Key Takeaways: π΅ The U.S. dollar slips ahead of Jackson Hole speech π Markets anticipate Fed cutting rates by September π EUR/USD and GBP/USD trading higher, near recent highs π± ECB maintains steady inflation expectations amid potential rate cuts π―π΅ Yen made gains after BOJ Governor reaffirmed hawkish stance π Central bankers will influence financial … Read more
Key Takeaways: πΉ Most Asian currencies firmed as the dollar cooled ahead of Jerome Powell’s address π Japanese yen was the best performer, boosted by BOJ Governor Ueda’s hawkish comments π Broader Asian currencies advanced despite concerns over slowing economic growth π΅ USDJPY pair fell 0.4% on Friday, set for a 1.3% weekly decline π … Read more
Key Takeaways πΈ Dollar rebounded from a 13-month low against the euro π Concerns about a weakening U.S. economy and potential rate cuts have weakened the dollar π Traders are pricing in a 27% probability of a 50 basis point rate cut next month π£οΈ Federal Reserve Chair Jerome Powell’s comments on Friday will provide … Read more
Key Takeaways: π· The pound reached a 13-month high against the dollar, while the euro also held close to a similar peak. π Weakness in the U.S. dollar due to a dovish Federal Reserve has supported both currencies. πͺπΊ Eurozone wage growth slowed sharply, potentially paving the way for an ECB rate cut in September. … Read more
Key Takeaways πΆ Euro is holding steady near a 13-month high against the dollar π Euro weakened after German business activity contracted in August but rebounded after strong euro zone data πͺπΊ Euro zone wage growth data will impact upcoming European Central Bank policy decisions π¬π§ Pound remained steady at a 13-month high against the … Read more
Key Takeaways: π΅ Dollar is trading near a one-year low against euro and sterling π Fresh signs of U.S. job market weakness support case for interest rate cuts ποΈ Fed officials leaning towards interest rate cut at September meeting π Traders anticipate a 38% probability of 50 basis point cut in September π£οΈ Markets await … Read more
Key Takeaways: π΅ Rupee weakened slightly against the U.S. dollar π Importers contributing to rupee pressure due to high dollar demand πΈ Foreign outflows from Indian equities exceeding $2 billion in August πΊπΈ Fed likely to cut interest rates in September and possibly twice more this year π Dollar/Rupee forward premiums on the rise in … Read more
Key Takeaways: π΅ Most Asian currencies weakened as dollar recovers from 3 days of losses π Growing anticipation of interest rate cuts by the Federal Reserve impacting market sentiment π―π΅ Japanese yen softens after a week of gains, still buoyed by positive economic data π Sentiment towards U.S. dollar shifts with bets on September interest … Read more
Key Takeaways πΉ The euro has reached its highest point against the dollar this year π The euro is the second best performing major currency versus the dollar in 2020 π¦ Rate differentials play a key role in the strength of the euro πΊπΈ U.S. Federal Reserve rate cuts and ECB easing may impact the … Read more
Key Takeaways: π΅ Dollar gains due to rising geopolitical tensions and safe-haven appeal π¬π§ Pound slips after Bank of England cuts interest rates πΌ Fed Chair Jerome Powell hints at possible interest rate cuts in September π Three 25-basis-point rate cuts by the Fed expected by year-end π Friday’s jobs report for July expected to … Read more