Key Takeaways: 💵 The Indian rupee had its worst single-day performance in nearly two months, closing lower against the U.S. dollar 📉 Rupee’s gains were erased due to dollar demand from importers and foreign banks 💼 Some exporters have refrained from dollar sales anticipating further rupee weakness, affecting overall dollar supply in the market 📊 … Read more
Key Takeaways: 💱 The dollar hit a year low against the euro 📊 Investors await revisions to U.S. employment data and a speech by Federal Reserve Chair Jerome Powell ⚖️ Concerns about the economy and U.S. non-farm payrolls data revisions are affecting the dollar 💼 Markets are sensitive to recession concerns and a revision of … Read more
Key Takeaways: 💸 Instant payments in Switzerland now allow credit transfers within 10 seconds of a payment being made 🚀 Use of instant payments in Europe has risen from 5.2% to 17.8% in recent years 🏦 Around 60 financial institutions in Switzerland can receive and process instant payments, with more expected to join by 2026 … Read more
Key Takeaways 💵 Nomura analysts forecast continued weakness in the U.S. dollar, especially in Asian markets due to macroeconomic factors. 📊 Market expectations regarding Fed’s interest rate path and U.S. economic outlook are shifting 🦷 "Dollar Smile" theory suggests USD does well in extreme economic situations 🛎️ Users are encouraged to engage in high-level discourse … Read more
Key Takeaways: 💸 Instant payment scheme launched in Switzerland on August 20, 2024 ⏱ Funds transferred in seconds, providing immediate execution and final settlement 🏦 Over 60 financial institutions participating, covering over 95% of Swiss retail transactions 🔄 All financial institutions in retail payments will be reachable by end-2026 🌐 Necessary technical conditions created for … Read more
Key Takeaways: 💹 Most Asian currencies steadied with the Japanese yen weakening 📉 Dollar wallows at seven-month lows amid rate cut bets 🛠️ Sustained unwinding in carry trade could negatively impact risk-driven markets 🌏 Regional currencies benefit from weakness in the dollar 📈 Traders bearish on greenback due to September interest rate cut expectations 💹 … Read more
Key Takeaways: 💹 Japanese yen witnessed a significant strengthening due to interest rate hikes by the Bank of Japan, leading to unwinding of the yen carry trade. 📊 Historical data suggests the yen could appreciate by 25% during carry trade unwinding, impacting corporate earnings in Japan. ⚖️ A 10% yen appreciation could result in a … Read more
Key Takeaways: 💸 Dollar hits a seven-month low 🌍 Euro reaches highest point of the year and up 2.4% for the month 📉 Swedish crown falls after central bank cuts rates and forecasts further easing in 2024 📊 Markets pricing in a 24.5% chance of a 50-bps rate cut in September 📈 Euro last at … Read more
Key Takeaways 💰 The rising prospect of a Democratic victory is unwinding "Trump trades" such as the bid in the dollar 📉 The dollar is continuing to weaken as Harris gains momentum in the race for the White House 📈 A post-convention bounce for Harris could further weaken the USD next week 🪟 Harris’s campaign … Read more
Key Takeaways: 💰 Dollar fell to lowest level since January as investors waited for U.S. payrolls data revisions and Powell’s speech 📉 Speculations about job data revisions causing concerns for U.S. economy and interest rate cuts 📊 Traders anticipating a 25-basis-point rate cut with around 75% probability in September 🕵️♂️ Powell’s comments at economic symposium … Read more