Key Takeaways: 💹 Asian markets rose, bouncing back from previous losses 🛡️ Middle East tensions eased, allowing traders to pick up equities 📊 Investors are focused on upcoming key US inflation data and corporate earnings 📈 Despite negative Wall Street lead, markets in Hong Kong, Tokyo, and others rose 📉 Traders scaled back expectations for … Read more
Key Takeaways 💱 UBS raises forecast for USD/CNY exchange rate due to geopolitical tensions and Fed rate cut expectations 📈 Anticipates USD/CNY rate to reach 7.35 by June, revised targets for September, December, and March 2025 💼 People’s Bank of China may allow weaker yuan, adding short-term pressure on Chinese currency 🤝 Rising geopolitical tensions … Read more
Key Takeaways: 💱 Yen hit 154.70 per dollar near last week’s 34-year low of 154.79 📈 Dollar trade-weighted index above 106, off recent highs after inflation data 🌍 Markets calmed after cooling in Middle East tensions 🎌 Focus on Bank of Japan’s (BOJ) policy review this week 💹 Strong dollar trend prevailed at recent international … Read more
Key Takeaways: 💵 Asian currencies are trading flat to low due to concerns about higher U.S. interest rates 🌍 Improved risk appetite in Asia due to easing fears of Middle East conflict 📉 Regional currencies still hold losses from previous week as Fed rate cut expectations decline 📈 Dollar index remains close to five-month highs … Read more
Key Takeaways 💼 Accountability is a key focus for the IMF and World Bank steering committee 📊 Emphasis is placed on ethical practices and transparency 🌍 The committee aims to enhance collaboration with member countries in economic development efforts. 💱 The joint statement by Japan and South Korea with the U.S. shows concerns over weak … Read more
Key Takeaways: 💹 Safe-haven Swiss franc and Japanese yen rose initially on tensions between Iran and Israel 📉 Dollar fell against the Swiss franc and yen 📰 Iran indicated not planning a retaliatory response after Israel’s limited-scale attack 🌍 Market outlook focused on Fed policies over geopolitics 💱 Japanese Finance Minister warned against excessive yen … Read more
Key Takeaways: 💱 BofA lowers EURUSD year-end forecast to 1.12 from 1.15 📉 Federal Reserve expected to cut interest rates in December instead of June 🌍 Geopolitical tensions, oil prices, and high U.S. interest rates impact emerging markets 💰 BofA predicts USD/JPY to climb to 155 by end of 2024 and 147 by end of … Read more
Key Takeaways: 💰 Dollar hands back early gains after Israeli strikes against Iranian sites 🌍 Potential escalation in Iran-Israel conflict leading to volatile market conditions 📉 Dollar likely to post a positive week due to strong U.S. economic data and inflation concerns 🇪🇺 EUR/USD rose slightly after German producer prices fell less than expected 🇬🇧 … Read more
Key Takeaways: 💸 UBS sees downside risks to EUR/USD below 1.05 due to US economic resilience and geopolitical concerns 🏦 US Fed rate cut may be delayed, leading to potential appreciation of US dollar 🌍 ECB may start rate-cutting cycle in June, creating US exceptionalism with more demand for US dollar as safe-haven asset ⚖️ … Read more
Key Takeaways: 💵 Asian currencies weakened while dollar and yen rose on safe haven demand 📈 Dollar index and yen near multi-month highs 💥 Israel retaliatory strikes against Iran causing geopolitical tensions 🇦🇺 Australian dollar weakened as an indicator of risk sentiment 🚀 Fed officials warn of higher interest rates for longer period due to … Read more