Key Takeaways: 💵 Dollar Index trading higher at 105.365 🇺🇸 Fed officials not eager to cut interest rates 💲 Dollar is set for a third consecutive weekly rise with support from hawkish Federal Reserve comments 💵 U.S. dollar rose to new highs with the Federal Reserve being more hawkish than European counterparts 📉 GBP/USD falling … Read more
Key Takeaways: 💱 Japan was added to the U.S. Treasury’s foreign exchange monitoring list 📉 China remains on the monitoring list due to trade surplus and lack of transparency in foreign exchange policies 🇯🇵 Japan intervened in foreign exchange markets in April and May 2024 to strengthen the yen 🔍 Treasury is closely monitoring China’s … Read more
Key Takeaways: 💵 Dollar rose to a seven-week high against the yen 🇺🇸 U.S. economy showing signs of cooling 📈 Traders await more data for potential Federal Reserve rate cut 🇯🇵 Yen markets rattled by Bank of Japan’s dovish stance 🇪🇺 Euro and 🇬🇧 Sterling fell, boosting dollar index ➡️ Dollar index rose on mixed … Read more
Key Takeaways: 💵 Japan has been added to the U.S. Treasury’s foreign exchange monitoring list. 📊 The criteria for countries to be added to the list include a trade surplus, global account surplus, and net foreign exchange purchases. 💱 China remains on the monitoring list due to a lack of transparency in foreign exchange policies … Read more
Key Takeaways 💰 South African rand weakened by 0.6% against the dollar 📉 Rand had initially weakened over 1% against the dollar 🤔 Investors cautious ahead of President Cyril Ramaphosa’s cabinet appointments 📈 Longer-term momentum for the rand suggests further gains 📉 Top-40 index on the stock market closed 0.72% lower 📉 Rand traded weaker … Read more
Key Takeaways 💰 The dollar rose, while the Swiss franc and pound dropped due to central bank meetings 🇬🇧 The pound slipped after the Bank of England kept interest rates unchanged ⚖️ The decision was described as a "dovish hold" by policymakers 🔒 The Swiss franc fell after the Swiss National Bank lowered interest rates … Read more
Key Takeaways: 💵 U.S. dollar edged higher, while sterling slipped ahead of BOE meeting 📈 Dollar Index traded 0.2% higher at 105.122 🏦 Bank of England expected to keep interest rates unchanged 🇪🇺 Euro weakened due to political instability in the region 🇨🇭 Swiss National Bank reduced key interest rate by 25 basis points 🇯🇵 … Read more
Key Takeaways: 💰 Rand edged lower ahead of President Ramaphosa’s cabinet appointments 🇿🇦 Political parties forming unity government led to rand strengthening 📊 Markets interested in cabinet appointments for economic impact 📈 Top-40 index on stock market up 0.2% 📉 Benchmark 2030 government bond weaker with increased yield 🇿🇦 Investors are closely monitoring the composition … Read more
Key Takeaways: 💷 The British pound remained stable ahead of the Bank of England’s rate-setting meeting 🇺🇸 The dollar slightly strengthened as traders awaited market catalysts 📉 The Swiss National Bank is expected to trim its key policy rate, impacting the Swiss franc 📈 New Zealand’s economy grew faster than expected in the first quarter, … Read more
Key Takeaways: 💷 The British pound remained steady ahead of a rate decision from the Bank of England (BoE) 🌐 Currencies were trading in tight ranges following a holiday in the United States 💵 The dollar slipped against the yen while remaining close to a one-month low 📉 The Swiss National Bank (SNB) is expected … Read more