Key Takeaways 💵 The dollar fell to a three-week low based on data pointing to a slowing U.S. economy 📉 The U.S. dollar posted its first monthly decline of the year in May 🇪🇺 The Euro gained against the dollar to a three-week high 🛠️ The U.S. Institute for Supply Management’s (ISM) purchasing managers index … Read more
Key Takeaways: 💵 Dollar had a surge due to stronger jobs report and reduced September rate cut bets 🔮 Major reversal in USD weakening trend requires doubt on Fed rate cut this year 📉 Odds of September rate cut fell after NFP report and supporting economic data 📊 Fed may signal multiple rate cuts despite … Read more
Key Takeaways: 💵 Dollar falls to three-week low on weaker U.S. economic data 📉 U.S. manufacturing sector shrank in 18 of the last 19 months 🌍 Markets starting to question U.S. exceptionalism theme 🇺🇸 Likelihood of a rate cut in September increases to around 59.1% 🏦 European Central Bank almost certain to cut rates, markets … Read more
Key Takeaways: 💵 Dollar strength has been on the rise due to the strong US economy and diminishing hopes of a near-term Federal Reserve policy change 📈 The dollar benchmark rose nearly 0.8% to the highest level in over a month after positive nonfarm payroll data 📉 Odds of a Fed rate cut have been … Read more
Key Takeaways: 💣 Putin states Russia does not need to use nuclear weapons for victory in Ukraine 🛡️ Conditions for using nuclear weapons not seen by Putin ☢️ Russia’s nuclear doctrine requires threat to sovereignty for nuclear weapon use 🧯 Changes to nuclear doctrine not ruled out by Putin, tests may be conducted if necessary … Read more
Key Takeaways 💣 Putin does not see the current conditions for using nuclear weapons as per Russia’s doctrine 🌍 Putin expressed the possibility of a change to Russia’s nuclear doctrine 🍀 Pacifism opposes war, militarism, and violence, with roots dating back to ancient times. 🌍 Modern interest in pacifism was reignited by figures like Leo … Read more
Key Takeaways: 💼 Putin suggests moving major company headquarters outside Moscow to regions 🛡️ Moscow’s economic growth relies heavily on defense and security spending to mask underlying issues 💱 Russia seeks to increase use of BRICS countries’ currencies in settlements 📉 Russia plans to reduce imports and increase production competitiveness 📈 Value of Russian stock … Read more
Key Takeaways: 💱 Russia aims to cut imports and boost the use of non-Western currencies in trade settlement 📈 Trade with Asia is increasing significantly for Russia 🌍 Russia plans to increase the share of settlements in BRICS currencies 🔄 Share of Russian exports in ‘toxic’ currencies halved last year 📉 Value of Russian stock … Read more
Key Takeaways: 💵 Dollar remained flat ahead of key U.S. employment data 🇪🇺 Euro steadied after ECB rate cut announcement 📊 Markets anticipate Fed rate cuts later in the year 🌍 Global growth concerns persist with China’s mixed trade data 📉 U.S. dollar index little changed at 104.09, nearing weekly slide of 0.54% 🏦 Market … Read more
Key Takeaways: 💰 Most Asian currencies remained stable ahead of key U.S. payrolls data 📉 Dollar faced weekly losses due to growing expectations of interest rate cuts 🇨🇳 China’s exports grew more than expected, but imports remained weak 🤔 Sentiment towards China soured amid doubts over economic rebound 🇮🇳 Indian rupee remained close to record … Read more