Key Takeaways: 💵 U.S. dollar softens near eight-month low 📉 U.S. inflation slows, leading to expectations of rate cuts by Federal Reserve 🇯🇵 Japanese economy expands by 3.1% in Q2, potential for rate hike 📊 Markets predict 25 bps cut by Fed in September, with further cuts expected 🛒 Focus shifts to U.S. retail sales … Read more
Key Takeaways 💵 Most Asian currencies traded in a tight range after U.S. consumer inflation data softened, pushing the dollar near a seven-month low 📊 Positive economic readings from Japan, Australia, and China boosted sentiment towards regional markets 📉 Dollar index futures remained close to a seven-month low, leading to speculation of a September rate … Read more
Key Takeaways: 💵 U.S. CPI rose moderately in July and annual inflation slowed below 3% for the first time since early 2021 📉 Expectations for a Federal Reserve interest rate cut next month have increased 💶 Euro strengthened, hitting near eight-month peak against the dollar 🇬🇧 Sterling failed to gain on weaker dollar, down slightly … Read more
Key Takeaways: 💸 Dollar lost ground against major peers, boosting euro to an 8-month peak 📉 Subsiding U.S. consumer price index reinforces expectations for Fed rate cuts 📊 Inflation on a downward trend, giving Fed room to focus on labor market 🌍 Traders expecting rate cut in September, with bets for a 50 basis-point cut … Read more
Key Takeaways: 💶 The euro reached a seven-month peak against the dollar, showing strength in the currency market 📉 Traders are anticipating weaker U.S. consumer prices data and a potential Fed interest rate cut next month 💵 The dollar softened after lower-than-expected U.S. producer prices data, leading to increased bets for a 50 basis-point rate … Read more
Key Takeaways 💶 Euro reached a seven-month peak against the dollar, trading at $1.1023 💵 Dollar softened against various currencies ahead of U.S. inflation data release 🇬🇧 Sterling slipped as British consumer price inflation rise was smaller than expected 🥝 Kiwi fell after Reserve Bank of New Zealand reduced cash rate 🇯🇵 Japanese Prime Minister … Read more
Key Takeaways 💵 Dollar is near one-week low due to expected U.S. rate cut 📉 New Zealand dollar drops after Reserve Bank rate cut and dovish stance 💹 Euro hits seven-month high against dollar 📊 Sterling weakened on softer-than-expected inflation data 🇯🇵 Japanese Prime Minister Kishida’s announcement has limited market impact 💧 Futures trading activity … Read more
Key Takeaways 💱 Most Asian currencies strengthened as the dollar weakened following soft U.S. inflation data. 📉 The New Zealand dollar faced significant losses after an unexpected interest rate cut by the Reserve Bank of New Zealand. 🇯🇵 The Japanese yen retained most of its recent rally despite improved market sentiment. 📊 The dollar index … Read more
Key Takeaways: 💲 Dollar weakened against the yen and a basket of peers as markets await U.S. inflation data 📉 PPI report showed U.S. producer prices increased less than expected in July 📊 Consumer price index report on Wednesday will guide Fed’s interest-rate policy 📈 Currency markets rocked by sharp rally in yen leading to … Read more
Key Takeaways: 💰 Russian rouble weakened to a 10-month low against the dollar following Ukraine’s attack 📉 Rouble lost 6.2% since the start of the attack on Aug. 6 🔄 Trading in major currencies shifted to the OTC market due to Western sanctions 📉 One-day rouble-dollar futures down 0.4% on Moscow Exchange 📈 Central bank’s … Read more