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The rupee depreciated 20 paise to 90.07 against the US dollar in early trade on Wednesday, facing pressure from importer dollar demand, tariff concerns and market anticipation of US FED Reserve policy decision. Forex traders said all eyes will be on the US-India trade talks which could give some positivity to the rupee in the coming days. India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement here from December 10. At the interbank foreign exchange, the rupee opened at 90.00 against the US dollar, then lost ground and fell to…

The USD/CAD pair trades marginally higher to near 1.3855 during the Asian trading session on Wednesday. The Loonie pair is expected to trade broadly sideways as investors await monetary policy announcements by the Bank of Canada (BoC) and the Federal Reserve (Fed), which are scheduled for the North American session.At the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades flat around 99.25, following an upside move the previous day. The DXY attracted bids on Tuesday after the release of the surprisingly upbeat United States (US) JOLTS Job Openings data for October.…

GBP/USD eased back toward the midrange on Tuesday, shedding around one-fifth of one percent after facing an intraday technical rejection from the 1.3350 level. Price action has slumped back into the 1.3300 handle and is holding just north of the long-term 200-day Exponential Moving Average (EMA) near 1.3250 as markets hunker down for the last Federal Reserve (Fed) interest rate decision of 2025.Fed on deck, rate cut expected but tone mattersInvestors are mainly focused on the Fed’s interest rate decision scheduled for December 10, which is widely anticipated to result in a third consecutive quarter-point reduction. Fed funds futures currently…

Bank of England (BoE) Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for Monetary Policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report.Key takeawaysBoE’s Ramsden :Gradual removal of policy restraint appropriate.I do not currently think there is evidence to suggest that the economy is developing out of line with our baseline forecasts.”BoE’s Lombardelli :I worry more about upside risks to inflation.I put weight on structural factors pushing up inflation.I am less convinced than others about how restrictive policy is.Might slow down rate cutting pace…

United States (US) President Donald Trump criticizes Federal Reserve (Fed) Chair Jerome Powell, in an interview with Politico during the European trading session on Tuesday, for not reducing interest rates, calling him “not a smart person”. Trump also talked about the current status of truce discussions with Russia and Ukraine.Additional remarksWould make support for immediately slashing interest rates as a litmus test in the choice of a new Fed chair (well, duh).Ukraine hasn’t had an election in a long time.No question Russia has a stronger position.On Ukraine: Europe is not handling it well.Europe nations are ‘decaying, leaders are ‘weak’.Trump denies…

The rupee pared its initial losses and settled for the day in the positive territory, up 17 paise at 89.88 (provisional) against the US dollar on Tuesday, as American currency and crude oil prices retreated from their elevated levels. Forex traders said the weakness of the US dollar in the overseas market, amid expectations of a US Fed rate cut in December, supported the rupee at lower levels. However, a negative trend in domestic equities and foreign fund outflows weighed on investor sentiment, limiting the local unit’s appreciation. Moreover, investors are in a wait-and-watch mode, and market participants are awaiting…

Gold (XAU/USD) trades with a negative bias for the third straight day and drops to a one-week low, around the $4,170 region, during the early European session on Tuesday. The downtick lacks any obvious fundamental catalyst and could be attributed to some repositioning trade ahead of the highly anticipated FOMC policy meeting, starting later today. Investors will keep a close eye on updated economic projections, including the so-called dot plot, and Federal Reserve (Fed) Chair Jerome Powell’s post-meeting press conference for cues about the future rate-cut path. This, in turn, will play a key role in influencing the US Dollar…

On Monday, the rupee settled at 90.05 against the US dollar | Photo Credit: Anjana C _11700@Chennai The rupee depreciated 10 paise to 90.15 against the US dollar in early trade on Tuesday, as dollar demand from corporates, importers and foreign portfolio investors dented investors’ sentiments.Forex traders said investors are in a wait and watch mode and market participants are waiting for clarity from the US Fed before taking decisive positions.At the interbank foreign exchange, the rupee opened at 90.15 against the US dollar, down 10 paise from its previous close.On Monday, the rupee settled at 90.05 against the US…

The AUD/NZD pair falls sharply to near 1.1440 as the Reserve Bank of Australia (RBA) has kept its Official Cash Rate (OCR) steady at 3.6%. The RBA was expected to do so as inflation in Australia grew at a faster pace in the third quarter of the year. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Swiss Franc. USDEURGBPJPYCADAUDNZDCHFUSD-0.08%-0.03%-0.05%-0.05%0.07%-0.08%-0.11%EUR0.08%0.04%0.02%0.02%0.14%-0.01%-0.03%GBP0.03%-0.04%0.00%-0.02%0.09%-0.05%-0.07%JPY0.05%-0.02%0.00%0.00%0.11%-0.04%-0.06%CAD0.05%-0.02%0.02%-0.00%0.11%-0.04%-0.05%AUD-0.07%-0.14%-0.09%-0.11%-0.11%-0.14%-0.16%NZD0.08%0.00%0.05%0.04%0.04%0.14%-0.02%CHF0.11%0.03%0.07%0.06%0.05%0.16%0.02% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while…

The Reserve Bank of Australia (RBA) is on track to leave the Official Cash Rate (OCR) unadjusted at 3.6%, following the conclusion of its December monetary policy meeting on Tuesday.The decision will be announced at 03:30 GMT, accompanied by the Monetary Policy Statement (MPS). RBA Governor Michele Bullock’s press conference will follow at 04:30 GMT.The language in the MPS and Bullock’s press conference will likely ramp up volatility around the Australian Dollar (AUD).Will RBA hint at a hawkish pivot?Since the November monetary policy meeting, inflation has surprised to the upside and economic growth has regained momentum.Both indicators justify the expected…