Key Takeaways: 💰 Russia has eased forex sales requirements for exporters if contracts are paid in roubles 📜 President Putin signed a decree in October mandating reintroduction of capital controls 📉 Controls affected companies in various industries like fuel, energy, metal, chemical, timber, and grain 💸 Exporters were required to deposit 80% of foreign currency … Read more
Key Takeaways: 💰 UBS cautious about NZD due to challenging economic outlook 🐄 Dairy prices recovery may improve industry forecasts 🏦 RBNZ considers rate hike, adjusts OCR forward track 📊 UBS expects higher government bond issuance and interest rate cuts 📉 Technical indicators show waning momentum for NZD 📉 Reduced economic growth projections for 2024 … Read more
Key Takeaways 💵 The U.S. dollar rebounded slightly in early European trade 📉 Euro slipped after German retail sales fell more than expected in April 📈 Markets are pricing in a 55% chance of rate cuts in September 🇺🇸 U.S. economy grew at a 1.3% annualized rate in Q1 📊 Dallas Fed President cautions against … Read more
Key Takeaways 💵 Asian currencies weakened following disappointing Chinese PMI readings 📉 Dollar steadied in anticipation of key inflation data 📈 Dollar index and futures rose in Asian trade 📊 Chinese yuan rose as PMI data showed deterioration in business activity 💰 Bets on increased stimulus spending from Beijing to support growth 🇨🇳 Downbeat Chinese … Read more
Key Takeaways 📉 Dollar fell on Thursday after slower GDP growth report 📉 Downward revision in consumer spending contributed to the slower GDP rate 📈 Recent softness in retail sales and equipment spending eased bets on Fed interest rate cuts 🧮 Personal Consumption Expenditures price index on Friday could impact Fed rate cuts decision 📅 … Read more
Key Takeaways: 💵 JPMorgan noted a depreciation of the dollar in May after significant long positions at the end of April 📉 Currency-only hedge funds had a more modest long dollar stance in April compared to January 🌐 A broader range of macro managers maintained a heavier long-dollar base at the end of the month … Read more
Key Takeaways: 💵 Dollar fell after revised data showed slower GDP growth in the US 📉 Downgrade in first-quarter growth contributed to easing bets on Fed interest rate cuts 📈 Long-term Treasury yields above 4.6% boosted U.S. debt attractiveness and pushed the dollar higher 💴 Dollar was down against the Japanese yen, near a critical … Read more
Key Takeaways: 💸 India’s Rupee is considered a defensive option in emerging market foreign exchange 📈 Goldman Sachs believes the Rupee will outperform other emerging market currencies 🔍 Indian Rupee’s resilience is attributed to strong economic fundamentals and relatively low external vulnerabilities 🇮🇳 The Indian Rupee is considered a stable currency in terms of exchange … Read more
Key Takeaways: 💵 Dollar fell slightly as U.S. Treasury yields stabilized 📉 Long-term Treasury yields decreased after a rise 🇪🇺 Euro up 0.2% at $1.082 after touching a two-week low 🇯🇵 Dollar down 0.6% against the Japanese yen 🇨🇭 Swiss franc rose approximately 0.7% due to potential SNB intervention 📈 Expectations for Fed interest rate … Read more
Key Takeaways 💵 Dollar traded around a two-week high as U.S. bond yields surged 📈 Two-day jump in long-term Treasury yields pushed the dollar higher 📉 Euro dropped as U.S. yields rose, hitting a two-week low 🇯🇵 Yen was the biggest mover in Europe, with the dollar down against Japanese currency 🇬🇧 Sterling fell but … Read more