Key Takeaways: 💲 JPMorgan shares a bullish outlook for the U.S. dollar based on high yields and growth cushion 📈 Dollar’s strength driven by carry advantage and persistent US exceptionalism, but latter is fading 📉 Tactical concerns arise from softening US exceptionalism and inflation divergences 💼 JPMorgan recommends reducing USD length tactically but maintaining exposure … Read more
Key Takeaways: 💱 SNB’s early rate cut led to a weakening Swiss franc against major currencies 📉 Short positions in Swiss franc point to potential downside risks for USDCHF 📉 Federal Reserve expected to start rate cuts in September, affecting Swiss franc 🇺🇸 Outcome of U.S. election unlikely to significantly impact U.S. dollar 🌍 Geopolitical … Read more
Key Takeaways: 💴 Yen weakened against the dollar due to rising U.S. yields 📉 Euro softened after German inflation data 📈 U.S. Treasury yields increased, reaching their highest level in four weeks at 4.57% 💹 Dollar was up 0.09% on the offshore yuan at 7.270 🛍️ Australian dollar remained flat despite positive inflation data from … Read more
Key Takeaways: 💲 The U.S. dollar edged higher in anticipation of inflation data and potential interest rate delay 📉 EUR/USD traded lower ahead of German inflation data release 📈 Euro is on course for 1.7% gain against the dollar in first month of gains in 2024 💹 Expectations for steady core PCE index in the … Read more
Key Takeaways 💲 Dollar bolstered by expectations of delayed rate cuts by Federal Reserve 📉 Yen hits weakest level in four weeks 📰 Expectations for upcoming inflation data impacting market sentiment 🛡️ Concerns over U.S. government debt demand after lackluster auction 🌍 Market focus on upcoming inflation reports and core PCE data in the U.S. … Read more
Key Takeaways: 💵 Asian currencies weakened with the Chinese yuan at its weakest in 6 months 🖖 Dollar index and futures rose due to fears of high U.S. interest rates 🏡 Supportive measures for the Chinese property market inspired some optimism 🇯🇵 Japanese yen weakened while Bank of Japan officials gave mixed comments 🦘 Australian … Read more
Key Takeaways: 💵 Dollar rebounded as benchmark U.S. Treasury yields hit four-week high 📈 U.S. consumer confidence unexpectedly improved in May 📉 Concerns about inflation persist, with households expecting higher interest rates 🏦 Fed officials stress need for more progress before considering rate cuts 🛡️ Fed not rushing to cut rates, waiting on significant progress … Read more
Key Takeaways: 💵 Dollar is weakening against most currencies ahead of key US and euro zone inflation data 📉 Dollar is on track for its first monthly decline in 2024 🏦 Markets are pricing in US rate cuts in September, November, and December 🇪🇺 Euro is up despite dovish comments from ECB policymakers 🇯🇵 Dollar/yen … Read more
Key Takeaways: 💵 Dollar is on track for its first monthly drop in 2024 📉 Dollar weakness attributed to potential US rate cuts and strong euro zone data 💰 Yen hovering around 157 per dollar, potential impact of Fed rate cuts on yen strength 🇩🇪 German and euro zone inflation data will impact future ECB … Read more
Key Takeaways: 💵 Recent negative surprises in U.S. economic data and positive sentiment towards China are affecting the U.S. dollar 📉 USD has overshot its fundamental drivers, caution advised for engaging in sell-off 🧐 Expectations for Federal Reserve rate cuts and China’s economic recovery are distant prospects 📆 BofA maintains a bearish stance on the … Read more