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
Key Takeaways: 💶 The euro recovered from one-month lows against the dollar as European political jitters eased 🇫🇷 President Macron’s call for a snap election in France caused market pressure 📉 French financial markets saw sell-offs but no emergency bond purchases planned by ECB 💵 Despite euro’s recovery, trend favors the dollar due to geopolitics … Read more
Key Takeaways 💵 Euro traded around more than one-month lows 🇺🇸 Dollar index at highest since May 2 📊 US central bank to cut interest rates once this year 🛒 US retail sales and flash PMIs may give insight into economic strength 🇬🇧 Sterling fell to lowest levels since May 1 🇯🇵 Yen remains near … Read more
Key Takeaways: 💵 The dollar remains strong while the euro is at more than one-month lows due to political uncertainty in Europe. 🇪🇺 Investors are concerned about a budget crisis in the euro area ahead of France’s snap parliamentary election. 📉 Euro fell to its lowest level since May 1 at $1.06678. 📈 Dollar index … Read more