Key Takeaways: 💵 US dollar strengthening for second straight quarter 🇪🇺 Euro facing political uncertainty with French elections 🤷♂️ Japanese yen on intervention watch 📉 US dollar index up nearly 5% this year 📈 Dollar in demand amid reduced rate cut expectations 🇬🇧 UK GDP grows more than expected by 0.7% in Q1 📊 French … Read more
Key Takeaways: 💹 Asian currencies stuck in tight range as dollar hovers near two-month highs before key data 📉 Japanese yen weakens further, prompting concerns of government intervention 🇨🇳 Weak sentiment towards China impacting regional markets with yuan at weakest level since October 💱 USDJPY pair rises above government intervention levels, raising doubts over Bank … Read more
Key Takeaways: 💶 Euro has been struggling due to political uncertainty in Europe 📉 Deutsche Bank predicts EUR/USD to fall to $1.05 by the end of the year 🇺🇸 US events, specifically an aggressive protectionist trade policy, may push the euro to parity against the dollar 🏛️ Political uncertainty in Europe impacting long-term competitiveness and … Read more
Key Takeaways 💵 The dollar fell to a three-week low due to weaker U.S. economic data. 📉 U.S. manufacturing and construction spending data showed signs of economic slowdown. 🌍 Markets are questioning the strength of the U.S. economy compared to the rest of the world. 🏦 The Federal Reserve is expected to cut interest rates … Read more
Key Takeaways 💸 Uncertainty in Europe and potential aggressive trade policies in the U.S. may impact EUR/USD 📉 Deutsche Bank forecasts EUR/USD falling to $1.05 by end of year 🇺🇸 US election and trade policy could push EUR/USD to parity against the dollar 🌐 Political backdrop in Europe could negatively impact long-term competitiveness 💰 Euro … Read more
Key Takeaways: 💵 U.S. dollar weakened against most currencies due to soft economic data, hinting at potential Fed interest rate cuts 📉 Yen saw an increase in value, but still down for the month and year amid interest rate differentials 📊 U.S. economy showed signs of slowdown in first quarter with lower GDP and weak … Read more
Key Takeaways 💵 The US dollar weakened after softening economic data 📉 Jobless claims decreased but number of people receiving benefits increased 📉 Capital goods orders dropped unexpectedly, hinting at weakening business spending 📈 GDP growth slowed in the first quarter, accompanied by weak consumer spending 🇯🇵 The yen saw a slight recovery after falling … Read more
Key Takeaways 💰 South African rand fell sharply following reports of discord over cabinet posts between the Democratic Alliance party and President Ramaphosa 🤝 DA agreed to join ANC in government of national unity after the election ⚙️ Top ANC officials argued against the DA getting a ministry position 🔮 Financial markets are anxious over … Read more
Key Takeaways: 💵 U.S. dollar fell to a three-week low on weak economic data 📉 Dollar index dropped to 104.13, the lowest since mid-May 🇪🇺 Euro gained 0.5% against the dollar 🇬🇧 Sterling rose following U.S. manufacturing data 💸 Indian rupee rose to 2-1/2-month high against the dollar 💹 The EUR/USD outlook is bearish as … Read more
Key Takeaways: 💱 The yen is near a 38-year low against the dollar 📉 Dollar remains strong against a basket of currencies 🇺🇸 Yen being impacted by U.S. and Japan interest rate differentials 🪙 Japanese authorities considering intervention to strengthen the yen 🌍 Global currency markets remain subdued awaiting U.S. core PCE data on inflation … Read more