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EUR/JPY extends its winning streak for the fourth successive session and reaches fresh all-time highs, trading around 185.40 during the early European hours on Wednesday. The currency cross appreciates as the Japanese Yen (JPY) weakens amid mounting concerns over the country’s fiscal health and monetary policy concerns.Bloomberg reported on Wednesday that Bank of Japan (BoJ) Governor Kazuo Ueda said he remains prepared to raise interest rates if economic and price developments align with forecasts and wages and prices continue to rise moderately.However, a private survey showed manufacturing activity slowing due to trade frictions, while tourism-related disruptions are weighing on services,…
The rupee rebounded from low levels and gained 11 paise to trade at 90.12 against the US dollar in early deals on Wednesday, tracking lower crude oil prices and retreating American currency overseas. Domestic equity markets also showed resilience even as traders stayed cautious, watching geopolitical developments and awaiting US inflation numbers that are expected to provide cues for the Federal Reserve’s policy move, forex analysts said. At the interbank foreign exchange, the rupee opened at 90.26 and strengthened up to 89.94 level before trading at 90.12 against the greenback, 11 paise higher from the closing level of the previous…
On Tuesday, the rupee declined 6 paise to close at 90.23 against the US dollar. The rupee rebounded from low levels and gained 11 paise to trade at 90.12 against the US dollar in early deals on Wednesday, tracking lower crude oil prices and retreating American currency overseas.Domestic equity markets also showed resilience even as traders stayed cautious, watching geopolitical developments and awaiting US inflation numbers that are expected to provide cues for the Federal Reserve’s policy move, forex analysts said.At the interbank foreign exchange, the rupee opened at 90.26 and strengthened up to 89.94 level before trading at 90.12…
Silver price (XAG/USD) extends its winning streak for the fourth trading day on Wednesday. The white metal rallies further to near $90.00 during the Asian trading session as demand for safe-haven assets remains firm amid geopolitical tensions.Civil unrest in Iran as the general public demands political change due to surging inflation, falling Rial against the US Dollar (USD), and the government’s corruption has resulted in the killing of hundreds of protesters.In response, United States (US) President Donald Trump has warned the military action in Tehran if the government continues killing protesters.Meanwhile, higher concerns over Federal Reserve’s (Fed) independence, following criminal…
EUR/USD trades with losses on Tuesday even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets. At the time of writing, the pair trades at 1.1642, down by over 0.20%.Euro weakens despite benign US inflation, as firm jobs data and Fed rhetoric boost the DollarThe Greenback recovered some ground after the December Consumer Price Index (CPI) in the US was mostly aligned with estimates, with underlying inflation ticking a tenth lower on the annual print. This would justify rate cuts by the…
Fed’s Musalem (St Louis) said the US economy is likely to grow at or above its potential in 2026, helped by fiscal support and the lagged effects of earlier rate cuts. He noted that inflation remains closer to 3% than 2% but is expected to ease over the year, arguing that policy is now around neutral and well positioned to respond in either direction as the labour market continues to cool in an orderly way.I expect the economy to grow at or above potential in 2026.Inflation is closer to 3% than 2%, but we anticipate it will ebb this year;…
The AUD/JPY pair trades 0.3% higher to near 106.46 during the European trading session on Tuesday. The pair jumps higher as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding Japan’s political outlook. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the British Pound. USDEURGBPJPYCADAUDNZDCHFUSD-0.01%-0.06%0.46%0.00%0.16%0.04%0.09%EUR0.01%-0.04%0.48%0.02%0.17%0.05%0.10%GBP0.06%0.04%0.49%0.07%0.22%0.09%0.14%JPY-0.46%-0.48%-0.49%-0.44%-0.28%-0.42%-0.36%CAD-0.01%-0.02%-0.07%0.44%0.15%0.02%0.07%AUD-0.16%-0.17%-0.22%0.28%-0.15%-0.12%-0.07%NZD-0.04%-0.05%-0.09%0.42%-0.02%0.12%0.05%CHF-0.09%-0.10%-0.14%0.36%-0.07%0.07%-0.05% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick…
The rupee declined 4 paise to close at 90.21 (provisional) against the US dollar on Tuesday, weighed down by higher crude oil prices, a firm American currency and incessant outflow of foreign funds. Analysts said geopolitical tensions and weak equity markets also put pressure on the Indian currency. At the interbank foreign exchange, the rupee opened at 90.24 and touched the intra-day low of 90.30 against the greenback. The currency ended the session at 90.21 (provisional) against the dollar, down 4 paise from its previous close. On Monday, the rupee ended 1 paisa higher at 90.17 against the US dollar.…
The Indian rupee closed modestly weaker on Tuesday, weighed down by a fall in local stocks and regional currencies, while likely intervention by the central bank limited the currency’s decline.The rupee settled at 90.19 per dollar, marginally weaker than its close at 90.1625 in the previous session.Asian currencies slipped between 0.1% to 0.8% while India’s benchmark equity indexes, the BSE Sensex and Nifty 50 declined 0.2% and 0.3% respectively, lagging most regional peers.The deferral of Indian bonds’ inclusion in a flagship global index also singed the rupee, but the multi-front pressure was blunted by dollar-selling intervention by the Reserve Bank…
The US Dollar Index outlook remains range-bound after a decline triggered by concerns about Fed independence. Markets await the release of US CPI data, which could influence the Fed’s monetary policy expectations. Technically, the index consolidates, but the overall trend remains constructive in the short term. The US Dollar Index is moving in a tight range as investors eye the December Consumer Price Index, remaining reluctant to take big positions before the inflation report. The index is hovering around the 99.00 mark after having its worst day in three weeks. This indicates a balance between slowing inflation and political uncertainty.…