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
Key Takeaways: 💵 The dollar remained stable ahead of a data-heavy week that includes U.S. inflation readings and rate decisions 📊 Inflation figures from various regions such as the euro zone, Japan, and Australia will also be released this week 🇪🇺 ECB officials are focused on euro zone inflation, especially in the service sector and … Read more
Key Takeaways: 💲 Dollar gains ground ahead of busy economic data week 📈 US inflation data takes center stage with expectations of 0.4% increase 🌍 Global economic releases this week include euro zone, Japan, and Australia inflation figures 🏦 Reserve Bank of New Zealand (RBNZ) rate decision and PMI readings in China also scheduled 💰 … Read more
Key Takeaways: 🌏 Most Asian currencies weakened while the dollar gained ground 💰 Investors are awaiting cues on interest rates and U.S. inflation 📉 Anticipation of Japanese inflation and Chinese PMI data is keeping traders on edge 📆 Focus is on Japanese CPI data for January 💹 Potential government intervention limited further losses in the … Read more
Key Takeaways: 💸 The Canadian dollar weakened against the USD this week 📉 Market drivers of loonie weakness include spreads working against the CAD 🇨🇦 Canadian CPI data coming in cooler than expected may lead to a Bank of Canada rate cut 📊 Scotiabank analysts expect the CAD’s linkage with stocks to soften 📈 Wells … Read more
Key Takeaways: 💼 Concerned about China’s excess manufacturing capacity impacting the global economy 🛠 Chinese heavily subsidized manufacturing capacity for various goods creating overcapacity 🏗 U.S. implementing measures like tariffs and tax credits to keep Chinese EVs out of the market 🌍 Engaging in discussions with China to ensure fair competition on a global scale … Read more
Key Takeaways: 💼 Adeyemo does not believe that China’s economic challenges will have a major impact on the US economy 🚗 Excess manufacturing capacity from China, particularly in electric vehicles and solar panels, is a concern for the global economy 💰 U.S. tariffs and tax credits aim to prevent Chinese EVs from dominating the U.S. … Read more
Key Takeaways 💸 Switzerland prefers physical cash over payment apps 🏦 Cash is the most accepted payment method for face-to-face businesses 📱 Mobile payment apps are becoming more popular, surpassing credit and debit cards 💼 Bank transfers are popular for Swiss companies dealing with clients remotely 🚫 Concerns raised about marginalized groups due to lack … Read more
Key Takeaways: 💼 Most Asian currencies weakened following hawkish signals from the Federal Reserve and strong U.S. labor data 📈 Dollar index and futures showed little movement in Asian trade, with mild weekly losses 🇯🇵 Japanese market holiday with muted trading volumes, yen above 150 level to the dollar 🇨🇳 Chinese yuan, South Korean won, … Read more