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 DXY trades near the 104.30 area after a modest upward reaction to economic data. Traders weigh durable goods strength and fresh copper tariff comments against geopolitical ceasefire noise. Resistance aligns near 104.53, while 104.09 acts as short-term support. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket
The Mexican Peso falls as traders brace for a 50-basis-point rate cut amid signs of cooling inflation and weak economic activity. Banxico expected to slash rates by 50 bps as economy shows signs of fatigue. Economic activity remains in contraction despite solid retail sales and marginal January improvement. The Mexican Peso (MXN) depreciates against the
Gold price ticks lower on Wednesday amid some USD dip-buying. A positive risk tone further weighs on the safe-haven precious metal. Trade jitters, US recession fears, and Fed rate cut bets help limit losses. Gold price (XAU/USD) struggles to capitalize on the previous day’s move higher and attracts some intraday sellers during the Asian session
Gold price edges higher and snaps a three-day losing streak amid a softer USD. Bets that the Fed will resume its rate-cutting cycle soon also support the bullion. Traders now look to Tuesday’s US macro data and Fed speak for a fresh impetus. Gold price (XAU/USD) sticks to modest intraday gains through the early European
The safe-haven Japanese Yen continues to be undermined by the upbeat market mood. The USD sits near a multi-week top set on Monday and also lends support to USD/JPY. The divergent BoJ-Fed expectations warrant caution before placing fresh JPY bearish bets. The Japanese Yen (JPY) recovers slightly after touching a three-week trough against its American
The Dow Jones recovered ground on Monday, climbing back to 42,500. Equities are broadly gaining ground as investors hope for easing tariff pressures. Economic concerns and inflation fears continue to simmer away as data comes in mixed. The Dow Jones Industrial Average (DJIA) pared recent losses on Monday, climbing back to the 42,500 region as
The Pound Sterling declines to near 1.2920 against the US Dollar as the Fed is not in a rush to move to interest rate cuts. The Fed sees high uncertainty over the US economic outlook amid new policies from US President Trump. BoE Bailey is confident that interest rates are on a gradually declining path.
The Indian Rupee remains stable, with USD/INR hovering near a seven-week low of 86.20. The INR faces potential headwinds from rising crude Oil prices amid ongoing geopolitical tensions in the Middle East. The US Dollar strengthens as risk aversion rises due to concerns over tariff policies. The Indian Rupee (INR) remains stable against the US
The Bank of England (BoE) kept its policy rate unchanged at 4.50% in its March meeting, as widely anticipated. However, the decision wasn’t unanimous — while eight policymakers backed the hold, just one (Swati Dhingra) pushed for a 25 basis point cut. BoE policy statement takeaways Policy statement keeps phrase: “A gradual and careful approach to
EUR/USD faces selling pressure near 1.0950 as the US Dollar strengthens ahead of the Fed’s monetary policy decision. The Fed is expected to keep interest rates steady in the range of 4.25%-4.50%. The Euro drops despite German leaders agreed on increasing the borrowing limit in the lower house of Parliament. EUR/USD corrects to near 1.0900 in Wednesday’s
The Japanese Yen attracts some sellers following the release of softer domestic data. A modest USD recovery from a multi-month trough further lends support to USD/JPY. The JPY moves little after the BoJ decision to keep short-term interest rates unchanged. The Japanese Yen (JPY) sticks to its negative bias through the Asian session on Wednesday
The US Dollar is turning green and avoids a fresh five-month low in the US Dollar Index. Traders see Germany boost its spending by 0.5 trillion Euro. The US Dollar Index recovers from earlier declines as Putin and Trump are talking. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of central bank event risks. The Japanese Yen (JPY) retains its negative bias amid a modest
The Dow Jones rallied 600 points on Monday as the index extends its rebound. Equities are recovering their stance after a recent plunge on geopolitical concerns. US Retail Sales figures from February recovered, but not by much. The Dow Jones Industrial Average (DJIA) climbed around 600 points on Monday as equities continue to claw back
EUR/USD rises to near 1.0900 to start the week as investors await the Fed’s monetary policy decision on Wednesday. The Fed is widely anticipated to keep interest rates steady as the focus shifts to the dot plot and Powell’s comments. Greens’ signal to German debt restructuring deal and optimism over Russia-Ukraine peace could strengthen the Euro.
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
