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The Rupee opened 35 paise stronger on Monday as crude oil prices declined on prospects of the US and Iran reaching a peace deal brightened and RBI Governor Sanjay Malhotra reportedly stating that the Rupee may be undervalued.The Indian currency opened at 95.34/35 per US Dollar against the previous close of 95.69/70. The Rupee is currently trading at 95.29. In intraday trading so far, it hit a high of 95.20 and a low of 95.44, per CCIL data.The US and Iran are inching close to a peace agreement, brightening the possibility of the arterial Strait of Hormuz being opened up…

AUD/USD advances after two days of losses, trading around 0.7160 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the pair moves within the rectangle pattern, suggesting a consolidation.The AUD/USD pair is holding a modest bullish bias as it stays above the 50-period Exponential Moving Average (EMA) and marginally over the short-term nine-period EMA. This configuration suggests the pair remains underpinned by its medium-term trend, while the 14-day Relative Strength Index (RSI) near 51 hints at neutral-to-slightly positive momentum, allowing for further gains as long as price holds above these nearby dynamic supports.The AUD/USD…

The USD/JPY pair declines to near 158.90 during the early Asian session on Monday. Progress in talks between the United States (US) and Iran to bring an end to the Middle East conflict drags the US Dollar (USD) against the Japanese Yen (JPY).Senior US officials stated on Sunday that the US and Iran are closing in on a deal that would reopen the Strait of Hormuz, per Bloomberg. US Secretary of State Marco Rubio said that an agreement with Iran had garnered regional support, but key issues couldn’t be achieved “in 72 hours on the back of a napkin”. His…

At this stage of India’s economic journey, growth must remain the central priority. Sustained growth is what will move millions more Indians into the middle class and ultimately help India achieve its ambition of becoming a developed nation. This is therefore not the time to compromise on growth through aggressive interest rate increases.There is currently strong market chatter around increasing interest rates to manage three emerging concerns: depreciation of the rupee, possible inflationary pressures, and pressure on the fiscal deficit. While these concerns are real, increasing interest rates is not the most appropriate response at this stage of the economy.…

Betting against the rupee at current levels is a low-probability trade, and the data now favours allocating toward rupee-denominated assets across both equities and bonds, a report by DSP Mutual Fund has suggested.The rupee’s Real Effective Exchange Rate was at 89.7 at the end of April 2026 and is estimated to have slipped below 88 when USD-INR breached 96.9 on May 20, 2026, BIS data shows. Outside of the 2013 twin deficit crisis and the 2008 Global Financial Crisis, this is the most competitive the currency has been.On a trade-weighted basis, the rupee is fundamentally undervalued, creating a strong margin…

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower intraday toward 1.2760, though a sustained break is seen as unlikely, with major support at 1.2730 intact. On a 1–3 week horizon, UOB keeps a neutral stance, looking for range trading between 1.2730 and 1.2820. Over 1–3 months, the pair is viewed as broadly supported below strong resistance at 1.2880–1.2900.Dollar-Singapore Dollar holds in defined band”24-HOUR VIEW : USD rose to a high of 1.2830 two days ago and then dropped sharply to 1.2763. When USD was at 1.2780 yesterday, we indicated that “the sharp…

The AUD/USD pair edges lower during the North American session on Friday, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%.AUD/USD Price Forecast: Technical outlookFrom a technical perspective, AUD/USD market structure suggests further downside if the pair falls below the April 29 swing low at 0.7101, reaching a 4-week low at 0.7079 on May 19.The Relative Strength Index (RSI) turned bearish, signaling that sellers are gaining momentum, as it fell…

DBS Group Research economists Radhika Rao and Chua Han Teng highlight that ASEAN-6 economies are experiencing asymmetric inflation outcomes despite a common energy shock. Indonesia and Malaysia show relatively contained inflation, while Thailand, Vietnam and Philippines face higher readings. Rising WPI/PPI point to pipeline pressures, with policymakers expected to stay alert and some central banks, including Indonesia, Philippines and Vietnam, likely to raise rates further.Divergent inflation and tightening prospects”While ASEAN-6 economies face the same energy shock, their inflation outcomes have been asymmetrical. On the benign end of the spectrum, inflation in Indonesia and Malaysia remained contained at 2.4% yoy and…

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect USD/CNH to trade quietly between 6.7920 and 6.8060 intraday after recent moves failed to generate fresh momentum. On a 1–3 week horizon, the bank holds a neutral view, seeing current price action as part of a range between 6.7820 and 6.8220. Over 1–3 months, the rebound still has scope to break above 6.9720, facing strong resistance near 6.9960.Dollar-Yuan stuck in range-trading phase”24-HOUR VIEW: USD dropped to a low of 6.7981 two days ago. Yesterday, when USD was at 6.8010, we stated that “while there has been an increase…

OCBC notes USDSGD is trading choppily in a subdued range, closely tracking moves in the USD, Oil and UST yields. The bank sees mild bullish momentum starting to fade and maintains a bias to sell rallies, with key support around 1.2720/60 and 1.2650/70 and resistance near 1.2840/50. The S$NEER remains comfortably above its model-implied mid.Singapore Dollar supported on rallies”USD/SGD traded choppy in subdued range, tracking the moves in USD, oil and UST yields.””Pair was last around 1.2780 levels.””Mild bullish momentum on daily chart shows early signs of it fading while RSI eased.””2-way trades still likely though bias remains to sell…