Key Takeaways: 💵 Dollar steadied after previous losses on weak jobs data 📉 Expectations for Federal Reserve interest rate cuts by September due to cooling labor market 📈 UK GDP expanded by 0.6% in Q1 2024, exiting recession 🏦 Bank of England held interest rates at a 16-year high, with 2 committee members voting for … Read more
Key Takeaways 💸 Zimbabwe will fine businesses using inflated exchange rates 📉 Official exchange rate is 13.5 ZiG per U.S. dollar 🚫 Fine of 200,000 ZiG ($14,815) for exceeding official rate ⚖️ Civil infringement for offering goods or services above official rate 🛒 Some businesses charging a premium in new currency 💰 Informal traders rejecting … Read more
Key Takeaways: 💰 Most Asian currencies remained stable as focus shifts to key U.S. inflation data next week 🇨🇳 Chinese yuan weakened amid reports of potential U.S. tariffs on Beijing 📈 USDJPY pair rose amidst ongoing intervention concerns 🛠️ China might face fresh sanctions impacting certain industries 📉 Dollar fell due to larger-than-expected increase in … Read more
Key Takeaways: 💵 Dollar weakened against most currencies on weak labor market data 📉 Weekly initial claims for state unemployment benefits increased, highest level since August 🛑 Signs of slowdown in U.S. economy may cool inflation 💬 Speculation on potential rate cut by Bank of England 📈 Sterling recovered from BoE-led low 🇯🇵 Dollar edged … Read more
Key Takeaways 💸 Dollar weakened against most currencies after softening U.S. labor market data 🇬🇧 Pound rebounded from lows after Bank of England signals potential interest rate cut 📉 Signs of deceleration in the U.S. economy could impact consumer spending and inflation 📊 Data next week will include consumer prices, producer prices, and retail sales … Read more
Key Takeaways: 💰 UBS sees potential for a medium-term decline in USD/JPY pair 📉 Japanese yen is weak against USD, despite intervention and warnings from Bank of Japan 🌍 Global carry-trades have historically pushed USD/JPY higher ⏱ Markets tend to move in advance of data, suggesting upward pressure on USD/JPY if U.S. data remains strong … Read more
Key Takeaways: 💷 The pound slipped as BoE maintained benchmark interest rates at 5.25% 🇺🇸 Dollar index rose as traders eyed U.S. inflation data and its impact on Federal Reserve policy 📉 Sterling fell to $1.2462, stepping back from a three-week high 🗳️ BoE officials voted 7-2 to keep rates at a 16-year high, with … Read more
Key Takeaways: 💵 The dollar is stable ahead of U.S. inflation data and Fed policy considerations 🇯🇵 Yen finds support from hawkish BOJ policymakers despite market bearishness 📊 Market focuses on U.S. PPI and CPI data for Fed rate path expectations 💷 Sterling steady ahead of Bank of England’s policy decision 🇨🇳 China’s exports and … Read more
Key Takeaways 💵 Dollar steady ahead of U.S. inflation data and Federal Reserve policy implications 📉 Yen finds support from hawkish BOJ members pushing for rate hikes 🇯🇵 Market bearish on yen despite brief pop higher 📉 Market biased for upside in dollar/yen pair due to divergence in interest rates 💰 Tokyo likely intervened in … Read more
Key Takeaways 💵 Asian currencies are trading flat to low as markets await U.S. interest rate cues. 🇯🇵 The Japanese yen is showing resilience after a warning from the Bank of Japan on inflationary pressures. 📉 Broader Asian currencies are muted as the dollar rebounds. 📊 The Chinese yuan trims gains after strong imports data. … Read more