The Indian Rupee extends its downside in Tuesday’s early European session. Trump’s tariff threat, foreign fund outflows, and a stronger USD weigh on the INR. The US October JOLTs Job Openings will be released on Tuesday. The Indian Rupee (INR) remains under pressure on Tuesday after depreciating to a fresh all-time low in the previous session. […]
The US Dollar rises after Donald Trump threatens BRICS with tariffs and increasing political concerns in France about the stability of the government. A political fallout in the Eurozone could trigger more inflows from the Euro to the Greenback. The US Dollar Index spikes back above 106.00, though it faces a key level ahead at […]
The Australian Dollar rises as the RBA intends to maintain a restrictive monetary policy. The RBA Meeting Minutes indicated that the board remains vigilant about the potential for further inflation. A Reuters poll indicated that nearly 90% of economists anticipate a 25bps cut in December. The Australian Dollar (AUD) retraces its recent losses on Thursday, […]
EUR/USD maintains its position as the US Dollar continues its downward correction. The US Dollar’s downside appears restrained due to dampened odds of an imminent Fed rate cut. ECB President Lagarde stated that Europe should pool its resources in areas such as defense and climate. EUR/USD remains steady with a positive bias, hovering around 1.0600 […]
EUR/JPY gains momentum to near 163.00 in Monday’s early Asian session, up 33% on the day. The lack of clear guidance on the next BoJ rate hike timing weighs on the JPY. ECB’s Cipollone said the central bank should cut rates further to support recovery. The EUR/JPY cross attracts some buyers to around 163.00 during the […]
The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage later on Friday. The Gold price (XAU/USD) struggles to gain ground around $2,570 […]
USD/CAD extends the rally to around 1.4000 in Thursday’s early Asian session. US CPI matched estimates in October. The expectation of a more aggressive rate cut from the BoC than the Fed, lower crude oil prices weigh on the Loonie. The USD/CAD pair gains momentum to near 1.4000, the highest level since 2020 during the […]
USD/CAD strengthens as the US Dollar appreciates due to optimism surrounding the Trump trades. The implementation of US President-elect Donald Trump’s proposed fiscal policies could delay further rate cuts by the Fed. The commodity-linked CAD weakens as Oil prices decline following OPEC’s lowered forecast for global Oil demand growth in 2024. USD/CAD moves upwards for […]
Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory. The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies. The dollar-denominated Silver struggles due to a stronger US Dollar and rising Treasury yields. Silver prices (XAG/USD) experiences a third consecutive day […]
AUD/JPY gains ground due to uncertainties regarding the future BoJ interest rates outlook. BoJ’s Summary of Opinions highlighted divisions among policymakers regarding the timing of future rate hikes. The Australian Dollar faced challenges as China’s latest stimulus measures fell short of investors’ expectations. AUD/JPY retraces its recent losses from the previous session, trading around 101.20 […]
The Indian Rupee trends lower in Friday’s early European session. The Indian equity selloff and the rise in crude oil prices continue to undermine the INR. The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday. The Indian Rupee (INR) weakens on Friday. The local currency depreciated […]
NZD/USD softens to around 0.6020 in Friday’s early Asian session. The 25 basis points (bps) rate cut by the Fed on Thursday was widely expected. Donald Trump’s proposals to raise tariffs could drag the Kiwi lower against the USD. The NZD/USD pair trades with a mild negative bias near 0.6020 during the early Asian session […]
