Key Takeaways: 💹 Asian currencies firm slightly as dollar rally cools 🇯🇵 Yen gains ground amidst intervention and rate hike speculations 🧾 Sentiment remains fragile due to trade war fears and inflation anticipation 📉 Chinese yuan weakens on weak midpoint fix and trade war concerns 💱 Dollar index falls in Asian trade, focus on PCE … Read more
Key Takeaways: 💰 Bitcoin value decreased by 7.8% to below $60,000 📉 The drop in value occurred at 8:50 pm GMT on June 24 💸 Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24 📰 The report is auto generated from the Reuters news service 🌐 Subscribe to channels on YouTube, Telegram … Read more
Key Takeaways 💲 Dollar dipped from 8-week high against yen due to intervention fears 📉 Greenback briefly fell after seven straight days of gains 🇯🇵 BOJ might intervene if there are excessive forex movements 📊 U.S. 10-year yields at 4.251% versus 10-year Japanese government bond yields at 0.99% 📈 Yen down 1.4% against dollar in … Read more
Key Takeaways 💰 South African rand weakened by 0.9% against the dollar due to government uncertainty 🇿🇦 President Ramaphosa forming GNU with 9 parties 🏛 Focus on unity and economic growth for job creation 📈 Cabinet announcement to impact financial markets 🗳 ANC lost parliamentary majority and had to seek coalition partners 🔍 Investors interested … Read more
Key Takeaways 💱 The dollar weakened after reaching a near eight-week high 📉 The yen steadied amid intervention concerns by Japanese authorities regarding foreign exchange movements 🧍♂️ Market jitteriness led to speculation about possible Ministry of Finance intervention 💲 The U.S. personal consumption expenditures (PCE) price index release on Friday is highly anticipated for insights … Read more
Key Takeaways: 💵 The dollar remains close to an eight-week high 🇹🇯 The yen briefly jumped and weakened to 159.94 per dollar 📉 Yen has come under pressure due to BOJ’s decision to postpone stimulus 💹 Spotlight on U.S. PCE price index, expected to slow to 2.6% in May 🗳️ Political focus on U.S. presidential … Read more
Key Takeaways: 💵 Dollar easing after recent strong performance 📈 Euro seeing slight gains despite German business sentiment dip 📉 Expectations for Federal Reserve rate cut in September based on inflation data 🇪🇺 Uncertainty surrounding GBP due to Bank of England decision and upcoming UK election 🇯🇵 Yen facing intervention threats from Japanese authorities 💱 … Read more
Key Takeaways: 💵 The dollar was slightly weaker on Monday but near an eight-week high 🇯🇵 Japanese authorities warned about potential intervention as yen neared the 160 level 🗣 Japan’s top currency diplomat stated they will take appropriate steps if foreign exchange movement is excessive 🏦 The Bank of Japan’s decision to hold off reducing … Read more
Key Takeaways: 💱 The South African rand weakened in early trade as markets awaited President Ramaphosa’s cabinet announcement 🗳️ Nine parties have joined the ANC in a government of national unity, including the Democratic Alliance 🕒 Ramaphosa’s cabinet announcement is expected this week 🌍 South Africans want elected representatives to work together in building the … Read more
Key Takeaways 💵 Most Asian currencies weak due to strong dollar near two-month highs 🇯🇵 Caution over potential yen intervention measures by Tokyo 🇨🇳 Fears of trade war between China and EU impacting regional markets 📉 Stronger-than-expected US PMI readings driving flows into dollar 💰 Yen weak, government warns of potential 24-hour intervention 🇨🇳 Chinese … Read more