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
Key Takeaways: 💸 India’s Rupee is considered a defensive option in emerging market foreign exchange 📈 Goldman Sachs believes the Rupee will outperform other emerging market currencies 🔍 Indian Rupee’s resilience is attributed to strong economic fundamentals and relatively low external vulnerabilities 🇮🇳 The Indian Rupee is considered a stable currency in terms of exchange … Read more
Key Takeaways: 💵 Dollar fell slightly as U.S. Treasury yields stabilized 📉 Long-term Treasury yields decreased after a rise 🇪🇺 Euro up 0.2% at $1.082 after touching a two-week low 🇯🇵 Dollar down 0.6% against the Japanese yen 🇨🇭 Swiss franc rose approximately 0.7% due to potential SNB intervention 📈 Expectations for Fed interest rate … Read more
Key Takeaways 💵 Dollar traded around a two-week high as U.S. bond yields surged 📈 Two-day jump in long-term Treasury yields pushed the dollar higher 📉 Euro dropped as U.S. yields rose, hitting a two-week low 🇯🇵 Yen was the biggest mover in Europe, with the dollar down against Japanese currency 🇬🇧 Sterling fell but … Read more
Key Takeaways 💵 U.S. dollar index (DXY) rebounds above 105 mark 📉 Recent soft results in U.S. Treasury securities auctions lead to rise in longer-dated U.S. yields 📊 Equities decline as U.S. dollar aligns with firmer short-term interest rates 🏦 Possibility of U.S. Treasuries gaining additional support 📉 Federal Reserve’s Beige Book leans dovish with … Read more
Key Takeaways: 💵 Dollar reached a two-week peak against major peers due to surge in US yields and safe haven demand 📉 Treasury market rout caused by strong US economic data and poor auctions spooked investors 🇺🇸 US remains a safe haven asset due to high liquidity, stable democratic institutions, deep banking systems, and government … Read more
Key Takeaways: 💵 Most Asian currencies weakened on Thursday 📈 Dollar reached over two-week highs 📉 Regional currencies affected by hawkish signals from Federal Reserve 🇺🇸 Dollar index and futures rose, indicating confidence in Federal Reserve’s rate stance 📊 First quarter GDP expected to show U.S. economy’s strength ⚖️ PCE price index data expected to … Read more
Key Takeaways: 💵 Dollar rose on higher U.S. bond yields ahead of key inflation data 📈 Dollar strengthened against Japanese yen 📊 Consumer price inflation data slightly softer this month 🇯🇵 Yen under downward pressure due to carry trade and low FX volatility 🇪🇺 Euro dropped to near two-year low, recovered slightly on German inflation … Read more
Key Takeaways: 💰 Insmed’s price target raised to $67 by TD Cowen analysts 📈 Analysts maintain Buy rating for Insmed 📊 Best case scenario ASPEN data drives high probability of approvals in US, EU, and JP 👩⚕️ Clinically meaningful effect size with strong statistical significance 💊 Model predicts $3.4B in peak sales with $30K gross … Read more