Dollar Weakens as Asia FX Firms Prepare for Potential Fed Rate Cut

Key Takeaways 💵 Most Asian currencies strengthened, while the dollar weakened 🇯🇵 Japanese yen performed well, rebounding and remaining near peaks 📉 Dollar index and futures both decreased in Asian trade 🛍️ Dollar slightly strengthened after robust retail sales data 📉 Expectations of Fed rate cut pushing dollar lower 🌏 Prospect of lower rates favor … Read more

Capital Economics Predicts Tough Times Ahead for Mexican Assets: What You Need to Know

Key Takeaways: 💸 Mexican peso and financial assets are expected to underperform 🌍 Mexican assets have lagged behind EM peers in dollar terms 🤔 Poor performance attributed to political and economic factors 🇲🇽 Future performance tied to domestic and global issues 💼 President Sheinbaum faces economic challenges 📈 Global risk appetite could benefit Mexican assets … Read more

BNP Paribas Predicts Euro’s Rise Amid Recession, Impact of Fed Rate Cut on Global Markets, and Gold’s Surge Before Central Bank Decisions

Key Takeaways: 💵 BNP Paribas predicts euro could rally against the dollar in a global recession 📈 Euro and peripheral government bond spreads in the currency bloc are less sensitive to risk-off periods 🌍 Euro/dollar is the most actively traded currency pair globally 📢 BNP Paribas forecasts euro/dollar to rally to $1.15 by end-2025, gaining … Read more

New Study Confirms Increasing Momentum for Central Bank Digital Currency

Key Takeaways 💰 134 countries are exploring digital versions of their currencies, representing 98% of the global economy 🌍 Almost half of the countries are at an advanced stage of exploring central bank digital currencies (CBDCs) 🔍 All G20 nations are looking into CBDCs, with 44 countries piloting them 📈 China, the Bahamas, and Nigeria … Read more