Key Takeaways: 💵 U.S. dollar hit highest in almost five months on Tuesday 📈 Macquarie advises traders to stay long on greenback 💹 Stronger-than-expected manufacturing PMI releases prompted rise in U.S. yields 🏦 Data-dependent Fed would be more cautious about cutting policy rate 🗣️ This week’s speeches by Federal Reserve officials could be catalyst for … Read more
Key Takeaways: 💵 Stronger-than-expected economic data boosted the U.S. dollar to a 5-month high 🇯🇵 Fears of intervention by Japanese officials slowed dollar gains against the yen 📉 Euro fell to lowest since mid-February due to deepening factory downturn in Eurozone 🇬🇧 Sterling ticked up after data showed improvement in UK’s manufacturing sector 🏦 Concerns … Read more
Key Takeaways: 💵 The U.S. dollar stabilized near a four-month high as strong economic data reduced expectations for early Federal Reserve rate cuts 📈 Traders reined in expectations of a June Fed rate cut to 61.3%, down from 70.1% a week ago 📊 More U.S. economic data, such as job openings and durable orders, set … Read more
Key Takeaways: 💵 U.S. dollar hits 5-month high on stronger economic data and reduced rate cut bets 📉 Euro falls to mid-February lows, driven by deepening factory downturn in Euro zone 🇯🇵 Japanese yen remains flat amid fears of intervention by Japanese officials 💹 Fed Chair Powell states no rush to lower borrowing costs despite … Read more
Key Takeaways: 💵 South African rand remains unchanged in early trade 🏭 Absa PMI for March to be released at 0900 GMT 🚗 March vehicle sales data to be published around 1200 GMT 💡 PMI survey to provide insight into manufacturing conditions 🛒 Vehicle sales figures to indicate consumer demand ⚖️ South African rand is … Read more
Key Takeaways: 💲 U.S. dollar near 4-1/2-month peak against major peers 📈 Dollar jumped following first expansion in U.S. manufacturing since September 2022 💴 Fears of Japanese intervention slowed dollar’s gains against the yen 📉 U.S. rate futures market factors in 61.3% odds of Fed rate cut in June 💰 Gold found support after getting … Read more
Key Takeaways 💵 Dollar rose after U.S. manufacturing sector growth in March 🇺🇸 U.S. manufacturing expanded for the first time in 1.5 years 📈 U.S. inflation data aligns with Federal Reserve expectations 🌐 Dollar index against six rivals was 0.469% higher at 104.97 ⚠️ Japan may intervene in yen movement if necessary 🇨🇳 China’s yuan … Read more
Key Takeaways: 💵 Hedge funds are heavily betting on a stronger dollar against G10 and emerging currencies 📈 Net long dollar positions have surged to the highest levels since 2022 🌐 Dollar seen as attractive in the short term due to relative rates and economic resilience in the US 💴 Speculators are increasing their net … Read more
Key Takeaways 💵 Dollar remained steady on Monday with easing U.S. prices increasing chances of Fed rate cut in June 📉 Euro and sterling slightly lower against the dollar 📊 Dollar index slightly higher, close to six-week high 🔍 Focus in currency market on yen, reaching 34-year low against dollar 📉 Speculators hold significant net … Read more
Key Takeaways: 💱 Japanese Finance Minister noted "speculative" moves behind recent yen declines 📉 Authorities are ready to intervene in the market to address excessive falls in the currency 🔄 Monitoring speed, not levels, of yen’s moves and warn against disorderly currency moves 🏦 Expectations of wide interest rate gap between U.S. and Japan fuel … Read more