Key Takeaways: π± Yen remained steady despite warning against speculation π Dollar index dipped from one-month high π Yen couldn’t sustain gains, near four-month high against dollar π¦ Traders monitor 152 level for possible intervention π Speculators borrow in yen, invest in emerging market high yielders πΉ Chinese yuan gained in offshore market πΊπΈ Dollar … Read more
Key Takeaways: π‘ SWIFT is planning a new platform to connect central bank digital currencies to the existing finance system in the next 12-24 months π Around 90% of the world’s central banks are exploring digital currencies to avoid falling behind cryptocurrencies like bitcoin π€ SWIFT conducted a successful trial with a global collaboration involving … Read more
Key Takeaways: π΄ Yen strengthens after Japan’s currency diplomat warning against speculators π΅ Dollar weakens against a basket of currencies after reaching one-month high π€ China’s yuan gains on suspected selling of dollars by state-owned banks π Fed Chair Jerome Powell maintains stance on rate cuts despite inflation concerns π Market and the Magnificent 7 … Read more
Key Takeaways: π΅ Dollar slipped on Monday due to threat of currency intervention from Japanese authorities and rally in China’s yuan π―π΅ Japanese yen rose 0.1% against the dollar π Dollar index decreased by 0.16% to 104.26 π¨π³ China’s yuan strengthened by 0.2% in onshore markets πΉ Renminbi rebounded after strong signal from China’s central … Read more
Key Takeaways: π΅ The U.S. dollar started the week lower, giving back the previous week’s gains π Dollar Index traded down 0.2% at 104.010 π¦ Market awaits key inflation data and more comments from Federal Reserve speakers π Fed hinted at potential rate cuts, dependent on inflation path ποΈ Core personal consumption expenditures price index … Read more
Key Takeaways π΅ Dollar slipped on Monday with the threat of currency intervention from Japanese authorities and rally in China’s yuan π―π΅ Japanese yen slightly higher on the day, standing at 151.29 per dollar π Yen’s current weakness not reflecting fundamentals, despite Bank of Japan hiking interest rates π¨π³ China’s yuan climbed in FX markets … Read more
Key Takeaways: π΅ The Russian rouble hit a one-week low against the dollar following a deadly shooting near Moscow. π΄ Four men were charged for the deadly attack at a concert outside Moscow. π The rouble was relatively unchanged against the dollar but lost value against the euro and yuan. π¦ The Bank of Russia … Read more
Key Takeaways: π± Most Asian currencies firmed as the dollar consolidated at one-month highs π Broader Asian currencies firmed, gains limited in anticipation of key economic figures π Australian dollar and South Korean won rose, Singapore dollar firmed πΉ Most Asian currencies are firming up, recovering from recent losses as the dollar remains at one-month … Read more
Key Takeaways π΅ The dollar is strengthening after a significant shift in global rate outlook. π The Swiss National Bank and other central banks are cutting rates or indicating intentions to do so. π The U.S. economy and high interest rates are keeping the dollar strong against all G-10 currencies except the yen. π¦ The … Read more
Key Takeaways: π΅ The U.S. dollar rose sharply after the Swiss National Bank’s surprise rate cut π The Dollar Index hit a three-week high and was on track for a second week of gains π¨π The Swiss franc dropped after the rate cut, prompting reassessment of the Fed’s actions πΌ The Fed retains a positive … Read more