Key Takeaways 💵 The US dollar rose moderately in choppy trading due to concerns about persistent inflation and the belief that the Federal Reserve will delay cutting interest rates. 📉 The dollar barely responded to the release of weaker-than-expected March U.S. producer prices and rebounded after an initial fall. 🇯🇵 The yen hit a 34-year … Read more
Key Takeaways: 💵 The US dollar rose due to concerns about persistent inflation and expectations of a slower rate cut by the Federal Reserve. 📉 Weaker-than-expected March U.S. producer prices did not relieve inflation fears. 🌍 In other currencies, the euro fell to a two-month low after the European Central Bank hinted at a rate … Read more
Key Takeaways: 💵 Higher oil prices support the dollar globally in the short term 🛢️ Oil shocks amplify USD-positive impact due to supply conditions 🌍 Oil prices influence USD strength due to supply shocks and inflation dynamics 🔒 Federal Reserve’s restrictive monetary policy contributes to USD impact 📉 BofA predicts a decline in dollar value … Read more
Key Takeaways: 💵 Dollar is strong against a basket of peers after U.S. inflation data 🇪🇺 Euro remains flat at $1.0748 after a 1% fall 🏦 Markets anticipating ECB rate cuts after hints from policy markers 🗣️ ECB aims to remain non-committal about future cuts after June meeting 📈 Market now pricing in 17% chance … Read more
Key Takeaways: 💴 Yen is at three-decade lows despite optimism about the economy 📉 Yen has been steadily falling for more than three years and lost about a third of its value since the start of 2021 🔀 Yen is the lowest-rate G10 currency, leading to borrowing and selling for higher-yielding currencies 💼 Japan’s central … Read more
Key Takeaways: 💲 Asian currencies weakened due to hotter U.S. inflation data and strong dollar 📈 Expectations for a June rate cut by the Federal Reserve diminished 🇨🇳 Soft inflation readings from China impacted sentiment 🇯🇵 Japanese yen slightly strengthened, with concerns over potential currency intervention 📉 Chinese yuan remained close to five-month highs 📊 … Read more
Key Takeaways: 💱 Japanese officials warn of potential intervention in currency markets 📈 USDJPY pair reaches 34-year high of 153.24 due to stronger dollar 📉 Pair retreats to around 152.84 after remarks from Finance Minister Suzuki ⚠️ Fear of intervention leads to some yen strength 💵 Higher U.S. interest rates expected to weigh on the … Read more
Key Takeaways 💵 The US dollar surged to a 34-year high against the yen after US inflation data increased more than expected in March. 📈 Market participants anticipate a delay in the first Fed rate cut to September from June due to rising inflation. 🔍 Traders have reduced bets on a Fed rate cut in … Read more
Key Takeaways 💵 The US dollar surged against the Japanese yen to its highest level since mid-1990 📈 US inflation data exceeded expectations, leading to revised expectations for Fed rate cuts 📉 Traders adjusted bets on Fed rate cuts, with lower expectations for June and higher probabilities for September 💱 The dollar index against major … Read more
Key Takeaways: 💹 The US dollar reached its highest level against the Japanese yen since 1990 📈 Latest U.S. inflation data exceeded expectations for both monthly and annual increases 🌏 Japan has intervened in the currency market several times in 2022 to prop up the weakening yen 💵 Yen futures data showed a surge in … Read more