europefx Key Takeaways: 📊 Markets scaled back bets on future European Central Bank rate cuts 🪙 Bitcoin hit a two-year high with large players buying the cryptocurrency 🇨🇳 The dollar strengthened 0.06% versus the offshore Chinese yuan 🥝 The kiwi weakened 0.06% versus the greenback in anticipation of a significant policy meeting by the Reserve Bank … Read more
Key Takeaways: 💹 Japan’s core consumer inflation exceeded forecasts, leading to expectations of the Bank of Japan potentially ending negative interest rates by April. 🇯🇵 The yen strengthened on the surprising CPI data exceeding market expectations. 📉 U.S. durable goods orders fell more than expected in January, tumbling 6.1%. 📊 Markets have adjusted expectations on … Read more
Key Takeaways: 💵 The dollar struggled for direction ahead of key economic data 📈 Yen rose after Japanese inflation exceeded forecasts 🪙 Bitcoin hit a two-year high in Asian trade 📉 U.S. dollar index was down 💶 Euro was up versus the dollar 🏦 ECB officials sounded cautious about monetary policy easing 🇨🇳 Devaluation of … Read more
Key Takeaways: 💵 Dollar struggles for direction ahead of key data from U.S. Federal Reserve 📈 Yen rises after confirming inflation above Bank of Japan’s target 📊 Japan’s core consumer inflation exceeded forecasts, raising expectations of BOJ ending negative interest rates by April 🪙 Bitcoin hits two-year high in Asian trade on large players buying … Read more
Key Takeaways: 💵 The U.S. dollar is decreasing in value, while the euro is gaining ahead of important inflation data 📉 Dollar Index is trading lower against a basket of currencies 🏦 Federal Reserve is expected to maintain interest rates for longer as inflation is above target 📈 Core PCE price index data is anticipated … Read more
Key Takeaways: 💼 Standard Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel 📉 A surge in demand for overseas investments due to weakness in the local market and currency has prompted this move 💰 The QDII programme is the largest outbound investment channel for Chinese investors, … Read more
Key Takeaways 💹 Most Asian currencies rose slightly as the dollar declined before a key inflation reading 📉 The Japanese yen performed well after higher than expected consumer price index inflation 💰 Expectations are growing for the Bank of Japan to raise interest rates sooner due to sticky inflation 📊 Broader Asian currencies were slightly … Read more
Key Takeaways: 💼 Standard Chartered has suspended new subscriptions by its clients in China into offshore products via a quota-based channel since last week 💰 The suspension is due to "commercial reasons" as explained by the London-headquartered bank 🔒 The move comes amid Beijing’s efforts to stem capital outflows as weaker yuan and a slowing … Read more
Key Takeaways 💸 Dollar is experiencing its largest two-day decline since 2009 📉 Rate outlook is shifting, impacting the value of the dollar 🌍 Global economic factors are influencing the forex market 📈 Other currencies may be gaining strength relative to the dollar during this period 💵 The dollar was mostly lower on Monday 📈 … Read more
Key Takeaways 💼 Reserve Bank of India (RBI) has allowed banks to resume arbitrage trading upon their requests. 📈 Arbitrage trading enables investors to profit from price differences in securities across markets. 🔒 RBI had informally prohibited dollar/rupee arbitrage trading in August 2023 to prevent the rupee from hitting record lows. 💰 Banks’ arbitrage positions … Read more