Europe FX

Key Takeaways: 💹 UBS predicts further upside for the U.S. dollar against G10 currencies 📈 USD offers more potential gains despite recent strength against JPY 🌍 Context for potential joint FX intervention differs from past agreements 📉 Broad U.S. dollar still below 2022 levels and has room for growth 💵 UBS maintains long positions against … Read more

Key Takeaways: 💵 The dollar is nearing its highest level this year against a basket of peers 📉 U.S. share futures dipped ahead of a Federal Reserve policy decision 🔥 Dollar gained over 0.5% on all six currencies of the dollar index 📈 Markets are paring bets on Fed rate cuts this year 🏦 Traders … Read more

Key Takeaways 💵 Dollar Index traded 0.1% higher at 106.240 🏦 Federal Reserve expected to keep interest rates at 5.25%-5.5% 📊 Futures markets now pricing in just a single quarter-point rate cut by year-end 🇪🇺 EUR/USD edged higher to 1.0669 in limited trading volumes 📉 Eurozone inflation held steady at 2.4% in April 🔪 European … Read more

Cryptocurrency Market Update: 💸 Bitcoin fell for a third day, down 4.7% to $57,055 📉 Bitcoin’s worst monthly performance in April, down nearly 16% 🐻 Bitcoin now in a bear market, 22% below March’s record high 💼 Investors pulling money out of cryptocurrencies ahead of Federal Reserve interest rate decision 📉 10 largest U.S. spot … Read more

Key Takeaways 💸 Bitcoin fell for a third day following its worst monthly performance in April 📉 Value of Bitcoin fell by nearly 16% in April 🌍 Fed is not expected to make changes to interest rates, impacting interest rate-sensitive assets like cryptocurrencies 💰 Bitcoin’s price drops below $58,000 📉 The drop is attributed to … Read more

Key Takeaways 💱 BOJ hinted at a possible rate hike in autumn with a consecutive hike plan in mind. 💱 The Bank of Japan hinted at possible rate hikes in the future, with a potential hike in autumn. 💱 BOJ could raise rates in several stages in the years ahead, with a possible hike in … Read more

Key Takeaways: 💵 Most Asian currencies remained stable as the dollar approached a six-month high 📈 Dollar index and futures rose ahead of the Federal Reserve meeting 🗓️ Fed expected to keep rates steady with a hawkish outlook 🇯🇵 Japanese yen weakened despite suspected government intervention 🇨🇳 USD/CNY traded higher with mixed data pointing to … Read more

Key Takeaways: 💸 Yen fell against the dollar on Tuesday 📉 Yen down 4.04% against the dollar for the month 🇺🇸 US labor costs data boosted the dollar 📈 Dollar index gained ground 👀 Markets watching Fed’s policy path 💰 Supported and stronger US dollar expected 🏦 European Central Bank likely to lower interest rates … Read more

Key Takeaways 💵 The yen weakened against the dollar after suspected intervention by Japanese authorities. 📈 U.S. economic data supported the dollar, showing labor costs increased more than expected. 🔍 The Fed is expected to hold rates during its meeting, with hints about future policy by Chair Jerome Powell awaited. 💰 Japanese officials may have … Read more

Key Takeaways: 💴 Japan ready to handle foreign exchange matters 24/7 📈 Money market data suggests Japan spent $35 billion to support yen 🔄 Yen buying on Monday indicated possible intervention 🤝 IMF in close discussions with Japan on exchange rate regime 📚 Carry trades contribute to yen’s depreciation 📉 Yen has been depreciating due … Read more