The Indian Rupee drifts higher in Tuesday’s early European session. New tax measures rolled out by PM Modi’s government support the INR, but global uncertainty might cap its upside. Traders await the flash Indian HSBC PMI data on Thursday ahead of the Jackson Hole Economic Policy Symposium. The Indian Rupee (INR) gathers strength on Tuesday. […]
The Mexican Peso extends its gains against the US Dollar as markets adopt a ‘risk-on’ sentiment following the easing of US-China tensions. USD/MXN remains in a short-term bearish trend below 19.20. US-Mexico tensions remain in focus next week as Mexico condemns 50% tariffs on steel and aluminium imports to the US. The Mexican Peso (MXN)
USD/MXN trades below 19.20 after testing a new YTD low at 19.16. US ADP Employment and ISM Services PMI data missed forecasts. Mexico responds to increased tariffs on steel and aluminum imports to the US. The Mexican Peso (MXN) is trading near a fresh year-to-date high against the US Dollar (USD) on Wednesday, which is
The Indian Rupee steadies in Tuesday’s Asian session. A weaker US Dollar and stronger Chinese Yuan could support the INR, but RBI rate cut bets might cap its upside. The US Conference Board’s Consumer Confidence report is due later on Tuesday. The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in
The Mexican Peso holds gains as US Dollar pressure builds. US bond markets reopen on Tuesday, contributing to the pair’s next move. USD/MXN remains in a downtrend with immediate resistance at 19.30. The Mexican Peso (MXN) is experiencing a steady appreciation against the US Dollar (USD) on Monday, reflecting lingering uncertainty in the United States
Indian Rupee posts modest gains in Thursday’s Asian session. Optimism from the US-China trade deal underpins the US Dollar and drags the INR lower. Traders brace for the US April Retail Sales and PPI data, due later on Thursday. The Indian Rupee (INR) strengthens on Thursday. The de-escalation of a trade war between the United
Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) holds steady on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might
Fitch Ratings gave Mexico a confidence vote, affirming that its long-term foreign currency issuer default rating (IDR) is at ‘BBB-‘ with a stable outlook. Key highlights Credit fundamentals: Mexico’s rating is supported by a prudent macroeconomic policy framework, robust external finances, and its large and diversified economy. The rating is constrained by muted long-term growth,
The Indian Rupee gathers strength in Wednesday’s Asian session. The softer US Dollar and lower crude oil prices continue to underpin the INR. The US March Retail Sales report and speech by Fed Chair Powell will be the highlights later on Wednesday. The Indian Rupee (INR) trades in positive territory for the fifth consecutive day
The Indian Rupee softens in Friday’s Asian session. Month-end US Dollar demand, fears of a global trade war and higher oil prices weigh on the INR. The US February PCE inflation data will take center stage later on Friday. The Indian Rupee (INR) remains weak on Friday, pressured by month-end US Dollar (USD) demand from
The Indian Rupee gains traction in Monday’s Asian session. The weaker US Dollar broadly supports the INR, but higher crude oil prices might cap its gains. Investors brace for India’s February WPI inflation and US Retail Sales data, which are due later on Monday. The Indian Rupee (INR) strengthens on Monday. The concerns about slowing growth
The Indian Rupee gains traction in Monday’s early European session. Foreign exchange intervention from the RBI might help limit the INR’s losses. India’s HSBC Manufacturing PMI and US ISM Manufacturing PMI will take center stage later on Monday. The Indian Rupee (INR) gathers strength on Monday. The potential intervention from the Reserve Bank of India (RBI)
The Indian Rupee extends its decline in Thursday’s early European session. Rising bets of RBI rate cuts and risk aversion continue to undermine the INR. The RBI interest rate decision and the US January employment report will be in the spotlight on Friday. The Indian Rupee (INR) extends its downside on Thursday. The local currency
The Indian Rupee trades flat in Wednesday’s Asian session. Renewed USD demand and Trump’s tariff announcements might weigh on the INR. The routine RBI intervention and lower crude oil prices might cap the downside for local currency. The Indian Rupee (INR) flat lines on Wednesday. The persistent US Dollar (USD) buying from foreign portfolio investors
