Key Takeaways: 💰 The rouble fell 9% against the US dollar due to Ukraine’s attack on the Kursk region. 🔄 Foreign banks were the main sellers of the Russian currency during the rouble’s decline. 🏦 The Russian central bank and government remained silent on the rouble’s fall, attributing it to economic factors. 🛡️ Russian media … Read more
Key Takeaways 💵 U.S. dollar strengthened against other major currencies 📊 Reassuring data on lower jobless claims and increased retail sales 🏦 Markets observing economic health for potential rate cut adjustments 💱 Favourable market conditions in Eurozone and UK, along with lower US inflation, may prompt the Fed to consider rate cuts 📈 Euro and … Read more
Key Takeaways: 💵 Dollar strengthened against various currencies 📊 Retail sales increased, indicating positive economic activity ✋ Jobless claims lower than expected 📉 Market anticipation for upcoming rate cuts based on broader economic health 🇬🇧 Sterling rose after solid growth data was released 📉 Data showed U.S. inflation slowing, potentially giving the Federal Reserve room … Read more
Key Takeaways: 💷 Pound rose on solid British GDP data 🇪🇺 Euro held above $1.10, near a seven-month peak 📈 U.S. inflation data reinforced expectations of a Fed rate cut next month 🇺🇸 U.S. CPI rose moderately, annual inflation slowed to below 3% 🛍️ U.S. retail sales and Walmart earnings will impact market expectations 🇯🇵 … Read more
Key Takeaways: 💵 The U.S. dollar edged higher, but remained close to seven-month lows after benign inflation data 📉 📈 Sterling rose after solid GDP growth data in Britain 📈 📉 The Dollar Index traded 0.1% higher, reaching levels last seen in January 💵 💼 US retail sales data will be closely watched as consumption … Read more
Key Takeaways: 💷 The pound strengthened following solid British GDP data, reaching $1.2856 against the dollar 🇪🇺 The euro held above $1.10, near a seven-month high, supported by slowing U.S. inflation 😌 Markets were calmer, waiting on U.S. retail sales data to impact Fed rate cut expectations 📉 U.S. inflation figures decreased, leading to anticipation … Read more
Key Takeaways: 💵 U.S. dollar softens near eight-month low 📉 U.S. inflation slows, leading to expectations of rate cuts by Federal Reserve 🇯🇵 Japanese economy expands by 3.1% in Q2, potential for rate hike 📊 Markets predict 25 bps cut by Fed in September, with further cuts expected 🛒 Focus shifts to U.S. retail sales … Read more
Key Takeaways 💵 Most Asian currencies traded in a tight range after U.S. consumer inflation data softened, pushing the dollar near a seven-month low 📊 Positive economic readings from Japan, Australia, and China boosted sentiment towards regional markets 📉 Dollar index futures remained close to a seven-month low, leading to speculation of a September rate … Read more
Key Takeaways: 💵 U.S. CPI rose moderately in July and annual inflation slowed below 3% for the first time since early 2021 📉 Expectations for a Federal Reserve interest rate cut next month have increased 💶 Euro strengthened, hitting near eight-month peak against the dollar 🇬🇧 Sterling failed to gain on weaker dollar, down slightly … Read more
Key Takeaways: 💸 Dollar lost ground against major peers, boosting euro to an 8-month peak 📉 Subsiding U.S. consumer price index reinforces expectations for Fed rate cuts 📊 Inflation on a downward trend, giving Fed room to focus on labor market 🌍 Traders expecting rate cut in September, with bets for a 50 basis-point cut … Read more