Asia FX Strengthens as Dollar Slightly Weakens Before Inflation Data Release

Key Takeaways: πŸ’± Most Asian currencies strengthened slightly while the dollar weakened in light trade πŸ“ˆ Australian dollar performed well despite weaker-than-expected retail sales data πŸ‡―πŸ‡΅ Japanese yen firmed slightly against the dollar, but intervention by the government could impact future outlook πŸ“‰ Dollar index and futures decreased in low-volume trade due to Memorial Day … Read more

Zelenskiy’s Visit to Belgium: A Security Pact Amid Argentina’s Economic Struggles

Key Takeaways: πŸ’Έ Prices of contraband in Nanawa pushed up by Argentina’s 300% inflation and propped-up peso πŸ“‰ Sales in Nanawa plummeted 60-80% since President Milei took office πŸ›’ Prices in dollar terms have soared in Argentina, making the country more expensive in relative terms πŸ₯© Beef prices in Argentina have almost doubled, erasing cost … Read more

Paraguay Ghost Town: A Result of Argentina’s Inflation and Peso Situation

Key Takeaways: πŸ’° Argentina’s near 300% inflation and propped-up peso have caused contraband prices to rise steeply πŸ“‰ Sales in Paraguayan border town Nanawa have plummeted 60-80% since the new Argentina government took office πŸ‡¦πŸ‡· Peso devaluation and inflation have led to over 50% price increase for products in dollar terms πŸ₯© Costs in Argentina … Read more

Navigating the Dollar’s Strength Ahead of Global Inflation Data

Key Takeaways: πŸ’΅ The dollar started the week steady as investors await global inflation data 🌍 Hunt for "carry" has supported dollar against low-rate currencies πŸ“Š Major pairs have hugged tight ranges amidst holidays in Britain and the U.S. πŸ‡ΊπŸ‡Έ U.S. data has impacted confidence on rates outlook πŸ‡ͺπŸ‡Ί European inflation data will determine potential … Read more

Navigating Asian Markets Ahead of Inflation Tests: A Look at FX and Stocks

Key Takeaways πŸ’Ή Most Asian currencies were stable on Monday waiting for U.S. inflation data πŸ“Š Focus on PCE price index data due on Friday for inflation insights πŸ’΅ The dollar strengthened as market priced out expectations of rate cuts πŸ‡―πŸ‡΅ Japanese yen saw some relief amid potential government intervention πŸ“ˆ Chinese industrial profits grew … Read more

International Tensions Rise as G7 Warns Against Currency Volatility and North Korea Accuses US and South Korea of Spying

Key Takeaways: πŸ’± G7 reaffirms commitment to warn against excessively volatile currency moves πŸ“ˆ Japan ready to intervene in market to counter speculative yen moves πŸ“Š Countries can take action in market when exchange rates become too volatile πŸ‡ΊπŸ‡Έ U.S. Treasury Secretary Janet Yellen warns against routine use of currency interventions 🀝 G7 countries consult … Read more

US Dollar Poised for Steady Weekly Gains amid Rate Cut Speculation

Key Takeaways: πŸ’΅ The U.S. dollar is slightly lower, but set for significant weekly gains πŸ“ˆ πŸ“ˆ U.S. business activity has accelerated, leading to a pullback in interest rate cut expectations 🌍 GBP/USD fell due to disappointing British retail sales data 🏦 Expectations for easing by the Federal Reserve have decreased ✨ The German economy … Read more

US Dollar Continues to Rise on Strong US Business Activity Boost

Key Takeaways: πŸ“ˆ US business activity accelerated to the highest level in just over two years in May πŸ‡ΊπŸ‡Έ Dollar rose against the euro in response to strong U.S. economic data πŸ“‰ Euro was down 0.2% against the dollar πŸ’° Ether cryptocurrency surged amid speculation over U.S. spot exchange-traded funds approval πŸ“Š Swaps fully price … Read more