Key Takeaways 💵 Nomura analysts forecast continued weakness in the U.S. dollar, especially in Asian markets due to macroeconomic factors. 📊 Market expectations regarding Fed’s interest rate path and U.S. economic outlook are shifting 🦷 "Dollar Smile" theory suggests USD does well in extreme economic situations 🛎️ Users are encouraged to engage in high-level discourse … Read more
Key Takeaways: 💸 Instant payment scheme launched in Switzerland on August 20, 2024 ⏱ Funds transferred in seconds, providing immediate execution and final settlement 🏦 Over 60 financial institutions participating, covering over 95% of Swiss retail transactions 🔄 All financial institutions in retail payments will be reachable by end-2026 🌐 Necessary technical conditions created for … Read more
Key Takeaways: 💹 Most Asian currencies steadied with the Japanese yen weakening 📉 Dollar wallows at seven-month lows amid rate cut bets 🛠️ Sustained unwinding in carry trade could negatively impact risk-driven markets 🌏 Regional currencies benefit from weakness in the dollar 📈 Traders bearish on greenback due to September interest rate cut expectations 💹 … Read more
Key Takeaways: 💹 Japanese yen witnessed a significant strengthening due to interest rate hikes by the Bank of Japan, leading to unwinding of the yen carry trade. 📊 Historical data suggests the yen could appreciate by 25% during carry trade unwinding, impacting corporate earnings in Japan. ⚖️ A 10% yen appreciation could result in a … Read more
Key Takeaways: 💸 Dollar hits a seven-month low 🌍 Euro reaches highest point of the year and up 2.4% for the month 📉 Swedish crown falls after central bank cuts rates and forecasts further easing in 2024 📊 Markets pricing in a 24.5% chance of a 50-bps rate cut in September 📈 Euro last at … Read more
Key Takeaways 💰 The rising prospect of a Democratic victory is unwinding "Trump trades" such as the bid in the dollar 📉 The dollar is continuing to weaken as Harris gains momentum in the race for the White House 📈 A post-convention bounce for Harris could further weaken the USD next week 🪟 Harris’s campaign … Read more
Key Takeaways: 💰 Dollar fell to lowest level since January as investors waited for U.S. payrolls data revisions and Powell’s speech 📉 Speculations about job data revisions causing concerns for U.S. economy and interest rate cuts 📊 Traders anticipating a 25-basis-point rate cut with around 75% probability in September 🕵️♂️ Powell’s comments at economic symposium … Read more
Key Takeaways: 💸 U.S. dollar facing selling pressure, especially from hedge funds and corporates 💶 EUR, JPY, and GBP seeing gains due to USD selling 📈 Hedge funds offering strong support for sterling despite being weakest G10 currency 🌍 Positive investor flows for EM FX currencies, with specific currency movements highlighted 🌐 Overall EM FX … Read more
Key Takeaways 💵 Dollar hits 7-month low, awaiting comments from Fed Chair Jerome Powell 👑 Swedish crown volatile after central bank rate cut, potential for quicker policy easing 📈 Euro touches highest level since December 28th 📉 Dollar index at lowest since January 2nd 🏛️ Focus on Powell’s speech at Jackson Hole conference and Fed’s … Read more
Key Takeaways: 💰 G10 FX positioning has become more balanced compared to Q2 📉 Vulnerabilities persist, particularly with hedge funds’ USD long positions 🔄 Demand for USD-JPY has partially reversed in the third quarter 💼 Real Money is neutral on EUR-USD and focused on emerging market currencies 📊 Futures market is more balanced, but FX … Read more