Key Takeaways: 💵 Weaker-than-expected US employment report led to a four-month low for the dollar 📉 Traders predict a 71% probability of a 50 basis point rate cut by the Federal Reserve in September 🔍 Other indicators do not point to a sharp economic slowdown, despite weak jobs data 🌐 Bitcoin fell 2.74% to $62,878 … Read more
Key Takeaways: 💵 Dollar Index fell 0.2% in early European trade, continuing July’s weak performance 🇺🇸 U.S. manufacturing activity contracted, raising recession fears 📉 Economists expect U.S. to have created 177,000 jobs in July 🇬🇧 GBP/USD slipped after Bank of England cut interest rates 🇪🇺 Eurozone manufacturing activity in contraction, ECB may cut interest rates … Read more
Key Takeaways: 💹 Asian currencies mostly traded in a tight range due to growing risk aversion and safe haven flows into the dollar 📈 Japanese yen remained steady after Bank of Japan’s hawkish stance and safe haven bids 🌏 Global stock market losses limited impact on foreign exchange markets due to prospects of U.S. interest … Read more
Key Takeaways: 💰 Dollar gained due to rising geopolitical tensions, seen as a safe haven 😔 British pound fell after Bank of England cut interest rates ⚖️ Federal Reserve Chair Powell’s comments led to dollar bounce 📈 Traders predict three rate cuts by year-end 🇺🇸 U.S. government jobs report for July to be released on … Read more
Key Takeaways: 💵 Dollar rallied on Thursday following central bank decisions 🇬🇧 Pound fell to a four-week low after BoE cuts rates 📊 Euro touched a three-week low of $1.0777 and was last down 0.36% 🇯🇵 Japan’s yen slipped after BOJ raised rates for a second time this year 💼 Fed Chair Powell emphasized keeping … Read more
Key Takeaways 💵 Dollar rebounded after Fed’s indication of a potential rate cut in September 🇬🇧 Pound weakened ahead of Bank of England’s policy-setting meeting 📈 Dollar Index traded higher after dropping 0.4% on Wednesday 🏛️ Fed suggests easing of monetary policy is nearing 📉 GBP/USD slumped 0.7% to 1.2767 before BOE meeting 🇪🇺 EUR/USD … Read more
Key Takeaways 💵 Dollar weakened after the Federal Reserve hinted at possible interest rate cuts in September 📉 Yen surged to its highest level since March following a hawkish move by the Bank of Japan, raising rates to 15-year highs 🇯🇵 BOJ indicated potential further rate hikes and reduction in government bond purchases by 2026 … Read more
Key Takeaways: 💱 Bank of Japan raising interest rates to highest in 15 years has boosted the yen against the dollar 📉 Dollar dropped 1.7% against the Japanese currency after BOJ’s rate hike 💹 Carry trades using yen as a funding currency are being reassessed by investors due to shifting interest rates 📊 Volatility increasing … Read more
Key Takeaways: 💹 Yen remains strong as dollar weakens after Fed hints at September rate cut 📉 US dollar index dropped 0.38% on Wednesday and fell 1.7% in July 🇪🇺 Euro rose 1% in July to $1.082875 💼 Markets fully pricing in 25 bps rate cut in September with expectations for 72 bps of easing … Read more
Key Takeaways 💵 Most Asian currencies strengthened due to potential interest rate cut in the US 🇯🇵 Japanese yen hit a 5-month high on hawkish signals from the Bank of Japan 📉 Chinese yuan lagged behind peers due to weak economic signals 🗣 Markets almost entirely expect a 25 basis point rate cut in September … Read more