Key Takeaways 💵 Dollar hit by expectations of 50 bps rate cut 📉 US dollar fell to lowest levels this year 📅 Fed might cut rates by 25 bps with total of 75 bps cuts by 2024 📈 USD might increase after initial rate-cut announcement 📈 USD may go up against emerging market and commodity … Read more
Key Takeaways: 💱 The dollar is trading near its lowest levels of the year 📉 Markets are expecting a U.S. easing cycle to begin with a potentially large rate cut 📊 Fed funds futures indicate a 69% chance of a 50 basis point rate cut 🇯🇵 The yen has room to rally on a dovish … Read more
Key Takeaways: 💵 BNP Paribas predicts euro could rally against the dollar in a global recession 📈 Euro and peripheral government bond spreads in the currency bloc are less sensitive to risk-off periods 🌍 Euro/dollar is the most actively traded currency pair globally 📢 BNP Paribas forecasts euro/dollar to rally to $1.15 by end-2025, gaining … Read more
Key Takeaways: 💵 The dollar is trading near its lowest levels of the year 🇯🇵 The yen has the most room to rally on a dovish turn from the U.S. central bank 📉 Odds of a 50 basis point rate cut by the Fed are at 67% 🇬🇧 Sterling has been the best performing G10 … Read more
Key Takeaways 💰 134 countries are exploring digital versions of their currencies, representing 98% of the global economy 🌍 Almost half of the countries are at an advanced stage of exploring central bank digital currencies (CBDCs) 🔍 All G20 nations are looking into CBDCs, with 44 countries piloting them 📈 China, the Bahamas, and Nigeria … Read more
Key Takeaways 💲 Asian currencies firmed as dollar retreated on bets of bigger rate cuts ⌛ Regional trading volumes limited by holidays and anticipation of Fed decision 📉 Lower rates expected to diminish dollar’s appeal, pushing traders to seek higher yields in riskier markets 📈 Most Asian currencies gained, with slight falls in Chinese and … Read more
Key Takeaways: 💰 Demand for London’s high-end homes cooled due to fears of potential tax increases 🔻 Sales of prime central properties were down by 7.5% while new sales instructions rose by 8.1% 📉 Average selling price for prime property was 4.2% lower than a year ago 📆 Post-election market bounce in July ended quickly … Read more
Key Takeaways: 💵 U.S. dollar fell to a more than one-year low versus the yen 🏦 Expectations increased for a potential supersized cut to interest rates by the Federal Reserve 💸 Futures markets are pricing in a 61% chance of a 50 basis point cut 🌎 U.S. Treasury yields have been falling in anticipation of … Read more
Key Takeaways: 💱 The US dollar fell to a one-year low against the yen on speculations of a larger interest rate cut by the Federal Reserve. 🇺🇸 US Treasury yields have decreased leading up to the Fed meeting, with expectations rising for a 50 basis point rate cut. 💵 Currency prices show fluctuations with the … Read more
Key Takeaways 💰 U.S. dollar reaches a near 9-month low against Japanese yen 📉 Speculation arises around a 50-basis-point rate cut by Fed 🇪🇺 Euro gains following ECB rate cut, dampening of future cuts 📊 U.S. consumer sentiment improves in September 👁️ Former NY Fed President Dudley comments on significant Fed rate cut 🍵 Bank … Read more