Key Takeaways: 💰 The Bank of Israel is committed to creating a digital shekel currency for improved payments and innovation 🌍 134 countries are exploring digital currencies to eventually replace cash 📱 The BOI has been experimenting with a digital shekel and invited companies to participate in the project 🏦 The digital shekel could provide … Read more
Key Takeaways: 💵 Dollar stabilizes near a three-week low after Powell’s testimony ⚖️ Market interprets Powell’s comments as preparation for a September rate cut 🇫🇷 Euro faces political uncertainty with shock leftist alliance win in French elections 📉 Chinese consumer confidence weakens as CPI inflation shrinks in June 🏦 RBNZ keeps rates steady but hints … Read more
Key Takeaways 💵 Dollar index and futures recovered in Asian trade after Powell’s comments 🇳🇿 New Zealand dollar weakened due to dovish RBNZ tone 🇯🇵 Japanese yen remained fragile with slight increase against USD 🇨🇳 Chinese yuan weak with little confidence in consumer spending 🇦🇺 Australian dollar rose slightly against the USD 🇰🇷 South Korean … Read more
Key Takeaways: 💰 Mexico’s peso is down 6% this year due to domestic factors. 🇺🇸 Trade relations between the US and Mexico may face challenges such as tariffs and investment uncertainties. 🤝 Personal relationships with Latin American leaders could impact funding requests from organizations like the IMF. 🇻🇪 Venezuela’s future hinges on the upcoming presidential … Read more
Key Takeaways: 💵 Dollar Index rose ahead of Powell testimony 📉 Chance of rate cut in September at 76% 📊 More insight on U.S. interest rates expected from consumer inflation data 🌍 Global market uncertainty impacting currency movements 💼 Investors keeping a close eye on central bank announcements 📈 Investors are closely watching for clues … Read more
Key Takeaways: 💵 Most Asian currencies edged lower on Tuesday as dollar gained strength before Powell’s testimony 📉 Yen remained weak around 38-year lows 🔔 Concerns over European import tariffs on China persist, raising fears of a trade war 🇯🇵 Weak Japanese economic readings continue to hinder yen’s performance 🇨🇳 Chinese yuan struggles amid fears … Read more
Key Takeaways: 💵 Dollar remains stable ahead of key inflation data 📊 Odds for Fed rate cut increase to 76% 🇪🇺 Euro gains as traders analyze French election results 🇬🇧 Pound rises after Labour Party victory in UK elections 🗣️ Bank of England officials to start public speaking after elections 🇯🇵 Yen weakens as Japanese … Read more
Key Takeaways: 💹 Most Asian currencies stable on Monday, dollar weak 🌍 Euro steady after leftist coalition wins French election 🛡 Asian currencies cautious due to China-EU trade war concerns 💵 Dollar index near one-month low, focus on Fed Chair testimony 💰 Japanese yen gains on stronger average wages, potential for interest rate hikes 🇨🇳 … Read more
Key Takeaways: 💼 Keir Starmer inherits a weak economy with slow growth and stagnating living standards 📉 Recovery from COVID pandemic in the UK has been weaker than other big rich nations 💰 Tough economic challenges ahead despite Labour’s majority in parliament ⏳ Turnaround will take time with no quick fixes available 🌍 Challenges from … Read more
Key Takeaways: 💵 The U.S. dollar weakened ahead of the key monthly jobs report 🇬🇧 Sterling rose after U.K. general election results, with the Labour Party gaining power 📊 Expectations are for a Fed rate cut due to cooling U.S. economy 🇫🇷 Euro gained ahead of French parliamentary elections, with far-right unlikely to win majority … Read more