Key Takeaways: 💵 The dollar was steady due to expectations of high U.S. interest rates 📉 The yen hit a 34-year low against the dollar 🇮🇷 Iran launched a drone and missile attack on Israel 🤝 The dollar is seen as a safe-haven currency 💸 Investors reduced bets on Fed rate cuts 📈 Two-year Treasury … Read more
Market and Geopolitical Developments 💵 Dollar steadied on Monday after biggest weekly gain since 2022 📈 European policymakers signalled rate cut within a few months 👉 Yen marked a 34-year low against the dollar ⚔️ Escalating conflict in the Middle East affected financial markets 🇮🇷 Iran warned of strike on Israel leading to symbolic attack … Read more
Key Takeaways: 💵 Asian currencies weakened with the Japanese yen hitting 34-year lows 📈 Dollar at more than five-month highs due to safe haven demand and prospect of higher US interest rates 🇨🇳 Weak economic prints from China with worsened disinflation in March ⚠️ Guardedness among traders for potential Japanese government intervention in currency markets … Read more
Key Takeaways 💰 Bitcoin dropped 7.9% to $61,842 at 21:00 GMT on Saturday 📉 Bitcoin is down 16.2% from the year’s high of $73,794 on March 14 🪙 Ether fell 9.18% to $2,930 on Saturday 💸 Bitcoin fell by 7.9% to $61,842 at 21:00 GMT on Saturday 🔗 Ether fell by 9.18% to $2,930 on … Read more
Key Takeaways: 💸 Bitcoin price dropped by 7.1% to $62,346 📉 This represents a loss of $5,050 from the previous close 📉 Bitcoin is currently down by 15.8% from its 2021 high of $73,794 💥 Iran’s Revolutionary Guards operation ‘True Promise’ is seen as a punishment for Israeli crimes 🚨 President Joe Biden is being … Read more
Key Takeaways 💵 The US dollar rose moderately in choppy trading due to concerns about persistent inflation and the belief that the Federal Reserve will delay cutting interest rates. 📉 The dollar barely responded to the release of weaker-than-expected March U.S. producer prices and rebounded after an initial fall. 🇯🇵 The yen hit a 34-year … Read more
Key Takeaways: 💵 The US dollar rose due to concerns about persistent inflation and expectations of a slower rate cut by the Federal Reserve. 📉 Weaker-than-expected March U.S. producer prices did not relieve inflation fears. 🌍 In other currencies, the euro fell to a two-month low after the European Central Bank hinted at a rate … Read more
Key Takeaways: 💵 Higher oil prices support the dollar globally in the short term 🛢️ Oil shocks amplify USD-positive impact due to supply conditions 🌍 Oil prices influence USD strength due to supply shocks and inflation dynamics 🔒 Federal Reserve’s restrictive monetary policy contributes to USD impact 📉 BofA predicts a decline in dollar value … Read more
Key Takeaways: 💵 Dollar is strong against a basket of peers after U.S. inflation data 🇪🇺 Euro remains flat at $1.0748 after a 1% fall 🏦 Markets anticipating ECB rate cuts after hints from policy markers 🗣️ ECB aims to remain non-committal about future cuts after June meeting 📈 Market now pricing in 17% chance … Read more
Key Takeaways: 💴 Yen is at three-decade lows despite optimism about the economy 📉 Yen has been steadily falling for more than three years and lost about a third of its value since the start of 2021 🔀 Yen is the lowest-rate G10 currency, leading to borrowing and selling for higher-yielding currencies 💼 Japan’s central … Read more