europefx Key Takeaways: 💵 The U.S. dollar rose sharply after the Swiss National Bank’s surprise rate cut 📈 The Dollar Index hit a three-week high and was on track for a second week of gains 🇨🇭 The Swiss franc dropped after the rate cut, prompting reassessment of the Fed’s actions 💼 The Fed retains a positive … Read more
Key Takeaways: 💵 Most Asian currencies fell sharply on Friday due to a rebound in the dollar after SNB rate cut 📈 The dollar surged to a three-week high in Asian trade, indicating immediate demand for the greenback 🔖 Dollar indicators rose after SNB rate cut, with the dollar being viewed as the only low-risk, … Read more
Key Takeaways 💰 Egypt raised prices on a wide range of fuel products in line with IMF agreement 📈 IMF expanded financial support agreement to $8 billion to help Egypt’s economy 🔥 Inflation reached record levels in 2023, rising by 33.7% ⛽ Quarterly pricing committee raised petrol prices, including 80, 92, and 95 octane variants … Read more
Key Takeaways: 💵 Dollar rose after Swiss National Bank’s interest rate cut 🇬🇧 Sterling slid after Bank of England kept benchmark interest rate on hold 💹 Global risk sentiment increased with Federal Reserve’s less restrictive policy stance 📈 U.S. economic growth driving optimism and investment flows to the U.S. 📉 Euro fell against dollar and … Read more
Key Takeaways 💵 The dollar strengthened due to the U.S. economy and high interest rates, while the Swiss franc fell after the SNB cut rates 🇺🇸 The U.S. remains an attractive market offering higher yields compared to other major economies 📉 Sterling decreased after the BoE kept interest rates steady and expressed the need for … Read more
Key Takeaways 💷 Sterling fell after the Bank of England kept interest rates on hold 💶 Swiss franc tumbled to a multi-month low after the Swiss National Bank cut interest rates 💹 BoE’s interest rate-setters voted 8-1 to maintain borrowing costs at 5.25% 💣 BoE governor mentioned the need for more certainty on inflation control … Read more
Key Takeaways: 💵 Dollar rose after Federal Reserve maintained projections for interest rate cuts 🇨🇭 Swiss franc slumped after Swiss National Bank surprise rate cut 💸 Fed projected three rate cuts this year, starting in June 📉 Fed did not indicate delaying rate cuts despite sticky inflation readings 💯 Traders pricing over 70% chance of … Read more
Key Takeaways: 💱 The Swiss franc fell sharply against the dollar and Euro after a surprise interest rate cut by the Swiss National Bank (SNB) 📉 The pound edged lower ahead of a Bank of England (BoE) meeting 💰 BoE is expected to keep UK rates on hold, uncertainty remains about monetary policy outlook 🇬🇧 … Read more
Key Takeaways: 💹 Yen strengthened due to a weaker dollar and expectations of BOJ rate hikes 📈 Australian dollar rose after strong employment data in February 🔮 BOJ governor signals slow but steady normalization of monetary policy 🌍 US dollar declined after Fed maintains projections for rate cuts 📉 Dollar tumbled as markets now price … Read more
Key Takeaways: 💱 Most Asian currencies rose sharply after Fed comments on interest rate cuts 📈 Japanese yen strengthened due to U.S. interest rate cut prospects and hawkish Bank of Japan 💼 Resilience shown in Japanese economy through manufacturing and services sector growth 💹 Australian dollar surged on stronger-than-expected labor market data 💵 Dollar index … Read more