March 10, 2025 1:26 pm
Key moments The euro has solidified its position at around $1.08, a level of stability not seen since November. The euro’s strengthening is attributed to significant policy actions within the Eurozone. Key factors include Germany’s planned fiscal reforms, the European Central Bank’s measured interest rate cut, and increased defense spending across Europe. Negative momentum from […]
Read moreMarch 10, 2025 12:48 pm
Key moments Currency Pair Climbs to Near 0.84 on Euro Strength Driven by German Fiscal Outlook. UK Economic Uncertainty and Global Volatility Weigh on GBP. Danske Bank Forecasts EUR/GBP to Recede to 0.81 in 12 Months. Euro Gains Against Pound Amid Fiscal Spending Uncertainty The EUR/GBP currency pair experienced a notable surge last week, propelled […]
Read moreMarch 10, 2025 11:39 am
Key moments USD/CHF at lows not seen since early December 2024 US data string now eyed for clues on macroeconomic conditions, Fed rate cut path Swiss consumer morale worsens in February The USD/CHF currency pair registered a fresh 3-month low on Monday, as the Swiss Franc drew support from safe haven flows amid ongoing US […]
Read moreMarch 10, 2025 10:59 am
Key moments China’s 10-year bond yield hit 1.865% on Monday, a 25 basis-point rise from January lows. The country’s fiscal deficit amounts to 4% of GDP, with CN¥1.3 trillion in bonds planned for 2025. MSCI China rose nearly 20%, while Hang Seng has increased over 18% year-to-date. 10-Year Bond Yields Rise 25 Basis Points From […]
Read moreMarch 10, 2025 10:37 am
Key moments XRP experienced a sharp decline, with its value falling by 7% and dipping below the $2.20 mark. Market anxieties, compounded by wider crypto market downturns and global economic uncertainties, contributed to the significant price reduction. During Monday’s trading session, XRP’s price reached a low of $2.0887. A substantial $730 million outflow from XRP’s […]
Read moreMarch 10, 2025 10:15 am
Key moments NZD/USD pair gains ground, reaching approximately $0.5740, driven by a weakening US dollar. Escalating trade tensions between the US and China, with retaliatory tariffs taking effect, impact market sentiment. US economic uncertainty, highlighted by Federal Reserve concerns and weaker than expected job data, puts pressure on the US dollar. NZD/USD Climbs 0.63% within […]
Read moreMarch 10, 2025 10:05 am
Key moments The 10-year Japanese Government Bond (JGB) yield reached 1.575%, a level unseen since October 2008. The 5-year JGB yield increased by 4 basis points, settling at 1.16%. JPMorgan Chase & Co. has adjusted its year-end forecast for the 10-year JGB yield from 1.55% to 1.70%. JGB Yields React Positively to Wage Data and […]
Read moreMarch 10, 2025 9:49 am
Key moments USD/NOK touches lows not seen since mid-October 2024 US CPI, PPI data in focus amid ongoing US tariff uncertainty Norway CPI inflation rises to 3.6% in February – highest since April 2024 The USD/NOK currency pair plummeted to a fresh 21-week low on Monday, after data revealed a sharp acceleration in Norwegian consumer […]
Read moreMarch 10, 2025 9:17 am
Key moments The ringgit appreciated to 4.4085/4210 against the US dollar, up from 4.4110/4145 at the previous Friday’s close. The US Dollar Index (DXY) fell to 103.830 points, paving the way for further ringgit appreciation. The ringgit also strengthened against the pound sterling, reaching 5.7011/7172 from 5.7070/7115 last Friday. Malaysian Ringgit Appreciates amid US Economic […]
Read moreMarch 10, 2025 7:53 am
Key moments Bitcoin’s price plummeted below $83,000 on Monday, briefly touching $80,200. A massive liquidation event saw $240 million in Bitcoin positions closed, but whales have accumulated 22,000 BTC in just three days. Many crypto enthusiasts were disappointed in Trump’s crypto reserve as it lacked plans for new purchases. Monday’s Trading Session Saw Bitcoin Dip […]
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