Key Takeaways: 💲 Major currencies gained against a weaker U.S. dollar after softer U.S. inflation 📈 Euro rose 0.6% to above its 200-day moving average 🇦🇺 Aussie dollar rose above $0.67, New Zealand dollar at a five-month high above $0.62 📉 Yen down by about 0.2% 🇬🇧 Sterling rose 0.5% to $1.2798 📊 Market pricing … Read more
Key Takeaways: 💵 Most Asian currencies weakened due to forecasts of fewer interest rate cuts by the Federal Reserve 📊 The BOJ is expected to keep rates steady but may scale back bond purchases to tighten policy ⚖️ BOJ’s potential policy tightening may offer support to the yen, but doubts exist due to economic weakness … Read more
Key Takeaways 💵 Dollar Index dropped 0.4% ahead of Fed meeting and CPI data 📈 U.S. currency in demand after strong jobs report, less expectation for Fed rate cuts 📉 May CPI expected to rise 0.1% on the month, annual rise of 3.4% 📊 Focus on Fed meeting for interest rate forecasts and inflation objective … Read more
Key Takeaways: 💰 Most Asian currencies stable on Wednesday, dollar steady as traders cautious before Fed meeting and inflation data 🌏 Fears of renewed U.S.-China trade tensions impact sentiment in Asia 🇨🇳 Chinese yuan near six-month highs amid reports of increased U.S. trade scrutiny 📉 Concerns over sluggish Chinese economic recovery due to middling inflation … Read more
Key Takeaways 💵 The dollar reached a four-week high ahead of the US inflation report, which is expected to impact the timing of the first rate cut by the Federal Reserve. 📊 Strong jobs gains and wage inflation in the US raised concerns about sticky inflation and lower probability of rate cuts. 📉 Expectations of … Read more
Key Takeaways 💵 Dollar hits four-week high on Tuesday 📉 Euro pressured by regional political uncertainty 📉 Short-term weakness expected for the dollar 📉 Euro falls on Eurosceptic gains in elections 🇯🇵 Japan expected to taper monthly bond buying 📉 Bitcoin falls 3.89% to $66,910 📉 Euro, French bonds, and stocks impacted by election uncertainty … Read more
Key Takeaways: 💵 U.S. investors losing control of the dollar due to increased foreign demand 🌍 Dollar Index traded lower but still over 3% higher in 2024 🔄 Dollar movement correlates highest with European hour moves 📉 Fed rate hikes lead to higher yield for the U.S. dollar 📈 Carry/vol ratios favoring the dollar due … Read more
Key Takeaways: 💰 Euro sentiment is bearish according to Bank of America Securities 📉 EUR/USD traded lower at $1.0730 🗳 European Parliament elections resulted in a shift to the right 🇫🇷 French president Macron called for a snap legislative election 💳 Moody’s issued a credit warning for France 📉 EUR/USD pair broke above 1.09 but … Read more
Key Takeaways: 💸 Euro dropped to a one-month low on political concerns 📉 Investors shifting focus to U.S. inflation data and Federal Reserve forecasts 🇺🇸 Dollar supported by higher Treasury yields from robust U.S. jobs data 📉 Euro hit a one-month low at $1.0725 and was down 0.3% at $1.0731 🇺🇸 Dollar index up 0.2% … Read more
Key Takeaways 💲 The U.S. dollar retreated from a one-month high as yields fell back before key inflation data and the Federal Reserve meeting 🔢 The Dollar Index traded 0.3% lower at 104.795 after reaching 105.39 on Monday 📈 May CPI expected to rise 0.1% monthly, an annual rise of 3.4%, above the Fed’s 2% … Read more