Key Takeaways 💰 Dollar gained on Thursday due to rising geopolitical tensions and safe-haven appeal 🇬🇧 Pound slipped after Bank of England cut interest rates from a 16-year high 🌍 Concerns about conflict in Middle East intensified after Hamas leader assassination 📉 Traders fully pricing in three 25-basis-point rate cuts from Fed by year-end 📊 … Read more
Key Takeaways: 💹 SNB may engage in prolonged monetary easing due to Swiss franc’s strength and unexpected inflation slowdown 📉 Swiss inflation fell to 1.1% in August, below SNB’s 1.5% projection 🌍 Concerns arise about harm to exporters and economy from franc’s appreciation 💱 Real effective exchange rate of Swiss franc at cyclical peak affecting … Read more
Key Takeaways: 💰 Major Russian banks urge central bank action to counter yuan liquidity deficit 📉 Rouble tumbles to lowest level against yuan since April 🔄 Central bank’s daily yuan sales set to plunge to $200 million 🚫 Chinese banks in Russia avoid currency trading due to fear of secondary Western sanctions 🤝 Russia and … Read more
Key Takeaways: 💰 US dollar has stabilized after August fall 📉 US currency still down 1.6% over the month 🐻 Bank of America sees three reasons to stay bearish on Dollar Index 📉 DXY index fell an average of 4% in previous bearish episodes 💹 Broad USD trade-weighted indices suggest USD remains overvalued 🌍 USD … Read more
Key Takeaways: 💵 The Indian rupee ended at a record closing low but stayed almost flat due to central bank intervention 🔄 The Reserve Bank of India sold dollars to prevent the rupee from falling below the crucial 84 level 📉 Weak U.S. job opening data increased the likelihood of a 50-basis-point Federal Reserve rate … Read more
Key Takeaways: 💵 Dollar Index down 0.2% to 101.139 🇺🇸 Weak U.S. economic data may lead to aggressive interest rate cut 🌍 Eurozone sees positive German industrial orders data 📉 45% chance of Fed cutting rates by 50 basis points 📊 Data discrepancies may affect EUR/USD movement 💰 US dollar weakened against major currencies due … Read more
Key Takeaways: 💰 Indian rupee hit a lifetime low against the US dollar due to heavy demand 📉 Rupee fell to a record low of 83.9850 🏦 Central bank intervention prevented even larger losses on the rupee 🌐 Dollar’s weakness due to dovish Federal Reserve bets 📱 Platform used by traders and investors for investing … Read more
Key Takeaways: 💱 The Indian rupee is near a lifetime low against the U.S. dollar 🏦 The Reserve Bank of India is intervening to support the rupee 📉 Rupee faces depreciation due to a shrinking balance of payments 🔄 Central bank has sold over $2 billion to stabilize the rupee 💰 Balance of payments surplus … Read more
Key Takeaways 💵 RBI selling U.S. dollars to prevent rupee weakening past 84 level 📉 Rupee quoting at 83.9675 per U.S. dollar 🔄 Rupee not finding relief from Asian cues, needs RBI assistance 🌏 Other Asian currencies higher due to expectations of Federal Reserve rate cut 💰 The rupee was trading at 83.9675 per U.S. … Read more
Key Takeaways: 💸 Dollar weakened against major currencies after softening labor market signaled potential interest rate cuts by the Federal Reserve 📉 Dollar slipped against yen as global financial markets favored safe-haven assets 📊 Job openings data impacting Fed rate cut decisions 📉 U.S. stocks remain weak amid concerns about the economy and tech sector … Read more