Asian Markets Brace for Impact as US Inflation Data Looms

Key Takeaways: πŸ’΅ Traders in Asia await key U.S. inflation data this week πŸ“ˆ U.S. dollar remains strong following solid payrolls data πŸ‡―πŸ‡΅ Japanese yen weakens despite continued warnings of intervention 🏦 Bank of Japan’s rate hike has little impact on Japanese currency πŸ“‰ Asian currencies remain subdued amidst concerns over U.S. interest rates πŸ” … Read more

Gold price retreating from record peak, dollar rising ahead of nonfarm payrolls: BoJ’s Ueda discusses impact on Japan

Key Takeaways: πŸ’Ή Hawkish comments from Federal Reserve officials supported the dollar πŸ“Š Dollar index and dollar index futures rose in Asian trade πŸ“ˆ Japanese yen firmed on persistent concerns over government intervention 🌏 Broader Asian currencies moved in a flat-to-low range before U.S. payrolls data πŸ“‰ Australian dollar sank after bigger-than-expected decline in trade … Read more

Dollar Continues to Slide, Hits Two-Week Low Against Yen

Key Takeaways: πŸ’΅ The dollar hit a two-week low against the yen due to expectations of quick interest rate cuts in the U.S. πŸ“‰ U.S. services growth slowdown supported the idea of interest rate cuts, pushing the dollar lower initially. πŸ“ˆ Richmond Fed President noted less encouraging inflation data, raising questions on the economic outlook. … Read more