Key Takeaways: 💸 The Canadian dollar weakened against the U.S. dollar due to greenback gains and Bank of Canada’s potential interest rate cuts 📈 The U.S. dollar saw strength following a delay in interest rate cuts by the Federal Reserve despite mixed inflation reports 🏦 Bank of Canada Deputy Governor Sharon Kozicki hinted at further … Read more
Key Takeaways: 💰 New US sanctions caused Russia’s leading exchange to halt dollar and euro trading 📊 Russian central bank set official rouble-dollar rate at 88.21 for Friday 🛑 Suspension of trading in US dollars and euros on MOEX due to sanctions 💵 US aims to cut money flow to sustain Russia’s war in Ukraine … Read more
Key Takeaways: 💵 Dollar gained due to hawkish Fed tone 📉 U.S. inflation cools in May 📉 PPI fell 0.2% in May, CPI softer than expected 🏦 Fed officials forecast only one interest rate cut this year 📈 U.S. currency rebounded despite cooling inflation 🇪🇺 European Central Bank and Bank of Canada cutting rates 🇪🇺 … Read more
Key Takeaways: 💵 The dollar gained ground after the Federal Reserve forecasted only one rate cut this year, despite softer U.S. inflation data. 📉 The yen faced pressure ahead of the Bank of Japan meeting, with traders expecting volatility. 🔄 Inflation in the U.S. remained at a high annual rate of 3.4%, impacting market reactions. … Read more
Key Takeaways 💹 Dollar Index traded 0.3% lower after U.S. inflation report 📊 Federal Reserve left funds rate on hold with expectation of 1 cut this year 📈 EUR/USD rose as traders looked at regional inflation data 💱 GBP/USD fell after rising with U.S. inflation data release; U.K. CPI to be released next week 🏛️ … Read more
Key Takeaways: 💲 Major currencies gained against a weaker U.S. dollar after softer U.S. inflation 📈 Euro rose 0.6% to above its 200-day moving average 🇦🇺 Aussie dollar rose above $0.67, New Zealand dollar at a five-month high above $0.62 📉 Yen down by about 0.2% 🇬🇧 Sterling rose 0.5% to $1.2798 📊 Market pricing … Read more
Key Takeaways: 💵 Most Asian currencies weakened due to forecasts of fewer interest rate cuts by the Federal Reserve 📊 The BOJ is expected to keep rates steady but may scale back bond purchases to tighten policy ⚖️ BOJ’s potential policy tightening may offer support to the yen, but doubts exist due to economic weakness … Read more
Key Takeaways 💵 Dollar Index dropped 0.4% ahead of Fed meeting and CPI data 📈 U.S. currency in demand after strong jobs report, less expectation for Fed rate cuts 📉 May CPI expected to rise 0.1% on the month, annual rise of 3.4% 📊 Focus on Fed meeting for interest rate forecasts and inflation objective … Read more
Key Takeaways: 💰 Most Asian currencies stable on Wednesday, dollar steady as traders cautious before Fed meeting and inflation data 🌏 Fears of renewed U.S.-China trade tensions impact sentiment in Asia 🇨🇳 Chinese yuan near six-month highs amid reports of increased U.S. trade scrutiny 📉 Concerns over sluggish Chinese economic recovery due to middling inflation … Read more
Key Takeaways 💵 The dollar reached a four-week high ahead of the US inflation report, which is expected to impact the timing of the first rate cut by the Federal Reserve. 📊 Strong jobs gains and wage inflation in the US raised concerns about sticky inflation and lower probability of rate cuts. 📉 Expectations of … Read more