europefx 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
Key Takeaways: 💵 The dollar was mixed after a significant downward jobs revision 📉 Market confusion and choppy trading occurred due to the delayed release of the data 🤔 The revised data may not change the current economic outlook significantly 📉 Traders are pricing in a 33% probability of a 50 basis point rate cut … Read more
Key Takeaways: 💹 The euro is trading at its highest this year against the dollar 📈 Euro’s more than 2.5% gain in August sets it up for its best month since November 🔍 $1.10 level is significant for euro 💶 Second best performing currency versus the dollar this year after sterling 💱 Rate differential story … Read more
Key Takeaways: 💸 U.S. dollar facing more downside over next few years 📊 Fed expected to start loosening policy, leading to further dollar weakness 🌍 Dollar often strong post-Fed rate peak, but weakness tied to global economy fluctuations 💲 Fed predicted to cut rates more than peers, resulting in continued dollar weakening 📈 Euro may … Read more
Key Takeaways 💰 Emerging market FX expected to perform better in a hard landing scenario 🛢️ Lower oil prices and Fed easing to support EM FX 🇺🇸 U.S. terms of trade, 2-year swap rate, and China’s house prices key factors for EM FX post-COVID 🔀 Shift in factors influencing EM FX from pre-COVID period 📉 … Read more
Key Takeaways: 💵 The Indian rupee had its worst single-day performance in nearly two months, closing lower against the U.S. dollar 📉 Rupee’s gains were erased due to dollar demand from importers and foreign banks 💼 Some exporters have refrained from dollar sales anticipating further rupee weakness, affecting overall dollar supply in the market 📊 … Read more
Key Takeaways: 💱 The dollar hit a year low against the euro 📊 Investors await revisions to U.S. employment data and a speech by Federal Reserve Chair Jerome Powell ⚖️ Concerns about the economy and U.S. non-farm payrolls data revisions are affecting the dollar 💼 Markets are sensitive to recession concerns and a revision of … Read more
Key Takeaways: 💸 Instant payments in Switzerland now allow credit transfers within 10 seconds of a payment being made 🚀 Use of instant payments in Europe has risen from 5.2% to 17.8% in recent years 🏦 Around 60 financial institutions in Switzerland can receive and process instant payments, with more expected to join by 2026 … Read more
Key Takeaways 💵 Nomura analysts forecast continued weakness in the U.S. dollar, especially in Asian markets due to macroeconomic factors. 📊 Market expectations regarding Fed’s interest rate path and U.S. economic outlook are shifting 🦷 "Dollar Smile" theory suggests USD does well in extreme economic situations 🛎️ Users are encouraged to engage in high-level discourse … Read more
Key Takeaways: 💸 Instant payment scheme launched in Switzerland on August 20, 2024 ⏱ Funds transferred in seconds, providing immediate execution and final settlement 🏦 Over 60 financial institutions participating, covering over 95% of Swiss retail transactions 🔄 All financial institutions in retail payments will be reachable by end-2026 🌐 Necessary technical conditions created for … Read more