Author: admin

The Indian rupee endured its sharpest drop in more than a month on Monday to end at it weakest closing level on record as a run-up in crude prices battered the currency after U.S. President Donald Trump rejected Iran’s response to a U.S. peace proposal. The rupee fell nearly 0.9% ‌to 95.31 ⁠per dollar ⁠in its steepest single-day drop since March 27, tracking losses in regional peers. Brent crude rose 2.5% to $103.8 per barrel as shipping through the Strait of Hormuz, a key energy artery handling about a fifth of global oil and liquefied natural gas flows, remained paralysed.…

Rabobank’s Global Strategist Michael Every highlights United States (US) legislative moves on US Dollar (USD) stablecoins via the CLARITY and GENIUS Acts, stressing how reward structures could entrench Dollar-linked digital assets in global finance. Every contrasts this with the European Central Bank’s (ECB) scepticism on Euro (EUR) stablecoins and notes that a stronger EUR role would require deeper capital markets and a larger safe-asset pool, not just payments innovation.US stablecoins versus Euro alternatives”Meanwhile, a revolution may be taking place in the geoeconomic sphere. The CLARITY Act working its way through the US Congress as companion to the GENIUS Act that…

The rupee opened about 73 paise weaker on Monday as crude oil prices spiked amid Iran rejecting US proposals to end the war and continued FPI-related outflows, which dragged down domestic equities. It is now back over the 95 level.The Indian currency opened sharply weaker at 94.9750 per US Dollar against the previous close of 94.25. It is currently trading at 95.20 level.Brent crude oil surged over 4% to exceed $105 per barrel. This has a direct impact on the Rupee as India has to pay more for its oil imports. Further, it also has an inflationary effect in the…

For years, conversations around the Indian rupee have revolved almost entirely around one currency — the US dollar. Every fresh record low against the greenback in the last couple of months sparked debate over oil prices, inflation, and foreign outflows. But over the past year, a far bigger and more striking trend has quietly unfolded beneath the surface: the rupee has weakened against every major global currency and its steepest fall hasn’t even been against the dollar.Data shows that the Indian rupee has fallen the most against the Australian dollar, sliding more than 25% since May last year. The Chinese…

The USD/CHF pair holds opening gains around 0.7785 during the Asian trading session on Monday. The Swiss Franc pair reflects strength as the US Dollar (USD) outperforms its peers amid the return of the risk-off impulse due to diminished hopes of an immediate breakthrough in negotiations between the United States (US) and Iran. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD0.24%0.31%0.31%0.08%0.21%0.34%0.30%EUR-0.24%0.08%0.04%-0.19%-0.02%0.11%0.06%GBP-0.31%-0.08%0.00%-0.26%-0.09%0.02%-0.02%JPY-0.31%-0.04%0.00%-0.24%-0.06%0.05%-0.01%CAD-0.08%0.19%0.26%0.24%0.17%0.24%0.23%AUD-0.21%0.02%0.09%0.06%-0.17%0.11%0.07%NZD-0.34%-0.11%-0.02%-0.05%-0.24%-0.11%-0.03%CHF-0.30%-0.06%0.02%0.00%-0.23%-0.07%0.03% The heat map shows percentage changes of major currencies against each other. The base currency is…

China’s CPI, PPI OverviewThe National Bureau of Statistics of China (NBS) will publish its data for April at 01.30 GMT. The Consumer Price Index (CPI) is expected to show an increase of 0.8% YoY in April, compared to 1.0% in March. The Producer Price Index (PPI) is projected to show a rise of 1.5% in March versus an increase of 0.5% prior.The CPI is a key indicator to measure inflation and changes in purchasing trends. The YoY reading compares prices in the reference month to the same month a year earlier. Meanwhile, the PPI is a measurement of the rate of inflation…

Iran has sent its response to the United States (US) proposal via Pakistan on Sunday, according to the Islamic Republic News Agency (IRNA).Sources familiar with the matter and as reported by Reuters, the current efforts are aimed at a temporary memorandum of understanding to halt the war and allow traffic through the Strait of Hormuz while they discuss a fuller deal, which would have to address tougher issues, such as Iran’s nuclear program.This is a developing story Source

Rabobank strategists assess how the US and Israel’s war against Iran could affect China. They note higher Oil and gas prices and global cost-push inflation, but argues China’s inflation is unlikely to force PBOC tightening. However, Rabobank cuts China’s 2026 Gross Domestic Product (GDP) forecast to 4.5%, with higher inflation and unemployment expected.War-driven shocks and China’s resilience”Oil and gas prices have shot up and have remained extremely volatile since the start of the US and Israel’s war against Iran, leading to upside inflation risks globally.””China has been well prepared for oil supply disruptions and could partially make up for the…

ING’s Chief Economist for Greater China, Lynn Song, notes that Taiwan’s April trade data showed slower export and import growth versus expectations, with the trade surplus easing to USD14.35bn. Semiconductor and machinery exports remained strong, while higher Oil prices started to lift import values. ING still expects robust trade momentum and sees upside risks to its 2026 Gross Domestic Product (GDP) growth forecast of 8.2% YoY.Exports miss forecasts but momentum holds”Taiwan’s export growth slowed to 39.0% YoY in April, down from 61.8% YoY in March, and falling well short of market forecasts on the month.””One area where Taiwan is continuing…

Standard Chartered’s Aldian Taloputra notes Indonesia’s GDP growth accelerated to 5.6% year-on-year in Q1 2026, driven by front-loaded fiscal stimulus, seasonal festival spending and limited pass-through from higher Oil prices. The bank expects growth to ease as these one-off supports fade, keeps its 2026 GDP forecast at 5.2%, and now projects a wider 2026 fiscal deficit of 2.9% of GDP.Q1 strength seen as unsustainable”Indonesia’s GDP growth accelerated to 5.6% y/y in Q1 (from 5.4% the previous quarter), the fastest pace since 2022.””Despite the strong Q1 headline print, growth remains government-driven; private-sector momentum remains modest given cautious business sentiment and subdued…