Key Takeaways: 💵 BofA projects USD/CNY to rise to 7.35 by Q2 2024 and peak at 7.45 by Q3 2024 📉 Bank is bearish on Asian currencies like KRW, TWD, THB, and VND 🇮🇳 BofA has a neutral stance on the Indian rupee (INR) 🌏 Maintains neutral stance on HKD, IDR, MYR, PHP, SGD ⚠️ … Read more
Key Takeaways: 💵 UBS raised its forecast for USD/JPY citing strong US dollar 💰 US dollar’s robust performance reflected in data 📈 Dollar’s recent uptrend and notable year-to-date increase 🌍 Investors monitor forecasts to inform trading strategies and expectations 🛠️ Investors should watch for Federal Reserve decisions and market positioning 📈 Consider subscribing to InvestingPro … Read more
Key Takeaways: 💵 U.S. dollar steadied in early European trading 🇪🇺 Euro gained after bounce in European services activity data 📊 Markets predicting 46% chance of Fed’s first rate cut in September 🏛️ ECB expected to cut interest rates before the Fed 🇬🇧 GBP climbed after strong British business activity growth 📉 Manufacturing sector in … Read more
Key Takeaways: 💵 U.S. Dollar is steady, trading flat at 105.915 🌍 European services activity data in April helped the Euro rise by 0.1% to 1.0664 📈 Markets are pricing in a 46% chance of the Fed’s first rate cut in September 🏦 European Central Bank expected to cut interest rates before the Federal Reserve … Read more
Key Takeaways 💱 Most Asian currencies remained stable despite slight weakening of the dollar 🇯🇵 Japanese yen near 34-year highs against the dollar 💼 Japanese government speculation on currency market intervention 📈 Bank of Japan expected to maintain rates, potentially present hawkish stance 🇺🇸 US dollar index steady in Asian trade, focus on upcoming economic … Read more
Key Takeaways: 💷 Citi FX analysts note dovish shift in BoE’s recent remarks leading to weaker GBP 📉 GBP’s underperformance particularly against USD expected to continue in the short term 🌍 Depreciation against USD attributed to strength of USD and favorable inflation in Europe 🏛 GBP weakness stems from BoE comments, no new inflation data … Read more
Key Takeaways: 💵 The U.S. dollar reached a 34-year peak against the yen due to the Federal Reserve’s interest rate stance 📉 Yen hits fresh lows ahead of the Bank of Japan’s policy review on Friday 📈 U.S. dollar index was flat at 106.16 after highs last week, following changes in U.S. rate-cut expectations 🌍 … Read more
Key Takeaways: 💵 Dollar gained against euro and yen after volatile trading week 🇯🇵 Markets focused on Bank of Japan policy review and yen near 34-year low 📉 Cooling in Middle East tensions helped temper volatility in dollar, gold, and oil prices 📈 Deutsche Bank’s currency volatility index rose to highest level since February 💸 … Read more
Key Takeaways: 💵 Goldman Sachs forecasts the US Dollar to stay "stronger for longer" 🌍 Policy divergence in developed economies likely to support the Dollar 🗳️ Impact of upcoming US election expected to influence currency markets 💸 Adjusted forecasts include lower EUR/USD and higher USD/JPY rates 📉 Current exchange rates at EUR/USD $1.0638, USD/JPY ¥154.73, … Read more
Key Takeaways: 💵 Dollar gained against euro and yen after volatile week 📉 Yen close to 155-level traders are monitoring 🇯🇵 Market focused on BOJ policy review 📈 Dollar’s trade-weighted index above 106 ♨️ Cooling tensions in Middle East tempered volatility 💥 Deutsche Bank currency volatility index rose significantly 📊 Big week ahead with U.S. … Read more