europefx Key Takeaways 💱 UBS raises its USD/JPY forecast to reach 155 by December 2024, followed by 152, 150, and 147 in subsequent months. 📈 Possibility of a near-term surge to 158-160 if U.S. 10-year yields rise. 💼 Anticipated downward pressure on USD/JPY in 2025 due to Fed rate-cutting cycle and trade tensions. 📉 UBS estimates … Read more
Key Takeaways: 💵 U.S. dollar at one-year high against major peers 🇺🇸 President-elect Trump’s policies projected to fuel inflation and economic growth 📈 Treasury yields on the rise, supporting the dollar 🚀 Bitcoin hits record high, Trump supportive of cryptocurrency 💰 Copper falls below $9,000 a ton for the first time in two months 📊 … Read more
Key Takeaways: 💰 Pound hits lowest level against dollar since July 🎤 Finance minister Rachel Reeves to deliver speech on "megafunds" 📉 Euro at one year low, dollar higher against yen and Swiss franc 📈 Potential impact of Trump administration policies on inflation and Fed rate cutting cycle 💵 Dollar supported by expectations of deeper … Read more
Currency and Forex Market Insights 🇬🇧 Bank of England cut interest rates but high inflation persists 💵 The U.S. dollar reached a one-year peak due to doubts on Fed rate cuts and Trump administration actions 📈 USD/JPY and USD/CNY reached three-month highs due to market sentiments and potential trade tariffs 📉 Euro and pound weakened … Read more
Key Takeaways 💵 U.S. dollar at one-year high against major peers 🌍 Global trade tensions impacting currency markets 📊 Tech companies also benefitted from the market rally 🧥 Early winter could benefit India’s consumer brands 🇮🇳 India extends help to Japanese billionaire affected by China 📰 Investors closely monitoring geopolitical developments Article The U.S. dollar … Read more
Key Takeaways 💰 Most Asian currencies weakened while the dollar rose to a one-year high 📉 Chinese yuan and Japanese yen among the worst-hit currencies 🇺🇸 Dollar index and futures rose nearly 0.2% in Asian trade 📈 Headline CPI rate rose, core CPI remained above the Fed’s target 🏦 Uncertainty in the long term outlook … Read more
Key Takeaways 💵 The U.S. dollar hit a one-year high against major currencies due to "Trump trades" and expected U.S. inflation. 📈 The dollar index rose to 106.44 against a basket of currencies. 🤔 Concerns about U.S. inflation led to a relief rally and lower yields for U.S. Treasury bonds. 🖥️ Bitcoin surged past $90,000 … Read more
Key Takeaways: 💵 The U.S. dollar is near a seven-month high after U.S. inflation data 📈 Dollar index rose 0.33% to 106.34 📉 U.S. Treasury yields fell after inflation data 🏦 Bitcoin surged past $90,000 for the first time 🇯🇵 Japan’s wholesale inflation accelerated 🇪🇺 Euro weakened amid expectations of Trump tariffs 🇨🇳 Dollar weakened … Read more
Key Takeaways 💵 U.S. dollar retreated from a 6-1/2-month high following U.S. inflation data 📈 Dollar index fell 0.1% to 105.88 after touching a high of 106.21 📊 Data showed October inflation in line with expectations, signaling potential Fed rate cuts 🇺🇸 Trump’s post-election victory contributing to greenback’s rise due to expectations of inflationary measures … Read more
Key Takeaways: 💵 The U.S. dollar reaches a 6-1/2 month peak against major currencies 📊 Investors anticipate U.S. inflation data for potential market impact 🏛 Republicans moving closer to full control of Congress could bolster the president-elect’s policies 💸 Factors such as U.S. tariffs, fiscal stimulus, and economic strength underpin the dollar’s strength 📈 U.S. … Read more