Key Takeaways: 💹 Japanese yen rallies against the dollar, hitting a 2-1/2-month high 📉 Global stocks plunge, leading investors towards safe assets like Swiss franc and Japanese currency 📈 U.S. economy expands faster than expected in the second quarter 💱 Market pricing reflects expectations of Fed rate cuts in September 📊 U.S. jobless claims consistent … Read more
Key Takeaways 💵 U.S. dollar gains strength after better-than-expected economic data 📈 GDP grew at a rate of 2.8% in the second quarter 📉 Inflation slowed down during the same period 📊 Dollar index slightly down at 104.32 after the data 💹 Futures on S&P 500 and Nasdaq-100 are higher after better-than-expected GDP data 📉 … Read more
Key Takeaways: 💰 Traders flock to yen amid global stock plunge 📉 U.S. dollar slips on bets for Federal Reserve rate cuts 📉 Dollar index down as yen rally impacts China’s yuan 💵 Swiss franc benefits from unwinding of carry trades 🇪🇺 Euro slightly up while sterling down ahead of Fed rate cut expectations 💹 … Read more
Key Takeaways 💵 Dollar slipped ahead of GDP data 📈 Euro rose despite German business morale decline 🇯🇵 Yen surged to multi-month highs 🏦 Fed expected to keep rates steady but signal a future cut 🌏 General concerns over global economic growth, including China’s economic recovery 💹 Earnings misses and US economic growth concerns are … Read more
Key Takeaways: 💹 Long positions on the Singapore dollar are at their highest since early April 2023 📉 Bearish bets on the Malaysian ringgit fell to levels seen in April last year 📈 Monetary Authority of Singapore (MAS) is not expected to ease policy settings 🛡️ Singapore’s triple-A sovereign credit rating makes it a safe … Read more
Key Takeaways: 💸 The RBI may prefer mild rupee weakness to correct overvaluation 📉 BofA expects the rupee to decline to 84 to the U.S. dollar by the end of the year 📊 The trading range for the rupee has slightly weakened this month 💹 The RBI’s dual-sided intervention has kept the rupee’s volatility in … Read more
Key Takeaways 🛡️ Yen received safe-haven support amidst risk aversion sentiment 💹 Yen strengthened against major currencies due to carry trades unwinding and risk aversion 📈 Speculation about BOJ rate hike next week led to yen short positions closing 📈 Abandoning of short yen bets ahead of Bank of Japan meeting 💵 Dollar slightly fell … Read more
Key Takeaways: 💰 Japanese officials are implementing novel FX intervention tactics to strengthen the yen 📉 The yen has strengthened by almost 4% this month due to intervention 🔄 Traders are shifting to a more bullish stance on the yen in the derivatives market 🛑 The prospect of unpredictable intervention has made speculators with bearish … Read more
Key Takeaways 💵 Dollar fell to its lowest in over two months against the yen 📈 Yen rose against the euro amid narrowing yield differentials 📊 Dollar index fell to 104.35 🌐 Global growth concerns impacting market sentiment 🇺🇸 U.S. PMIs were fairly positive 🏦 BOJ likely to debate raising rates and reducing bond purchases … Read more
Key Takeaways 💹 Dollar fell to lowest in over two months against yen as carry trades unwound 📉 Yen rose to highest since mid-May against euro 📊 Dollar index down 0.34% at 104.12; S&P Global reported PMI Output Index at 55.0 💱 Japanese central bank likely to debate interest rate increase at July meeting 📉 … Read more