Key Takeaways 💵 Dollar climbed above 152 yen for the first time since late July 📉 Interest rate gap widening between Japan and the United States 🇺🇸 Trump’s possible presidential victory impacting market movements and expectations 🗳️ Investors positioning ahead of the U.S. election amid a tight race 🇺🇸 Markets anticipate a Trump presidency leading … Read more
Key Takeaways 💵 Dollar Index traded 0.3% higher to 104.175, near a three-month high 📈 Expectations for aggressive interest rate cuts in the US fading 📊 WPP reported revenue rise, but cautioned on tough market conditions 🏦 Central bankers’ speeches and Bank of Canada interest rate decision are in focus for the day ⛏ Hochschild … Read more
Key Takeaways: 💵 Dollar rose to a 2-1/2-month peak as interest rate cut expectations faded 📉 Yen dropped to 152 per dollar, its lowest since July 31 📊 Markets pricing in a moderate quarter-basis-point cut in November 🗳️ Investors considering potential impacts of U.S. presidential election candidates on the dollar 🔹 Possibility of a Republican … Read more
Key Takeaways 💵 The U.S. dollar remained strong for three weeks due to shifting interest rate expectations and a close presidential election contest. 📈 The yen hit a three-month low as the dollar and U.S. Treasury yields rose. 📉 Treasury yields have been supported by the Fed’s less dovish view, reaching the highest level since … Read more
Key Takeaways: 💱 Asian currencies weakened due to uncertainty over U.S. interest rates and upcoming elections 📉 Japanese yen hit near three-month low amid anticipation of Japanese election and BOJ meeting 🇨🇳 Yuan remained at two-month lows due to signals on stimulus from China 💹 Dollar index rose 0.1% in Asian trade, reflecting expectations of … Read more
Key Takeaways: 💵 Dollar is on track for its biggest October gains in over a decade 📉 BofA analysts believe the USD rally is losing steam 🏦 Central banks aim for price stability by adjusting policy rates 💱 Central banks have doves advocating for loose monetary policy and hawks for higher rates 🤝 Chairman or … Read more
Key Takeaways: 💹 BofA analysts believe USD rally is losing steam and beginning to fade 📈 Dollar index has climbed 2.5% in October, best performance since 2022 🔮 Drivers like U.S. yields, safe-haven flows, and economic performance expected to lose steam 🐻 BofA suggests bearish view on USDCAD due to potential BoC rate cut 🌍 … Read more
Key Takeaways: 💵 U.S. dollar rose to a 2-1/2-month high on expectations of Fed tempering interest rate cuts ⬆️ Positive economic data has reduced expectations of size and speed of Fed rate cuts 📈 Benchmark 10-year U.S. Treasury note yield rose to its highest since July 26 🗳️ Market expectations are pricing in a 89.6% … Read more
Key Takeaways: 💹 Dollar rises to fresh 2-1/2 month high on expectations of Federal Reserve rate adjustments 📈 U.S. Treasury yields increase, with benchmark 10-year note hitting highest since July 📉 Market prices in 91% chance of 25 basis point rate cut at Fed’s November meeting 🌎 Strong U.S. economic data driving divergence in central … Read more
Key Takeaways: 💱 EUR/USD projected to climb towards 1.16 by 2025 📊 USD has made a comeback in October due to strong US labor market report and PMI data 🌍 ECB cut rates in response to lower European inflation 📈 US election poses short-term risks for EUR/USD ⚖️ UBS recommends selling USD strength, especially in … Read more