Key Takeaways: 💱 Most Asian currencies strengthened after the Fed cut rates and began an easing cycle 💴 Japanese Yen rose as the Bank of Japan held interest rates and expected inflation and economic growth to rise 🇨🇳 Chinese Yuan also firmed as the People’s Bank of China kept benchmark rates steady 📉 USDJPY pair … Read more
Key Takeaways: 💸 Bets on a stronger Japanese yen are gaining traction 📉 Yen has seen strong recovery recently 📈 Interest rates and global economic conditions support yen in the future 🏦 BOJ expected to maintain interest rates, providing more yen buying opportunities 💰 Japanese economy remains resilient with wage increases 🔄 Interest rate differentials … Read more
Key Takeaways: 💵 The U.S. dollar slipped in choppy trading after the large 50 basis point interest rate cut by the Federal Reserve 📉 Despite the unexpected rate cut, the dollar did not sustain significant damage 📈 The euro strengthened against the dollar, while expectations focused on the Bank of Japan keeping interest rates unchanged … Read more
Key Takeaways 💰 The U.S. dollar edged lower in choppy trading following a 50 basis point interest rate cut by the Federal Reserve 📉 Dollar index was down to 100.950 after reaching a low of 100.21 🇪🇺 Euro strengthened to $1.111950 and yen was 0.45% higher against the dollar 📈 Money markets priced in additional … Read more
Key Takeaways: 💵 Dollar slipped after Fed cut interest rates and revised monetary policy outlook 🇬🇧 Sterling and other currencies outperformed peers 📉 Money markets expecting additional rate cuts in 2024 and 2025 📈 Pound hit highest level since March 2022 against dollar 💼 Australian employment data exceeded forecasts, supporting the Aussie dollar 🇳🇿 New … Read more
Key Takeaways: 💱 The U.S. dollar dropped after the Federal Reserve cut its interest rate by 50 basis points 🧐 Expectations were leaning towards a dovish outcome with a 65% chance of a 50 basis point cut 📈 Money markets priced in additional rate cuts in 2024 and 2025 🇦🇺 The Australian dollar and Norwegian … Read more
Key Takeaways: 💵 Dollar Index rose 0.1% after Fed interest rate cut 🇬🇧 GBP/USD increased 0.3% ahead of Bank of England meeting 📉 The Eurozone inflation is not as low as the ECB would like, prompting interest rates to stay high 🇯🇵 Investors positioned for no changes in interest rates in Japan after a scheduled … Read more
Key Takeaways: 💵 The U.S. dollar rose broadly after the Federal Reserve’s interest rate cut 📈 Markets react in a "buy the rumour, sell the fact" fashion 🇯🇵 Dollar gained against the yen post-Fed announcement 🇪🇺 Euro dipped slightly post-Fed meeting 📉 Dollar index rose to 101.03 post-Fed decision 🏦 Fed projects further interest rate … Read more
Key Takeaways 💵 Dollar strengthened after the Federal Reserve’s interest rate cut 🇯🇵 Japanese yen weakened due to the dollar’s pressure and expectations of no changes in interest rates 🌏 Broader Asian currencies were muted due to mixed signals from the Fed 📈 Fed Chair Jerome Powell hinted at further rate cuts despite balanced risks … Read more
Key Takeaways: 💵 The dollar gained ground after the Federal Reserve cut interest rates by 50 basis points. 📉 Initially, the dollar traded lower after the Fed announcement before paring those losses. 🛑 Fed policymakers expect more interest rate cuts through 2026 to bring rates down to a range of 2.75%-3.00%. 📈 Currency bid prices … Read more