Key Takeaways: 📉 Dollar eased slightly, staying above key 160 yen level due to fears of Japanese intervention 📉 Bitcoin recovered after worst day in over two months from ETF outflows 📊 Yen hemmed in after April-May currency intervention, sterling near 16-year high against yen 🇺🇸 U.S. personal consumption expenditures (PCE) price index to be … Read more
Key Takeaways: 💵 The US dollar remains the primary reserve currency globally 🌍 Dollar dominance is strengthened by the robust US economy and geopolitical risks 🤝 BRICS countries have not made progress on de-dollarization efforts 💱 China’s CIPS added 62 direct participants in 12 months, reaching 142 direct participants 📉 Share of renminbi in global … Read more
Key Takeaways 💱 Japanese authorities are monitoring excessive currency volatility 📉 Officials warn against wild swings in the yen as it weakens towards 160 per dollar 💼 Business and household demand negatively impacted by currency volatility 🏦 Currency rates need to be stable and reflect economic fundamentals 💰 Yen near a 34-year low prompts past … Read more
Key Takeaways: 💰 Dollar struggled to break above 160 yen due to fear of Japanese intervention 📉 Sterling near 16-year high at 202.33 yen 🔍 Market nervous about yen situation, risks for shorting yen as a carry trade 🇯🇵 Bank of Japan meeting outcomes disappointed investors 🇨🇳 China’s yuan weakened against the dollar near central … Read more
Key Takeaways: 💸 India’s digital currency, the e-rupee, has seen a significant drop in transactions from its initial peak. 📉 Daily transactions have fallen to about 100,000, indicating low organic demand for the e-rupee. 💳 Banks are helping boost transactions through disbursing benefits to employees via the e-rupee. 🌐 The Reserve Bank of India is … Read more
Key Takeaways: 💰 The Chinese yuan softened with USDCNY hitting a 7-month high 📉 Initial weakness in the yuan due to a weak midpoint fix by the People’s Bank 🌍 Concerns over a trade war with the West impacting sentiment towards China 🏗 PBOC may need to let the yuan depreciate in the near-term 🚘 … Read more
Key Takeaways 💵 The dollar index fell to a three-week low due to signs of a slowing U.S. economy 📉 Fed funds futures showed increased chances of a rate cut by September after weak data 🇪🇺 The ECB is expected to cut rates, contrasting the U.S. outlook 🌍 Markets are questioning U.S. exceptionalism; U.S. economic … Read more
Key Takeaways: 💹 Asian currencies firm slightly as dollar rally cools 🇯🇵 Yen gains ground amidst intervention and rate hike speculations 🧾 Sentiment remains fragile due to trade war fears and inflation anticipation 📉 Chinese yuan weakens on weak midpoint fix and trade war concerns 💱 Dollar index falls in Asian trade, focus on PCE … Read more
Key Takeaways: 💰 Bitcoin value decreased by 7.8% to below $60,000 📉 The drop in value occurred at 8:50 pm GMT on June 24 💸 Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24 📰 The report is auto generated from the Reuters news service 🌐 Subscribe to channels on YouTube, Telegram … Read more
Key Takeaways 💲 Dollar dipped from 8-week high against yen due to intervention fears 📉 Greenback briefly fell after seven straight days of gains 🇯🇵 BOJ might intervene if there are excessive forex movements 📊 U.S. 10-year yields at 4.251% versus 10-year Japanese government bond yields at 0.99% 📈 Yen down 1.4% against dollar in … Read more