Key Takeaways: 💵 The US dollar rose after the services sector rebounded in May 📊 The Institute for Supply Management reported a sharp increase in the nonmanufacturing purchasing managers index 🇺🇸 The US economy is showing signs of slowing down, but the dollar is holding strong 💶 The euro fell slightly after the ISM data, … Read more
Key Takeaways: 💲 US dollar gained after strong services sector data 📉 Euro turned lower with ISM data 🤝 Awaiting ECB policy meeting and nonfarm payrolls report 📈 Dollar surged against the yen 🇲🇽 Mexican peso gained against the dollar 🇮🇳 Indian rupee recovered from a seven-week low 📈 Stocks gain on rate cut bets … Read more
Key Takeaways: 💵 Dollar rose ahead of key U.S. economic data and Bank of Canada policy meeting 📈 Markets pricing in 80% chance of Canadian rate cut on Wednesday 🌍 Markets closely watching Brent crude futures near four-month lows 🔒 Bank of Japan cautious about currency weakness impact on economy 📉 Emerging markets stabilizing after … Read more
Key Takeaways: 💹 Canadian dollar may not strengthen as much as previously expected due to potential interest rate cuts by Bank of Canada 📉 Loonie predicted to stay around 1.37 per U.S. dollar in the coming months 📈 Expected to advance 2.5% to 1.33 in a year 💰 Money markets anticipate 65 basis points of … Read more
Key Takeaways 💱 U.S. dollar rose in early trade off two-month lows 🇺🇸 Dollar has gained over 3% this year, driven by economic strength and inflation 📈 Market predicts Fed to start easing policy in September as inflation is above 2% 💵 Eurozone business activity picked up, but markets still expect ECB to cut rates … Read more
Key Takeaways: 💵 Dollar steadied ahead of U.S. economic data and Bank of Canada meeting 📊 U.S. services data and job figures awaited by investors 🇨🇦 Markets pricing about 75% chance of Canadian rate cut 📉 Low oil prices may lead to global disinflation 📈 Australian and New Zealand dollars edged up 💰 Mexico peso … Read more
Key Takeaways 💰 Egyptians are struggling with the quadrupling of the price of subsidised bread 🍞 Subsidised bread is a staple for much of Egypt’s population, impacting millions 📈 The government increased the price due to high inflation and rising wheat import costs 🔍 Critics question the cuts to bread subsidies while funds are allocated … Read more
Key Takeaways 💵 Most Asian currencies weakened as dollar recovered from two-month lows 🇮🇳 Indian rupee tested record lows after election results 📉 Weak U.S. data fuels bets of rate cuts by Federal Reserve 🌍 Broader Asian currencies experienced small moves 🇯🇵 Japanese yen strengthened on wage growth data 💱 Volatility seen in Indian rupee … Read more
Key Takeaways 💲 The U.S. dollar edged higher from multi-month lows against the euro, sterling, and Swiss franc 📊 The JOLTS report showed job openings fell more than expected in April to their lowest in over three years 📉 U.S. factory orders rose for a third straight month in April 🏦 The European Central Bank … Read more
Key Takeaways: 💵 The US dollar rebounded following losses against the euro, sterling, and Swiss franc 📉 Job openings in the US fell more than expected in April to the lowest level in more than three years 📅 Market focus was on the JOLTS data ahead of the US job report expected to show new … Read more