Top Central Banks Set to Sell $150 Billion in Forex in 2023 and Consider First Rate Hikes on Ordinary Deposits

Key Takeaways: πŸ’° Swiss National Bank sold forex worth $149.51 billion in 2023 πŸ“ˆ Significant increase in foreign currency sales compared to 2022 πŸ›‘οΈ Strategy focused on supporting the Swiss franc as a defense against imported inflation βš–οΈ SNB’s foreign currency sales prevented weakening of the Swiss franc πŸ“† SNB no longer focusing on foreign … Read more

Market Volatility in Asia: Updates on FX and Stock Movements Ahead of Central Bank Meetings

Key Takeaways: πŸ’Ή Asian stocks rally ahead of central bank πŸ’° Currencies weaken in anticipation of central bank actions πŸ“‰ Yen weakens after BOJ stimulus exit πŸ‡¦πŸ‡Ί Australian business leaders to meet Chinese foreign minister 🏦 Bank of Japan ends negative interest rates πŸ”’ Australian RBA holds rates but waters down tightening bias πŸ“ˆ Metro … Read more

Dollar Up, Yen Steady: BOJ Policy Shift on the Horizon

Key Takeaways: πŸ’΅ Dollar edged higher on Monday as central bank meetings approach 🏦 Bank of Japan may end negative interest rates πŸ‡ΊπŸ‡Έ U.S. economy performing better than expected πŸ“Š Market expecting less rate cuts from the Federal Reserve πŸ“ˆ Yield on 10-year Treasury notes at a three-week high πŸ’± Focus on Wednesday’s Fed meeting … Read more

The Impact of BOJ Policy Shift on the Dollar and Yen: A Comprehensive Analysis

Key Takeaways: πŸ’΅ The dollar strengthened ahead of central bank meetings in Japan and the U.S. 🌐 Other central banks on the agenda this week include those in Britain, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil, and Indonesia. πŸ“ˆ Markets have reduced expectations for aggressive Fed rate cuts, with less than three cuts anticipated in 2024. … Read more

Currency Update: Dollar Dips and Yen Holds Strong Ahead of BOJ Policy Shift

Key Takeaways: πŸ’΅ The dollar edged lower as traders awaited central bank meetings, particularly the BOJ ending negative rates and the Fed’s rate cut projections 🌍 Central banks in various countries, including Japan, US, UK, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil, and Indonesia are set to meet πŸ“‰ The dollar index was down 0.12% at … Read more

Fed Meeting Preview: Dollar Gives Back Gains, Euro Holds Steady

Key Takeaways: πŸ’΅ The U.S. dollar decreased ahead of the Federal Reserve meeting after gaining last week πŸ“ˆ Markets expect around 75 basis points of rate cuts this year, with possibilities of the first cut by June 🏦 Analysts predict potential changes in Fed rate cut projections during the upcoming meeting πŸ’Ά Euro marginally increased … Read more

Understanding the Possible BOJ Policy Shift: Dollar Dips and Yen Steady

Key Takeaways πŸ’΅ The dollar dipped slightly on Monday as traders await central bank meetings 🏦 Bank of Japan may end negative rates, Fed expected to reveal rate cut projections 🌍 Multiple central banks worldwide set to meet, including Britain, Australia, Switzerland, and Brazil πŸ“‰ Markets are pricing in fewer rate cuts for the year, … Read more

Forex Traders on Alert as BOJ Policy Shift Nears: Dollar Steady, Yen Wavers

Key Takeaways πŸ’΅ The dollar was steady as central bank meetings worldwide are anticipated, including the BOJ potentially ending negative rates and the focus on the Fed’s rate cuts projection πŸ‡―πŸ‡΅ BOJ expected to herald a new era by ending negative interest rate policy πŸ’± Yen fluctuated, reaching a one-month high against the dollar πŸ‡¦πŸ‡Ί … Read more