Key Takeaways: 💹 The surprise rate cuts in China aim to boost economic growth 📉 Initial declines in the yuan were a knee-jerk reaction and further weakness will be carefully managed 📊 The rate cuts included adjustments to various interest rates 💱 The yuan has faced headwinds due to various factors such as weak growth … Read more
Key Takeaways: 💵 Dollar eased against a basket of currencies and dropped sharply vs yen 🇯🇵 Japanese currency could be at a turning point due to Fed rate cuts and BoJ tightening 📉 Money markets fully price in a 25 bps Fed rate cut by September 📉 Dollar index fell 0.1% at 104.30 🔁 Biden … Read more
Key Takeaways: 💹 India’s economy expected to grow at 6.5%-7% in 2024/25 📉 Growth forecast is below the 7.2% prediction by the central bank 🏠 Top 10 most affordable cities in India to buy a house 🕌 Most visited monuments in India 💰 Pros and cons of investing in value stocks 📈 Top 10 tips … Read more
Key Takeaways: 💸 Asian currencies stagnant after China interest rate cut and Biden’s re-election decision 🇺🇸 Dollar weakened with uncertainty over U.S. political landscape 📉 Chinese yuan weakens after People’s Bank of China’s rate cut to aid economy 🇯🇵 Japanese yen stable, Australian dollar and Singapore dollar down 🇰🇷 South Korean won and Indian rupee … Read more
Key Takeaways: 💵 Dollar climbed on Friday and was set to snap a two-week streak of declines 📈 Dollar index gained 0.24% at 104.39 and was up 0.3% on the week 🏦 Federal Reserve expected to make a policy announcement at the end of July 🇯🇵 Yen strengthened against the greenback after suspected official buying … Read more
Key Takeaways: 💵 The U.S. dollar rose slightly on Friday and is on track for a positive week 📉 GBP/USD traded lower after weak retail sales data in the UK 📉 EUR/USD fell after European Central Bank kept rates steady, with expectations of rate cuts 📈 Markets are pricing in almost two ECB rate cuts … Read more
Key Takeaways: 💵 Dollar strengthens due to safe-haven demand and interest rate cut bets 😞 Asian currencies weaken amid US-China trade uncertainty and presidential race concerns 🇨🇳 Chinese yuan weakens on reports of stricter US trade sanctions and lower-than-expected economic growth 💴 Japanese yen weakens after speculation of government intervention in currency markets and soft … Read more
Key Takeaways: 💵 Japan is suspected of intervention to prop up the yen due to concerns over import costs and effects on private consumption. 🔄 Tokyo’s intervention tactics have changed, with timing being more strategic and aiming to keep markets guessing. 🚨 Authorities do not have specific intervention levels, but traders estimate 160 yen per … Read more
Key Takeaways 💶 Euro fell after ECB kept rates steady 💵 Dollar climbed due to strong data on U.S. labor market and manufacturing 📈 Euro down 0.37% at $1.0897 after hitting four-month high 📉 Dollar index gained 0.49% at 104.18, biggest daily percentage gain since June 13 🇺🇸 Markets expect only slight chance of a … Read more
Key Takeaways: 💶 Euro lower after ECB maintains rates, while dollar strengthens after U.S. data 💬 Market left to decipher Lagarde’s comments for ECB’s next move 📊 U.S. manufacturing activity exceeded expectations, as weekly jobless claims rose 📈 Dollar index gains after touching four-month low 📅 Fed expected to announce policy updates in July, slight … Read more