Key Takeaways: 💱 The dollar traded sideways ahead of the US employment data that will impact the Federal Reserve’s decision on easing 📈 Euro rose slightly against the dollar post ECB rate cut but is off against the Japanese yen 📉 Dollar index slightly lower despite rise in weekly jobless claims 💹 Market narrative suggests … Read more
Key Takeaways 💶 Euro stabilized after European Central Bank lowered rates, staying close to recent highs 📊 Dollar index slightly increased, unaffected by higher than expected unemployment benefit applications 📉 Inflation in euro-sharing countries has decreased recently but is showing signs of potential stickiness 🌎 Markets now focused on U.S. payrolls data for potential impact … Read more
Key Takeaways: 💶 Euro holding firm ahead of ECB policy meeting, with a cut expected 🇨🇦 Canadian dollar firming after Bank of Canada rate cut 🇺🇸 US data showing employment growth moderation, leading to Fed rate cut expectations 🌍 Markets expecting 63 basis points of ECB rate cuts, with potential for more cuts by year … Read more
Key Takeaways: 💵 BoC cut interest rates by 25 basis points 📉 Minimal and brief impact on Canadian dollar 🍁 ING predicts additional 75 basis point reduction by BoC in 2H24 🌎 Market consensus cautious about interest rate differential with Fed 📈 USD/CAD exchange rate could drop below 1.35 in 2H24 🇨🇦 Bank of Canada … Read more
Key Takeaways 💶 The euro strengthened ahead of ECB decision on rate cut 🇺🇸 Dollar weakened as markets anticipate U.S. Federal Reserve easing cycle 🍁 Canadian dollar rose after Bank of Canada cut key policy interest rate 📉 The U.S. dollar was pressured by labor market conditions supporting Fed rate cuts 🇯🇵 Yen gained as … Read more
Key Takeaways 💲 Most Asian currencies are strengthening as dollar weakens due to rate cut expectations 📉 Dollar index and dollar index futures dropped about 0.2% in Asian trade 🇯🇵 Japanese yen’s USDJPY pair fell 0.3%, while Bank of Japan expected to potentially tighten policy 🇦🇺 Australian dollar’s AUDUSD pair rose nearly 0.3% despite sharp … Read more
Key Takeaways: 💵 The US dollar rose after the services sector rebounded in May 📊 The Institute for Supply Management reported a sharp increase in the nonmanufacturing purchasing managers index 🇺🇸 The US economy is showing signs of slowing down, but the dollar is holding strong 💶 The euro fell slightly after the ISM data, … Read more
Key Takeaways: 💲 US dollar gained after strong services sector data 📉 Euro turned lower with ISM data 🤝 Awaiting ECB policy meeting and nonfarm payrolls report 📈 Dollar surged against the yen 🇲🇽 Mexican peso gained against the dollar 🇮🇳 Indian rupee recovered from a seven-week low 📈 Stocks gain on rate cut bets … Read more
Key Takeaways: 💵 Dollar rose ahead of key U.S. economic data and Bank of Canada policy meeting 📈 Markets pricing in 80% chance of Canadian rate cut on Wednesday 🌍 Markets closely watching Brent crude futures near four-month lows 🔒 Bank of Japan cautious about currency weakness impact on economy 📉 Emerging markets stabilizing after … Read more
Key Takeaways: 💹 Canadian dollar may not strengthen as much as previously expected due to potential interest rate cuts by Bank of Canada 📉 Loonie predicted to stay around 1.37 per U.S. dollar in the coming months 📈 Expected to advance 2.5% to 1.33 in a year 💰 Money markets anticipate 65 basis points of … Read more