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The Euro (EUR) failed to sustain gains following the European Central Bank (ECB) decision, even as unchanged rates and upgraded growth projections reinforced the view that the easing cycle has ended, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. Markets see ECB easing cycle as complete”The EUR failed to hold gains made around the ECB policy decision yesterday despite some bullish cues. No change in rates and some upgrades to the growth outlook helped reinforce the view that ECB’s easing cycle is complete.””President Lagarde would not be drawn on the rate outlook when questioned but the usual post-meeting…

The Canadian Dollar (CAD) is edging lower in tandem with its peers as the US Dollar (USD) firms into the end of the week, though downside pressure remains contained. Softer oil prices and a cautious risk backdrop are mild headwinds, but tightening front-end swap spreads continue to anchor the CAD near fair value, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. USD/CAD tests top of weekly range near 1.38″The CAD is drifting a little lower, in line with its peers as the USD gains broadly. A cautious risk mood and still soft crude prices remain minor headwinds for…

The rupee gained a solid 97 paise to close at 89.27 against the US dollar on the last day of the week that saw the currency’s fall beyond 91 for the first time ever.This marked the third day of appreciation in a row, bouncing back from the all-time low of 91.08 seen Tuesday. This is also the strongest closing level since November 26.A likely central bank intervention at the fag end of Friday’s trade helped the currency gain sharply, poeple tracking the market said. Before that the rupee traded between 89.95 and 90.30. It opened at 90.13 against Thursday’s close…

The European Central Bank (ECB) kept policy rates unchanged, reinforcing its flexible, data-dependent stance. While not committing to a hike, President Lagarde emphasized that all options remain on the table, supporting expectations that the easing cycle may have ended. EUR/USD remains supported, with technicals favoring buy-on-dips despite a corrective pullback risk. Pair was last seen at 1.1713 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.Lagarde leaves all policy options open amid improved growth outlook”The ECB left policy rates unchanged, as widely expected, marking the 4th consecutive meeting on hold. Lagarde reiterated that the Governing Council remains in a…

The rupee appreciated 54 paise to close at 89.66 (provisional) against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices. Forex traders said a positive trend in domestic equities and Brent crude oil prices hovering near $59 per barrel supported the domestic unit at lower levels. The gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks, likely on intervention from the Reserve Bank of India, they added. At the interbank foreign exchange, the rupee opened at 90.19 against the US dollar, then recovered some lost ground to touch…

The rupee appreciated 54 paise to close at 89.66 (provisional) against the US dollar on Friday, supported by corporate dollar inflows and easing crude oil prices. Forex traders said a positive trend in domestic equities and Brent crude oil prices hovering near USD 59 per barrel supported the domestic unit at lower levels. The gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks, likely on intervention from the Reserve Bank of India, they added.At the interbank foreign exchange, the rupee opened at 90.19 against the US dollar, then recovered some lost ground to touch…

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive session and trading around 98.60 during the European hours on Friday. Traders will likely observe the University of Michigan Consumer Sentiment Index for December later in the day.The upside of the US Dollar could be limited amid rising expectations of US Federal Reserve (Fed) rate cuts following the unexpectedly cooled US Consumer Price Index (CPI) inflation in November. The CME FedWatch tool shows a 73.3% probability of rates being held at the Fed’s January meeting,…

The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices. Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India. Moreover, crude oil prices hovering around USD 59 per barrel level supported market sentiment.At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, then gained some ground and touched 89.96 against the US dollar, registering a gain of 24 paise over…

At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, then gained some ground and touched 89.96 against the US dollar, registering a gain of 24 paise over its previous close. The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.Moreover, crude oil prices hovering around $59 per barrel level supported market…

Silver price (XAG/USD) falls to around $64.95 during the Asian trading hours on Friday. The white metal retreats after hitting a record high in the previous sessions as traders book profits. The potential downside for Silver might be limited amid hopes of further US interest rate cuts following signs of a cooling inflation in the US. Fresh US economic data on Thursday showed inflation cooled unexpectedly in November. The US Consumer Price Index (CPI) declined to 2.7% YoY in November, according to the US Bureau of Labor Statistics (BLS). This reading came in softer than the 3.1% expected. Meanwhile, US core…