Key Takeaways: 💵 Dollar fell to three-week low after weaker U.S. economic data 🇪🇺 Euro gained 0.5% versus the dollar 🏭 U.S. manufacturing sector shrank in 18 of the last 19 months 📉 U.S. dollar posted its first monthly decline of the year in May 💶 Eurozone’s ECB is expected to cut rates in its … Read more
Key Takeaways: 💵 Dollar weakened to one-month low after softer-than-expected inflation data 📉 Japanese yen strengthened sharply amid speculation of government intervention in currency markets 🇪🇺 Euro and British pound remained stable against the dollar, with pound buoyed by strong economic growth data 📈 Dollar index and futures steadied after tumbling to one-month low 🏦 … Read more
Key Takeaways 📉 Most Asian currencies weakened on Friday amid yen volatility and government intervention speculation 💹 Dollar steadied at one-month low due to soft CPI data, sparking interest rate cut optimism 🇨🇳 Chinese yuan weakened slightly despite better-than-expected trade surplus and export surge 🔍 Questions over Japanese government intervention in currency markets remain 📊 … Read more
Key Takeaways 💴 Japanese yen strengthened sharply against the USD on Thursday, causing the USDJPY pair to drop to a near one-month low 📉 Weak consumer price index data in the U.S. impacted the strength of the dollar 💱 Speculation of potential government intervention in the currency markets, particularly in Japan 📈 Expectations for a … Read more
Key Takeaways: 💹 Japanese yen surged nearly 3% in its biggest daily rise since late 2022 🔥 Traders on alert for Japanese intervention due to scale and speed of move 📈 Several experts suggest movement driven by weak US CPI and market positioning 💼 Market focus on hedging strategies for corporates due to JPY movement … Read more
Key Takeaways: 💰 Japanese yen surged nearly 3% in its biggest daily rise since late 2022 due to official buying. 📉 Dollar dropped to 157.40 after U.S. consumer inflation data. 🚨 Traders are alert to the possibility of Japanese intervention in the currency market. 📊 Yen movements not in line with fundamentals, officials might have … Read more
Key Takeaways 💰 Japanese yen surged by the most since late 2022 in response to weak U.S. consumer inflation 📉 Dollar dropped by 2.5% against the yen, largest daily decline since 2022 📈 Market strategists suggest the dollar’s fall is due to fundamentals, not intervention 🔁 Yen movement could be a result of short-term positioning … Read more
Key Takeaways 💵 Dollar Index fell to its lowest level since mid-June at 104.552 🇺🇸 Federal Reserve Chair Powell reiterated outlook for soft landing for U.S. economy 📉 Upcoming June CPI release in focus, signs of easing inflation may lead to rate cut bets 🇬🇧 GBP/USD rose to highest level since early March after strong … Read more
Key Takeaways: 📈 Most Asian currencies rose as dollar lost ground 📉 Japanese yen continued to lag its peers 📊 Dollar index fell in Asian trade 🔍 Focus on upcoming CPI inflation report 💱 Broader Asian currencies firmed on prospect of U.S. rate reduction 💰 Australian dollar rose despite cooling inflation expectations 🍨 Masako Minaguchi … Read more
Key Takeaways: 💼 London surpassed Paris as Europe’s top region for new FDI in 2023 📈 London attracted 359 FDI projects in 2023, with growth in technology and financial services 📉 Wales, Northern Ireland, and East Midlands experienced significant drops in FDI projects 🏗️ Progress in different UK regions highlights the need to enhance national … Read more