Key Takeaways: 💹 Most Asian currencies stable on Monday, dollar weak 🌍 Euro steady after leftist coalition wins French election 🛡 Asian currencies cautious due to China-EU trade war concerns 💵 Dollar index near one-month low, focus on Fed Chair testimony 💰 Japanese yen gains on stronger average wages, potential for interest rate hikes 🇨🇳 … Read more
Key Takeaways: 💼 Keir Starmer inherits a weak economy with slow growth and stagnating living standards 📉 Recovery from COVID pandemic in the UK has been weaker than other big rich nations 💰 Tough economic challenges ahead despite Labour’s majority in parliament ⏳ Turnaround will take time with no quick fixes available 🌍 Challenges from … Read more
Key Takeaways: 💵 The U.S. dollar weakened ahead of the key monthly jobs report 🇬🇧 Sterling rose after U.K. general election results, with the Labour Party gaining power 📊 Expectations are for a Fed rate cut due to cooling U.S. economy 🇫🇷 Euro gained ahead of French parliamentary elections, with far-right unlikely to win majority … Read more
Key Takeaways: 💹 Most Asian currencies advanced as dollar weakened ahead of key payrolls data 🇯🇵 Japanese yen strengthened sharply amid speculation of government intervention 🇬🇧 British pound firmed with Labour party expected to win in UK general election 💵 Dollar index and futures sank to three-week lows due to interest rate cut expectations 🛑 … Read more
Key Takeaways: 💵 Weak economic data raises expectations of interest rate cuts by the Federal Reserve 📉 Dollar index traded 0.2% lower at 104.900 in early European trade 🧐 Traders pricing in nearly 66% chance of a September rate cut 🔮 Speculation on U.S. presidency impact on Fed easing policies 📆 U.S. celebrating Independence Day … Read more
Key Takeaways: 💵 Dollar fell to a three-week low after weaker economic data 📉 Dollar index dropped to 104.14, lowest since mid-May 📈 Euro gained 0.5% versus the dollar 🏦 ECB is almost certain to cut rates after meeting on Thursday 🇬🇧 Sterling rose following U.S. manufacturing data 📈 Some policymakers emphasized the need for … Read more
Key Takeaways: 💸 Dollar slips in early European trade due to weak economic data raising expectations of Fed rate cuts 🇪🇺 Euro benefits from dollar weakness and may struggle amid political uncertainty 🇬🇧 Pound gains as U.K. general elections take place, Labour Party expected to win majority 🇯🇵 USD/JPY trades lower amidst potential government intervention … Read more
Key Takeaways: 💰 Most Asian currencies strengthened as expectations of Federal Reserve interest rate cuts weakened the dollar ⚠️ A delicate yen situation due to potential government intervention kept traders cautious 🇯🇵 Traders anticipated potential intervention by the Japanese government during low trading volumes around the July 4 U.S. market holiday 📉 Dollar index and … Read more
Key Takeaways: 💰 Rupee is expected to trade in the narrowest range in about 30 years due to RBI’s actions 📉 Koo, once hyped as Twitter’s Indian rival, is shutting down ⚠️ Short selling in emerging markets like India, as seen in the Adani-Hindenburg saga, is risky 👥 Sebi’s signals towards investor interests may be … Read more
Key Takeaways: 💹 Japanese yen near weakest levels in 38 years 📉 USDJPY at 161.50, close to its highest level since 1986 ⚠️ Speculation of government intervention to stem yen’s decline 📉 Intervention expected to only temporarily halt yen’s decline 💰 Low liquidity conditions during U.S. holiday could prompt intervention 📉 High U.S. interest rates … Read more