Key Takeaways 💵 Euro traded around more than one-month lows 🇺🇸 Dollar index at highest since May 2 📊 US central bank to cut interest rates once this year 🛒 US retail sales and flash PMIs may give insight into economic strength 🇬🇧 Sterling fell to lowest levels since May 1 🇯🇵 Yen remains near … Read more
Key Takeaways: 💵 The dollar remains strong while the euro is at more than one-month lows due to political uncertainty in Europe. 🇪🇺 Investors are concerned about a budget crisis in the euro area ahead of France’s snap parliamentary election. 📉 Euro fell to its lowest level since May 1 at $1.06678. 📈 Dollar index … Read more
Key Takeaways: 💵 Dollar firms as euro remains near one-month low amid European political turmoil 📉 Euro falls to its lowest level since May 1 🇺🇸 Fed expected to cut interest rates once this year 📊 U.S. economic data this week to provide insight on Fed’s outlook 💷 Sterling holds steady, no BoE rate cut … Read more
Key Takeaways: 💶 Euro sees biggest weekly fall against US dollar in two months 📉 French government instability affecting France’s fiscal situation 📈 French markets see biggest weekly jump in premium for government debt since 2011 🏦 Bank stocks in France tumble due to instability and fiscal concerns 🌍 Euro suffers when political instability widens … Read more
Key Takeaways 💰 BoJ decision to maintain interest rates at 0.10% 📉 Projection for yen devaluation to 160 USD/JPY 💸 Bond purchases to be phased out cautiously starting in July 🤔 Details on phased out bond purchases expected at next meeting 📈 Likelihood of a cautious policy tightening with a ten basis point rise in … Read more
Key Takeaways: 💵 Dollar fell to a three-week low on weak manufacturing and construction data 📉 Dollar slid against yen and euro 🏭 US manufacturing index fell to 48.7 in May 🏢 US construction spending decreased for a second consecutive month 🛠️ Markets are starting to question US exceptionalism theme 📊 Fed funds futures increased … Read more
Key Takeaways: 💴 BoJ decision to maintain interest rates at 0.10% 📈 Ten basis point rate rise in July likely 📉 Data showing higher U.S. unemployment benefits and falling producer prices suggest the Fed could initiate rate cuts in September 🇫🇷 French President Macron’s snap election call has impacted investor sentiment towards the euro 💵 … Read more
Key Takeaways 💵 U.S. dollar slipped marginally, while euro also fell 📈 Dollar on course for small gains after Fed leaves funds rate unchanged 📉 Euro set for sharp weekly loss due to political turmoil in Europe 👥 Far-right parties made gains in European Parliament elections 🏛️ French President Macron calls for snap elections in … Read more
Key Takeaways: 💸 The Canadian dollar weakened against the U.S. dollar due to greenback gains and Bank of Canada’s potential interest rate cuts 📈 The U.S. dollar saw strength following a delay in interest rate cuts by the Federal Reserve despite mixed inflation reports 🏦 Bank of Canada Deputy Governor Sharon Kozicki hinted at further … Read more
Key Takeaways: 💰 New US sanctions caused Russia’s leading exchange to halt dollar and euro trading 📊 Russian central bank set official rouble-dollar rate at 88.21 for Friday 🛑 Suspension of trading in US dollars and euros on MOEX due to sanctions 💵 US aims to cut money flow to sustain Russia’s war in Ukraine … Read more