europefx Key Takeaways: 💸 Dollar weakened after Powell speech on inflation progress and potential interest rate cuts 🇪🇺 Euro strengthened ahead of French parliamentary vote and due to high eurozone services inflation 🇬🇧 GBP rose slightly as U.K. general election approaches with Labour Party expected to win, tight finances may support sterling 🗾 USD/JPY trading higher … Read more
Key Takeaways: 💰 Global facilities financier I Squared Capital planning to invest $5 billion in Asia Pacific from 2025 to 2027 🏢 I Squared plans to open a new office in Seoul this year, already active in Singapore, New Delhi, Sydney, and Taipei 🛢️ Positive outlook on Malaysian palm oil futures due to a weaker … Read more
Key Takeaways: 🔍 Japan introduces new banknotes with hologram portraits of key figures in finance, education, and science 💵 Business and consumers encouraged to shift towards cashless transactions 📈 Economy moving into a growth phase, prompting modernization of payment systems 🪙 Cashless payments in Japan still low compared to global standards, government aims for 80% … Read more
Key Takeaways 💴 Japan introduced new banknotes with 3D holograms to prevent counterfeiting 🏦 New 10,000-yen note features Eiichi Shibusawa, known as the father of Japanese capitalism 👩🏫 New 5,000-yen bill depicts educator Umeko Tsuda 🧪 1,000-yen bill showcases medical scientist Shibasaburo Kitasato 📈 Cashless payments in Japan have almost tripled in the past decade … Read more
Key Takeaways: 🗳 Boris Johnson spoke at his first Tory campaign event, criticizing Labour and emphasizing the importance of Conservatives winning the election 🤝 Rishi Sunak summoned Boris Johnson for a campaign boost, despite their complicated relationship in the past 💰 Rishi Sunak highlighted Conservative achievements, promised tax cuts, and urged people to support the … Read more
Key Takeaways 💸 Japan introduced new banknotes with holograms to prevent counterfeiting 🏦 The new 10,000-yen note features Eiichi Shibusawa, the founder of the first bank 👩🏫 The 5,000-yen bill portrays Umeko Tsuda, founder of women’s universities 👨🔬 The 1,000-yen bill showcases medical scientist Shibasaburo Kitasato 📈 Cashless payments in Japan have tripled but are … Read more
Key Takeaways: 💲 The dollar slipped on Tuesday after dovish comments from Jerome Powell 📈 U.S. job openings increased in May, exceeding expectations 🔄 U.S. rate futures show a 69% chance of a rate cut in September 💹 Treasury yields rose but pulled back on Tuesday 💱 The dollar was flat against the yen, reaching … Read more
Key Takeaways: 💵 The South African rand extended losses early on Tuesday due to concerns over the government of national unity. 📉 The rand traded weaker at 18.44 against the dollar. 🤝 Investors are concerned about the many obstacles facing the unity government. 🇿🇦 South Africa’s ANC lost its parliamentary majority for the first time … Read more
Key Takeaways: 💹 Rising U.S. yields are supporting the dollar 📊 Markets are waiting for a speech from Federal Reserve Chair Jerome Powell 🇺🇸 Expectations of Donald Trump winning the U.S. presidency led to higher tariffs and government borrowing 📈 Dollar index is up, with focus on economic data and comments from Powell 🏴 Sterling … Read more
Key Takeaways 💵 U.S. dollar supported by rising yields, affecting low-yielding currencies like yuan and yen 📉 Yen hits its weakest level since 1986 due to interest rate gap with U.S. 📊 Dollar strength linked to expectations of Trump win and inflation increase 🇯🇵 Japanese authorities vigilant about sharp currency moves but no clear intervention … Read more