“SWIFT’s Game-Changing Central Bank Digital Currency Platform Set to Shake Up the Industry”

Key Takeaways: 💡 SWIFT is planning a new platform to connect central bank digital currencies to the existing finance system in the next 12-24 months 🌍 Around 90% of the world’s central banks are exploring digital currencies to avoid falling behind cryptocurrencies like bitcoin 🤝 SWIFT conducted a successful trial with a global collaboration involving … Read more

Yen Strengthens and Dollar Weakens on Intervention Warning

Key Takeaways: 💴 Yen strengthens after Japan’s currency diplomat warning against speculators 💵 Dollar weakens against a basket of currencies after reaching one-month high 🤝 China’s yuan gains on suspected selling of dollars by state-owned banks 📉 Fed Chair Jerome Powell maintains stance on rate cuts despite inflation concerns 🌎 Market and the Magnificent 7 … Read more

Currency Showdown: Japan and China Strengthen Currencies while Dollar Dips

Key Takeaways: 💵 Dollar slipped on Monday due to threat of currency intervention from Japanese authorities and rally in China’s yuan 🇯🇵 Japanese yen rose 0.1% against the dollar 📉 Dollar index decreased by 0.16% to 104.26 🇨🇳 China’s yuan strengthened by 0.2% in onshore markets 💹 Renminbi rebounded after strong signal from China’s central … Read more

eGain introduces AssistGPT for enhanced customer service automation; India’s Nifty 50 sees positive growth at market close

Key Takeaways: 💵 The U.S. dollar started the week lower, giving back the previous week’s gains 📉 Dollar Index traded down 0.2% at 104.010 🏦 Market awaits key inflation data and more comments from Federal Reserve speakers 📊 Fed hinted at potential rate cuts, dependent on inflation path 🛎️ Core personal consumption expenditures price index … Read more

Asian Currencies Gain Support as Dollar Dips: Market Update

Key Takeaways 💵 Dollar slipped on Monday with the threat of currency intervention from Japanese authorities and rally in China’s yuan 🇯🇵 Japanese yen slightly higher on the day, standing at 151.29 per dollar 📉 Yen’s current weakness not reflecting fundamentals, despite Bank of Japan hiking interest rates 🇨🇳 China’s yuan climbed in FX markets … Read more

Asia FX on the Rise: Yen and Yuan Watched for Intervention as Dollar Consolidates efforts

Key Takeaways: 💱 Most Asian currencies firmed as the dollar consolidated at one-month highs 📈 Broader Asian currencies firmed, gains limited in anticipation of key economic figures 📈 Australian dollar and South Korean won rose, Singapore dollar firmed 💹 Most Asian currencies are firming up, recovering from recent losses as the dollar remains at one-month … Read more

Global Currency Market Update: Dollar Strengthens, Sterling Weakens, and Euro/USD Volatility after Central Bank Decisions

Key Takeaways: 💵 The U.S. dollar rose sharply after the Swiss National Bank’s surprise rate cut 📈 The Dollar Index hit a three-week high and was on track for a second week of gains 🇨🇭 The Swiss franc dropped after the rate cut, prompting reassessment of the Fed’s actions 💼 The Fed retains a positive … Read more