europefx

Key Takeaways: 💼 The Reserve Bank of India has not changed its stance on exchange-traded rupee derivatives 📜 Brokers were concerned about the requirement to provide proof of underlying forex exposure 📈 Individual investors and proprietary traders accounted for 80% of turnover in rupee derivatives in February 🏦 Some brokers requested clients to submit proof … Read more

Key Takeaways: 💵 Asian currencies little changed, dollar down from 4-½-month peak 📉 Top Fed officials’ hawkish comments boosted dollar, weakened Asian currencies 🌍 Taiwain earthquake dented sentiment in regional markets 📈 Japanese yen stabilized after recent losses 🔒 Threat of currency market intervention limited USDJPY long positions 🇨🇳 Chinese yuan stable, but USDCNY above … Read more

Key Takeaways 💵 The U.S. dollar was down on Tuesday despite hitting a 5-month high. 📈 The dollar index rose to its highest level since November 14. 🇨🇳 China’s yuan fell to a 4-1/2-month low as the dollar remained strong. 💸 Euro fell to its lowest since mid-February and near November lows. 📉 Sterling little … Read more

Key Takeaways: 💵 Macquarie advises traders to stay long the U.S. dollar 📉 U.S. economic data outperforming, inflation remains a bigger threat, geopolitical worries emerging 🗣 Federal Reserve officials’ speeches this week could drive dollar gains 💰 Macquarie analysts predict a decrease in US crude oil inventories by nearly 1 million barrels for the week … Read more

Key Takeaways: 💵 U.S. dollar was down after hitting highest level in almost five months 📈 Dollar index rose to 105.1 on Tuesday 🇯🇵 Japanese yen traded in a tight range despite warnings of intervention 💱 China’s yuan fell to a 4-1/2-month low 🇪🇺 Euro fell to its lowest since mid-February 💲 Bitcoin declined 5.03% … Read more

Key Takeaways: 💵 U.S. dollar hit highest in almost five months on Tuesday 📈 Macquarie advises traders to stay long on greenback 💹 Stronger-than-expected manufacturing PMI releases prompted rise in U.S. yields 🏦 Data-dependent Fed would be more cautious about cutting policy rate 🗣️ This week’s speeches by Federal Reserve officials could be catalyst for … Read more

Key Takeaways: 💵 Stronger-than-expected economic data boosted the U.S. dollar to a 5-month high 🇯🇵 Fears of intervention by Japanese officials slowed dollar gains against the yen 📉 Euro fell to lowest since mid-February due to deepening factory downturn in Eurozone 🇬🇧 Sterling ticked up after data showed improvement in UK’s manufacturing sector 🏦 Concerns … Read more

Key Takeaways: 💵 The U.S. dollar stabilized near a four-month high as strong economic data reduced expectations for early Federal Reserve rate cuts 📈 Traders reined in expectations of a June Fed rate cut to 61.3%, down from 70.1% a week ago 📊 More U.S. economic data, such as job openings and durable orders, set … Read more

Key Takeaways: 💵 U.S. dollar hits 5-month high on stronger economic data and reduced rate cut bets 📉 Euro falls to mid-February lows, driven by deepening factory downturn in Euro zone 🇯🇵 Japanese yen remains flat amid fears of intervention by Japanese officials 💹 Fed Chair Powell states no rush to lower borrowing costs despite … Read more

Key Takeaways: 💵 South African rand remains unchanged in early trade 🏭 Absa PMI for March to be released at 0900 GMT 🚗 March vehicle sales data to be published around 1200 GMT 💡 PMI survey to provide insight into manufacturing conditions 🛒 Vehicle sales figures to indicate consumer demand ⚖️ South African rand is … Read more