Logo-color Logo-white

The financial markets were jolted last week by data confirming the stall in disinflation progress in the US. This development prompted traders to quickly revise their expectations regarding Fed’s monetary policy, withdrawing bets on a June rate reduction. This shift in sentiment led to strong rise in treasury yields and corresponding deep decline in stock […]

The post Bets on June Fed Rate Cut Abandoned, Dollar Asserts Dominance appeared first on Action Forex.

previous

Persistent Dollar Rally Accompanied by Yen and Franc Comebacks

next

Yen Hits 34-Year Low Against Dollar Amid Inaction from Japanese Authorities

Read More

Yen Rebounds on Upgraded Growth Forecasts, Global Risk-On Sentiment Eases
21/12/2023

Yen Rebounds on Upgraded Growth Forecasts, Global Risk-On Sentiment Eases

Yen rebounds broadly in today’s Asian trading session, buoyed by optimistic revisions in Japan’s economic growth forecasts. The government, in its semi-annual economic report, upgraded its growth projections for both the current and next fiscal years. Forecast for fiscal 2023 was raised from 1.3% to 1.6%, while projection for fiscal 2024 saw an increase from […]
Swiss Franc and Yen Soft on Rising Yields and Metals
08/04/2024

Swiss Franc and Yen Soft on Rising Yields and Metals

Benchmark treasury yields in US and Europe rise notably in a day of relatively slow news flow.  At the same time, Copper is extending recent up trend while Gold edged higher to new record. European stock indexes are seeing appreciable gains, and US futures indicate a positive start. These development keeps Swiss Franc and Yen […]
Markets Unmoved by Eurozone CPI and US ADP Reports, Await Further Cues
03/04/2024

Markets Unmoved by Eurozone CPI and US ADP Reports, Await Further Cues

The forex markets showed rather muted response to the latest batch of economic data released today. Euro has continued its near-term recovery, unaffected by Eurozone’s lower than expected CPI flash data coming. This lack of response likely stems from the understanding that a slight miss in CPI figures does not significantly alter ECB plans for […]