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
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