Key Takeaways 💵 Dollar struggles for direction and euro close to a 1-1/2-month low 📈 Sterling rises after strong British service inflation data 📉 Greenback drops due to lackluster economic activity and potential Fed rate cuts 🌍 Euro remains stable despite concerns of budget crisis risks in Europe 🏴 Markets expect Bank of England to … Read more
Key Takeaways 💱 Sterling has strengthened against both the Euro and Dollar after the UK inflation data 📈 The Pound rallied as investors raised bets on Bank of England interest rate hike 🇬🇧 UK inflation unexpectedly rose to 3.1% in August, pushing Sterling higher 💼 Bank of England is expected to raise interest rates soon … Read more
Key Takeaways 💷 Sterling saw a slight increase after the release of UK inflation data 📈 Inflation figures were higher than expected, which supported the pound 🇬🇧 UK consumer prices rose 0.7% in March, exceeding forecasts 💷 British inflation returned to the Bank of England’s 2% target in May 📉 Annual consumer price inflation dropped … Read more
Key Takeaways: 💰 Political and monetary changes are causing volatility in the euro, Swiss franc, and Japanese yen 🔍 The euro weakened due to the French elections, while the Swiss franc strengthened 📊 Impact of French elections on euro may be less significant than initially feared 🏦 Bank of Japan’s ultra-loose policy change expected to … Read more
Key Takeaways 💵 U.S. economy showing signs of slowing 📉 Dollar index fell to a three-week low 🌎 Markets questioning U.S. outperformance 🏦 Fed funds futures show increased chances of rate cut in September 🏛️ ECB meeting expected to announce rate cuts 📈 Sterling gains against dollar 🇮🇳 Indian rupee rises against dollar 🇲🇽 Peso … Read more
Key Takeaways 💵 Dollar weakened against the euro after US retail sales data showed signs of consumer exhaustion 🛍️ Slowdown in US retail sales growth due to higher prices and interest rates affecting consumer spending habits 📉 Possibility of Federal Reserve rate cuts later in the year based on softer retail sales report 🌍 Impact … Read more
Key Takeaways: 💵 Retail sales data showed signs of exhaustion among U.S. consumers, boosting the case for future Federal Reserve rate cuts 📉 Sales growth is slowing as higher prices and interest rates impact household budgets 🏦 Dollar was up against a basket of currencies, with Fed Funds futures implying a 67% probability of at … Read more
Key Takeaways: 💵 Dollar edged higher while euro dipped as traders awaited U.S. retail sales report 📉 Greenback pulled in different directions due to mild U.S. inflation readings and Fed’s hawkish stance 🇪🇺 Sharp euro selloff followed Macron’s snap election announcement 📈 Euro stabilized after previous decline but fears of ‘Frexit’ overblown 📊 U.S. retail … Read more
Key Takeaways: 💵 Dollar Index edged 0.2% higher today 📊 U.S. currency has seen volatile trading over the last week 🔄 Philadelphia Fed President predicted one interest rate cut this year 🇪🇺 EUR/USD fell 0.1% due to political turmoil in Europe 💹 Eurozone May consumer price index expected at 2.6% 🇬🇧 GBP/USD fell 0.2% ahead … Read more
Key Takeaways: 💵 Dollar edges higher as traders eagerly wait for news on Fed rate cuts 📊 U.S. dollar index rose in Asian hours, but lost some ground after hitting a 1 1/2-month high 📉 Sharp euro selloff driving dollar index rally, linked to Macron’s snap election announcement 🏦 Dollar’s safe haven appeal keeping it … Read more