Key Takeaways: 💱 The yuan is on the rise due to broad dollar selling and investor bets on U.S. rate cuts 📈 Yuan climbs against the dollar, reaching 7.1314 per dollar 🌐 Weakening dollar contributes to yuan’s gain, pushing it back near daily trading band 💰 Yen strengthens against other currencies, putting pressure on the … Read more
Key Takeaways: 💵 The U.S. dollar declined broadly on Monday, particularly against the yen 📆 Main drivers of currency movement for the week include Fed’s July policy meeting minutes and Powell’s upcoming speech 🇯🇵 Big move lower against yen attributed to potential U.S. and Japan policy divergence 💥 Bank of Japan’s hawkish tilt last month … Read more
Key Takeaways 💱 The dollar fell against the yen on Friday as traders took profits and investors analyzed economic data to anticipate interest-rate cuts by the Federal Reserve. 📉 U.S. single-family homebuilding declined in July, reflecting muted market activity due to higher mortgage rates and house prices. 📈 Despite a daily decline against the yen, … Read more
Key Takeaways 💲 Dollar gains on rising geopolitical tensions and safe-haven appeal 💰 British pound slips after Bank of England cuts interest rates 🔥 Heightened Middle East conflict contributes to dollar’s strength 🇺🇸 Federal Reserve hints at possible interest rate cuts in September 📉 Sterling falls to lowest level since July 3 after BoE rate … Read more
Key Takeaways: 💵 Dollar softened against the yen as traders took profits and sifted through data 🏠 U.S. housing numbers were disappointing, impacting the greenback 📉 Dollar fell 1.04% against the Japanese yen 📊 Despite U.S. economic data easing recession fears, yen saw weekly decline 🌐 Corrective tone in the FX market with yen strong, … Read more
Key Takeaways: 💰 Bitcoin has risen 5.17% to $59,609 📈 Bitcoin is up 54.8% from the year’s low of $38,505 on January 23 🌐 Market sentiment towards Bitcoin appears positive at the moment 📊 Analysts suggest potential for further price gains in the future 💻 Investors remain optimistic about Bitcoin’s future prospects 💹 1000SATS, FTM, … Read more
Key Takeaways: 💹 Dollar is softer against the Japanese yen 📊 Risk-sensitive currencies like sterling are firm with improved economic outlook 📈 U.S. economic data eased fears of a recession, supporting bets of gradual Fed rate cuts 🔒 Traders expect Fed to cut rates on Sept. 18, but debate the size of reduction 💴 Yen … Read more
Key Takeaways: 💲 Yen set for biggest weekly decline since June against the dollar 📊 Improved U.S. economic data easing fears of recession and supporting bets of gradual Fed interest rate cuts 📈 Risk-sensitive currencies like sterling firm up due to improved economic outlook 📉 Market expects Fed rate cut on Sept. 18 but debates … Read more
Key Takeaways: 💲 The U.S. dollar declined following solid retail sales data, easing concerns about a looming recession 🏦 The Federal Reserve is expected to cut interest rates in September by 25 basis points 📈 Data points to GBP/USD rising on the back of stronger British retail sales 🌍 EUR/USD saw a slight increase, near … Read more
Key Takeaways: 💰 Citi predicts NZD to underperform amid US election uncertainty 📉 Increased risk avoidance expected as election nears, unfavorable for high-beta currencies 🏦 RBNZ’s monetary easing adds to asymmetrical risk facing NZD 📉 NZD may fall to USD0.58/NZD in the coming months 🇯🇵 NZDJPY analysis suggests long-term ceiling, rebounds unlikely to surpass 200-day … Read more