europefx 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
Key Takeaways 💶 Euro is holding steady near a 13-month high against the dollar 📉 Euro weakened after German business activity contracted in August but rebounded after strong euro zone data 🇪🇺 Euro zone wage growth data will impact upcoming European Central Bank policy decisions 🇬🇧 Pound remained steady at a 13-month high against the … Read more
Key Takeaways: 💵 Dollar is trading near a one-year low against euro and sterling 📉 Fresh signs of U.S. job market weakness support case for interest rate cuts 🏛️ Fed officials leaning towards interest rate cut at September meeting 📉 Traders anticipate a 38% probability of 50 basis point cut in September 🗣️ Markets await … Read more
Key Takeaways: 💵 Rupee weakened slightly against the U.S. dollar 📉 Importers contributing to rupee pressure due to high dollar demand 💸 Foreign outflows from Indian equities exceeding $2 billion in August 🇺🇸 Fed likely to cut interest rates in September and possibly twice more this year 📈 Dollar/Rupee forward premiums on the rise in … Read more
Key Takeaways: 💵 Most Asian currencies weakened as dollar recovers from 3 days of losses 📉 Growing anticipation of interest rate cuts by the Federal Reserve impacting market sentiment 🇯🇵 Japanese yen softens after a week of gains, still buoyed by positive economic data 📉 Sentiment towards U.S. dollar shifts with bets on September interest … Read more
Key Takeaways 💹 The euro has reached its highest point against the dollar this year 📈 The euro is the second best performing major currency versus the dollar in 2020 🏦 Rate differentials play a key role in the strength of the euro 🇺🇸 U.S. Federal Reserve rate cuts and ECB easing may impact the … Read more
Key Takeaways: 💵 Dollar gains due to rising geopolitical tensions and safe-haven appeal 🇬🇧 Pound slips after Bank of England cuts interest rates 💼 Fed Chair Jerome Powell hints at possible interest rate cuts in September 📉 Three 25-basis-point rate cuts by the Fed expected by year-end 🔍 Friday’s jobs report for July expected to … Read more
Key Takeaways: 💸 The euro has emerged as a clear winner from recent currency market turmoil. 📈 Euro is trading at its highest this year against the dollar, with more than a 2.5% gain in August. 🏦 Rate differentials are driving the strength of the euro against the dollar. 🔍 U.S. Federal Reserve rate cut … Read more
Key Takeaways: 💵 The dollar weakened to a more than one-year low against the euro and sterling following revised job data. 🗣️ Markets await Federal Reserve Chair Powell’s speech for clues on labor market view and potential rate cuts. 📉 Fed officials are leaning towards an interest rate cut at their next meeting in September. … Read more
Key Takeaways: 💵 Dollar dropped to a one-year low against euro and sterling 📉 Employers added 818,000 fewer jobs than previously reported 📈 Markets confused by delayed release of data, leading to choppy trading 🔍 Traders awaiting Fed Chair Powell’s comments on labor market and rate cut size 💸 Markets pricing in 33% probability of … Read more