Currency Update: Dollar Dips and Yen Holds Strong Ahead of BOJ Policy Shift

Key Takeaways: 💵 The dollar edged lower as traders awaited central bank meetings, particularly the BOJ ending negative rates and the Fed’s rate cut projections 🌍 Central banks in various countries, including Japan, US, UK, Australia, Norway, Switzerland, Mexico, Taiwan, Brazil, and Indonesia are set to meet 📉 The dollar index was down 0.12% at … Read more

Forex Traders on Alert as BOJ Policy Shift Nears: Dollar Steady, Yen Wavers

Key Takeaways 💵 The dollar was steady as central bank meetings worldwide are anticipated, including the BOJ potentially ending negative rates and the focus on the Fed’s rate cuts projection 🇯🇵 BOJ expected to herald a new era by ending negative interest rate policy 💱 Yen fluctuated, reaching a one-month high against the dollar 🇦🇺 … Read more

RBC downgrades Smartsheet shares following mixed results, while dollar and euro make gains in Forex trading

Key Takeaways: 💵 The U.S. dollar is on track for a positive week after hot inflation data 📈 Markets are closely watching the Federal Reserve for clues on future monetary policies 🤑 Japanese yen weaker due to uncertainty around Bank of Japan’s policy movement 🔗 Bitcoin and Ether prices rising in the cryptocurrency market 💼 … Read more