europefx Key Takeaways: 💵 Most Asian currencies showed minimal movement on Monday 🇨🇳 Chinese inflation data impacted the yuan and other China-exposed currencies 📉 Producer price index inflation in China continued to decrease 🧾 Data signals Beijing needs to do more to boost economic growth ⚔️ Trade tensions between the US and China may escalate further … Read more
Key Takeaways: 💹 The dollar strengthened slightly after a reading on consumer sentiment. 📊 Focus is turning towards key inflation readings next week, including the consumer price index (CPI) and producer price index (PPI), as well as retail sales data. 💱 Foreign exchange markets are responding to comments from Federal Reserve officials on monetary policy. … Read more
Key Takeaways 💥 Cuba accuses online news site El Toque of manipulating currency exchange rate 🇨🇺 El Toque criticized by Cuban government for publishing high dollar exchange rate 💵 Peso currency in Cuba has lost nearly half its value against the dollar in 2024 🚫 U.S. State Department did not immediately respond to allegations 📉 … Read more
Key Takeaways 💴 Bank of America Securities predicts more Japanese yen weakness 💰 USD/JPY trading higher at ¥155.83 📈 Yen has gained just under 2% this week 🇯🇵 Japanese authorities spent $60 billion to pull yen away from 34-year-low 📊 Survey shows consistently bullish yen bias since mid-2022 🔄 Investors have flipped to largest JPY … Read more
Key Takeaways: 💵 Dollar steadied after previous losses on weak jobs data 📉 Expectations for Federal Reserve interest rate cuts by September due to cooling labor market 📈 UK GDP expanded by 0.6% in Q1 2024, exiting recession 🏦 Bank of England held interest rates at a 16-year high, with 2 committee members voting for … Read more
Key Takeaways 💸 Zimbabwe will fine businesses using inflated exchange rates 📉 Official exchange rate is 13.5 ZiG per U.S. dollar 🚫 Fine of 200,000 ZiG ($14,815) for exceeding official rate ⚖️ Civil infringement for offering goods or services above official rate 🛒 Some businesses charging a premium in new currency 💰 Informal traders rejecting … Read more
Key Takeaways: 💰 Most Asian currencies remained stable as focus shifts to key U.S. inflation data next week 🇨🇳 Chinese yuan weakened amid reports of potential U.S. tariffs on Beijing 📈 USDJPY pair rose amidst ongoing intervention concerns 🛠️ China might face fresh sanctions impacting certain industries 📉 Dollar fell due to larger-than-expected increase in … Read more
Key Takeaways: 💵 Dollar weakened against most currencies on weak labor market data 📉 Weekly initial claims for state unemployment benefits increased, highest level since August 🛑 Signs of slowdown in U.S. economy may cool inflation 💬 Speculation on potential rate cut by Bank of England 📈 Sterling recovered from BoE-led low 🇯🇵 Dollar edged … Read more
Key Takeaways 💸 Dollar weakened against most currencies after softening U.S. labor market data 🇬🇧 Pound rebounded from lows after Bank of England signals potential interest rate cut 📉 Signs of deceleration in the U.S. economy could impact consumer spending and inflation 📊 Data next week will include consumer prices, producer prices, and retail sales … Read more
Key Takeaways: 💰 UBS sees potential for a medium-term decline in USD/JPY pair 📉 Japanese yen is weak against USD, despite intervention and warnings from Bank of Japan 🌍 Global carry-trades have historically pushed USD/JPY higher ⏱ Markets tend to move in advance of data, suggesting upward pressure on USD/JPY if U.S. data remains strong … Read more