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The US Dollar Index (DXY) fell toward the 98.90 region on Friday as improving market sentiment linked to developments in the Middle East reduces demand for safe-haven assets. Although the latest United States (US) Core Personal Consumption Expenditures (PCE) Price Index on Thursday held steady at 3.3% YoY in April, reinforcing expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer, investors focused on reports that the US and Iran reached a memorandum of understanding to extend the ceasefire by 60 days, reopen the Strait of Hormuz, and begin nuclear negotiations. US Dollar Price Today The table…
Silver (XAG/USD) price retreats 0.16% on Friday, consolidating around the $75.00-$76.00 area and is virtually unchanged, near the 50-day Simple Moving Average (SMA) at $75.70.XAG/USD Price Forecast: Technical outlookSilver looks set to extend its consolidation after breaking below the ascending channel’s support trendline and the 50-day SMA, but the white metal has reclaimed the $75.00 mark.The RSI turned bearish in mid-May and continues to point lower, suggesting sellers are building momentum, but the index turned flat ahead of the weekend.Above, the first resistance for XAG/USD is the 20-day SMA at $77.92, followed by $78.00. A breach of the latter will…
Gold (XAU/USD) price advanced more than 1.50% on Friday amid news that Iran and the US are close to signing a deal aimed at extending the ceasefire for 60 days to allow negotiations on Iran’s nuclear program. At the time of writing, XAU/USD trades at $4,563, after bouncing off daily lows of $4,489.XAU/USD jumps as ceasefire hopes ease inflation fearsSources familiar with thenegotiations revealed that if an agreement is reached, the Strait of Hormuz will reopen and the US Navy will lift its blockade, allowing the free passage of vessels through the strait. Meanwhile, US President Donald Trump said that…
GBP/USD holds minor gains on Friday after rebounding from intraday lows, supported by improving risk sentiment surrounding a potential US-Iran peace deal. At the time of writing, the pair trades around 1.3460 and is on course to end the week little changed.A senior Iranian source told Reuters that “a political understanding has been reached between Iran and the US, but it has not yet been finalized.” This comes after reports that both sides reached a proposed 60-day memorandum of understanding (MOU) that would extend the current ceasefire and reopen the Strait of Hormuz.Meanwhile, US President Donald Trump said in a…
Reserve Bank’s income from foreign exchange transactions increased to Rs 1.69 lakh crore in 2025-26, up nearly 52 per cent over the previous fiscal year, according to the Reserve Bank data.The central bank exchange gains from foreign exchange transactions was Rs 1.11 lakh crore during the 2024-25 financial year.The RBI also earned Rs 16,354.18 crore from amortisation of premium on foreign securities during the fiscal year ending March 2026, up from Rs 13,686.63 crore in the preceding year, according the RBI’s annual report for 2025-26 released on Friday.Its interest income from foreign securities increased from Rs 97,006.66 crore to Rs…
The USD/JPY pair trades in a muted fashion toward the 159.20 region on Friday as the United States Dollar (USD) finds support following the latest inflation data, while the Japanese Yen (JPY) remains pressured amid uncertainty surrounding the Bank of Japan’s (BoJ) policy outlook.The latest Core Personal Consumption Expenditures (PCE) Price Index held steady at 3.3% YoY in April, reinforcing concerns that inflation remains elevated and supporting expectations that the Federal Reserve (Fed) could maintain a restrictive monetary policy stance for longer.Meanwhile, the Japanese Yen has been weighed down by recent domestic data. Tokyo Core Consumer Price Index (CPI) inflation…
The Dow Jones Industrial Average (DJIA) punched out a fresh intraday record near 51,050 with the bid traceable to a Truth Social post in which President Donald Trump declared he would be in the Situation Room making a “final determination” on the US-Iran agreement and laid out terms that sounded suspiciously like a finished deal. The catch, and it is becoming a daily ritual, is that the terms Trump described are not the terms Iran has agreed to. Markets have decided to trust the salesman over the contract.Two deals, one headlineRead Trump’s post and you get a clean, victorious framework:…
Silver (XAG/USD) trades flat on Friday, failing to capitalize on improving market sentiment surrounding a potential US-Iran peace deal, even as the US Dollar (USD) slides to a two-week low. At the time of writing, XAG/USD trades around $75.60 and is on track to end the week virtually unchanged.US President Donald Trump said on Friday that the naval blockade on Iranian ports would be lifted. Traders are now awaiting final approval on a reported 60-day memorandum of understanding (MOU) that would extend the current ceasefire and reopen the Strait of Hormuz.In reaction, the Greenback gave up earlier gains. The US…
According to Fars news agency, the US and Iran are in the final stages of an agreement, though a final decision hasn’t been made. Fars reported on Friday that “Informed sources have rejected Trump’s new claims about a possible deal with Iran, describing his remarks as a mixture of truth and lies and an attempt to portray a fake victory.”Regarding the agreement, Iran stressed that “after the US blockade is lifted, it will reopen the Strait of Hormuz according to its own pre-determined arrangements.” Tehran denied Trump’s claim that it’s obliged to open the Strait without charging fees, saying there’s…
The EUR/USD pair edges up by 0.12% on Friday as the US Dollar (USD) drops amid hostilities in the Middle East, while a US-Iran deal is reportedly pending approval by the White House and senior Iranian officials. At the time of writing, EUR/USD trades at 1.1664.EUR/USD gains as Hormuz reopening hopes pressure US Dollar and crudeSentiment remains positive amid a post in social media by US President Donald Trump, who said that Iran must agree that it will never have a nuclear weapon or bomb, adding that the Strait of Hormuz must be open immediately and that water mines would…