The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks. […]
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index. Investors are hoping that more clarity will come from the Trump administration on trade. The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged
The Australian Dollar faces headwinds as the Trump administration moves to add several Chinese chipmakers to its export blacklist. The AUD remains under pressure despite a strong Australian labor market report showing solid job gains in April. The US Dollar continues to trade within a narrow range, as recent US economic data has sent mixed
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
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
The Australian Dollar holds ground as the US Dollar weakened following softer-than-expected US inflation data. Australia’s Wage Price Index rose by 0.9% QoQ in Q1, against the expected 0.8% increase. US President Donald Trump described the relationship with China as excellent. The Australian Dollar (AUD) extends its gains against the US Dollar (USD) on Wednesday
US CPI inflation cooled to 2.3% in April, below expectations, raising Fed rate cut speculation. Trump touts tax cuts and investment deals, but details on trade pacts remain vague. DXY slips below 101.60 as tariff truce with China lacks forward clarity. Markets expect first Fed rate cut by September 2025 with easing through 2026. The
The Greenback on the backfoot this Tuesday while the US-China trade deal euphoria quickly fades. Traders see April’s US CPI release not really showing inflationary signals after Liberation Day. The US Dollar Index slips back to 101.50 after failing to reclaim the 102.00 level. The US Dollar Index (DXY), which tracks the performance of the US
EUR/USD slides below 1.1100 as the US Dollar rallies after the US and China agreed to lower tariffs by 115% for 90 days. The US-China temporary trade truce is expected to tame elevated consumer inflation expectations. ECB Schnabel sees no need to lower interest rates further. EUR/USD is down over 1% near 1.1100 during North
The US Dollar holds steady as global trade negotiations remain in focus. The PBoC continues Gold purchases, signaling long-term interest. Chinese Copper production expands, reducing reliance on imports. The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks. While there has been a slight rebound in copper
Gold price struggles to capitalize on its weekly gains registered over the past two days. The optimism over US-China trade talks is seen weighing on the safe-haven commodity. Investors now look to the crucial FOMC policy decision for a fresh directional impetus. Gold price (XAU/USD) recovers slightly from the Asian session low, around the $3,360
The Japanese Yen attracts some intraday sellers on Tuesday, though the downside risk remains limited. Trade-related uncertainties and geopolitical risks continue to act as a tailwind for the safe-haven JPY. The divergent BoJ-Fed expectations further contribute to capping USD/JPY ahead of the FOMC meeting. The Japanese Yen (JPY) reverses an Asian session dip against its
Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold. The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time
April Nonfarm Payrolls beat consensus at 177K; Unemployment Rate steady at 4.2%, easing recession concerns. Trump pressures Fed to cut rates despite upbeat data; CBOT shows 88 bps of easing priced in. Apple and Amazon fall on China sales miss and cloud growth slowdown despite beating EPS forecasts. The Dow Jones Industrial Average (DJIA) rallied
Nonfarm Payrolls (NFP) in the United States (US) rose by 177,000 in April, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 185,000 increase (revised from 228,000) reported in March and came in better than the analysts’ estimate of 130,000. Follow our live coverage here Other details of the employment
The Australian Dollar maintains its position despite a disappointing Retail Sales MoM for March. The AUD may come under pressure as renewed fears of a global economic slowdown weigh on commodity markets. Trump signaled potential trade agreements with India, Japan, and South Korea, and voiced optimism about reaching a resolution with China. The Australian Dollar
EUR/USD rebounds to near 1.1330 as the USD Index struggles to break above the key level of 100.00. The US Dollar faces pressure due to a weak US economic outlook in the face of Trump’s tariff policy. ECB officials have warned that risks to inflation are skewed to the downside. EUR/USD flattens around 1.1330 during
