europefx Key Takeaways 💵 Relief rally in G10 currencies against USD due to potential tariff delay 🌍 Most misaligned currencies were EUR, AUD, NZD with estimated fair values 📉 Skepticism on significant rally in AUD and NZD due to undervaluation and China weakness 📈 Long USD positions not excessive enough to suggest major correction for EUR … Read more
Key Takeaways: 💬 Rubio urged Vietnam to address trade imbalances 🌏 Regional concerns about China’s behavior in the South China Sea were discussed 💰 U.S. trade deficit with Vietnam exceeded $110 billion in the first 11 months of 2024 📉 Vietnam’s currency experienced a record fall against the dollar 🇻🇳 Vietnam is an important U.S. … Read more
Key Takeaways 💸 Only 13 members of Congress invested in cryptocurrencies as of their most recent filings 🏛️ The majority of members of Congress have little to no exposure to cryptocurrency assets 💰 Amounts invested by lawmakers are relatively small compared to their overall wealth ⚖️ Legislation for creating a legal framework for crypto growth … Read more
Key Takeaways: 💵 US dollar weakened after Trump comments on lower interest rates 📈 Euro surged due to better than expected eurozone economic activity data 📉 Dollar Index traded 0.6% lower 🏛️ ECB plays a key role in Eurozone monetary policy and interest rates 📈 Economic indicators like inflation, GDP, and PMIs affect Euro’s value … Read more
Key Takeaways 💰 Trump ordered the creation of a cryptocurrency working group to propose new regulations and explore a national cryptocurrency stockpile 🏛️ The order aims to protect banking services for crypto companies and bans the creation of central bank digital currencies in the U.S. 🤝 The U.S. Securities and Exchange Commission rescinded accounting guidance … Read more
Key Takeaways: 💹 Most Asian currencies rebounded on Friday as the dollar weakened after Trump called for interest rate cuts 📈 Japanese yen regained ground after Bank of Japan delivered an anticipated rate hike 🏦 Bank of Japan increased interest rates by 25 basis points, projecting inflation to stay close to its annual target 🌐 … Read more
Key Takeaways 💼 Trump created a cryptocurrency working group to propose new regulations and explore a national cryptocurrency stockpile 🏦 Banking services for crypto companies to be protected 🚫 Ban on the creation of central bank digital currencies in the U.S. 💰 Trump promised to be a "crypto president" and support the adoption of digital … Read more
Key Takeaways: 💼 Trump established a cryptocurrency working group to propose new regulations and explore crypto stockpiles 🏦 The order protects banking services for crypto companies and bans central bank digital currencies 🔒 A regulatory framework for digital assets, including stablecoins, will be developed by the working group 🤝 Former PayPal executive David Sacks will … Read more
Key Takeaways 💰 Trump signed an order to create a cryptocurrency working group as a campaign promise 📝 The crypto advisory council will advise on digital asset policy and work with Congress on crypto legislation ⚖️ The council will help establish Trump’s promised bitcoin reserve and coordinate between various agencies 📈 This marks the first … Read more
Key Takeaways: 💸 BofA expresses concerns over sustainability of Korean Won’s recent performance due to potential trade tensions 🇨🇳 Markets remove long U.S. dollar hedges against Chinese Yuan leading to Yuan’s drop ⚠️ Relief rally should not be seen as a shift in fundamental outlook for trade policies 🌏 Korea actively working to maintain stability … Read more