europefx

Dollar Bounces Back After PMI Hangover, Aussie Surges on Inflation Surprise

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Key Takeaways 💵 U.S. dollar rebounds after previous selloff 🇪🇺 Euro retreated after gaining on eurozone business activity data 💼 Data showed U.S. business growth cooling in April 🗓️ Major economic data releases expected this week 🏦 Central banks in the U.S., Europe, UK, and Japan making monetary policy decisions 📈 GBP/USD fell after gains … Read more

Senior ruling party official warns of potential action as Yen approaches 160 level

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Key Takeaways: 💸 Party executive Takao Ochi stated that yen sliding towards 160 to the dollar could prompt policymakers to consider action 📉 Little active discussion on appropriate yen levels for intervention currently 🔄 General thinking within the LDP is to carefully evaluate the impact of yen weakness rather than rushing to reverse declines 🌍 … Read more

Market Update: Dollar Struggles After PMI Hangover, Aussie Jumps on Inflation Surprise

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Key Takeaways: 💵 The dollar experienced significant losses against the euro and sterling, but the yen remained near 34-year lows despite intervention warnings. 📈 The Australian dollar strengthened due to hotter-than-expected local consumer price data, eliminating the possibility of RBA rate cuts. 🌍 European activity data showed robust growth, impacting the performance of the euro … Read more

“Asia FX finds relief as dollar falters and yen remains at 34-year lows”

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Key Takeaways: 💵 Weakness in dollar offers relief to Asian currencies 📉 Japanese yen underperforms despite dollar weakness 📈 Australian dollar strengthens after strong CPI inflation data 🏦 Bank of Japan meeting expected to keep rates unchanged 🇨🇳 Chinese yuan steadies close to five-month highs 🌏 Indian rupee moves away from record highs 💸 Dollar … Read more

UBS Boosts Forecast for USD/JPY and Upgrades Chinese Stocks, Futures Rebound for Second Day

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Key Takeaways: 💵 UBS raised its forecast for USD/JPY citing strong US dollar 💰 US dollar’s robust performance reflected in data 📈 Dollar’s recent uptrend and notable year-to-date increase 🌍 Investors monitor forecasts to inform trading strategies and expectations 🛠️ Investors should watch for Federal Reserve decisions and market positioning 📈 Consider subscribing to InvestingPro … Read more

Eurozone’s Economic Outlook Strong as Euro Gains Momentum Ahead of Key Data Release

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Key Takeaways: 💵 U.S. dollar steadied in early European trading 🇪🇺 Euro gained after bounce in European services activity data 📊 Markets predicting 46% chance of Fed’s first rate cut in September 🏛️ ECB expected to cut interest rates before the Fed 🇬🇧 GBP climbed after strong British business activity growth 📉 Manufacturing sector in … Read more

Navigating the Currency Market: Dollar Stability and Euro Gains Throughout the Week’s Key Data Releases

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Key Takeaways: 💵 U.S. Dollar is steady, trading flat at 105.915 🌍 European services activity data in April helped the Euro rise by 0.1% to 1.0664 📈 Markets are pricing in a 46% chance of the Fed’s first rate cut in September 🏦 European Central Bank expected to cut interest rates before the Federal Reserve … Read more

Asia FX stays calm amidst rate cues, yen unfazed by intervention fears

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Key Takeaways 💱 Most Asian currencies remained stable despite slight weakening of the dollar 🇯🇵 Japanese yen near 34-year highs against the dollar 💼 Japanese government speculation on currency market intervention 📈 Bank of Japan expected to maintain rates, potentially present hawkish stance 🇺🇸 US dollar index steady in Asian trade, focus on upcoming economic … Read more