Key Takeaways: 💰 Chinese yuan strengthened by Beijing’s stimulus measures 🇦🇺 Australian dollar rose ahead of anticipated hawkish signals from RBA 📉 Weaker U.S. dollar benefited Asian markets 📈 Chinese markets rallied due to government stimulus 📉 Lower rates could lead to yuan weakness 🇯🇵 Japanese yen stabilized after decline in manufacturing activity 💵 Dollar … Read more
Key Takeaways: 📉 Euro fell against the dollar due to disappointing euro zone business activity reports 📉 Markets expect more interest rate cuts by the European Central Bank 📉 Euro zone business activity contracted, especially in the dominant services industry 📉 Euro slumps against the dollar 📉 Euro dropped against the dollar due to disappointing … Read more
Key Takeaways 💵 Euro weakened against the dollar due to disappointing business activity reports 📉 Markets expect more interest rate cuts by the European Central Bank 🇺🇸 US business activity remained steady with rising prices 📈 Dollar index rose slightly with US dollar benefitting from interest rate expectations ✂️ The Fed cut interest rates by … Read more
Key Takeaways: 💶 Euro fell against the dollar due to grim euro zone business activity readings 🇺🇸 U.S. dollar index rose slightly to stay above one-year low 🇬🇧 Pound remained almost flat after British businesses reported a slowdown in growth 🏦 Central banks like the ECB, BOJ, and Bank of England are anticipated to make … Read more
Key Takeaways 🇺🇸 U.S. dollar index rose against six major currencies, staying above one-year low 💷 Pound slipped against the dollar but reported less severe slowdown in growth compared to euro zone 📉 Dollar slipped against the yen as Bank of Japan indicated no hurry to hike interest rates 🪙 Bitcoin edged up to $63,500, … Read more
Key Takeaways: 💵 The U.S. dollar rebounded from a one-year low after a Fed rate cut 📉 The euro declined with weak PMI data from Germany, hinting at a recession 🔗 Investors are pricing in significant rate cuts for the U.S. by the end of the year 🇪🇺 European Central Bank’s rate cut has hit … Read more
Key Takeaways 💹 Bitcoin reached one-month highs following the Federal Reserve’s rate cut 📈 Dollar strengthened against the yen, hitting a two-week high 🔄 Bank of Japan left interest rates unchanged, yen’s gains paused 📊 Markets thinned by a Japanese holiday with trade driven by expectations of further Fed rate cuts 💰 Bitcoin was up … Read more
Key Takeaways 💹 Most Asian currencies trading in a tight range as traders await more Fed cues 🇦🇺 Australian dollar performing well ahead of Reserve Bank of Australia meeting 📉 Yen weakened, but most Asian currencies holding onto gains after Fed rate cut 📈 RBA expected to keep interest rates steady, signaling hawkish stance 🎙️ … Read more
Key Takeaways: 💼 Mimura watches markets for build-up of yen carry trades 🔄 Yen carry trades likely unwound in the past 📉 Increase in yen carry trades could heighten market volatility ⚖️ Authorities prepared to act if currency moves deviate from fundamentals 🌐 Mimura took over as vice finance minister for international affairs in July … Read more
Key Takeaways: 💵 Dollar edged higher after Federal Reserve’s large interest rate cut 🇬🇧 Sterling rose after strong UK retail sales data 📉 Markets imply more rate cuts by the Federal Reserve 🌍 Euro up almost 1% for the week 📈 German producer prices fell less than expected 🇯🇵 BOJ held interest rates steady, inflation … Read more