Key Takeaways: 💵 The U.S. dollar edged higher on optimism about a potential interest rate cut by the Federal Reserve in September 📉 GBP/USD traded lower after British wage growth slowed in May 🏦 EUR/USD fell ahead of a European Central Bank meeting where rates are expected to remain steady 🇯🇵 USD/JPY rose after speculation … Read more
Key Takeaways: 💶 Yen reaches six-week high amid speculation of official intervention 🏦 ECB meeting to decide euro’s next move, likely to hold rates steady 🇦🇺 Australian dollar boosted by mixed jobs data, sterling slips 💸 Markets spooked by potential intervention in yen, traders reassessing positions 📉 Interest rate markets pricing U.S. rate cuts and … Read more
Key Takeaways: 📈 Yen reached a six-week high on speculation of official push 💵 Dollar faced broad losses amid expectations of US rate cuts 🏦 ECB meeting likely to announce hold on rates with possibility of further cuts 📊 Interest rate markets predict significant US rate cuts and slight hikes in Japan 🇨🇳 Chinese yuan … Read more
Key Takeaways: 💵 US economic data indicates a slowdown, potentially leading to Fed interest rate cuts later in the year 📉 Dollar dropped to a three-week low against major currencies 🏭 US manufacturing sector is showing signs of contraction based on Index and Construction data 📉 Markets are questioning the theme of US exceptionalism in … Read more
Key Takeaways 💱 The pound reached a one-year high driven by investors seeking higher returns amidst falling global interest rates 📈 UK inflation proving to be more stubborn than expected led traders to cut August rate cut bets, boosting the pound above $1.30 🇬🇧 The pound has benefited from a stable government and renewed focus … Read more
Key Takeaways: 💹 Japanese yen strengthened against the dollar 📉 USDJPY pair dropped to over one-month low 📊 Suspected government intervention in currency markets 💸 Bank of Japan may have spend 2.14 trillion yen in intervention 🏦 Yen relief from U.S. Federal Reserve rate cut speculation 📉 Dollar fell on concerns over September rate cut … Read more
Key Takeaways: 💹 Yen surged due to potential intervention from Japanese officials to support the currency 📉 Dollar weakened against the Japanese yen and hit a level not seen since June 12 💵 Dollar index was down on the day as Federal Reserve officials hinted at a possible rate cut 📈 Euro was up ahead … Read more
Key Takeaways: 💴 Yen rose sharply due to potential intervention by Japanese officials 📉 Dollar weakened against the Japanese yen to levels not seen since June 💬 Comments from Donald Trump on dollar strength may have impacted the currency market 💵 Dollar index was weaker on the day, influenced by Federal Reserve interest rate cut … Read more
Key Takeaways: 💵 UBS raises EUR/USD forecast to 1.08 from 1.05 📉 UBS anticipates a modest decline in the euro’s value in 2024 📈 Market speculation of potential Federal Reserve rate cuts leading to currency valuations influence 🏦 UBS aligns forecast with outlook of two rate cuts by Federal Reserve in 2024 📊 ECB maintains … Read more
Key Takeaways: 🌍 Yen rose sharply on suspected intervention to support its value 📈 Dollar fell against the yen, prompting speculation of another intervention 👀 Markets closely watching potential yen-buying moves from Japanese authorities 🇬🇧 Sterling hit a one-year high against the dollar on UK inflation data 💷 Strong inflation figures in the UK cast … Read more