Key Takeaways: 💸 Dollar index surged to multi-year highs, suggesting ‘Trump Trade’ priced in 📉 Opportunity to turn bearish on the greenback if DXY 110 target breached 🌍 Slow global growth and hawkish Fed already factored in 📈 Trump presidency already priced in, dollar seen as overvalued 💹 US inflation strength nearing an end, slowdown … Read more
Key Takeaways 💰 Deutsche Bank recommends selling the British pound based on a broad, trade-weighted basis 📉 Pound has been the worst-performing currency since the beginning of the year 📊 Current account deficit in the UK is not improving, volatility-adjusted yield pickup at risk 🔄 Pound increasingly reliant on carry inflows which are now in … Read more
Key Takeaways: 💸 Recent surge in UK gilt yields reveals fragility of sentiment towards fiscal position 📉 Sterling hit by idiosyncratic move in GBP risk premium 📊 Surge in gilt yields may remove headroom against fiscal rules by March 📈 Government likely to announce fiscal consolidation measures to meet rules 💰 Markets concerned about inflation … Read more
Key Takeaways: 💵 Most Asian currencies weakened on Friday, while dollar remained strong 📉 Weak inflation data from China impacted regional sentiment 📆 Focus on nonfarm payrolls data for cues on US economy and interest rates 📈 Japanese yen softened, speculation on Bank of Japan interest rate hike 🇨🇳 Chinese yuan weakened on soft inflation … Read more
Key Takeaways: 💵 The U.S. dollar strengthened for a third straight session as Treasury yields remained high 📉 Sterling continued to weaken, facing pressure from concerns over Trump’s policies 📈 U.S. Treasury yields hit an 8-1/2 month high, sparking inflation concerns and expectations of slower Fed rate cuts 👀 Investors await Friday’s government payrolls report … Read more
Key Takeaways: 💵 Dollar has climbed for three straight sessions 📉 Sterling’s slump continues 📈 U.S. Treasury yields remain elevated 📊 Economic data indicates a solid labor market 🏦 Investors await government payrolls report 🤔 Uncertainty over economic outlook affects rate cuts 🇯🇵 Japanese yen strengthens 📉 Real wages in Japan fell for fourth straight … Read more
Key Takeaways: 💸 UK government debt yields at highest since 1998 📉 British pound weakens against the dollar 📈 30-year gilt yield hits 5.455% 📈 10-year gilt yield rises to 4.921% 🌍 Global surge in bond yields due to inflation concerns 💸 Rising UK government bond yields have led to turmoil in the market 📈 … Read more
Key Takeaways: 💵 The firm dollar gained strength from rising Treasury yields, putting pressure on the pound and euro. 🇺🇸 Markets are focused on President-elect Donald Trump’s agenda for 2025, expecting growth and inflationary pressures. 📉 Concerns about Trump’s tariff policies led bond yields higher, with the 10-year U.S. Treasury note hitting a high. 📈 … Read more
Key Takeaways 💲 Hong Kong has no intention of changing its U.S. dollar-pegged currency system 🏦 Hong Kong Monetary Authority is committed to maintaining the currency band 🌍 Exchange rate stability is crucial for Hong Kong’s economy 💵 Analysts expect the Hong Kong dollar to weaken after remaining close to 7.75 per dollar in January … Read more
Key Takeaways: 💵 The US dollar stabilized due to rising Treasury yields and hawkish comments from the Federal Reserve 📉 The Euro fell amid signs of economic weakness, including low industrial production and exports in Germany 🇬🇧 GBP/USD traded lower on concerns about the UK bond market, hitting its weakest level since April 🇨🇳 USD/CNY … Read more