Key Takeaways π΅ Dollar eased from 5-1/2-month highs due to Fed officials emphasizing rate-cutting cycle on hold π Recent data shows U.S. economy stronger than expected, leading to reduced bets on future rate cuts π‘οΈ Dollar gains safe-haven appeal in short term due to risks of broadening Middle East conflict π More hawkish view on … Read more
Key Takeaways: π΅ Chinese businesses are hoarding dollars in anticipation of yuan depreciation π Yuan has fallen 1.9% to the dollar in 2023, hitting five-month lows π Foreign exchange deposits in China have increased by $53.7 billion since September π° Businesses are choosing to park dollars offshore in deposits that earn higher interest rates than … Read more
Key Takeaways: π΅ The dollar is near 5-1/2 month highs as Fed officials state rate-cutting cycle on hold π U.S. economy data differs from Fed forecasts, leading to reduced bets on future rate cuts πΊ Middle East conflict risks increase dollar’s appeal as a safe-haven asset π U.S. allies plan fresh sanctions against Iran, seeking … Read more
Key Takeaways πΉ Dollar Index traded lower in early European trade π Sterling rose after U.K. inflation rate slowed less than expected π U.K. consumer prices rose by an annual 3.2% in March πΊπΈ Fed chief Powell indicated interest rates to stay higher for longer π Analysts expect further dollar gains, with USD eyeing 107.00 … Read more
Key Takeaways for Currency Markets: π΅ Dollar remains close to a 5-1/2 month high, showing resilience against other major currencies. π Investors are adjusting their expectations for U.S. interest rates based on recent economic data, leading to a reevaluation of future rate cuts. π‘οΈ The dollar is seen as a safe-haven asset amid escalating tensions … Read more
Key Takeaways: π΅ Dollar remains steady after Fed comments suggest higher interest rates for longer π Markets push back expectations for Fed rate cuts, with September seen as new starting point for easing cycle π―π΅ Yen stuck at 34-year lows versus the dollar, nearing intervention levels π Yields on benchmark 10-year Treasury notes climb to … Read more
Key Takeaways: π΅ Most Asian currencies traded in a tight range π Dollar stabilized near five-month highs due to strong U.S. economic data and Fed warnings π Continuing losses in regional currencies following signs of sticky inflation in the U.S. π Traders leaning towards the dollar after Powell’s comments on rate cuts π Worsening geopolitical … Read more
Key Takeaways: π΅ Chinese businesses hoard dollars due to expected weakening of own currency π Dollar’s rising yield contributes to cycle of weakened yuan πΈ Inflows from exporters to China drying up as they choose higher yield dollar deposits π° Trough of yuan at 7.3 may motivate exporters to convert dollars to yuan π Chinese … Read more
Key Takeaways π΅ Dollar hit a five-month high against the euro and the yen π Stronger-than-expected growth data supported the dollar π Escalating geopolitical tensions added a safe-haven boost to the U.S. currency πΈ Intervention rumors for the yen prompted market nerves π Significant stock price drops: Superdry by 5.9%, PageGroup by 9.1% π Goldman … Read more
Key Takeaways: π΅ The dollar saw a five-month high against the euro and the yen reached its weakest level since 1990 π Stronger-than-expected growth data, including retail sales, contributed to the dollar’s buoyancy π₯ Escalating geopolitical tensions between Israel and Iran are boosting the dollar as a safe-haven π£ Fed Chair Jerome Powell’s speech may … Read more