Key Takeaways: 💸 14.2% of U.S. households are underbanked 📈 Over 6% of underbanked households own digital currencies 📊 1 in 8 shoppers using buy-now-pay-later (BNPL) services have missed payments 🏦 Disparities in banking access still prevalent among different demographic groups The Rise of Cryptocurrency Ownership Among Underbanked Households A recent report by the FDIC … Read more
Key Takeaways 💵 Dollar rose to a four-month peak against major peers 📈 Bitcoin extended its record rally 🇨🇳 Yuan slumped to its lowest in more than three months due to potential Trump tariffs 🇪🇺 Euro languished at a seven-month trough due to political pressures in Germany 🇺🇸 U.S. equities, interest rates, and dollar continue … Read more
Key Takeaways 💵 Dollar has room to rally further according to Morgan Stanley 📈 Dollar Index traded at its highest level since July 📊 Three main reasons behind the expectation for dollar rally: pricing of tariff risks, better data and higher UST yields, upside risks on fiscal policy 💵 US dollar is expected to strengthen … Read more
Key Takeaways: 💰 Dollar rose to a four-month peak against major peers 🔥 Bitcoin reached an all-time high exceeding $88,000 🇺🇸 U.S. regulatory environment expected to be crypto-friendly under Trump administration 📉 Euro and yuan slumped due to potential Trump tariffs on Europe and China 📊 Market pushing U.S. equities, interest rates, and dollar higher … Read more
Key Takeaways: 💵 US dollar rose toward a four-month peak versus major peers 📈 Bitcoin extended its record rally 🌍 Euro languished near an almost seven-month trough 💱 Yuan slumped to a more than three-month low 🏦 Markets dialing back expectations of Fed cuts going forward 🇺🇸 Trump’s Republican Party projected to control both houses … Read more
Key Takeaways 💵 Most Asian currencies weakened, while the dollar traded near a four-month high 📉 Chinese yuan and Japanese yen were among the worst-hit 🇺🇸 The dollar has been strong since Trump’s election victory 📊 Focus on key U.S. consumer price index inflation data this week for interest rate cues 🇨🇳 Chinese yuan weakened … Read more
Key Takeaways: 💶 Euro hits near 7-month low against the dollar due to tariff worries under new administration 📉 Euro has been falling since Trump’s election, reflecting concerns about potential tariffs 🇪🇺 EU’s single currency dropped to $1.0654, lowest level since mid-April 💵 U.S. dollar index slightly overshoots post-election highs, reaching 105.70 📈 Markets pricing … Read more
Key Takeaways 💵 Euro dropped to lowest in 6-1/2 months against the dollar due to tariff concerns 📰 U.S. dollar index slightly overshot highs post-election, awaiting clarity on future policy 🇩🇪 German Chancellor clears way for snap elections, impacting politics 📈 Trump’s agenda, including tariffs and tax cuts, may affect inflation and bond yields 🇯🇵 … Read more
Key Takeaways: 💶 Euro hits five-month low 📉 Decline sharpens due to Trump suggestions 🌍 Global trade tensions affecting the euro’s performance against the dollar 💶 EU GDP data is a key focus 📊 US CPI figures are important to watch 🔍 Markets are anticipated to react to economic indicators after a volatile week The … Read more
Key Takeaways 💸 Euro hits 4-1/2-month low against US dollar due to tariff worries 📊 Markets focused on data and Federal Reserve speakers for clarity on future US policy 🇺🇸 Dollar index firmer after U.S. election results 📈 Analysts expect upward pressure on inflation and bond yields 🤔 Investors trading on economic data and rate … Read more