Key Takeaways 💴 The yen weakened against the dollar to its lowest level since June 1990 📈 Markets are monitoring for potential intervention from Japanese authorities to support the yen 🌍 Stronger dollar supported by economic data shifting Fed rate cut expectations and tensions in the Middle East 👀 Anticipation of currency intervention has increased … Read more
Key Takeaways 💵 Dollar was steady holding big weekly gain 🔥 Prospect of high U.S. interest rates and Middle East conflict supports dollar 📉 Initial currency moves on Monday based on Fed rate cut expectations 🇮🇷 Iran attack on Israel caused only modest damage 💹 Dollar index near 5-1/2 month high 👀 Yen marks 34-year … Read more
Key Takeaways: 💹 Dollar remains elevated and edged lower in early European trade 🌍 Heightened Middle East tensions dent risk appetite 📉 Western allies urge restraint amid Israeli-Iranian conflict 📊 US dollar saw profit-taking while remaining in demand 💸 Dollar seen as the best safe-haven currency currently 📈 Fed cut hopes diminish with just 50 … Read more
Key Takeaways: 💵 The dollar was steady due to expectations of high U.S. interest rates 📉 The yen hit a 34-year low against the dollar 🇮🇷 Iran launched a drone and missile attack on Israel 🤝 The dollar is seen as a safe-haven currency 💸 Investors reduced bets on Fed rate cuts 📈 Two-year Treasury … Read more
Market and Geopolitical Developments 💵 Dollar steadied on Monday after biggest weekly gain since 2022 📈 European policymakers signalled rate cut within a few months 👉 Yen marked a 34-year low against the dollar ⚔️ Escalating conflict in the Middle East affected financial markets 🇮🇷 Iran warned of strike on Israel leading to symbolic attack … Read more
Key Takeaways: 💵 Asian currencies weakened with the Japanese yen hitting 34-year lows 📈 Dollar at more than five-month highs due to safe haven demand and prospect of higher US interest rates 🇨🇳 Weak economic prints from China with worsened disinflation in March ⚠️ Guardedness among traders for potential Japanese government intervention in currency markets … Read more
Key Takeaways 💰 Bitcoin dropped 7.9% to $61,842 at 21:00 GMT on Saturday 📉 Bitcoin is down 16.2% from the year’s high of $73,794 on March 14 🪙 Ether fell 9.18% to $2,930 on Saturday 💸 Bitcoin fell by 7.9% to $61,842 at 21:00 GMT on Saturday 🔗 Ether fell by 9.18% to $2,930 on … Read more
Key Takeaways: 💸 Bitcoin price dropped by 7.1% to $62,346 📉 This represents a loss of $5,050 from the previous close 📉 Bitcoin is currently down by 15.8% from its 2021 high of $73,794 💥 Iran’s Revolutionary Guards operation ‘True Promise’ is seen as a punishment for Israeli crimes 🚨 President Joe Biden is being … Read more
Key Takeaways 💵 The US dollar rose moderately in choppy trading due to concerns about persistent inflation and the belief that the Federal Reserve will delay cutting interest rates. 📉 The dollar barely responded to the release of weaker-than-expected March U.S. producer prices and rebounded after an initial fall. 🇯🇵 The yen hit a 34-year … Read more
Key Takeaways: 💵 The US dollar rose due to concerns about persistent inflation and expectations of a slower rate cut by the Federal Reserve. 📉 Weaker-than-expected March U.S. producer prices did not relieve inflation fears. 🌍 In other currencies, the euro fell to a two-month low after the European Central Bank hinted at a rate … Read more