Key Takeaways 💸 Bitcoin reached a new record high above $70,400 📈 The surge in the cryptocurrency shows no signs of slowing down 💰 Boosted by cash influx into new spot bitcoin exchange-traded funds 🏦 Hopes for Federal Reserve interest rate cuts drive the cryptocurrency’s rise Bitcoin Hits New Record High Above $70,400 Bitcoin has … Read more
Key Takeaways: 💹 Most Asian currencies traded in a limited range on Monday 💵 Dollar stayed near a two-month low anticipating U.S. inflation data 📉 Dollar weakened due to expectations of Fed interest rate cuts 🇯🇵 Japanese yen strengthened against the dollar to a one-month high 📈 Bank of Japan potentially ending negative interest rates … Read more
Key Takeaways: 💰 S&P Global predicts Ukraine will default on its external commercial obligations 📉 Ukraine’s long-term foreign currency credit rating has been downgraded to "CC" 🤝 Expectation for Ukraine to initiate debt restructuring with private creditors soon ⚔️ Russian invasion of Ukraine has caused the deadliest war in Europe in over 70 years 📊 … Read more
Key Takeaways 💵 Dollar Index traded slightly higher at 102.787, set for a weekly loss of around 1% ❤️ Markets react to Federal Reserve Chair Jerome Powell’s comments on lower interest rates 💼 Forecasts expect nonfarm payrolls to increase by just under 200,000 in February 📈 EUR/USD slipped 0.1% to 1.0938 after hitting a two-month … Read more
Key Takeaways: 💱 Egyptian pound steadied after devaluation and IMF deal 📊 More inflows expected by Egyptian officials 📈 Foreign investors resumed purchases of Egyptian treasury bills 💰 Egypt expected $20 billion from multilateral and other partners 📉 Egyptian international bonds declined after initial surge 💵 Egypt promised move to flexible exchange rate system 💼 … Read more
Key Takeaways: 💰 Canadian Dollar gained against the U.S. dollar due to broad-risk on sentiment 📉 Greenback continued to retreat following indication of future rate cuts by the Fed Chair 🗣 Analysts expect Bank of Canada to cut rates later than the Fed, indicating potential upside for the loonie 📅 Markets now expect rate cuts … Read more
Key Takeaways: 💵 The dollar fell after Powell’s comments on inflation and potential interest rate cuts 🌍 Euro rose against the dollar due to broad dollar weakness 📉 Growing speculation that the Bank of Japan might raise rates 💷 Pound rose against the dollar after UK finance minister’s budget announcement 💰 Bitcoin rose but remained … Read more
Key Takeaways: 💱 Egyptian pound held steady after devaluation and IMF deal 📉 Foreign investors resumed purchases of Egyptian treasury bills 📈 Egypt expected $20 billion from multilateral partners including IMF and World Bank 💼 Government committed to selling state assets and encouraging private sector investment 💵 Egypt’s international bonds declined after initial surge on … Read more
Key Takeaways: 💵 Dollar fell as Powell mentioned confidence in inflation heading to 2% goal for rate cuts 🌍 Euro hit six-week high against the dollar due to the dollar’s weakness 📈 Investors’ appetite for riskier assets, like stocks, impacted the dollar negatively 🏛 ECB kept borrowing costs high but mentioned falling inflation and economic … Read more
Key Takeaways 💵 Dollar weakened against the euro after the ECB decision to keep rates steady 🏦 ECB acknowledged cooling inflation but still refrained from lowering rates 📉 ECB hinted at dialing back stimulus due to falling inflation and lower economic projections 🇪🇺 Euro gained against the dollar, reaching a six-week high 💱 Federal Reserve … Read more