Key Takeaways: 💵 Dollar held steady as investors consider U.S. inflation slowing for potential Fed rate cut in 2024 🇮🇳 Indian rupee strengthened after favorable exit poll results for Prime Minister Modi 🇲🇽 Mexican peso weakened after ruling party victory in presidential election 🗓 Mega week ahead for financial markets with ECB rate decision and … Read more
Key Takeaways: 💵 Dollar stable as traders expect a later Fed rate cut 🇮🇳 Indian rupee strong following general election results 🇲🇽 Mexican peso rises after ruling party victory 📈 Markets expect around 37 basis points of Fed rate cuts this year 💼 Market uncertainty around Fed rate cuts and inflation targets 📈 Investors are … Read more
Key Takeaways: 💹 Most Asian currencies steady against the dollar due to in-line inflation data 📈 Indian rupee strengthens after exit polls favor BJP party for third consecutive win 🔮 Anticipation of interest rate cuts by ECB and Bank of Canada drives preference for risk-driven assets 🇺🇸 Caution over U.S. interest rates persists ahead of … Read more
Key Takeaways: 💰 Russia has eased forex sales requirements for exporters if contracts are paid in roubles 📜 President Putin signed a decree in October mandating reintroduction of capital controls 📉 Controls affected companies in various industries like fuel, energy, metal, chemical, timber, and grain 💸 Exporters were required to deposit 80% of foreign currency … Read more
Key Takeaways: 💰 UBS cautious about NZD due to challenging economic outlook 🐄 Dairy prices recovery may improve industry forecasts 🏦 RBNZ considers rate hike, adjusts OCR forward track 📊 UBS expects higher government bond issuance and interest rate cuts 📉 Technical indicators show waning momentum for NZD 📉 Reduced economic growth projections for 2024 … Read more
Key Takeaways 💵 The U.S. dollar rebounded slightly in early European trade 📉 Euro slipped after German retail sales fell more than expected in April 📈 Markets are pricing in a 55% chance of rate cuts in September 🇺🇸 U.S. economy grew at a 1.3% annualized rate in Q1 📊 Dallas Fed President cautions against … Read more
Key Takeaways 💵 Asian currencies weakened following disappointing Chinese PMI readings 📉 Dollar steadied in anticipation of key inflation data 📈 Dollar index and futures rose in Asian trade 📊 Chinese yuan rose as PMI data showed deterioration in business activity 💰 Bets on increased stimulus spending from Beijing to support growth 🇨🇳 Downbeat Chinese … Read more
Key Takeaways 📉 Dollar fell on Thursday after slower GDP growth report 📉 Downward revision in consumer spending contributed to the slower GDP rate 📈 Recent softness in retail sales and equipment spending eased bets on Fed interest rate cuts 🧮 Personal Consumption Expenditures price index on Friday could impact Fed rate cuts decision 📅 … Read more
Key Takeaways: 💵 JPMorgan noted a depreciation of the dollar in May after significant long positions at the end of April 📉 Currency-only hedge funds had a more modest long dollar stance in April compared to January 🌐 A broader range of macro managers maintained a heavier long-dollar base at the end of the month … Read more
Key Takeaways: 💵 Dollar fell after revised data showed slower GDP growth in the US 📉 Downgrade in first-quarter growth contributed to easing bets on Fed interest rate cuts 📈 Long-term Treasury yields above 4.6% boosted U.S. debt attractiveness and pushed the dollar higher 💴 Dollar was down against the Japanese yen, near a critical … Read more