europefx Key Takeaways: 💵 The US dollar is poised for its biggest weekly gain since mid-January. 📊 Mixed data on the US economy suggests the Federal Reserve may keep interest rates higher for longer or reduce planned rate cuts. 📈 Dollar index flat at 103.43. 🏭 US manufacturing sector showed solid output rebound in February. 🛒 … Read more
Key Takeaways: 💵 Euro could drop to $1.05 from $1.08 in the base case scenario of a 10% increase in tariffs on Europe 🚗 Possibility of euro reaching parity against the dollar if 20% tariffs are imposed on Europe’s carmakers by Trump 📉 Barclays’ global chairman of research predicts potential effects of Trump winning the … Read more
Key Takeaways: 💵 The U.S. dollar is on track for a positive week after hot inflation data 📈 Markets are closely watching the Federal Reserve for clues on future monetary policies 🤑 Japanese yen weaker due to uncertainty around Bank of Japan’s policy movement 🔗 Bitcoin and Ether prices rising in the cryptocurrency market 💼 … Read more
Key Takeaways: 💵 Most Asian currencies fell and the dollar reached a 1-week high due to hot inflation data and fears of hawkish Fed signals 🏦 Central bank meetings in Japan and Australia expected to offer more hawkish signals to currency markets 📈 Dollar index and dollar index futures rose in Asian trade after stronger-than-expected … Read more
Key Takeaways: 💵 The U.S. dollar gained strength ahead of PPI release and retail sales data 📈 The Dollar Index traded 0.1% higher at 102.490 📉 EURO/USD edged lower due to lack of significant economic data in the eurozone 💶 ECB may start cutting interest rates in the spring, between April and June 🇬🇧 GBP/USD … Read more
💵 Dollar remains steady following strong CPI data 🌊 GBP is stagnant/unchanging 📉 Euro weakens against dollar
Key Takeaways: 💵 Dollar gained strength ahead of PPI release 📈 Dollar Index traded higher against a basket of currencies 📉 Dollar weakened due to dovish comments from Fed chief Jerome Powell 💹 U.S. data shows economy remains strong but inflation is a concern 🇪🇺 EUR/USD dropped due to lack of significant economic data in … Read more
Key Takeaways: 💵 134 countries representing 98% of the global economy are exploring digital currencies 🚀 Over half of the countries are in advanced development, pilot, or launch stages 🇺🇸 The United States is falling behind in developing a digital dollar for the wider population 💱 China, Europe, and Japan are ahead in CBDC development … Read more
Financial Market Updates: 💵 The U.S. dollar steadied after strong consumer inflation data 🇬🇧 The British pound remained stable ahead of key GDP data releases 🌍 Most G7 currencies traded rangebound, with minimal movement 📉 The Japanese yen saw some strength amid focus on Bank of Japan policy shift 🔍 Markets anticipate the Fed to … Read more
Key Takeaways: 💱 Most Asian currencies dipped while the dollar remained steady after U.S. inflation data. 🇯🇵 The Japanese yen saw gains due to potential interest rate hike by the Bank of Japan. 💵 The dollar index and futures retained gains after stronger-than-expected CPI reading. 📉 Concerns about Fed trimming interest rates linger despite inflation … Read more