Key Takeaways: 💵 Euro gained against the dollar but faces challenges due to potential June rate cut by ECB members 📉 Euro area inflation has slowed to 2.4%, contrasting with rising consumer inflation in the U.S. 🏦 ECB may adopt a more dovish stance due to the lack of a Q1 inflation spike, keeping the … Read more
Key Takeaways 💵 Dollar index fell on Wednesday offering relief to yen ✍️ Federal Reserve officials emphasized more debate and data needed before interest rates are cut 📈 U.S. economic data resilient with manufacturing growing and strong labor market 🗓️ Traders expect Fed to cut rates by 70 basis points this year, easing cycle priced … Read more
Key Takeaways: 🇺🇸 The dollar index is holding near a four-month high, impacting the yen 🇯🇵 The Japanese yen is close to its lowest levels in decades due to factors like interest rate differentials, BOJ’s policy shift, and commitment to slow rate increases 💪 Japanese officials are talking up the yen and have intervened in … Read more
Key Takeaways: 💵 The dollar index remains near a four-month high, impacting the yen 🌍 Eurozone inflation fell unexpectedly, pointing towards potential ECB rate cuts 💢 Japanese yen at 151.7 per dollar after recent historic policy shift by the Bank of Japan 🛡️ Market fears intervention by Japanese officials to resist the yen’s decline 📈 … Read more
Key Takeaways 💵 The U.S. dollar slightly decreased in European trade but remained near a four-month high 📉 Traders reined in expectations of early interest rate cuts by the Federal Reserve 📊 The Federal Reserve is expected to make around 75 basis points worth of rate cuts this year 🗣️ Federal Reserve Chair Powell made … Read more
Key Takeaways: 💹 Dollar index close to highest level in over four months, impacting Japanese yen 📊 Euro and pound remained steady 💰 Japanese yen close to lowest in decades, impacted by BOJ’s policy shift 🌍 Euro zone inflation data unlikely to majorly impact common currency 🇨🇳 Chinese yuan struggling near 4-1/2 month low, pressure … Read more
Key Takeaways: 💼 The Reserve Bank of India has not changed its stance on exchange-traded rupee derivatives 📜 Brokers were concerned about the requirement to provide proof of underlying forex exposure 📈 Individual investors and proprietary traders accounted for 80% of turnover in rupee derivatives in February 🏦 Some brokers requested clients to submit proof … Read more
Key Takeaways: 💵 Asian currencies little changed, dollar down from 4-½-month peak 📉 Top Fed officials’ hawkish comments boosted dollar, weakened Asian currencies 🌍 Taiwain earthquake dented sentiment in regional markets 📈 Japanese yen stabilized after recent losses 🔒 Threat of currency market intervention limited USDJPY long positions 🇨🇳 Chinese yuan stable, but USDCNY above … Read more
Key Takeaways 💵 The U.S. dollar was down on Tuesday despite hitting a 5-month high. 📈 The dollar index rose to its highest level since November 14. 🇨🇳 China’s yuan fell to a 4-1/2-month low as the dollar remained strong. 💸 Euro fell to its lowest since mid-February and near November lows. 📉 Sterling little … Read more
Key Takeaways: 💵 Macquarie advises traders to stay long the U.S. dollar 📉 U.S. economic data outperforming, inflation remains a bigger threat, geopolitical worries emerging 🗣 Federal Reserve officials’ speeches this week could drive dollar gains 💰 Macquarie analysts predict a decrease in US crude oil inventories by nearly 1 million barrels for the week … Read more