Key Takeaways: 💵 Dollar weakens despite steady short-dated US rates 📉 Anticipation of a soft US economic landing prompts dollar decline 📊 Upcoming core PCE inflation data release to impact Federal Reserve rate cut expectations 🏡 March house price data and May consumer confidence figures to be released today 💸 Concerns about consumer spending as … Read more
Key Takeaways: 💱 Most Asian currencies strengthened slightly while the dollar weakened in light trade 📈 Australian dollar performed well despite weaker-than-expected retail sales data 🇯🇵 Japanese yen firmed slightly against the dollar, but intervention by the government could impact future outlook 📉 Dollar index and futures decreased in low-volume trade due to Memorial Day … Read more
Key Takeaways: 💸 Prices of contraband in Nanawa pushed up by Argentina’s 300% inflation and propped-up peso 📉 Sales in Nanawa plummeted 60-80% since President Milei took office 🛒 Prices in dollar terms have soared in Argentina, making the country more expensive in relative terms 🥩 Beef prices in Argentina have almost doubled, erasing cost … Read more
Key Takeaways: 💵 Dollar is firm ahead of global inflation data 🔍 Euro is holding steady in a tight range 📊 European rate cut expected next week 🇺🇸 US core PCE expected to be steady 📉 Dollar index down 1.5% in May, most in one month since December 💹 Rates uncertainty pushing investors to sell … Read more
Key Takeaways: 💰 Argentina’s near 300% inflation and propped-up peso have caused contraband prices to rise steeply 📉 Sales in Paraguayan border town Nanawa have plummeted 60-80% since the new Argentina government took office 🇦🇷 Peso devaluation and inflation have led to over 50% price increase for products in dollar terms 🥩 Costs in Argentina … Read more
Key Takeaways: 💵 The dollar started the week steady as investors await global inflation data 🌍 Hunt for "carry" has supported dollar against low-rate currencies 📊 Major pairs have hugged tight ranges amidst holidays in Britain and the U.S. 🇺🇸 U.S. data has impacted confidence on rates outlook 🇪🇺 European inflation data will determine potential … Read more
Key Takeaways 💹 Most Asian currencies were stable on Monday waiting for U.S. inflation data 📊 Focus on PCE price index data due on Friday for inflation insights 💵 The dollar strengthened as market priced out expectations of rate cuts 🇯🇵 Japanese yen saw some relief amid potential government intervention 📈 Chinese industrial profits grew … Read more
Key Takeaways: 💱 G7 reaffirms commitment to warn against excessively volatile currency moves 📈 Japan ready to intervene in market to counter speculative yen moves 📊 Countries can take action in market when exchange rates become too volatile 🇺🇸 U.S. Treasury Secretary Janet Yellen warns against routine use of currency interventions 🤝 G7 countries consult … Read more
Key Takeaways: 💵 The U.S. dollar is slightly lower, but set for significant weekly gains 📈 📈 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
Key Takeaways: 💵 Asian currencies fell against the dollar due to hawkish signals on inflation and interest rates 📉 Traders are pricing out expectations for a rate cut in September 🔥 Rising tensions in U.S.-China trade war and military drills near Taiwan add to market jitters 📈 Dollar index and dollar index futures steadied at … Read more