Key Takeaways: 💹 Safe-haven Swiss franc and Japanese yen rose initially on tensions between Iran and Israel 📉 Dollar fell against the Swiss franc and yen 📰 Iran indicated not planning a retaliatory response after Israel’s limited-scale attack 🌍 Market outlook focused on Fed policies over geopolitics 💱 Japanese Finance Minister warned against excessive yen … Read more
Key Takeaways: 💱 BofA lowers EURUSD year-end forecast to 1.12 from 1.15 📉 Federal Reserve expected to cut interest rates in December instead of June 🌍 Geopolitical tensions, oil prices, and high U.S. interest rates impact emerging markets 💰 BofA predicts USD/JPY to climb to 155 by end of 2024 and 147 by end of … Read more
Key Takeaways: 💰 Dollar hands back early gains after Israeli strikes against Iranian sites 🌍 Potential escalation in Iran-Israel conflict leading to volatile market conditions 📉 Dollar likely to post a positive week due to strong U.S. economic data and inflation concerns 🇪🇺 EUR/USD rose slightly after German producer prices fell less than expected 🇬🇧 … Read more
Key Takeaways: 💸 UBS sees downside risks to EUR/USD below 1.05 due to US economic resilience and geopolitical concerns 🏦 US Fed rate cut may be delayed, leading to potential appreciation of US dollar 🌍 ECB may start rate-cutting cycle in June, creating US exceptionalism with more demand for US dollar as safe-haven asset ⚖️ … Read more
Key Takeaways: 💵 Asian currencies weakened while dollar and yen rose on safe haven demand 📈 Dollar index and yen near multi-month highs 💥 Israel retaliatory strikes against Iran causing geopolitical tensions 🇦🇺 Australian dollar weakened as an indicator of risk sentiment 🚀 Fed officials warn of higher interest rates for longer period due to … Read more
Key Takeaways: 💹 USD rose after mixed U.S. data, indicating strong economic ground 🗓️ Fed likely to delay first interest rate cut since 2020 📉 Finance chiefs’ warning on sharp decline in yen and won had brief impact on the dollar 📈 U.S. manufacturing activity expanded, strengthening the economy 🏠 U.S. existing home sales fell … Read more
US Dollar Strengthens Slightly Following Fed Comments and Positive Data
Key Takeaways: 💵 The U.S. dollar’s reserve currency status is likely to continue 🌍 Lack of credible challengers, such as the Chinese Yuan, help the dollar’s dominance 📉 Despite challenges from a multipolar world, the dollar is expected to maintain its status 📈 USD remains a preferred currency with long-term support, despite expected cyclical periods … Read more
Key Takeaways: 💵 Dollar retreats from recent highs amid intervention fears 🌍 Dollar’s safe-haven appeal due to geopolitical tensions in the Middle East 🇺🇸 U.S., Japan, and South Korea may coordinate intervention in foreign exchange markets 📉 Gains in the euro may be temporary with ECB expected to cut interest rates 🇬🇧 GBP/USD climbs despite … Read more
Key Takeaways: 💰 Dollar has been rising due to strong U.S. economic data and inflation 📈 Japanese yen has been weakening, prompting concerns from authorities 🌍 U.S., Japan, and South Korea agreed to consult closely on foreign exchange markets 💵 Markets are pricing in 44 basis points of cuts from the Fed this year 📊 … Read more