Key Takeaways: 💷 British pound dropped against dollar and euro 📉 Gilt yields rose for sixth consecutive day 📈 UK 10-year gilt yield near 2008 high 💷 Sterling at 14-month low against dollar and euro 📉 Driven by concerns over Britain’s fiscal sustainability 👀 Bond yields surge for sixth straight day 🇺🇸 U.S. labor market … Read more
Key Takeaways: 💵 U.S. dollar rose after strong jobs report, peaking at highest in over two years 💶 Euro hits weakest level against dollar since November 2022 🇺🇸 Resilient U.S. economy justifies strong dollar and higher rates 📉 Sterling slides to 14-month low amid concerns over UK finances and borrowing costs 🇦🇺 Australian dollar sinks … Read more
Key Takeaways: 💸 Sterling has dropped against the dollar and euro as investor concerns about Britain’s fiscal sustainability rise 📉 UK’s 10-year gilt yield is at its highest since 2008, impacting bond prices 💼 British Prime Minister reaffirms commitment to fiscal rules despite challenges 📈 Rising borrowing costs and sluggish growth data make it difficult … Read more
Key Takeaways: 💵 The U.S. dollar rose after a strong jobs report, putting pressure on peers 📉 Markets are scaling back bets on Federal Reserve rate cuts for 2025 📈 The U.S. economy’s resilience is supporting a strong dollar and higher rates 💔 Euro and pound hit multi-year lows against the dollar 🛡️ President-elect Donald … Read more
Key Takeaways: 💸 British pound slides against dollar and euro driven by rising gilt yields and fiscal concerns 📉 Sterling reaches lowest level since November 2023 🇺🇸 Strong U.S. labor market data affects global bond yields 📈 British 10-year gilt yield rises, 30-year yield hits 27-year high 📅 Attention on British inflation data release on … Read more
Key Takeaways: 💲 China plans to store more dollars in Hong Kong to support its weakening currency 📉 Yuan has been struggling due to dominant dollar, falling bond yields, and potential trade barriers with U.S. 🔒 People’s Bank of China taking steps like warnings against speculation to stop yuan’s decline 🇭🇰 PBOC to increase China’s … Read more
Key Takeaways: 💹 Dollar rose led to multi-year lows for peers after strong US jobs report 📉 Markets no longer fully pricing in Fed rate cuts, down to no cuts expected 🌐 Federal Reserve officials due to speak this week, reading on US inflation awaited 💰 Expectations of less aggressive easing cycle due to Trump’s … Read more
Key Takeaways: 💸 China announced plans to park more dollars in Hong Kong to bolster the yuan 📉 The yuan has been at 16-month lows due to a dominant dollar, falling Chinese bond yields, and potential trade barriers from Trump 🇨🇳 Authorities warned against speculating against the yuan and raised limits for offshore borrowings 💼 … Read more
Key Takeaways: 💹 The dollar surged to multi-year highs after a strong U.S. jobs report and dampened expectations of further Fed rate cuts. 📉 Other major currencies like the euro and pound weakened against the dollar. 🇺🇸 U.S. job growth accelerated in December, with the unemployment rate falling to 4.1%. 🔒 Markets are now pricing … Read more
Key Takeaways 💵 Most Asian currencies weakened due to the strong dollar 🇨🇳 Yuan remains fragile despite efforts to support it 📈 Dollar index at 26-month peak after strong US payrolls data 📉 Fed expected to cut interest rates slowly in 2025 📆 CPI data and Fed officials’ speeches to be closely watched 🔜 Goldman … Read more