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
Key Takeaways: 💱 Indian rupee dropped to a record low of 83.98 to the U.S. dollar 🏦 Reserve Bank of India (RBI) is actively supporting the currency to prevent further devaluation 🌎 Negative global cues impacted Indian equities and currencies 📉 Weakness in U.S. equities affected Asian and European markets 📈 Odds of a 50-basis-point … Read more
Key Takeaways 💰 Safe-haven currencies like the Japanese yen and Swiss franc gained against the dollar due to concerns about the U.S. economy and tech sector valuations 📉 U.S. equity indexes fell, with Nvidia dropping nearly 10%, sparking a risk-off mood that spread to Asia and Europe 📊 Traders are nervous ahead of crucial monthly … Read more
Key Takeaways: 💵 India’s central bank is selling dollars to prevent the rupee from hitting a record low 💱 The rupee is currently at 83.9650 to the U.S. dollar, avoiding falling below the lifetime low of 83.9725 📉 Offers to sell dollars at 83.97 are consistently seen on the interbank order matching system and from … Read more
Key Takeaways 💴 Safe-haven Japanese yen strengthened while riskier currencies like Aussie weakened 📉 Poor U.S. manufacturing data caused worry about the economy 📈 Dollar draws safety bids despite concerns about U.S. economy 🌐 Cryptocurrencies also declined 💰 Odds of Federal Reserve interest rate cut increased to 38% 💰 Yen surged as investors sought safe-haven … Read more
Key Takeaways 💵 The US dollar hit a 2-week high against the euro 📉 The euro declined by 0.24% against the dollar 📊 Investors are anticipating crucial payrolls data for impact on Federal Reserve’s decision 📈 Market expects interest rate cuts with a 63% chance of 25 basis point cut and a 37% chance of … Read more
Key Takeaways: 💱 The dollar rose to a two-week high against the euro 📊 Focus on jobs data this week after Powell’s comments on interest rate cuts 🛠️ Improvement in U.S. manufacturing but trend still indicates subdued factory activity ⏰ Markets expect a 63% chance of a 25 bps cut by the Fed in September … Read more
Key Takeaways 💵 The dollar is close to a two-week high against the euro as traders prepare for a data-heavy week. 📉 Economists expect an increase of 165,000 U.S. jobs in August, up from a rise of 114,000 in July. 🏭 U.S. manufacturing showed improvement last month, particularly in employment, but overall factory activity remains … Read more
Key Takeaways: 💪 Consensus trade expected Swiss Franc weakness 📈 USD/CHF 0.1% higher, up 1.3% YTD 🔄 Year has seen significant FX weakness in H1, recovery in H2 🇨🇭 Switzerland has factors for FX weakness, but CHF not weakening as expected 📉 Below expected Swiss CPI inflation in August, stable on monthly basis 📈 Swiss … Read more
Key Takeaways: 💵 Dollar near two-week high ahead of U.S. payrolls data 🇯🇵 Yen breaks losing streak after Bank of Japan governor’s comments 📉 Euro and sterling edging lower against the dollar 📈 Dollar index up at 101.80, highest in two weeks 📊 Markets pricing in 69% chance of 25 bps Fed rate cut 🇦🇺 … Read more