Key Takeaways: 💵 Dollar remains steady as investors await U.S. interest rate path clues 📉 Japanese yen weakens slightly against the dollar 🇪🇺 Euro edges up, dollar index remains stable 📅 Focus on upcoming PCE price index report and Fed meeting minutes 🗣️ Various Fed speakers scheduled this week for further insights into rate decisions … Read more
Key Takeaways 💵 Most Asian currencies weakened slightly, while the dollar remained steady 🇯🇵 Japanese yen fragile after reversing gains from likely currency market intervention; potential for more intervention limited further losses 🇨🇳 Chinese yuan pair rose 0.1% after People’s Bank kept benchmark unchanged at record lows, despite increased stimulus 🇺🇸 Concerns over potential trade … Read more
Key Takeaways: 📈 BofA predicts a bullish outlook for the Indian Rupee (INR) 🏛️ Market focus shifts to RBI’s stance on INR management post-elections 📉 Caution advised for potential election-related volatility 💰 Questions about sustainability of RBI’s reserve accumulation strategy 🔒 Prudent risk management strategies recommended for navigating market dynamics and policy changes 🔍 BofA … Read more
Key Takeaways 💰 The Bank of Canada may be willing to cut interest rates three times before the Federal Reserve makes its first move 🇨🇦 Weaker Canadian dollar has raised concerns about divergence from the U.S. counterpart 📈 Investors expect rate cuts from the BoC in June or July, while Fed is seen on hold … Read more
Key Takeaways 💵 HSBC believes that the recent selling of the U.S. dollar is exaggerated 📉 Dollar Index is down 0.5% for the week and 1.3% for the month 📈 USD hit by softer U.S. activity data and lack of inflation surprises ⚖️ Fed may need more time for inflation to reach target 📅 Market … Read more
Key Takeaways: 💵 U.S. dollar is slightly higher in European trade, but is set for a significant weekly loss 🇪🇺 EUR/USD is down slightly, but the euro is still up about 0.9% against the dollar this week 🏦 ECB is expected to cut interest rates in June, with uncertainty about future cuts 🇬🇧 GBP/USD is … Read more
Key Takeaways 💷 ING predicts a potential rise in EUR/GBP as BoE rate cut bets increase 📉 GBP sensitive to US equities performance affecting its movement 📊 Decrease in volatility for EUR/GBP pair ahead of UK CPI release 🕊️ Expectations suggest a dovish tilt in BoE’s monetary policy 🗣️ Focus on Catherine Mann’s speech and … Read more
Key Takeaways: 💵 Most Asian currencies weakened as the dollar recovered. 📉 U.S. Treasury yields rebounded, impacting risk-driven markets. 🇨🇳 Chinese economic data showed a mixed outlook. 🛢️ Concerns over China weighed on currencies with trade exposure. 🌏 Regional economic factors affected Asian currencies. 📈 Some bets on a September rate cut by the Fed … Read more
Key Takeaways: 💶 UBS forecasts appreciation of Israeli shekel against USD 📈 Shekel expected to benefit from easing geopolitical risks 🇮🇱 Israel’s economic rebound and BoI policies to support shekel 🏦 Federal Reserve’s easing cycle to further boost shekel’s performance 💱 End-of-quarter forecasts project shekel to strengthen gradually going forward 📉 Shekel rate expected to … Read more
Key Takeaways 💰 UBS highlighted a wide projected deficit for the fiscal year 2024-25 🛢️ Commodity prices may remain higher than expected 🏦 UBS maintains forecast of a 25 basis points cut in the RBA cash rate in February 2025 📈 Australian dollar expected to fluctuate between 0.65 and 0.675 against USD 🌏 Budget surplus … Read more