europefx

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

Key Takeaways: 💵 The U.S. dollar slips ahead of Jackson Hole speech 📉 Markets anticipate Fed cutting rates by September 📈 EUR/USD and GBP/USD trading higher, near recent highs 💱 ECB maintains steady inflation expectations amid potential rate cuts 🇯🇵 Yen made gains after BOJ Governor reaffirmed hawkish stance 🔊 Central bankers will influence financial … Read more

Key Takeaways: 💹 Most Asian currencies firmed as the dollar cooled ahead of Jerome Powell’s address 📈 Japanese yen was the best performer, boosted by BOJ Governor Ueda’s hawkish comments 🌏 Broader Asian currencies advanced despite concerns over slowing economic growth 💵 USDJPY pair fell 0.4% on Friday, set for a 1.3% weekly decline 📉 … Read more

Key Takeaways 💸 Dollar rebounded from a 13-month low against the euro 📉 Concerns about a weakening U.S. economy and potential rate cuts have weakened the dollar 📊 Traders are pricing in a 27% probability of a 50 basis point rate cut next month 🗣️ Federal Reserve Chair Jerome Powell’s comments on Friday will provide … Read more

Key Takeaways: 💷 The pound reached a 13-month high against the dollar, while the euro also held close to a similar peak. 📈 Weakness in the U.S. dollar due to a dovish Federal Reserve has supported both currencies. 🇪🇺 Eurozone wage growth slowed sharply, potentially paving the way for an ECB rate cut in September. … Read more