Key Takeaways: 💵 The dollar maintained stability amidst anticipation of policy decisions by major central banks. 📈 The yen had a strong weekly rally due to interest rate expectations and stock market sell-off. 🌏 The dollar index rose slightly to 104.56, with the euro slipping to $1.0821. 🇺🇸 Speculation around potential BOJ interest rate hike … Read more
Key Takeaways: 💵 Dollar is stable at the beginning of an eventful week of central bank meetings 📉 Yen remains flat after a strong weekly increase due to shifting interest rate expectations 🇺🇸 Fed and BOJ policy decisions and US employment report are key events to watch this week 📈 Rising speculation of BOJ interest … Read more
Key Takeaways: 💰 Euro has had a good July against USD, but Eurozone likely heading into a recession 📉 European assets may face challenges ahead 🏦 European Central Bank expected to further relax monetary policy this year 💼 Eurozone showing vulnerabilities, could be easily induced into a recession by a shock 📉 ECB rate cuts … Read more
Key Takeaways 💴 Yen remained steady after the best weekly rally in late April 🉐 BOJ and Fed policy decisions on Wednesday awaited for further direction 💣 Geopolitical tensions include Israel’s response to a rocket strike blamed on Hezbollah 📉 U.S. equities seen as a key factor influencing market moves 💰 Investors cutting back on … Read more
Key Takeaways: 💸 Ethiopia’s central bank removed restrictions on the foreign exchange market 📉 Birr currency dropped 30% against the dollar after restrictions were removed 🏦 Ethiopia is making progress on debt overhaul to secure funding from the IMF 💰 Banks can now freely buy and sell foreign currencies at negotiated rates 🌍 IMF and … Read more
Key Takeaways: 💸 Ethiopia’s central bank removed restrictions on the foreign currency market to secure funding from the IMF 📉 Ethiopian birr currency sank 30% against the dollar to 74.73 per dollar after the restrictions were removed 🔄 Banks can now buy and sell foreign currencies at freely negotiated rates 💰 Ethiopia will receive $10.7 … Read more
Key Takeaways: 💹 Yen strengthened due to Middle-East tensions 📉 Dollar-dip at 12-week low against the Yen 📈 Global equity market rebound in Asia 💼 Heavyweight U.S. earnings week ahead 💱 Speculation on BOJ and Federal Reserve policy decisions 💵 Dollar index fell while euro and sterling values fluctuated 🇬🇧 BoE rate cut odds seen … Read more
Key Takeaways 💹 Most Asian currencies firmed on Monday as the dollar retreated before the Federal Reserve meeting this week 📉 Dollar index and dollar index futures fell in Asian trade after easing inflation data on Friday 🏦 Focus this week is on the Fed meeting where rates are expected to be kept unchanged but … Read more
Key Takeaways 💱 Japan considers the reaffirmation of existing commitments against excessive foreign exchange volatility as a major achievement in the G20 joint communique 📈 Commitments in the G20 joint communique stress the adverse implications of excessive volatility or disorderly movements in exchange rates on economic and financial stability 🇯🇵 Japan’s concerns about a weak … Read more
Key Takeaways 💰 Bitcoin price dipped as Donald Trump addressed a crypto audience 🇺🇸 Trump expressed interest in U.S. leading in the cryptocurrency space 🗳 Republican party making efforts to appeal to crypto holders before the election 💡 Former President Trump spoke at a Bitcoin conference 🎤 He expressed skepticism about Bitcoin and other cryptocurrencies … Read more