europefx Key Takeaways: 💶 The euro reached a seven-month peak against the dollar, showing strength in the currency market 📉 Traders are anticipating weaker U.S. consumer prices data and a potential Fed interest rate cut next month 💵 The dollar softened after lower-than-expected U.S. producer prices data, leading to increased bets for a 50 basis-point rate … Read more
Key Takeaways 💶 Euro reached a seven-month peak against the dollar, trading at $1.1023 💵 Dollar softened against various currencies ahead of U.S. inflation data release 🇬🇧 Sterling slipped as British consumer price inflation rise was smaller than expected 🥝 Kiwi fell after Reserve Bank of New Zealand reduced cash rate 🇯🇵 Japanese Prime Minister … Read more
Key Takeaways 💵 Dollar is near one-week low due to expected U.S. rate cut 📉 New Zealand dollar drops after Reserve Bank rate cut and dovish stance 💹 Euro hits seven-month high against dollar 📊 Sterling weakened on softer-than-expected inflation data 🇯🇵 Japanese Prime Minister Kishida’s announcement has limited market impact 💧 Futures trading activity … Read more
Key Takeaways 💱 Most Asian currencies strengthened as the dollar weakened following soft U.S. inflation data. 📉 The New Zealand dollar faced significant losses after an unexpected interest rate cut by the Reserve Bank of New Zealand. 🇯🇵 The Japanese yen retained most of its recent rally despite improved market sentiment. 📊 The dollar index … Read more
Key Takeaways: 💲 Dollar weakened against the yen and a basket of peers as markets await U.S. inflation data 📉 PPI report showed U.S. producer prices increased less than expected in July 📊 Consumer price index report on Wednesday will guide Fed’s interest-rate policy 📈 Currency markets rocked by sharp rally in yen leading to … Read more
Key Takeaways: 💰 Russian rouble weakened to a 10-month low against the dollar following Ukraine’s attack 📉 Rouble lost 6.2% since the start of the attack on Aug. 6 🔄 Trading in major currencies shifted to the OTC market due to Western sanctions 📉 One-day rouble-dollar futures down 0.4% on Moscow Exchange 📈 Central bank’s … Read more
Key Takeaways: 💸 Yen remains weak for a second day 📊 Markets await US inflation data 📉 Dollar softens against peers 📈 Pound perks up as UK jobless rate falls 💰 US inflation data supports speculation of a Fed interest rate cut in September 📈 S&P 500 rises about 1% while bond yields decline 🌎 … Read more
Key Takeaways: 💰 Yen slipped for a second day, but dollar rose against it 📉 The yen slid to 38-year lows in July due to carry trade unwinding 📊 Investment strategy shifts due to Bank of Japan rate hike and U.S. rate cut expectations 🇯🇵 Japan’s parliament to hold special session to discuss central bank’s … Read more
Key Takeaways: 💶 Unwinding of the yen carry trade could hinder future Bank of Japan hikes 📈 USD/JPY traded 0.3% higher at ¥147.64 📉 Yen has appreciated sharply but is down 6% in the last month 🔄 Subsequent unwinds of carry trade expected to be slower 📊 Limited data availability for assessing the extent of … Read more
Key Takeaways 💵 Dollar edged higher as traders awaited release of producer price index 📉 Expected producer price index rise of 0.2% in July 🌍 GBP/USD rose on U.K. wage growth data depicting 5.4% increase 🛒 U.K. grocery inflation increased for the first time since March 2023 🔒 Federal Reserve could potentially cut rates in … Read more