Key Takeaways: 💰 US dollar has stabilized after August fall 📉 US currency still down 1.6% over the month 🐻 Bank of America sees three reasons to stay bearish on Dollar Index 📉 DXY index fell an average of 4% in previous bearish episodes 💹 Broad USD trade-weighted indices suggest USD remains overvalued 🌍 USD … Read more
Key Takeaways: 💵 The Indian rupee ended at a record closing low but stayed almost flat due to central bank intervention 🔄 The Reserve Bank of India sold dollars to prevent the rupee from falling below the crucial 84 level 📉 Weak U.S. job opening data increased the likelihood of a 50-basis-point Federal Reserve rate … Read more
Key Takeaways: 💵 Dollar Index down 0.2% to 101.139 🇺🇸 Weak U.S. economic data may lead to aggressive interest rate cut 🌍 Eurozone sees positive German industrial orders data 📉 45% chance of Fed cutting rates by 50 basis points 📊 Data discrepancies may affect EUR/USD movement 💰 US dollar weakened against major currencies due … Read more
Key Takeaways: 💰 Indian rupee hit a lifetime low against the US dollar due to heavy demand 📉 Rupee fell to a record low of 83.9850 🏦 Central bank intervention prevented even larger losses on the rupee 🌐 Dollar’s weakness due to dovish Federal Reserve bets 📱 Platform used by traders and investors for investing … Read more
Key Takeaways: 💱 The Indian rupee is near a lifetime low against the U.S. dollar 🏦 The Reserve Bank of India is intervening to support the rupee 📉 Rupee faces depreciation due to a shrinking balance of payments 🔄 Central bank has sold over $2 billion to stabilize the rupee 💰 Balance of payments surplus … Read more
Key Takeaways 💵 RBI selling U.S. dollars to prevent rupee weakening past 84 level 📉 Rupee quoting at 83.9675 per U.S. dollar 🔄 Rupee not finding relief from Asian cues, needs RBI assistance 🌏 Other Asian currencies higher due to expectations of Federal Reserve rate cut 💰 The rupee was trading at 83.9675 per U.S. … Read more
Key Takeaways: 💸 Dollar weakened against major currencies after softening labor market signaled potential interest rate cuts by the Federal Reserve 📉 Dollar slipped against yen as global financial markets favored safe-haven assets 📊 Job openings data impacting Fed rate cut decisions 📉 U.S. stocks remain weak amid concerns about the economy and tech sector … Read more
Key Takeaways: 💵 Dollar’s dominance in global financial system is not ending according to JPMorgan 🌎 China’s rise and economic sanctions are leading to diversification away from the dollar 📈 Dollar-denominated bank deposits in emerging markets are increasing 🛢️ Oil trading is shifting towards non-USD currencies in commodities markets 💳 Fragmentation of international payments system … Read more
Key Takeaways 💵 Citi anticipates the US jobs report to have a significant impact on G10 FX markets, especially the US dollar 📊 Market reaction to data for the USD has been asymmetric, with data beats being relatively neutral while data misses result in USD weakness 🌍 Growth concerns in the rest of the world, … Read more
Key Takeaways: 💵 UBS downgraded its long-term US dollar targets 📉 Currency analysts recommend fading the USD rebound in early September 📊 VIX volatility decreased but FX implied volatility remains high in carry pairs 💹 USD could see a near-term rebound due to positive seasonal patterns 🌍 UBS downgraded USD outlook into end-2024 and 2025 … Read more