Key Takeaways: 💹 Most Asian currencies advanced as dollar weakened ahead of key payrolls data 🇯🇵 Japanese yen strengthened sharply amid speculation of government intervention 🇬🇧 British pound firmed with Labour party expected to win in UK general election 💵 Dollar index and futures sank to three-week lows due to interest rate cut expectations 🛑 … Read more
Key Takeaways: 💵 Weak economic data raises expectations of interest rate cuts by the Federal Reserve 📉 Dollar index traded 0.2% lower at 104.900 in early European trade 🧐 Traders pricing in nearly 66% chance of a September rate cut 🔮 Speculation on U.S. presidency impact on Fed easing policies 📆 U.S. celebrating Independence Day … Read more
Key Takeaways: 💵 Dollar fell to a three-week low after weaker economic data 📉 Dollar index dropped to 104.14, lowest since mid-May 📈 Euro gained 0.5% versus the dollar 🏦 ECB is almost certain to cut rates after meeting on Thursday 🇬🇧 Sterling rose following U.S. manufacturing data 📈 Some policymakers emphasized the need for … Read more
Key Takeaways: 💸 Dollar slips in early European trade due to weak economic data raising expectations of Fed rate cuts 🇪🇺 Euro benefits from dollar weakness and may struggle amid political uncertainty 🇬🇧 Pound gains as U.K. general elections take place, Labour Party expected to win majority 🇯🇵 USD/JPY trades lower amidst potential government intervention … Read more
Key Takeaways: 💰 Most Asian currencies strengthened as expectations of Federal Reserve interest rate cuts weakened the dollar ⚠️ A delicate yen situation due to potential government intervention kept traders cautious 🇯🇵 Traders anticipated potential intervention by the Japanese government during low trading volumes around the July 4 U.S. market holiday 📉 Dollar index and … Read more
Key Takeaways: 💰 Rupee is expected to trade in the narrowest range in about 30 years due to RBI’s actions 📉 Koo, once hyped as Twitter’s Indian rival, is shutting down ⚠️ Short selling in emerging markets like India, as seen in the Adani-Hindenburg saga, is risky 👥 Sebi’s signals towards investor interests may be … Read more
Key Takeaways: 💹 Japanese yen near weakest levels in 38 years 📉 USDJPY at 161.50, close to its highest level since 1986 ⚠️ Speculation of government intervention to stem yen’s decline 📉 Intervention expected to only temporarily halt yen’s decline 💰 Low liquidity conditions during U.S. holiday could prompt intervention 📉 High U.S. interest rates … Read more
Key Takeaways 💴 Yen hit a 38-year low against the US dollar and all-time low versus the euro 💵 Dollar weakened due to softer-than-expected US economic data 🇺🇲 The euro remained strong amidst high inflation in the EU 💱 Euro reached a three-week high against the dollar 📉 US economy slowing down, sparking rate cut … Read more
Key Takeaways: 🇺🇸 The dollar edged lower against a basket of currencies due to dovish comments from Federal Reserve Chair Jerome Powell 🌍 The euro remained resilient supported by stubbornly high local inflation 🗳️ Sterling was steady ahead of the UK election 🉐 Markets challenging Japanese authorities to intervene in the FX market 📝 Speculation … Read more
Key Takeaways: 💵 Japan introduced new banknotes with 3D holograms to deter counterfeiters 🏦 Banknotes feature portraits of figures representing finance, women’s education, and technology 🔍 New banknotes employ printed patterns to create holographic images 📈 Economy of Japan transitioning to a growth-driven phase for the first time in three decades 🚉 Businesses upgrading payment … Read more