Key Takeaways 💱 Ugandan shilling weakened due to high demand from importers 📉 Shilling quoted at 3,690/3,700 by commercial banks at 0905 GMT 📈 Compared to Tuesday’s close of 3,678/3,688 the shilling lost ground 💰 Ugandan shilling weakened due to increased demand for hard currency 💼 JSW Group expects approval for JSW Cement’s IPO by … Read more
Key Takeaways: 💲 The U.S. dollar gained on safe haven demand after the closure of the U.S. embassy in Kyiv 🇬🇧 Sterling performed well as UK inflation rose more than expected in October 🏦 Investors are looking for clues on future Fed monetary policy decisions from Federal Reserve Governors 💼 UK CPI data exceeded expectations, … Read more
Key Takeaways 💵 U.S. dollar fell to a one-week low against major peers after a post-Trump election rally 🌐 Bitcoin approaching all-time peak driven by expectations of crypto-friendly regulations under Trump 📈 Dollar index hit a one-year high due to expectations of fiscal spending, tariffs, and immigration policy changes 🇷🇺 Trump’s controversial cabinet nominations and … Read more
Key Takeaways: 💰 Most Asian currencies trading in a tight range, yuan unchanged 📉 Dollar stabilizes after recent losses, growing uncertainty over U.S. interest rates 🇨🇳 China holding off on more economic support in face of Trump presidency uncertainty 🤔 Traders pricing in chance of Federal Reserve cutting interest rates in December 📊 Broader Asian … Read more
Key Takeaways: 💹 Dollar index rose after initial boost to safe-haven currencies 🇷🇺 Russia lowered threshold for nuclear strike, causing market reaction 🇺🇸 U.S. allows Ukraine to use U.S.-made weapons to strike Russia 🌐 Dollar index measures greenback against basket of currencies ☮️ Russian Foreign Minister committed to avoiding nuclear war 💴 Yen remained stable … Read more
Key Takeaways: 💵 Safe-haven currencies like the U.S. dollar, Swiss franc, and Japanese yen were in demand after Russia updated its nuclear doctrine in response to the situation with Ukraine 📉 Market sentiment calmed after Russian Foreign Minister Sergei Lavrov indicated efforts to avoid nuclear war and the U.S. stated it had no plans to … Read more
Key Takeaways 💰 Canadian dollar strengthened against the US dollar 📉 Canadian government 10-year bond yields decreased by 3.1 basis points 📉 Yield on Canadian government debt lower than similar US government benchmark 🛢️ US December crude futures decreased by 19 cents per barrel 📈 Canada’s annual inflation rate increased to 2% 🔍 Canadian government … Read more
Key Takeaways 💣 Safe-haven assets like government bonds and the Japanese yen rallied amid US-Russia tensions over Ukraine 📉 Government bond yields dropped as prices rallied in response to Putin’s statement and escalating tensions 🌍 Global markets experienced risk-off moves with European shares and US stock futures falling 💼 Investors awaited news on President-elect Donald … Read more
Relevant Financial News: 💵 The U.S. dollar edged higher after retreating from a one-year high, tracking political guidance 📈 The Dollar Index traded 0.2% higher at 106.427, having climbed 1.6% over last week, reaching a one-year high 💼 Traders are focused on President-elect Donald Trump’s political appointments, particularly the selection of the US Treasury Secretary … Read more
Key Takeaways: 💰 Yen steadied on the stronger side of 155 per dollar due to profit-taking on the dollar 🇯🇵 Japanese Finance Minister reiterated response to excessive foreign exchange movements 📈 Asian markets are showing signs of recovery with Nikkei, ASX, and KOSPI up 🏦 Central banks are expected to maintain a balanced view on … Read more