Key Takeaways: 💹 The U.S. dollar is facing steep losses, while the yen is weakening. 📉 Global sell-off in stocks and high-yielding currencies is happening due to softer U.S. job data, disappointing tech firm earnings, and concerns about the Chinese economy. 🌍 Central banks’ divergent paths are causing market volatility. 🔍 Speculators’ bearish bets against … Read more
Key Takeaways: 📉 Most Asian currencies weakened slightly on Tuesday as the dollar steadied from a recent rout 💵 The Japanese yen fell from seven-month peaks 🏦 The Australian dollar firmed after the Reserve Bank of Australia kept rates unchanged and indicated a hawkish tone 🌍 Sentiment remains fragile in regional markets 🇯🇵 The Bank … Read more
Key Takeaways 💰 Weaker-than-expected U.S. jobs data and disappointing earnings reports have led to a global sell-off in stocks, oil, and high-yielding currencies as investors turn to cash for safety 📉 U.S. Treasury yields have been falling sharply following Fed Chair Jerome Powell’s hint at a possible rate cut in September, with stock indexes in … Read more
Key Takeaways: 💰 Mexican peso weakened against U.S. dollar due to U.S. recession fears 📉 Peso trading at 19.37 per greenback, down 1.1% 🌍 Global trade unwind led to peso’s fall 🇲🇽 Mexico’s economy impacted by U.S. economic developments ⚙️ Uncertainties in U.S. and Mexico affecting peso’s performance 🎙️ Radio Schuman offers relevant news and … Read more
Key Takeaways: 💵 U.S. dollar dropped to a 7-month low against a basket of peers 📉 Dollar sold off sharply against the Euro & the Japanese yen 📉 Weaker-than-expected U.S. jobs data & disappointing earnings reports affected markets 📉 U.S. Treasury yields fell further, stock indexes were in the red 💲 Fed fund futures show … Read more
Key Takeaways: 💰 Dollar slumps amid recession fears 📉 U.S. Treasury yields drop significantly 💵 Market expects U.S. Federal Reserve to cut interest rates in September 🗓 Wells Fargo projects two 50 basis-point rate cuts at upcoming meetings 🇨🇭 Swiss Franc and yen see safe-haven demand 📈 Swiss Franc soars to seven-month high against the … Read more
Key Takeaways 💹 Swiss franc rises to highest level against euro in nearly a decade 📉 Franc has increased by 3.5% against euro since U.S. Federal Reserve interest rate decision 🗓 Franc hits highest level since January 2015 when Swiss National Bank scrapped euro cap 🏦 Swiss National Bank declines comment on franc’s strength and … Read more
Key Takeaways: 💰 Japanese Finance Minister Shunichi Suzuki is closely monitoring exchange-rate moves after a stock market rout. 📉 Authorities aim for stable foreign exchange rates that reflect economic fundamentals. 🤔 It is challenging to determine the cause of stock declines according to Suzuki. 📉 Japan’s Nikkei stock average fell by 13% to a seven-month … Read more
Key Takeaways: 📉 Japanese yen surged to a 7-month high against the dollar 📉 Weak U.S. labor data causing recession worries and expectations of rate cuts 📉 Global sell-off in stock markets, oil, and high-yielding currencies 💰 Investors seeking safety in cash amidst market volatility 📉 U.S. Treasury yields falling, stock indexes in the red … Read more
Key Takeaways: 💹 Most Asian currencies moved in a tight range on Monday 📉 Japanese yen strengthened sharply on safe haven demand 🏦 Prospect of more interest rate hikes by Bank of Japan boosted yen 📊 Sentiment towards regional markets impacted by a sell-off in risk-driven assets 📈 Yen was the best performer in Asia … Read more