europefx Key Takeaways: 💵 Dollar eases from 5-1/2 month highs after Fed officials indicated rate-cutting cycle on hold 📊 U.S. economy stronger than expected, leading to reduced bets on future rate cuts 🌍 Risks of Middle East conflict increase dollar’s safe-haven appeal in short term 📈 Market expectations for Fed rate cuts this year reduced to … Read more
Key Takeaways 💵 Dollar eased from 5-1/2-month highs due to Fed officials emphasizing rate-cutting cycle on hold 📈 Recent data shows U.S. economy stronger than expected, leading to reduced bets on future rate cuts 🛡️ Dollar gains safe-haven appeal in short term due to risks of broadening Middle East conflict 📉 More hawkish view on … Read more
Key Takeaways: 💵 Chinese businesses are hoarding dollars in anticipation of yuan depreciation 📉 Yuan has fallen 1.9% to the dollar in 2023, hitting five-month lows 📊 Foreign exchange deposits in China have increased by $53.7 billion since September 💰 Businesses are choosing to park dollars offshore in deposits that earn higher interest rates than … Read more
Key Takeaways: 💵 The dollar is near 5-1/2 month highs as Fed officials state rate-cutting cycle on hold 📈 U.S. economy data differs from Fed forecasts, leading to reduced bets on future rate cuts 🔺 Middle East conflict risks increase dollar’s appeal as a safe-haven asset 👁 U.S. allies plan fresh sanctions against Iran, seeking … Read more
Key Takeaways 💹 Dollar Index traded lower in early European trade 📈 Sterling rose after U.K. inflation rate slowed less than expected 📆 U.K. consumer prices rose by an annual 3.2% in March 🇺🇸 Fed chief Powell indicated interest rates to stay higher for longer 📉 Analysts expect further dollar gains, with USD eyeing 107.00 … Read more
Key Takeaways for Currency Markets: 💵 Dollar remains close to a 5-1/2 month high, showing resilience against other major currencies. 📈 Investors are adjusting their expectations for U.S. interest rates based on recent economic data, leading to a reevaluation of future rate cuts. 🛡️ The dollar is seen as a safe-haven asset amid escalating tensions … Read more
Key Takeaways: 💵 Dollar remains steady after Fed comments suggest higher interest rates for longer 📉 Markets push back expectations for Fed rate cuts, with September seen as new starting point for easing cycle 🇯🇵 Yen stuck at 34-year lows versus the dollar, nearing intervention levels 📈 Yields on benchmark 10-year Treasury notes climb to … Read more
Key Takeaways: 💵 Most Asian currencies traded in a tight range 📈 Dollar stabilized near five-month highs due to strong U.S. economic data and Fed warnings 📉 Continuing losses in regional currencies following signs of sticky inflation in the U.S. 🔄 Traders leaning towards the dollar after Powell’s comments on rate cuts 🌍 Worsening geopolitical … Read more
Key Takeaways: 💵 Chinese businesses hoard dollars due to expected weakening of own currency 📉 Dollar’s rising yield contributes to cycle of weakened yuan 💸 Inflows from exporters to China drying up as they choose higher yield dollar deposits 💰 Trough of yuan at 7.3 may motivate exporters to convert dollars to yuan 🔒 Chinese … Read more
Key Takeaways 💵 Dollar hit a five-month high against the euro and the yen 📈 Stronger-than-expected growth data supported the dollar 🌍 Escalating geopolitical tensions added a safe-haven boost to the U.S. currency 💸 Intervention rumors for the yen prompted market nerves 📉 Significant stock price drops: Superdry by 5.9%, PageGroup by 9.1% 📈 Goldman … Read more