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Key Takeaways:
- 💵 The dollar was steady due to expectations of high U.S. interest rates
- 📉 The yen hit a 34-year low against the dollar
- 🇮🇷 Iran launched a drone and missile attack on Israel
- 🤝 The dollar is seen as a safe-haven currency
- 💸 Investors reduced bets on Fed rate cuts
- 📈 Two-year Treasury yield surged past 5%
- 🪙 Euro and sterling recorded significant weekly percentage drops
- 🗣️ Fedspeak will be closely watched amid strong economic data
- 🪙 Bitcoin experienced a significant decline, dropping below $62,000
- 💹 The Dollar rose by 1.6% in the past week against a basket of six major currencies.
- ⬆️ Investors are reducing bets on Fed rate cuts, pushing back easing cycle expectations
- 🔥 U.S. rate cut bets are receding with investors pushing back expectations to September
- 💰 Euro and Sterling saw significant weekly percentage drops
- 🪙 Bitcoin fell below $62,000 but recovered to $66,381
- 💵 Dollar was steady with the prospect of high U.S. interest rates and Middle East conflict providing support
- 🔥 The Yen hit a 34-year low against the Dollar on Monday
- 💵 Dollar seen as the best safe currency due to ample liquidity, high US deposit rates, and energy independence
- 🔄 Investors reducing bets on Fed rate cuts benefiting the Dollar, with expectations of easing cycle starting in September
- 📉 Euro and Pound Sterling experienced significant weekly declines, with Euro hovering near a five-month low
Dollar Strength and Market Response to Middle East Conflict:
- 💵 The dollar was steady due to expectations of high U.S. interest rates
- 🤝 The dollar is seen as a safe-haven currency
- 🪙 Dollar seen as the best safe currency due to ample liquidity, high US deposit rates, and energy independence
- 💵 Dollar was steady with the prospect of high U.S. interest rates and Middle East conflict providing support
Yen Devaluation and Other Currency Movements:
- 📉 The yen hit a 34-year low against the dollar
- 🔥 The Yen hit a 34-year low against the Dollar on Monday
Investors and Fed Rate Cut Expectations:
- 💸 Investors reduced bets on Fed rate cuts
- ⬆️ Investors are reducing bets on Fed rate cuts, pushing back easing cycle expectations
- 🔥 U.S. rate cut bets are receding with investors pushing back expectations to September
Euro and Sterling Performances:
- 🪙 Euro and sterling recorded significant weekly percentage drops
- 💰 Euro and Sterling saw significant weekly percentage drops
- 📉 Euro and Pound Sterling experienced significant weekly declines, with Euro hovering near a five-month low
Other Financial Movements:
- 📈 Two-year Treasury yield surged past 5%
- 🪙 Bitcoin experienced a significant decline, dropping below $62,000
- 🪙 Bitcoin fell below $62,000 but recovered to $66,381
Fedspeak and Economic Data:
- 🗣️ Fedspeak will be closely watched amid strong economic data