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The GBP/USD pair extends on Friday its losses for the fourth straight day, poised to finish the week down more than 2% as political turmoil in the UK and increased speculation that Prime Minister Keir Starmer’s successor could widen fiscal deficits weigh on the currency. At the time of writing, GBP/USD trades at 1.3343, its lowest level since April 8.GBP/USD drops as Starmer pressure and Oil shock deepenRisk aversion dominates the financial market as US President Donald Trump said that he is not happy with Iran. “I am not going to be much more patient,” he added, pressuring Tehran to…
The rupee has closed at all-time closing lows in each of the five trading sessions this week The rupee on Friday breached the 96 to the dollar mark for the first time, as US President Donald Trump’s latest social media post warning that the “war (West Asia) is to be continued” pushed crude oil prices up.Further, continuous sales by FPIs in the domestic equity markets pressured the Indian currency.However, the rupee closed a shade below the 96 mark, as RBI intervened in the market via dollar sales by State-owned banks.The Indian unit hit record intraday as well, closing lows of…
Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed’s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum. Short-end Treasury yields broke above 4%, while the 10-year yield reached a 10‑month high, underpinning the Dollar’s performance.Firm US data and yields back Dollar”And in turn, 2yr Treasury yields (+3.9bps) rose above 4% for the first time since June 2025.””The moves were more muted further out the curve however, with the 10yr Treasury yield (+1.3bps) inching up to a 10-month…
Rupee weakened to an all-time low on Friday, as oil prices neared $110 per barrel, intensifying economic challenges for the world’s third-biggest crude importer, with strains emerging in key indicators.The rupee fell 0.4% to 96.1350 per U.S. dollar, eclipsing its previous all-time low of 95.9575 hit in the previous session.The rupee ended the session at 95.9650, down 1.5% week-on-week.The currency has declined over 6% year-to-date and is Asia’s worst-performing unit, battered by persistent capital outflows and worries over the balance of payments strain as the Iran war keeps energy prices on the boil.Brent crude futures rose over 3% to $109…
The Indian rupee fell to an all-time low on Friday, as oil prices neared $110 per barrel, deepening challenges for India’s external sector, which have started to reflect in economic indicators.The rupee fell 0.3% to 96.05 per US dollar, eclipsing its previous all-time low of 95.9575 in the previous session.Published on May 15, 2026 Source
The GBP/JPY cross attracts some follow-through selling for the second consecutive day and drops to a one-and-a-half-week low during the early European session on Friday. Spot prices, however, rebounded a few pips in the last hour and currently trade near the 211.75 region, down 0.25% for the day.The British Pound (GBP) continues with its underperformance in the wake of the deepening UK political crisis and turns out to be a key factor weighing on the GBP/JPY cross. The downside, however, remains cushioned amid a broadly weaker Japanese Yen (JPY), led by concerns about economic risks stemming from the Middle East…
The dollar rode US Treasury yields higher on Friday and was set for its biggest weekly gain in more than two months, as mounting inflationary pressures from higher energy prices fuelled bets on a Federal Reserve rate hike this year.The dollar’s climb gathered pace as traders in London came online, rising alongside US Treasury yields that hit one-year peaks, as traders ramped up bets that the Fed would need to raise rates this year.Against the greenback, the euro fell to a one-month low of $1.1635 and was set to lose more than 1.2% for the week.The yen struggled on the…
The Indian rupee slipped on Friday and was on course for an over 1% weekly drop, as oil prices held above $100 per barrel, while dollar sales by state-run banks helped the currency avoid a record low, traders said. The rupee fell 0.2% to 95.94, hovering near its record low of 95.9575 hit in the previous session. Brent oil prices gained more than 1% to $107 per barrel after U.S. President Donald Trump said he would not be “much more patient” with Iran.The more than five-week ceasefire between the U.S. and Iran remains fragile, with neither side appearing close to…
The USD/INR pair, which had slumped to 95.96 against the American currency on Thursday, recovered sharply after reports surfaced that India is considering a major cut in taxes paid by foreign investors on Indian bonds. | Photo Credit: istock.com The rupee opened on a weaker note and fell 30 paise to 95.94 on Friday after hitting new lows over three straight sessions, as elevated crude oil prices, a strong dollar, and concerns over the West Asia crisis weighed on investor sentiment.Forex traders said USD-INR is under pressure and hovering very close to the 96 mark as dollar buying continues amid…
Gold (XAU/USD) is seen extending this week’s pullback from the monthly peak and drifting lower for the fourth straight day on Friday amid a sustained US Dollar (USD) buying interest. In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, climbs to its highest level since April 8 amid a combination of factors. Stalled US-Iran peace talks, amid major disagreements over Tehran’s nuclear program and the Strait of Hormuz, keep geopolitical risks in play. Moreover, rising bets for interest rate hikes by the US Federal Reserve (Fed) lend additional support to the USD and undermine…