Key Takeaways: 💵 Dollar struggles for direction ahead of key data from U.S. Federal Reserve 📈 Yen rises after confirming inflation above Bank of Japan’s target 📊 Japan’s core consumer inflation exceeded forecasts, raising expectations of BOJ ending negative interest rates by April 🪙 Bitcoin hits two-year high in Asian trade on large players buying … Read more
Key Takeaways: 💵 The U.S. dollar is decreasing in value, while the euro is gaining ahead of important inflation data 📉 Dollar Index is trading lower against a basket of currencies 🏦 Federal Reserve is expected to maintain interest rates for longer as inflation is above target 📈 Core PCE price index data is anticipated … Read more
Key Takeaways: 💼 Standard Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel 📉 A surge in demand for overseas investments due to weakness in the local market and currency has prompted this move 💰 The QDII programme is the largest outbound investment channel for Chinese investors, … Read more
Key Takeaways 💹 Most Asian currencies rose slightly as the dollar declined before a key inflation reading 📉 The Japanese yen performed well after higher than expected consumer price index inflation 💰 Expectations are growing for the Bank of Japan to raise interest rates sooner due to sticky inflation 📊 Broader Asian currencies were slightly … Read more
Key Takeaways: 💼 Standard Chartered has suspended new subscriptions by its clients in China into offshore products via a quota-based channel since last week 💰 The suspension is due to "commercial reasons" as explained by the London-headquartered bank 🔒 The move comes amid Beijing’s efforts to stem capital outflows as weaker yuan and a slowing … Read more
Key Takeaways 💸 Dollar is experiencing its largest two-day decline since 2009 📉 Rate outlook is shifting, impacting the value of the dollar 🌍 Global economic factors are influencing the forex market 📈 Other currencies may be gaining strength relative to the dollar during this period 💵 The dollar was mostly lower on Monday 📈 … Read more
Key Takeaways 💼 Reserve Bank of India (RBI) has allowed banks to resume arbitrage trading upon their requests. 📈 Arbitrage trading enables investors to profit from price differences in securities across markets. 🔒 RBI had informally prohibited dollar/rupee arbitrage trading in August 2023 to prevent the rupee from hitting record lows. 💰 Banks’ arbitrage positions … Read more
Key Takeaways: 💰 Gold is mainly traded in USD, making it less expensive for other nations when the dollar weakens 📈 Weekly US Dollar Index measures USD value compared to trading partners 💪 Strengthening USD due to expectations of Federal Reserve interest rate increase 🌍 Weakening major currencies like Japanese yen and euro contribute to … Read more
Key Takeaways: 💵 Dollar is lower ahead of a week of important data releases on inflation and rate outlook 📅 Core PCE price index data is due on Thursday, with a forecasted 0.4% rise on a monthly basis 🇪🇺 Euro is stronger against the dollar with a focus on inflation in the euro zone 📈 … Read more
Key Takeaways: 💵 Chinese banks bought the most dollars via FX swaps from clients in January 📈 The foreign exchange purchases hit $50.9 billion, a record high 💱 Exporters are using FX swaps to convert overseas earnings into yuan 🔄 The swap involves exporters giving dollars and receiving yuan 💰 Heightened interest in FX swaps … Read more