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EUR/USD has turned positive on the daily chart on Wednesday. The pair found support at 1.1720 during the European morning session, and is trading at levels right above 1.1750 heading into the US session opening. The US Dollar recovery has lost steam, with US Jobless Claims expected to add some spice to a dozy year-end trading session.From a wider perspective, however, the common currency remains on track to a 14% yearly appreciation, boosted by the monetary policy divergence between the European Central Bank (ECB) and the Fed. Apart from that, US President Donald Trump’s erratic trade policies and the softening…
The US Dollar Index (DXY) remains marginally higher in a quiet year-end session on Wednesday. Still, the Index has given away most of the daily gains, after peaking at 98.44, and trades near 98.25 heading into the US session opening.The DXY, which measures the value of the greenback against a basket of six currencies, is trading about 2% below November’s peak, at 100.40, and on track to a nearly 10% yearly depreciation, its weakest performance in the last eight years.The US Dollar has been one of the weakest G8 performers in 2025Investors’ concerns about the impact of US President Donald…
The Yen remains one of the worst-performing major currencies in thin holiday trading on Wednesday. The EUR/JPY approaches 184.00 heading into the European midday, after bouncing at the 183.50 area on Tuesday.Looking from a broader perspective, the pair remains steady, at a short distance of the long-term high, near 185.00 hit earlier this month, and on track to close the year with a more than 14% appreciation.A hesitant BoJ has hammered the Yen in 2025The hesitant pace of the Bank of Japan’s (BoJ) monetary normalisation cycle, combined with concerns about Trump’s tariffs on Japan’s export-oriented economy, and Prime Minister Sanae…
The rupee slumped 5 per cent in 2025 as persistent capital outflows from foreign investors, alongside heightened dollar demand from importers, making it one of the worst-performing Asian currencies. On the last trading session of 2025, the rupee depreciated 13 paise to close at 89.88 (provisional) against the US dollar as month-end demand and FPIs’ dollar buying kept it lower. The domestic currency has exhibited a negative bias throughout the year, making it Asia’s worst-performing currency in 2025, with foreign portfolio investors pulling out $16.5 billion from equities this year, further denting investor sentiments, forex traders said. At the interbank…
The EUR/GBP is trading higher for the second consecutive day on a holiday-thinned trading session on Wednesday. The pair has reached levels above 0.8730, after bouncing from mid-term lows near 0.8700 to test weekly highs in the 0.8740 area at the time of writing.The Euro is behaving better than the Pound amid a moderately cautious market, in the absence of key fundamental drivers. Looking from a wider perspective, the pair remains 0.7% below mid-December highs but on track to close the year with a 5.5% appreciation.Technical Analysis: Bulls are likely to be challenged above 0.8740In the 4-hour chart, EUR/GBP trades…
The Indian rupee closed out the year with a second straight monthly decline in December, a period in which it fell past the 91-per-dollar mark for the first time, before intervention by the Reserve Bank of India helped spark a recovery.The rupee settled at 89.87 against the U.S. dollar on Wednesday, down 0.1% on the day, taking its losses for the month to 0.5%. The currency dropped 4.7% over 2025, its biggest annual decline in three years.The factors that weighed on the rupee for much of the year remained in place in December, including foreign selling of Indian equities, an…
The US Dollar appreciates against the Japanese Yen for the second consecutive day on Wednesday, reaching levels right below one-week highs at 156.70 during the European trading session. The wide divergence shown by the minutes of the latest Federal Reserve (Fed) meeting on Tuesday has provided some support to the Dollar in a thin pre-holiday trading session.Fed policymakers agreed to cut interest rates by 25 basis points at their December 9-10 meeting, although three committee members called for keeping moneary policy unchanged, the highest level of dissenters since 2019.The minutes of the meeting also revealed that the Federal Open Market…
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $71.31 per troy ounce, down 6.26% from the $76.08 it cost on Tuesday.Silver prices have increased by 146.82% since the beginning of the year.Unit measureSilver Price Today in USDTroy Ounce71.311 Gram2.29The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 60.45 on Wednesday, up from 57.07 on Tuesday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange.…
USD/CHF extends its winning streak for the fourth consecutive day, trading around 0.7930 during the early European hours on Wednesday. The pair appreciates as the US Dollar continues to gain ground after the release of the Federal Open Market Committee (FOMC) December Meeting Minutes on Tuesday.FOMC Minutes indicated a deeply divided committee, with most participants judging that it would likely be appropriate to stand on further rate cuts if inflation declined over time. Meanwhile, some Fed officials said it might be best to leave rates unchanged for a while after the committee made three rate reductions this year to support…
The Indian rupee is set to log its steepest annual decline in three years, pressured by record equity outflows, weak capital inflows and prolonged uncertainty over a US trade deal | Photo Credit: MUMBAI The Indian rupee is poised for its largest annual fall in three years, weighed down by record equity outflows and the lack of a U.S. trade deal that left it out of the rally across Asia, with prospects for a recovery tied to the trade pact.The rupee was quoting at 89.8650 per U.S. dollar at 10 a.m. IST on Wednesday, marking a 4.74% decline for the…