europefx Key Takeaways: 💴 Yen stabilizes after verbal intervention from Japanese officials 💲 Dollar is on the back foot 📉 Yen at 151.25 yen per dollar, slightly stronger after Bank of Japan rate hike ⚠️ Interest rate differentials between Japan and the rest of the world are still stark 🏛️ Japanese authorities intervened in currency markets … Read more
Key Takeaways: 💱 Japan is considering measures to address the weakening yen 💼 A weak yen has both positive and negative effects on the economy 📊 Rapid currency movements are undesirable for the stability of the economy 📉 Yen sell-off intensified after the Bank of Japan’s decision to end negative interest rates 💸 Weak yen … Read more
Key Takeaways: 💵 Most Asian currencies remained stagnant with caution ahead of U.S. inflation and Fed cues 🇨🇳 Chinese yuan weakened, hovering near four-month low despite PBOC measures 📉 Recent losses in the yuan driven by concerns over Chinese economic recovery and potential interest rate cuts 🔍 Focus on potential aggressive intervention by the PBOC … Read more
Key Takeaways: ⬆️ Bitcoin rose 7.15% to $70,900 at 2010 GMT on Monday 💡 Corrected headline states Bitcoin rose 7.15% not 11.63% 💰 Grayscale Bitcoin Trust had $1.9 billion in outflows last week 🚀 New U.S. spot bitcoin exchange-traded funds (ETFs) saw increased buying interest 📉 Price of bitcoin has slowed down compared to previous … Read more
Key Takeaways: 💱 Yen remained steady despite warning against speculation 📉 Dollar index dipped from one-month high 📈 Yen couldn’t sustain gains, near four-month high against dollar 🏦 Traders monitor 152 level for possible intervention 📊 Speculators borrow in yen, invest in emerging market high yielders 💹 Chinese yuan gained in offshore market 🇺🇸 Dollar … Read more
Key Takeaways: 💡 SWIFT is planning a new platform to connect central bank digital currencies to the existing finance system in the next 12-24 months 🌍 Around 90% of the world’s central banks are exploring digital currencies to avoid falling behind cryptocurrencies like bitcoin 🤝 SWIFT conducted a successful trial with a global collaboration involving … Read more
Key Takeaways: 💴 Yen strengthens after Japan’s currency diplomat warning against speculators 💵 Dollar weakens against a basket of currencies after reaching one-month high 🤝 China’s yuan gains on suspected selling of dollars by state-owned banks 📉 Fed Chair Jerome Powell maintains stance on rate cuts despite inflation concerns 🌎 Market and the Magnificent 7 … Read more
Key Takeaways: 💵 Dollar slipped on Monday due to threat of currency intervention from Japanese authorities and rally in China’s yuan 🇯🇵 Japanese yen rose 0.1% against the dollar 📉 Dollar index decreased by 0.16% to 104.26 🇨🇳 China’s yuan strengthened by 0.2% in onshore markets 💹 Renminbi rebounded after strong signal from China’s central … Read more
Key Takeaways: 💵 The U.S. dollar started the week lower, giving back the previous week’s gains 📉 Dollar Index traded down 0.2% at 104.010 🏦 Market awaits key inflation data and more comments from Federal Reserve speakers 📊 Fed hinted at potential rate cuts, dependent on inflation path 🛎️ Core personal consumption expenditures price index … Read more
Key Takeaways 💵 Dollar slipped on Monday with the threat of currency intervention from Japanese authorities and rally in China’s yuan 🇯🇵 Japanese yen slightly higher on the day, standing at 151.29 per dollar 📉 Yen’s current weakness not reflecting fundamentals, despite Bank of Japan hiking interest rates 🇨🇳 China’s yuan climbed in FX markets … Read more