europefx

Key Takeaways: 💼 Putin suggests moving major company headquarters outside Moscow to regions 🛡️ Moscow’s economic growth relies heavily on defense and security spending to mask underlying issues 💱 Russia seeks to increase use of BRICS countries’ currencies in settlements 📉 Russia plans to reduce imports and increase production competitiveness 📈 Value of Russian stock … Read more

Key Takeaways: 💱 Russia aims to cut imports and boost the use of non-Western currencies in trade settlement 📈 Trade with Asia is increasing significantly for Russia 🌍 Russia plans to increase the share of settlements in BRICS currencies 🔄 Share of Russian exports in ‘toxic’ currencies halved last year 📉 Value of Russian stock … Read more

Key Takeaways: 💵 Dollar remained flat ahead of key U.S. employment data 🇪🇺 Euro steadied after ECB rate cut announcement 📊 Markets anticipate Fed rate cuts later in the year 🌍 Global growth concerns persist with China’s mixed trade data 📉 U.S. dollar index little changed at 104.09, nearing weekly slide of 0.54% 🏦 Market … Read more

Key Takeaways: 💰 Most Asian currencies remained stable ahead of key U.S. payrolls data 📉 Dollar faced weekly losses due to growing expectations of interest rate cuts 🇨🇳 China’s exports grew more than expected, but imports remained weak 🤔 Sentiment towards China soured amid doubts over economic rebound 🇮🇳 Indian rupee remained close to record … Read more

Key Takeaways: 💱 The dollar traded sideways ahead of the US employment data that will impact the Federal Reserve’s decision on easing 📈 Euro rose slightly against the dollar post ECB rate cut but is off against the Japanese yen 📉 Dollar index slightly lower despite rise in weekly jobless claims 💹 Market narrative suggests … Read more

Key Takeaways 💶 Euro stabilized after European Central Bank lowered rates, staying close to recent highs 📊 Dollar index slightly increased, unaffected by higher than expected unemployment benefit applications 📉 Inflation in euro-sharing countries has decreased recently but is showing signs of potential stickiness 🌎 Markets now focused on U.S. payrolls data for potential impact … Read more

Key Takeaways: 💶 Euro holding firm ahead of ECB policy meeting, with a cut expected 🇨🇦 Canadian dollar firming after Bank of Canada rate cut 🇺🇸 US data showing employment growth moderation, leading to Fed rate cut expectations 🌍 Markets expecting 63 basis points of ECB rate cuts, with potential for more cuts by year … Read more

Key Takeaways: 💵 BoC cut interest rates by 25 basis points 📉 Minimal and brief impact on Canadian dollar 🍁 ING predicts additional 75 basis point reduction by BoC in 2H24 🌎 Market consensus cautious about interest rate differential with Fed 📈 USD/CAD exchange rate could drop below 1.35 in 2H24 🇨🇦 Bank of Canada … Read more

Key Takeaways 💶 The euro strengthened ahead of ECB decision on rate cut 🇺🇸 Dollar weakened as markets anticipate U.S. Federal Reserve easing cycle 🍁 Canadian dollar rose after Bank of Canada cut key policy interest rate 📉 The U.S. dollar was pressured by labor market conditions supporting Fed rate cuts 🇯🇵 Yen gained as … Read more

Key Takeaways 💲 Most Asian currencies are strengthening as dollar weakens due to rate cut expectations 📉 Dollar index and dollar index futures dropped about 0.2% in Asian trade 🇯🇵 Japanese yen’s USDJPY pair fell 0.3%, while Bank of Japan expected to potentially tighten policy 🇦🇺 Australian dollar’s AUDUSD pair rose nearly 0.3% despite sharp … Read more