollar’s robust performance reflected in data 📈 Dollar’s recent uptrend and notable year-to-date increase 🌍 Investors monitor forecasts to inform trading strategies and expectations 🛠️ Investors should watch for Federal Reserve decisions and market positioning 📈 Consider subscribing to InvestingPro … Read more