Key Takeaways: 💵 Most Asian currencies traded in a tight range 📈 Dollar stabilized near five-month highs due to strong U.S. economic data and Fed warnings 📉 Continuing losses in regional currencies following signs of sticky inflation in the U.S. 🔄 Traders leaning towards the dollar after Powell’s comments on rate cuts 🌍 Worsening geopolitical … Read more
Key Takeaways: 💵 Chinese businesses hoard dollars due to expected weakening of own currency 📉 Dollar’s rising yield contributes to cycle of weakened yuan 💸 Inflows from exporters to China drying up as they choose higher yield dollar deposits 💰 Trough of yuan at 7.3 may motivate exporters to convert dollars to yuan 🔒 Chinese … Read more
Key Takeaways 💵 Dollar hit a five-month high against the euro and the yen 📈 Stronger-than-expected growth data supported the dollar 🌍 Escalating geopolitical tensions added a safe-haven boost to the U.S. currency 💸 Intervention rumors for the yen prompted market nerves 📉 Significant stock price drops: Superdry by 5.9%, PageGroup by 9.1% 📈 Goldman … Read more
Key Takeaways: 💵 The dollar saw a five-month high against the euro and the yen reached its weakest level since 1990 📈 Stronger-than-expected growth data, including retail sales, contributed to the dollar’s buoyancy 🔥 Escalating geopolitical tensions between Israel and Iran are boosting the dollar as a safe-haven 🗣 Fed Chair Jerome Powell’s speech may … Read more
Key Takeaways 💵 The dollar reached five-month highs against the pound and euro following strong U.S. retail sales data 📊 Markets are now pricing in a 41% chance of the Fed cutting rates in July 👀 Investors are awaiting comments from Federal Reserve Chair Jerome Powell after higher than expected U.S. inflation data 🇪🇺 The … Read more
Key Takeaways: 💷 Sterling remained at a five-month low against the dollar and steady against the euro 📈 UK unemployment rate rose to 4.2% from 3.9% 💼 Regular wages growth slowed to 6.0% compared to 6.1% in the previous period 📉 Market expectations of Bank of England rate cuts with the first likely cut in … Read more
Key Takeaways: 💵 The dollar strengthened after strong U.S. retail sales, hitting a five-month high against the pound and euro 📈 U.S. economy shows solid growth, reducing the likelihood of the Fed cutting interest rates 🇺🇸 Markets predict a 41% chance of the Fed cutting rates in July, down from 50% 🗣 Federal Reserve Chair … Read more
Key Takeaways: 💷 Pound at 5 month low against the dollar 📉 Wages excluding bonuses grew by 6.0% 📉 Pound slightly weaker against the euro 💰 Trading financial instruments and cryptocurrencies involves high risks 📉 Prices of cryptocurrencies are extremely volatile and may be affected by external factors 📊 Trading on margin increases financial risks … Read more
Key Takeaways: 💱 Most Asian currencies weakened, while the dollar rose to over five-month highs 🇨🇳 Chinese GDP data showed growth, but other economic indicators pointed to slowing momentum 💰 People’s Bank of China set a weak midpoint for the yuan, signaling more weakness ahead 📈 Dollar index and futures hit highest levels since early-November … Read more
Key Takeaways: 💹 U.S. dollar index up 4.6% this year 📊 Fed may need to maintain current interest rates due to inflation concerns 🤔 Investors expect U.S. to maintain higher rates compared to other central banks 📈 Yield differentials between U.S. and other economies have widened 💰 Net bets on the dollar in futures markets … Read more