Author: admin

The USD/CAD pair trades flat around 1.3885 during the European trading session on Wednesday. The Loonie pair consolidates ahead of the United States (US) Producer Price Index (PPI) data for October and November, and the Retail Sales data for November.However, the impact of the data is expected to be limited as they are not the latest, and it seems unlikely to influence market expectations for the Federal Reserve’s (Fed) monetary policy outlook.According to the CME FedWatch tool, the Fed is certain to hold interest rates steady in the current range of 3.50%-3.75% in the policy meeting later this month.Meanwhile, the…

The rupee pared initial gains and settled for the day 6 paise lower at 90.29 (provisional) against the US dollar on Wednesday, as the likely central bank intervention was negated by a strong dollar, foreign outflows from capital markets, and elevated crude oil prices.Forex traders said the rupee is likely to trade with a negative bias on risk aversion in global markets and geopolitical tensions, however, rising odds of a rate cut amid softening inflation and any intervention by the central bank may support the rupee at lower levels.At the interbank foreign exchange, the rupee opened at 90.26 and touched…

EUR/JPY extends its winning streak for the fourth successive session and reaches fresh all-time highs, trading around 185.40 during the early European hours on Wednesday. The currency cross appreciates as the Japanese Yen (JPY) weakens amid mounting concerns over the country’s fiscal health and monetary policy concerns.Bloomberg reported on Wednesday that Bank of Japan (BoJ) Governor Kazuo Ueda said he remains prepared to raise interest rates if economic and price developments align with forecasts and wages and prices continue to rise moderately.However, a private survey showed manufacturing activity slowing due to trade frictions, while tourism-related disruptions are weighing on services,…

The rupee rebounded from low levels and gained 11 paise to trade at 90.12 against the US dollar in early deals on Wednesday, tracking lower crude oil prices and retreating American currency overseas. Domestic equity markets also showed resilience even as traders stayed cautious, watching geopolitical developments and awaiting US inflation numbers that are expected to provide cues for the Federal Reserve’s policy move, forex analysts said. At the interbank foreign exchange, the rupee opened at 90.26 and strengthened up to 89.94 level before trading at 90.12 against the greenback, 11 paise higher from the closing level of the previous…

On Tuesday, the rupee declined 6 paise to close at 90.23 against the US dollar. The rupee rebounded from low levels and gained 11 paise to trade at 90.12 against the US dollar in early deals on Wednesday, tracking lower crude oil prices and retreating American currency overseas.Domestic equity markets also showed resilience even as traders stayed cautious, watching geopolitical developments and awaiting US inflation numbers that are expected to provide cues for the Federal Reserve’s policy move, forex analysts said.At the interbank foreign exchange, the rupee opened at 90.26 and strengthened up to 89.94 level before trading at 90.12…

Silver price (XAG/USD) extends its winning streak for the fourth trading day on Wednesday. The white metal rallies further to near $90.00 during the Asian trading session as demand for safe-haven assets remains firm amid geopolitical tensions.Civil unrest in Iran as the general public demands political change due to surging inflation, falling Rial against the US Dollar (USD), and the government’s corruption has resulted in the killing of hundreds of protesters.In response, United States (US) President Donald Trump has warned the military action in Tehran if the government continues killing protesters.Meanwhile, higher concerns over Federal Reserve’s (Fed) independence, following criminal…

EUR/USD trades with losses on Tuesday even though the latest inflation in the United States was benign, hinting that the Federal Reserve could indeed reduce interest rates as priced in by the financial markets. At the time of writing, the pair trades at 1.1642, down by over 0.20%.Euro weakens despite benign US inflation, as firm jobs data and Fed rhetoric boost the DollarThe Greenback recovered some ground after the December Consumer Price Index (CPI) in the US was mostly aligned with estimates, with underlying inflation ticking a tenth lower on the annual print. This would justify rate cuts by the…

Fed’s Musalem (St Louis) said the US economy is likely to grow at or above its potential in 2026, helped by fiscal support and the lagged effects of earlier rate cuts. He noted that inflation remains closer to 3% than 2% but is expected to ease over the year, arguing that policy is now around neutral and well positioned to respond in either direction as the labour market continues to cool in an orderly way.I expect the economy to grow at or above potential in 2026.Inflation is closer to 3% than 2%, but we anticipate it will ebb this year;…

The AUD/JPY pair trades 0.3% higher to near 106.46 during the European trading session on Tuesday. The pair jumps higher as the Japanese Yen (JPY) underperforms its peers amid uncertainty surrounding Japan’s political outlook. 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 British Pound. USDEURGBPJPYCADAUDNZDCHFUSD-0.01%-0.06%0.46%0.00%0.16%0.04%0.09%EUR0.01%-0.04%0.48%0.02%0.17%0.05%0.10%GBP0.06%0.04%0.49%0.07%0.22%0.09%0.14%JPY-0.46%-0.48%-0.49%-0.44%-0.28%-0.42%-0.36%CAD-0.01%-0.02%-0.07%0.44%0.15%0.02%0.07%AUD-0.16%-0.17%-0.22%0.28%-0.15%-0.12%-0.07%NZD-0.04%-0.05%-0.09%0.42%-0.02%0.12%0.05%CHF-0.09%-0.10%-0.14%0.36%-0.07%0.07%-0.05% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick…

The rupee declined 4 paise to close at 90.21 (provisional) against the US dollar on Tuesday, weighed down by higher crude oil prices, a firm American currency and incessant outflow of foreign funds. Analysts said geopolitical tensions and weak equity markets also put pressure on the Indian currency. At the interbank foreign exchange, the rupee opened at 90.24 and touched the intra-day low of 90.30 against the greenback. The currency ended the session at 90.21 (provisional) against the dollar, down 4 paise from its previous close. On Monday, the rupee ended 1 paisa higher at 90.17 against the US dollar.…