Key Takeaways 💱 U.S. dollar rose in early trade off two-month lows 🇺🇸 Dollar has gained over 3% this year, driven by economic strength and inflation 📈 Market predicts Fed to start easing policy in September as inflation is above 2% 💵 Eurozone business activity picked up, but markets still expect ECB to cut rates … Read more
Key Takeaways: 💵 Dollar steadied ahead of U.S. economic data and Bank of Canada meeting 📊 U.S. services data and job figures awaited by investors 🇨🇦 Markets pricing about 75% chance of Canadian rate cut 📉 Low oil prices may lead to global disinflation 📈 Australian and New Zealand dollars edged up 💰 Mexico peso … Read more
Key Takeaways 💰 Egyptians are struggling with the quadrupling of the price of subsidised bread 🍞 Subsidised bread is a staple for much of Egypt’s population, impacting millions 📈 The government increased the price due to high inflation and rising wheat import costs 🔍 Critics question the cuts to bread subsidies while funds are allocated … Read more
Key Takeaways 💵 Most Asian currencies weakened as dollar recovered from two-month lows 🇮🇳 Indian rupee tested record lows after election results 📉 Weak U.S. data fuels bets of rate cuts by Federal Reserve 🌍 Broader Asian currencies experienced small moves 🇯🇵 Japanese yen strengthened on wage growth data 💱 Volatility seen in Indian rupee … Read more
Key Takeaways 💲 The U.S. dollar edged higher from multi-month lows against the euro, sterling, and Swiss franc 📊 The JOLTS report showed job openings fell more than expected in April to their lowest in over three years 📉 U.S. factory orders rose for a third straight month in April 🏦 The European Central Bank … Read more
Key Takeaways: 💵 The US dollar rebounded following losses against the euro, sterling, and Swiss franc 📉 Job openings in the US fell more than expected in April to the lowest level in more than three years 📅 Market focus was on the JOLTS data ahead of the US job report expected to show new … Read more
Key Takeaways 💵 Dollar bounced after falling to lowest against euro, sterling, and Swiss franc 📈 Yen powered 0.6% higher for a second day of gains 🌍 Euro down 0.4% at $1.0863 📊 Dollar index up 0.27% at 104.32 after falling to lowest since mid-April 💼 U.S. job openings data could determine future dollar trend … Read more
Key Takeaways: 💵 The U.S. Dollar edged higher and the Euro slipped lower following weak German employment data 📉 Signs of economic weakness may prompt the Federal Reserve to cut interest rates later this year 🔍 The JOLTs job openings data is important to watch for insights into Friday’s payroll figures 💹 The European Central … Read more
Key Takeaways: 💶 Euro rose above 1.09 against the US dollar as traders await potential market-moving events 📊 EUR/USD pair climbs despite low FX options market enthusiasm 🏦 European Central Bank meeting and US jobs data are upcoming key events for the market 🇸🇪 Swedish krona strengthened following positive manufacturing PMI data 👀 Investors focusing … Read more
Key Takeaways: 💰 Mexican stocks fell over 6% and the peso closed at its weakest against the dollar since November due to concerns of the ruling party getting a super-majority in Congress 🗳️ Morena party won big in elections, raising fears of constitutional reforms without opposition support 📉 Peso hit a seven-week low against the … Read more