europefx Key Takeaways 💵 Bank of America Securities expects modest US dollar downside going into 2025 📉 US dollar is seen as moderately overvalued but Fed rate cutting cycle would help attenuate overvaluation 📈 Bank forecasts EUR/USD to rise, with end-2024 at 1.12 and end-2025 at 1.17 🔜 BoA expects more USD downside with disinflationary trends … Read more
Key Takeaways 💹 Citi forecasts USD/JPY to potentially reach 150 by end of 2024 📉 Pair could dip below 140 in early 2025 and close near 130 by end of year 💱 Factors like repatriation of foreign earnings could reverse yen weakness 📚 Japan’s digital account deficit may not indicate long-term structural weakness ⚠️ Citi … Read more
Key Takeaways: 💸 The US dollar has weakened after the Federal Reserve’s dovish shift. 📉 Further falls of the US dollar are expected by Capital Economics. 🕰️ A period of consolidation is more likely in the near term. 🌐 Continued weakness of the greenback expected over 2025. 🇺🇸 Potential for the dollar to appreciate if … Read more
Key Takeaways 🔽 The dollar edged down on increasing risk appetite as traders await key Fed speeches and economic data 🇨🇭 Swiss franc strengthened after SNB’s unexpected interest rate cut 📈 European and Asian stocks rose driven by China’s stimulus package 💱 Analysts focus on Federal Reserve policy and U.S. economic data in the forex … Read more
Key Takeaways: 💰 Bank of America Securities remains a seller of the US dollar 📉 Front end rates reflect expected Fed easing magnitudes similar to past downturns 🔄 Risk assets are performing consistently with a "soft landing" and reflation 📊 Broad USD depreciation is foreseen by the bank 💥 Large rate shocks can be dollar … Read more
Key Takeaways: 💰 Impending expiry of U.S. licence may make payments in Chinese yuan harder and costlier for Russian businesses 🏦 Chinese banks are cautious of dealing with Russian entities blacklisted by Washington ⏰ OFAC issued a licence authorizing certain transactions that will expire on Oct. 12 💳 Russian unit of Raiffeisen Bank International has … Read more
Key Takeaways: 💵 Dollar saw a sharp rally since early June following a rebound 📈 Investors uncertain about pace of future U.S. rate reductions 🗣️ Fed speakers not presenting a unified view on rate cuts 🇺🇸 U.S. jobless claims data to be closely watched for Fed’s focus on employment 📉 Traders expect a second 50 … Read more
Key Takeaways 💹 Most Asian currencies firmed as dollar steadied before Powell’s address 📉 Japanese yen extended losses ahead of the Liberal Democratic Party presidential election 📊 Dollar cooled in Asian trade after rebounding overnight 📈 Chinese yuan strengthened with more stimulus measures from Beijing 🌏 Optimism over China boosted broader regional currencies, including Australian … Read more
Key Takeaways: 💵 Dollar bounced off 14-month low against euro in choppy trading 🇨🇳 Yuan dips on doubts about Chinese stimulus impact 📉 U.S. consumer confidence dropped in September 💲 Traders expect second emergency-sized cut by Federal Reserve in November meeting 📊 Sales of new U.S. single-family homes fell less than expected in August 🌍 … Read more
Key Takeaways: 💰 Profit-taking likely to contribute to initial market weakness 📈 Dow and S&P 500 reached new record highs following rally last week 🤝 Trading activity may be subdued as markets await new catalysts 📊 Reports on jobless claims, durable goods orders, personal income & spending to impact trading 📈 S&P 500 hit fresh … Read more