Key Takeaways: 💵 Dollar usually performs well in May historically 📉 Dollar has not experienced its typical seasonal boost this month 📊 Negative May equity returns have decreased in the last decade 🔒 Market might already be long USD for positive carry and as a defensive hedge 💸 Dollar does not typically see a seasonal … Read more
Key Takeaways: 💵 The U.S. dollar slightly increased, with calm trading anticipating U.S. inflation data. 📊 A potential rate cut by the Federal Reserve depends on inflation numbers. 🇬🇧 GBP/USD decreased due to UK jobs data showing rising unemployment. 🇪🇺 EUR/USD dipped after German CPI figures, indicating controlled inflation. 📉 USD/JPY saw slight gains in … Read more
Key Takeaways: 💹 Most Asian currencies stable, tracking steady dollar 📉 Japanese yen weak, potential government intervention 🔍 Traders biased towards greenback, await U.S. interest rates cues 📈 USDJPY pair rising steadily, fears of government intervention sparking 🇨🇳 Chinese yuan affected by property developer default 🏠 Chinese economy pressured by property market slump 📊 Dollar … Read more
Key Takeaways: 💲 Dollar Index traded 0.1% lower to 105.090 📉 🇬🇧 GBP/USD gained 0.1% to 1.2531 📈 🇪🇺 EUR/USD traded 0.1% higher to 1.0784 📈 🇺🇸 Still uncertain on U.S. interest rate cuts after recent volatility 🇨🇳 Mixed cues on Chinese inflation with USD/CNY rising to a two-week high 💵 The dollar has experienced … Read more
Key Takeaways: 💵 Dollar consolidated against major peers as market awaits U.S. inflation data 📉 Expectations for rate reductions in U.S. increase after soft April payrolls report 📊 Markets currently predict 61.2% chance of rate cuts at Fed’s September meeting ⚖️ Fed officials have varied views on interest rates; inflation expectations complicate matters 📈 Recent … Read more
Key Takeaways: 💵 Most Asian currencies showed minimal movement on Monday 🇨🇳 Chinese inflation data impacted the yuan and other China-exposed currencies 📉 Producer price index inflation in China continued to decrease 🧾 Data signals Beijing needs to do more to boost economic growth ⚔️ Trade tensions between the US and China may escalate further … Read more
Key Takeaways: 💹 The dollar strengthened slightly after a reading on consumer sentiment. 📊 Focus is turning towards key inflation readings next week, including the consumer price index (CPI) and producer price index (PPI), as well as retail sales data. 💱 Foreign exchange markets are responding to comments from Federal Reserve officials on monetary policy. … Read more
Key Takeaways 💥 Cuba accuses online news site El Toque of manipulating currency exchange rate 🇨🇺 El Toque criticized by Cuban government for publishing high dollar exchange rate 💵 Peso currency in Cuba has lost nearly half its value against the dollar in 2024 🚫 U.S. State Department did not immediately respond to allegations 📉 … Read more
Key Takeaways 💴 Bank of America Securities predicts more Japanese yen weakness 💰 USD/JPY trading higher at ¥155.83 📈 Yen has gained just under 2% this week 🇯🇵 Japanese authorities spent $60 billion to pull yen away from 34-year-low 📊 Survey shows consistently bullish yen bias since mid-2022 🔄 Investors have flipped to largest JPY … Read more
Key Takeaways: 💵 Dollar steadied after previous losses on weak jobs data 📉 Expectations for Federal Reserve interest rate cuts by September due to cooling labor market 📈 UK GDP expanded by 0.6% in Q1 2024, exiting recession 🏦 Bank of England held interest rates at a 16-year high, with 2 committee members voting for … Read more