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Currency Market

All articles tagged with #currency market

Dollar Fluctuates Amid Global Economic and Political Shifts
finance1 month ago

Dollar Fluctuates Amid Global Economic and Political Shifts

The US dollar edged higher against major currencies amid mixed signals on Federal Reserve interest rate policy, with some officials advocating for aggressive cuts and others emphasizing data-driven adjustments. Currency markets showed limited impact from recent geopolitical tensions, while the euro and pound experienced slight declines following softer inflation data in Europe and the UK. The Australian dollar reached over a one-year high, reflecting positive global sentiment, and overall market movements remained subdued amid ongoing economic data releases.

via Reuters|
#currency-market#fed-policy#finance
Trump's Tariff Threats Shake Euro and US Trade Relations
finance7 months ago

Trump's Tariff Threats Shake Euro and US Trade Relations

The euro and Mexican peso declined following U.S. President Trump's threat to impose a 30% tariff on EU and Mexican imports, but overall market reaction was muted, with traders viewing the move as a potential negotiation tactic. Trump also called for Fed Chair Powell to resign, adding to market tensions, while Chinese exports rebounded, and investors await key US and Chinese economic data.

via Reuters|
#currency-market#euro#finance
"Mexico's Peso Plummets Amid Historic Election and Rising Violence"
finance1 year ago

"Mexico's Peso Plummets Amid Historic Election and Rising Violence"

The Mexican peso fell sharply for a second consecutive session following a surprising landslide election victory by the ruling Morena party, raising investor concerns about potential constitutional changes and increased state interference in the economy. The peso dropped as much as 2.9% to 18.1936 per dollar, adding to a 3.8% loss on Monday, while Mexico's benchmark stock index sank 6.1%. Analysts suggest that market stabilization may occur if the new leadership, particularly Claudia Sheinbaum, reassures investors by avoiding major controversial changes.

via Yahoo Finance|
#currency-market#election#finance
"Powell's Testimony and Bitcoin's Rally: A Focus on Currency Markets"
finance2 years ago

"Powell's Testimony and Bitcoin's Rally: A Focus on Currency Markets"

The US dollar softened as traders awaited Federal Reserve Chair Jerome Powell's congressional testimony and the European Central Bank's policy announcement, while bitcoin resumed its rally after falling from a record high. The dollar slipped after data showed a slowdown in US services industry growth, and markets are pricing in around 90 basis points of easing from both the Fed and ECB this year. Meanwhile, the yen strengthened amid reports of potential rate lifts by the Bank of Japan, and the Australian dollar recovered despite weak GDP data. Additionally, bitcoin surged to a record high before retreating, while Ether also saw a significant increase.

via Yahoo Finance|
#bitcoin#currency-market#european-central-bank
"US Dollar's CPI-Induced Rally Pauses Amid Rate Cut Uncertainty"
finance2 years ago

"US Dollar's CPI-Induced Rally Pauses Amid Rate Cut Uncertainty"

The US dollar has retreated most of its gains following soft retail sales, dropping below the 61.8% retracement level. Other currencies like the Australian and New Zealand dollars have fully recovered, while the pound remains weak. The yen is facing its own challenges amid uncertainty about rate hikes. Market pricing for the year is now at 100 bps after briefly falling to 90 bps post-CPI, with Waller's comments potentially influencing the significance of the CPI numbers.

via ForexLive|
#cpi#currency-market#finance
The Impact of Rising Treasury Yields on Global Markets
finance2 years ago

The Impact of Rising Treasury Yields on Global Markets

The US dollar strengthened to a near 1-week high against a basket of currencies as risk sentiment soured due to lackluster corporate results and rising US Treasury yields. Tech giant Alphabet's cloud division missing revenue estimates and the surge in US bond yields contributed to the decline in risk appetite. Meanwhile, benchmark US 10-year Treasury yields inched higher, nearing a 16-year peak. Analysts, however, see limited room for yields and the dollar to extend gains. The Australian dollar initially jumped on higher inflation readings but later erased gains, while the Canadian dollar weakened after the Bank of Canada forecasted weak growth and left the door open for more rate hikes. The Japanese yen remained near the 150 threshold, with pressure mounting on the Bank of Japan to change its bond yield control. Bitcoin also rose, fueled by speculation of an imminent exchange-traded bitcoin fund.

via Reuters|
#corporate-results#currency-market#finance
JPMorgan Predicts Japan's Yen Intervention Threshold: 150 Yen per Dollar
finance2 years ago

JPMorgan Predicts Japan's Yen Intervention Threshold: 150 Yen per Dollar

JPMorgan analysts predict that Japan's threshold for intervening in the currency market to weaken the yen will likely be around 150 yen per dollar. They believe that the Ministry of Finance (MoF) will not intervene at the current level of 145 yen per dollar, and their threshold for intervention is slightly higher. The analysts also note that the Japanese economy has been improving, reducing the need for intervention compared to previous cases.

via Reuters|
#currency-market#finance#japan