Key Takeaways: π΅ U.S. dollar steadied in early European trading πͺπΊ Euro gained after bounce in European services activity data π Markets predicting 46% chance of Fed’s first rate cut in September ποΈ ECB expected to cut interest rates before the Fed π¬π§ GBP climbed after strong British business activity growth π Manufacturing sector in … Read more
Key Takeaways: π΅ U.S. Dollar is steady, trading flat at 105.915 π European services activity data in April helped the Euro rise by 0.1% to 1.0664 π Markets are pricing in a 46% chance of the Fed’s first rate cut in September π¦ European Central Bank expected to cut interest rates before the Federal Reserve … Read more
Key Takeaways π± Most Asian currencies remained stable despite slight weakening of the dollar π―π΅ Japanese yen near 34-year highs against the dollar πΌ Japanese government speculation on currency market intervention π Bank of Japan expected to maintain rates, potentially present hawkish stance πΊπΈ US dollar index steady in Asian trade, focus on upcoming economic … Read more
Key Takeaways: π· Citi FX analysts note dovish shift in BoE’s recent remarks leading to weaker GBP π GBP’s underperformance particularly against USD expected to continue in the short term π Depreciation against USD attributed to strength of USD and favorable inflation in Europe π GBP weakness stems from BoE comments, no new inflation data … Read more
Key Takeaways: π΅ The U.S. dollar reached a 34-year peak against the yen due to the Federal Reserve’s interest rate stance π Yen hits fresh lows ahead of the Bank of Japan’s policy review on Friday π U.S. dollar index was flat at 106.16 after highs last week, following changes in U.S. rate-cut expectations π … Read more
Key Takeaways: π΅ Dollar gained against euro and yen after volatile trading week π―π΅ Markets focused on Bank of Japan policy review and yen near 34-year low π Cooling in Middle East tensions helped temper volatility in dollar, gold, and oil prices π Deutsche Bank’s currency volatility index rose to highest level since February πΈ … Read more
Key Takeaways: π΅ Goldman Sachs forecasts the US Dollar to stay "stronger for longer" π Policy divergence in developed economies likely to support the Dollar π³οΈ Impact of upcoming US election expected to influence currency markets πΈ Adjusted forecasts include lower EUR/USD and higher USD/JPY rates π Current exchange rates at EUR/USD $1.0638, USD/JPY Β₯154.73, … Read more
Key Takeaways: π΅ Dollar gained against euro and yen after volatile week π Yen close to 155-level traders are monitoring π―π΅ Market focused on BOJ policy review π Dollar’s trade-weighted index above 106 β¨οΈ Cooling tensions in Middle East tempered volatility π₯ Deutsche Bank currency volatility index rose significantly π Big week ahead with U.S. … Read more
Key Takeaways: πΉ Asian markets rose, bouncing back from previous losses π‘οΈ Middle East tensions eased, allowing traders to pick up equities π Investors are focused on upcoming key US inflation data and corporate earnings π Despite negative Wall Street lead, markets in Hong Kong, Tokyo, and others rose π Traders scaled back expectations for … Read more
Key Takeaways π± UBS raises forecast for USD/CNY exchange rate due to geopolitical tensions and Fed rate cut expectations π Anticipates USD/CNY rate to reach 7.35 by June, revised targets for September, December, and March 2025 πΌ People’s Bank of China may allow weaker yuan, adding short-term pressure on Chinese currency π€ Rising geopolitical tensions … Read more