europefx Key Takeaways: 💵 The U.S. dollar rebounded from a one-year low after a Fed rate cut 📉 The euro declined with weak PMI data from Germany, hinting at a recession 🔗 Investors are pricing in significant rate cuts for the U.S. by the end of the year 🇪🇺 European Central Bank’s rate cut has hit … Read more
Key Takeaways 💹 Bitcoin reached one-month highs following the Federal Reserve’s rate cut 📈 Dollar strengthened against the yen, hitting a two-week high 🔄 Bank of Japan left interest rates unchanged, yen’s gains paused 📊 Markets thinned by a Japanese holiday with trade driven by expectations of further Fed rate cuts 💰 Bitcoin was up … Read more
Key Takeaways 💹 Most Asian currencies trading in a tight range as traders await more Fed cues 🇦🇺 Australian dollar performing well ahead of Reserve Bank of Australia meeting 📉 Yen weakened, but most Asian currencies holding onto gains after Fed rate cut 📈 RBA expected to keep interest rates steady, signaling hawkish stance 🎙️ … Read more
Key Takeaways: 💼 Mimura watches markets for build-up of yen carry trades 🔄 Yen carry trades likely unwound in the past 📉 Increase in yen carry trades could heighten market volatility ⚖️ Authorities prepared to act if currency moves deviate from fundamentals 🌐 Mimura took over as vice finance minister for international affairs in July … Read more
Key Takeaways: 💵 Dollar edged higher after Federal Reserve’s large interest rate cut 🇬🇧 Sterling rose after strong UK retail sales data 📉 Markets imply more rate cuts by the Federal Reserve 🌍 Euro up almost 1% for the week 📈 German producer prices fell less than expected 🇯🇵 BOJ held interest rates steady, inflation … Read more
Key Takeaways: 💱 Most Asian currencies strengthened after the Fed cut rates and began an easing cycle 💴 Japanese Yen rose as the Bank of Japan held interest rates and expected inflation and economic growth to rise 🇨🇳 Chinese Yuan also firmed as the People’s Bank of China kept benchmark rates steady 📉 USDJPY pair … Read more
Key Takeaways: 💸 Bets on a stronger Japanese yen are gaining traction 📉 Yen has seen strong recovery recently 📈 Interest rates and global economic conditions support yen in the future 🏦 BOJ expected to maintain interest rates, providing more yen buying opportunities 💰 Japanese economy remains resilient with wage increases 🔄 Interest rate differentials … Read more
Key Takeaways: 💵 The U.S. dollar slipped in choppy trading after the large 50 basis point interest rate cut by the Federal Reserve 📉 Despite the unexpected rate cut, the dollar did not sustain significant damage 📈 The euro strengthened against the dollar, while expectations focused on the Bank of Japan keeping interest rates unchanged … Read more
Key Takeaways 💰 The U.S. dollar edged lower in choppy trading following a 50 basis point interest rate cut by the Federal Reserve 📉 Dollar index was down to 100.950 after reaching a low of 100.21 🇪🇺 Euro strengthened to $1.111950 and yen was 0.45% higher against the dollar 📈 Money markets priced in additional … Read more
Key Takeaways: 💵 Dollar slipped after Fed cut interest rates and revised monetary policy outlook 🇬🇧 Sterling and other currencies outperformed peers 📉 Money markets expecting additional rate cuts in 2024 and 2025 📈 Pound hit highest level since March 2022 against dollar 💼 Australian employment data exceeded forecasts, supporting the Aussie dollar 🇳🇿 New … Read more