europefx Key Takeaways: 💵 The Russian rouble hit a one-week low against the dollar following a deadly shooting near Moscow. 🔴 Four men were charged for the deadly attack at a concert outside Moscow. 📉 The rouble was relatively unchanged against the dollar but lost value against the euro and yuan. 🏦 The Bank of Russia … Read more
Key Takeaways: 💱 Most Asian currencies firmed as the dollar consolidated at one-month highs 📈 Broader Asian currencies firmed, gains limited in anticipation of key economic figures 📈 Australian dollar and South Korean won rose, Singapore dollar firmed 💹 Most Asian currencies are firming up, recovering from recent losses as the dollar remains at one-month … Read more
Key Takeaways 💵 The dollar is strengthening after a significant shift in global rate outlook. 🌍 The Swiss National Bank and other central banks are cutting rates or indicating intentions to do so. 📈 The U.S. economy and high interest rates are keeping the dollar strong against all G-10 currencies except the yen. 🏦 The … Read more
Key Takeaways: 💵 The U.S. dollar rose sharply after the Swiss National Bank’s surprise rate cut 📈 The Dollar Index hit a three-week high and was on track for a second week of gains 🇨🇭 The Swiss franc dropped after the rate cut, prompting reassessment of the Fed’s actions 💼 The Fed retains a positive … Read more
Key Takeaways: 💵 Most Asian currencies fell sharply on Friday due to a rebound in the dollar after SNB rate cut 📈 The dollar surged to a three-week high in Asian trade, indicating immediate demand for the greenback 🔖 Dollar indicators rose after SNB rate cut, with the dollar being viewed as the only low-risk, … Read more
Key Takeaways 💰 Egypt raised prices on a wide range of fuel products in line with IMF agreement 📈 IMF expanded financial support agreement to $8 billion to help Egypt’s economy 🔥 Inflation reached record levels in 2023, rising by 33.7% ⛽ Quarterly pricing committee raised petrol prices, including 80, 92, and 95 octane variants … Read more
Key Takeaways: 💵 Dollar rose after Swiss National Bank’s interest rate cut 🇬🇧 Sterling slid after Bank of England kept benchmark interest rate on hold 💹 Global risk sentiment increased with Federal Reserve’s less restrictive policy stance 📈 U.S. economic growth driving optimism and investment flows to the U.S. 📉 Euro fell against dollar and … Read more
Key Takeaways 💵 The dollar strengthened due to the U.S. economy and high interest rates, while the Swiss franc fell after the SNB cut rates 🇺🇸 The U.S. remains an attractive market offering higher yields compared to other major economies 📉 Sterling decreased after the BoE kept interest rates steady and expressed the need for … Read more
Key Takeaways 💷 Sterling fell after the Bank of England kept interest rates on hold 💶 Swiss franc tumbled to a multi-month low after the Swiss National Bank cut interest rates 💹 BoE’s interest rate-setters voted 8-1 to maintain borrowing costs at 5.25% 💣 BoE governor mentioned the need for more certainty on inflation control … Read more
Key Takeaways: 💵 Dollar rose after Federal Reserve maintained projections for interest rate cuts 🇨🇭 Swiss franc slumped after Swiss National Bank surprise rate cut 💸 Fed projected three rate cuts this year, starting in June 📉 Fed did not indicate delaying rate cuts despite sticky inflation readings 💯 Traders pricing over 70% chance of … Read more