europefx

Key Takeaways: Most Asian currencies subdued ahead of US jobs data Indian rupee edged higher after RBI cut reserve requirements RBI lowers economic growth projection and raises inflation estimate Indian economy cooling, inflation above target range Asian central banks holding back on rate cuts due to weakening currencies and high … Read more

Key Takeaways David Sacks appointed as "White House A.I. & Crypto Czar" by President-elect Donald Trump Legal framework to provide clarity for the crypto industry, led by Sacks Sacks and officials to reshape U.S. policy on digital currency, focusing on making America the global leader in AI and Cryptocurrency Trump’s backers … Read more

Key Takeaways: Work on BRICS settlement system will continue despite Trump’s threat of import duties BRICS is focused on a settlement system, not creating a new international currency Russian official affirmed commitment to continue work on the system Russian official warns against Trump’s threats Tensions rise between Russia and US … Read more

Key Takeaways: Trump appoints former PayPal COO David Sacks as AI and crypto czar Sacks to work on legal framework for crypto industry in the U.S. Trump aims to make the U.S. the "crypto capital of the planet" Bitcoin breaks $100,000 for the first time Sacks to lead Presidential Council … Read more

Key Takeaways Dollar has benefited from U.S. exceptionalism and crisis-prone rivals South Korea’s political chaos impacted won negatively Fears of tariffs from Trump administration led to China’s yuan decline Unforeseen events affected various major economies globally Dollar index value has increased modestly despite U.S. dominance in equities Fed’s cautious … Read more

Key Takeaways: Euro rallied against the dollar as French government bonds stabilized Dollar index fell after rise in state unemployment claims French government bond stability supports the euro Bitcoin hit a record past $100,000, following nomination of pro-cryptocurrency head for SEC U.S. nonfarm payrolls report for November expected to show … Read more

Key Takeaways Euro rallied against the dollar with French government bonds stabilizing after government collapse Bitcoin surpassed $100,000, rising on news of pro-crypto SEC nominee Euro was on track for weekly losses, except for Thursday’s gains Euro’s positive price action boosted by short-term and moderate gains Bitcoin surged due to … Read more

Key Takeaways: Dollar has benefited from "tech-led wave of U.S. exceptionalism" Unforeseen events drew investors towards the safety of the dollar Dollar index up 5% this year, despite tightening hold over world equities Federal Reserve’s cautious approach to rate cuts has benefitted the dollar Potential challenges for the dollar’s dominance … Read more

Key Takeaways: Euro strengthened despite French government collapse Yen rallied as traders awaited Bank of Japan decision on interest rates Markets believe in a friendlier regulatory environment for cryptocurrencies under President-elect Trump Bitcoin has surged above $100,000 driven by political factors, and the rally is expected to continue Risks for … Read more

Key Takeaways: Canadian dollar expected to only marginally improve over the coming year Currency forecasted to be up slightly in the short term and long term Threat of U.S. trade tariffs impacting the Canadian economy Potential currency adjustment to offset tariffs Canada heavily reliant on U.S. exports, including oil and … Read more