europefx Key Takeaways: 💵 Dollar dropped to a three-week low against the yen, but stabilized against other currencies 📉 Traders are anticipating interest rate cuts by the Federal Reserve 🇯🇵 Bank of Japan reaffirmed raising interest rates 📊 Stock Radar: BSE slips after 200% rally in a year, is the multibagger losing momentum or gearing up … Read more
Key Takeaways: 💸 Dollar sank against the yen and euro, near 13-month low against sterling 🗣 Fed Chair Powell’s dovish shift contrasted with BOJ Chief Ueda’s hawkish tone 📉 Dollar slumped against yen, sterling due to less aggressive stance on interest rate cuts 🌍 ECB policy makers may endorse another rate cut on Sept. 12 … Read more
Key Takeaways: 💼 US economy on track for a potential "soft landing" without entering a recession 📉 Weakening US dollar aligns with soft landing scenario 📈 Recent recovery in risk sentiment accompanied by dollar weakness 💱 Dollar’s performance tied to how US growth compares to other major economies 🌍 Global economic conditions influence the dollar’s … Read more
Key Takeaways 💵 Dollar hits a three-week low against the yen due to dovish Fed shift 🌍 Euro and sterling also remain strong against the dollar 🏦 Market anticipates Fed to start loosening campaign on Sept. 18 with potential large rate-cut increments 🇨🇳 Chinese yuan shows strength against the dollar 💰 Australian dollar retraces slightly … Read more
Key Takeaways: 💹 Most Asian currencies strengthened, particularly the Japanese yen, on speculation of a rate cut by the Federal Reserve in September 📉 Dollar index and futures weakened to their lowest levels since July 2023 📊 Market uncertainty remains over the size of a potential rate cut in September 🏦 Federal Reserve Chair Powell’s … Read more
Key Takeaways 💰 China’s central bank is working to prevent the yuan from appreciating sharply 📈 Yuan has strengthened 1.3% against the dollar in August 💵 External factors such as Federal Reserve interest rate cuts and rally in Japanese yen are supporting the yuan 🏛️ Chinese authorities aiming to avoid abrupt spikes in the currency … Read more
Key Takeaways: 💰 Dollar fell after Powell signaled U.S. interest rate cut in September 📉 Euro hit 13-month high and yen rose ⌛ Traders bet on a quarter-percentage-point rate cut at Sept Fed meeting 🇬🇧 Sterling rose to highest in two years on UK economic strength 🏦 Central banks like BOJ considering rate hikes in … Read more
Key Takeaways: 💷 Sterling climbed to its highest since March 2022 against the dollar 🇺🇸 Dovish comments from Federal Reserve Chair Jerome Powell caused the dollar to slide 📉 Dollar index dropped 0.5% after Powell hinted at policy adjustments 📈 Traders priced in a bigger chance of a 50 basis point rate cut at the … Read more
Key Takeaways 💰 Dollar gained on geopolitical tensions and safe-haven appeal 🇬🇧 Pound slipped after Bank of England rate cut 🇺🇸 Fed mentioned possible rate cuts in September 📉 Expectation of three rate cuts by year-end 📊 Next major economic release – Friday’s jobs report 📈 Dollar index was up at 104.41 💷 Sterling dropped … Read more
Key Takeaways: 💹 Sterling reached its highest level against the dollar since March 2022 💬 Federal Reserve Chair Jerome Powell’s dovish comments led to dollar weakening 📈 Traders expect a bigger chance of a 50 basis point rate cut at the Fed’s September meeting 📊 Sterling has been a top performing major currency this year … Read more