US Dollar Slides Closer to 1990 Lows as Inflation Data Looms

Key Takeaways: 💵 Dollar slid ahead of U.S. inflation data 📉 Yen dipped to near 34-year lows 📊 Dollar index down, U.S. Treasury yields up 💴 Japanese real wages fell for 23rd consecutive month 🗣️ Japanese authorities prepared to intervene to support yen 📉 Market expectations reduced for Fed rate cuts 🇪🇺 Eurozone focus on … Read more

Former Japan FX tsar warns of potential intervention due to weakening yen

Key Takeaways: 💱 Japanese authorities could intervene in the foreign exchange market to stabilize the yen if necessary 📉 The yen has weakened significantly against the dollar, impacting household real incomes and consumption 🍔 Weak yen boosts real estate and stock prices, but negatively affects purchasing power 💸 Yen fell about 30% against the dollar … Read more

Asia FX Remains Stable as June Rate Cut Speculations Fade

Key Takeaways: 💹 Asian currencies were largely stable on Monday 📈 Dollar gained strength after strong nonfarm payrolls report 📉 Expectations for Fed interest rate cut in June decreased 📆 More cues on US interest rates expected from inflation data and Fed minutes 💱 Pressure on Asian currencies due to higher US rates 🇯🇵 Japanese … Read more

Gold price retreating from record peak, dollar rising ahead of nonfarm payrolls: BoJ’s Ueda discusses impact on Japan

Key Takeaways: 💹 Hawkish comments from Federal Reserve officials supported the dollar 📊 Dollar index and dollar index futures rose in Asian trade 📈 Japanese yen firmed on persistent concerns over government intervention 🌏 Broader Asian currencies moved in a flat-to-low range before U.S. payrolls data 📉 Australian dollar sank after bigger-than-expected decline in trade … Read more

Dollar Continues to Slide, Hits Two-Week Low Against Yen

Key Takeaways: 💵 The dollar hit a two-week low against the yen due to expectations of quick interest rate cuts in the U.S. 📉 U.S. services growth slowdown supported the idea of interest rate cuts, pushing the dollar lower initially. 📈 Richmond Fed President noted less encouraging inflation data, raising questions on the economic outlook. … Read more

Currency Market Update: Dollar at Two-Week Low, Yen Stabilizes, Swiss Franc at Multi-Year High

Key Takeaways: 💵 Dollar hit a two-week low due to economic data supporting rate cuts 📉 Dollar index down to lowest level since March 21 👀 Focus on U.S. labor data coming on Friday with expectations for 200,000 jobs added in March 📈 Euro up, European inflation softer-than-expected fueling rate cut expectations 💰 Japanese investors … Read more

Forex Update: Dollar Dips, Yen Squeezed, Swiss Franc at Multi-Month Lows Ahead of US Jobs Data

Key Takeaways: 💵 Dollar hits one-week low due to economic data suggesting quick rate cuts in the U.S. 🇨🇭 Swiss Franc drops to multi-month lows following lower-than-expected inflation in Switzerland 🇯🇵 Yen remains close to 34-year low against the greenback despite Bank of Japan policy shift 🇪🇺 Euro strengthens and stays within a range at … Read more