Following the disappointing July jobs report, the US Dollar (USD) has been under immense pressure. The DXY index, which measures the strength of the USD, experienced a significant decline after the release of the report, dropping to levels not seen since March. The weak data from the US Bureau of Labor Statistics (BLS) report highlighted
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The US Dollar Index (DXY) has been experiencing a downward trend in recent days, reaching April lows. This decline can be attributed to the release of soft US Consumer Price Index (CPI) figures and weaker University of Michigan (UoM) sentiment data. Market participants have been interpreting this data as a signal of a potential rate
After Federal Reserve (Fed) Chairman Jerome Powell’s recent statements, the US Dollar managed to regain some lost ground. Powell’s reluctance to immediately embrace rate cuts in favor of a patient approach has led to a rise in the DXY to 105.20. While the US economic outlook shows signs of disinflation, there are expectations for a
The US Dollar experienced a decline of 0.80% last week, reaching its lowest level since mid-June. The upcoming release of the June inflation figures and Federal Reserve talks have created a sense of anticipation in the market. While there is a price in less than 10% probability of a rate cut in July, the odds
Recently, Japanese Finance Minister Shunichi Suzuki made comments regarding the foreign exchange market, stating that he will take necessary actions to address any issues that may arise. While he refrained from commenting on specific forex levels, he emphasized the importance of FX stability and the need to monitor FX movements closely. These statements come at
When it comes to the luxury real estate market, iconic homes carry a certain premium that is hard to fully quantify. Real estate experts suggest that buyers are often willing to pay extra for the pedigree that comes with owning a piece of pop culture history. Comparing it to owning a rare piece of art
China’s Shanghai city recently announced a series of support measures aimed at boosting its struggling property sector. These measures include a reduction in down payment requirements, lower minimum mortgage rates, easing restrictions on home purchases, and reducing the required years of social security or income tax payments for non-Shanghai residents. As a result of this
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