europefx Key Takeaways: 💵 Dollar weakened against most currencies for the fourth straight session 🇯🇵 Yen retreated after strong week following interventions 💼 Fed officials hint at eventual interest rate cuts 📊 Economic calendar light this week, consumer sentiment data key 🔊 Market pricing in rate cuts from Fed this year 💹 Sterling strengthens ahead of … Read more
Key Takeaways: 💵 Weaker dollar for four consecutive sessions due to softer U.S. jobs report 📉 Dollar index tracking lower against basket of major currencies 🤔 Fed unlikely to increase rates, according to Fed Chair Jerome Powell 📅 Light economic calendar this week with focus on consumer sentiment and Fed speakers 📈 Yen weakened against … Read more
Key Takeaways: 💵 Dollar weakened due to bets on multiple Fed rate cuts this year 📉 Yen lower after suspected intervention to pull it away from a 34-year low 📊 Data showed U.S. job growth slowing and wages falling, leading to rate cut expectations 🇺🇸 US job growth slowed in April, leading to increased expectations … Read more
Key Takeaways: 💵 U.S. Dollar steadied after weak nonfarm payrolls data 📉 Markets anticipate potential Federal Reserve interest rate cuts 🇺🇸 U.S. job growth slows, leading to expectations of rate cuts 🌐 Global markets react to US economic data 💶 Euro, sterling, New Zealand dollar, and Australian dollar hold steady against the dollar 🌏 Broader … Read more
Key Takeaways: 💸 Dollar Index traded 0.1% lower, on track for worst week in almost two months 🇯🇵 Yen set for hefty weekly gains, with USD/JPY falling 0.2% 📈 EUR/USD traded 0.2% higher, supported by dollar weakness 🇬🇧 GBP/USD rose 0.2% to 1.2555 following positive UK services PMI 🌏 Broader Asian currencies rose slightly on … Read more
Key Takeaways: 💰 Most Asian currencies rose slightly on Friday ahead of key U.S. payrolls data 📉 Rebound in Japanese yen from 34-year lows amid currency market intervention 🇯🇵 USDJPY pair fell 0.4% to 153.02, impacted by Japanese government intervention ⚖️ USDJPY pair at 160 seen as new line for currency market intervention 📊 Asian … Read more
Key Takeaways: 💸 Japanese yen strengthened, USDJPY hit 3-week low after government intervention 📉 USDJPY pair trading down 0.2% at 153.34 yen 📊 Japanese government suspected of intervening in markets multiple times 🚀 USDJPY surged to 160, new line in the sand for yen 🏦 U.S. Federal Reserve comments kept yen under pressure 📈 Widening … Read more
Key Takeaways: 💼 Tether is monitoring the use of its tokens in crypto markets and payments to combat illicit finance 🔍 Tether and Chainalysis have launched tools to identify transactions linked to sanctioned entities 🛡️ Use of Tether has been linked to circumventing Western sanctions for sourcing military equipment 💰 Tether has reached $100 billion … Read more
Key Takeaways: 💹 Yen strengthened following suspected intervention by Japanese authorities 📉 Dollar declined ahead of crucial jobs data 🕰️ Timing of intervention strategic during low market activity 💸 Japan possibly spent billions to support yen 📊 U.S. jobs report expected to impact dollar/yen relationship 💲 Dollar weakened against Swiss franc due to Swiss inflation … Read more
Key Takeaways: 💰 Yen slightly stronger after suspected intervention by Japanese authorities 🇺🇸 Dollar also broadly higher 📉 Dollar eased due to Fed’s lack of hawkish tone ⚡ Pragmatic intervention timing to impact market efficiently 💸 Japan may have spent billions to support yen 📈 Dollar up more than 10% against yen this year 🇺🇸 … Read more