Key Takeaways: 💰 Euro sentiment is bearish according to Bank of America Securities 📉 EUR/USD traded lower at $1.0730 🗳 European Parliament elections resulted in a shift to the right 🇫🇷 French president Macron called for a snap legislative election 💳 Moody’s issued a credit warning for France 📉 EUR/USD pair broke above 1.09 but … Read more
Key Takeaways: 💸 Euro dropped to a one-month low on political concerns 📉 Investors shifting focus to U.S. inflation data and Federal Reserve forecasts 🇺🇸 Dollar supported by higher Treasury yields from robust U.S. jobs data 📉 Euro hit a one-month low at $1.0725 and was down 0.3% at $1.0731 🇺🇸 Dollar index up 0.2% … Read more
Key Takeaways 💲 The U.S. dollar retreated from a one-month high as yields fell back before key inflation data and the Federal Reserve meeting 🔢 The Dollar Index traded 0.3% lower at 104.795 after reaching 105.39 on Monday 📈 May CPI expected to rise 0.1% monthly, an annual rise of 3.4%, above the Fed’s 2% … Read more
Key Takeaways: 💰 Mexican peso faces pressure as USD/MXN nears recent peak of 18.60 🔔 President-elect Claudia Sheinbaum prioritizes judiciary reform for new congress in September 📉 Peso weakens by 8% amid concerns over Morena party’s potential constitutional reforms 🌎 North American investors expected to view upcoming agenda unfavorably 🐂 ING analysts cautious yet optimistic … Read more
Key Takeaways: 💵 Dollar is near a one-month high against the euro and one-week high against the yen 📉 Expectation of Fed rate cuts reduced due to strong domestic jobs data 🏦 Bank of Japan expected to have a policy meeting with possible reduction in monthly government bond purchases 🌍 Euro flat, slipped to lowest … Read more
Key Takeaways 💵 China’s major state-owned banks selling dollars for yuan to prevent rapid local currency fall 👥 State banks usually act on behalf of the central bank in the foreign exchange market 📉 Onshore yuan falls to near seven-month low against strengthening dollar 🕰 Yuan last traded at 7.2529 per dollar as of 0310 … Read more
Key Takeaways: 💶 EUR/USD expected to drop to $1.05 🇪🇺 European parliamentary elections and French snap election cause political uncertainty 🔥 French President Macron’s snap election seen as a major gamble 🌍 Euroscepticism and political uncertainty could weigh on the euro 🦅 Dollar strength and Fed’s hawkish outlook could suppress the euro The Euro Faces … Read more
Key Takeaways 💶 The euro fell sharply against the dollar and other currencies after right-wing gains in European Parliament elections prompted Macron to call a snap national election. 🇺🇸 The U.S. dollar was boosted by stronger-than-expected job data, leading to lowered expectations of a rate cut by the Federal Reserve. 💸 The upcoming U.S. inflation … Read more
Key Takeaways 💶 The euro fell to a one-month low following Macron’s decision to call a snap parliamentary election 📉 French blue-chip stocks dropped 1.6% led by losses in lenders like BNP Paribas and Societe Generale 📈 French government bond prices also fell, pushing 10-year borrowing costs to their highest this year 🤔 The unexpected … Read more
Key Takeaways 💶 Euro fell sharply after far right gains in European Parliament elections 🇺🇸 U.S. inflation data and Federal Reserve meeting expected to impact markets 📊 Markets now pricing in 36 basis points of Fed rate cuts this year 📈 Dollar supported by paring back expectations for rate cuts 🗓️ Bank of Japan expected … Read more