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The USD/JPY pair trades 0.17% higher to near 156.30 during the Asian trading session on Tuesday. The pair gains as the Japanese Yen (JPY) is slightly under pressure, even as the Bank of Japan (BoJ) Summary of Opinions (SOP) for the December meeting, released on Monday, showed that policymakers advocated remaining on the monetary tightening path in 2026. 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 Australian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.02%0.01%0.16%-0.06%-0.18%-0.04%-0.07%EUR0.02%0.03%0.18%-0.04%-0.16%-0.02%-0.05%GBP-0.01%-0.03%0.17%-0.05%-0.19%-0.05%-0.09%JPY-0.16%-0.18%-0.17%-0.21%-0.33%-0.20%-0.18%CAD0.06%0.04%0.05%0.21%-0.11%0.02%-0.02%AUD0.18%0.16%0.19%0.33%0.11%0.14%0.10%NZD0.04%0.02%0.05%0.20%-0.02%-0.14%-0.04%CHF0.07%0.05%0.09%0.18%0.02%-0.10%0.04% The heat map shows percentage changes of major currencies against each other.…
The EUR/USD pair holds steady near 1.1770 during the early Asian session on Tuesday. Traders continue to price in the prospect of further rate cuts by the US Federal Reserve (Fed) in 2026, following the 25-basis-point rate reduction delivered at the December meeting. The release of the Federal Open Market Committee (FOMC) Minutes will be in the spotlight later on Tuesday. The economic calendar is thin in most markets ahead of the New Year holiday. Data released by the National Association of Realtors on Monday showed that the US Pending Home Sales rose 3.3% MoM in November after an upwardly revised 2.4% gain in…
Gold (XAU/USD) drops sharply on Monday, down 4.50% and trading near $4,330 at the time of writing, after hitting a fresh all-time high at the end of last week. The precious metal is facing strong profit-taking in a thin liquidity environment ahead of the year-end holidays, which is amplifying the corrective move following the sharp rally seen in recent months.A moderate rebound in the US Dollar (USD) is also adding pressure on Gold, as it makes the metal more expensive for non-US buyers. This recovery in the Greenback comes as some investors adjust their positions before the end of the…
EUR/GBP trades around 0.8715 on Monday at the time of writing, slightly lower for the day. The cross pauses following the previous session’s gains, as the Pound Sterling (GBP) benefits from a cautious yet relatively firm tone surrounding the monetary policy outlook of the Bank of England (BoE).The British currency is underpinned by recent comments from BoE Governor Andrew Bailey, who indicated that interest rates are expected to ease further in a gradual manner. He nevertheless stressed that the scope for additional cuts is limited as rates approach their neutral level, adding that future moves will be finely balanced and…
The Indian rupee weakened for a third straight session on Monday as corporate dollar demand via private banks pressured the currency, with bids at the central bank’s reference rate adding to the drag, traders said. The rupee closed at 89.9750 per U.S. dollar, softer than Friday’s 89.85 finish. It opened at 89.88 and slipped steadily through the session.”Apart from corporate dollar demand, there was hardly any activity from traders or speculators, which was clear as volumes remained shallow,” a trader with a private bank said.Earlier in the day, bankers were willing to pay a roughly 1.5-paisa premium to buy dollars…
The rupee depreciated eight paise to close at 89.98 (provisional) against the US dollar on Monday, weighed down by foreign fund outflows and a negative trend in domestic equities. Forex traders said persistent capital withdrawals from foreign investors, alongside heightened dollar demand from importers, dented investor sentiments. At the interbank foreign exchange, the local unit opened at 89.95 against the dollar and touched an intra-day low of 89.99 and a high of 89.88. At the end of Monday’s trading session, the rupee was quoted at 89.98 (provisional) against the greenback. On Friday, the rupee depreciated 19 paise to close at…
It crossed the 90-per-dollar mark in the first week of December, marking one of the fastest declines in recent times and raising concerns despite supportive domestic macroeconomic indicators. | Photo Credit: iStockphoto The Indian rupee, which breached the psychological level of 90 against the US dollar earlier this month, has shown signs of stabilisation, with recent movements indicating that the worst phase of depreciation may be behind, according to a market report by Invesco Mutual Fund.The report noted, “While it’s too early to call a trend, this development hints at a potential stabilisation in the near term.” The rupee depreciated…
EUR/GBP inches lower after registering gains in the previous session, trading around 0.8720 during the early European hours on Monday. The currency cross depreciates as the Pound Sterling (GBP) gains on a cautious tone surrounding the Bank of England’s (BoE) policy outlook.BoE Governor Andrew Bailey signaled that interest rates are expected to ease further in a gradual manner, but cautioned that the scope for additional cuts is limited as rates approach their neutral level. Any moves beyond the latest cut are likely to be finely balanced and strongly driven by incoming data.The BoE lowered the policy rate by 25 bpp…
On Friday, the rupee depreciated 19 paise to close at 89.90 against the US dollar. | Photo Credit: iStockphoto The rupee fell 5 paise to 89.95 against the US dollar in early trade on Monday amid foreign fund outflows and a muted opening in the domestic equity markets.Forex traders said foreign portfolio investors continue to offload Indian equities, which has been weighing on the Indian rupee in the last few months. At the interbank foreign exchange, the local unit opened at 89.95 against the dollar, down 5 paise from its previous close.On Friday, the rupee depreciated 19 paise to close…
Silver price (XAG/USD) retraces to near $75.00 in the Asian trading session on Monday from its all-time high of $84.03 posted in opening trading hours. The white metal gives up its intraday gains and turns slightly negative as United States (US) President Donald Trump has signaled progress in peace talks between Russia and Ukraine.US President Donald Trump and Ukrainian President Volodymyr Zelensky have stated after a meeting in Florida, earlier in the day, that a deal on pace in Ukraine is close to being reached, flagging some key issues remaining unresolved, such as how much territory Ukraine will hand over…