Author: admin
The rupee appreciated by 6 paise to 93.27 against the US dollar in early trade on Thursday, driven by retreating crude oil prices and a weakening American currency, amid hopes of a truce in West Asia.According to forex analysts, crude oil prices hovering below the USD 95-a-barrel level sent positive cues to investors in domestic equities, even though the outflow of foreign capital and demands for dollars from importers resisted a sharp recovery in the rupee.At the interbank foreign exchange market, the rupee opened at 93.29 and gained further, trading at 93.27 against the greenback in early deals, up 6…
NZD/USD remains stronger for the fourth consecutive day, trading around 0.5920 during the Asian hours on Thursday. The pair remains stronger following China’s first-quarter Gross Domestic Product figures. China’s economic change could impact the NZD as a key trading partner for New Zealand.China’s economy expanded 1.3% quarter-over-quarter (QoQ) in the first quarter (Q1) of 2026, compared to a 1.2% growth in Q4 of 2025, coming in line with the market consensus. On an annual basis, the Chinese Gross Domestic Product (GDP) rate rose 5.0% in Q1 after advancing 4.5% in the previous quarter, stronger than the market expectation of 4.8%…
Australia will publish the monthly employment report for March on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20K new jobs in the month, while the Unemployment Rate is forecast at 4.3%, unchanged from February. The Participation Rate, in the meantime, stood at 66.9% in the previous month.The ABS reports both full-time and part-time positions through the monthly Employment Change. Generally speaking, full-time jobs entail working 38 hours or more per week, usually include additional benefits, and typically provide a…
West Texas Intermediate (WTI) US Oil trades around $89.10 on Wednesday at the time of writing, remaining broadly stable on the day after earlier falling to a three-week low near $85. The Oil market is caught between escalating geopolitical tensions in the Middle East and renewed hopes for diplomatic progress between the United States (US) and Iran.On the geopolitical front, a report from The Washington Post indicates that the US administration is preparing to deploy thousands of additional troops to the Middle East in the coming days. The move is reportedly part of a broader strategy by Washington to intensify…
Rabobank Senior FX Strategist Jane Foley discusses EUR/GBP in light of shifting expectations for the European Central Bank (ECB) and Bank of England (BoE). She notes that EUR/GBP has traded with a downside bias recently but sees this fading as spring progresses. With UK growth concerns, political risks and limited BoE tightening, Foley expects EUR/GBP to grind higher towards 0.88 into the autumn.Rabobank sees downside bias fading”Since the start of this month, EUR/GBP has been trading in a fairly narrow range, albeit with a downside bias. However, heading further into the spring we see the downside bias as running out…
The Indian rupee closed nearly unchanged on Wednesday, wedged between comfort from a decline in crude oil prices and persistent dollar demand from local importers, including oil marketing companies.The currency ended the session at 93.3725 per dollar, compared with its previous close of 93.3750.During the day, the rupee rose to 93.13, before giving up the gains as importers stepped in to lock in hedges, traders said. The price-action was echoed by dollar-rupee far forward premiums which also nudged higher following an early retreat. Global markets were boosted by the prospect of fresh peace talks between the U.S. and Iran this…
At the interbank foreign exchange market, the rupee opened at 93.19 and touched the intraday high of 93.13 against the greenback. The rupee pared initial gains to settle 9 paise lower at 93.44 (provisional) against the US dollar on Wednesday, as rising crude oil prices after a sharp fall and higher domestic inflation data dampened sentiment.According to forex analysts, strong buying in domestic equities failed to support the rupee even as it gained initially after US President Donald Trump said that a second round of talks with Iran could be held “over the next two days”.At the interbank foreign exchange…
The Indian Rupee (INR) gains against the US Dollar (USD) on Wednesday after a holiday the previous day due to Dr. Baba Saheb Ambedkar Jayanti. The USD/INR pair falls to near 93.20 as a sharp decline in the oil price and upbeat market sentiment due to growing expectations that the United States (US) and Iran could reach a permanent ceasefire soon have improved the Indian Rupee’s appeal.Trump expects war with Iran to be very close to being overEarlier in the day, US President Donald Trump said in an interview with Fox Business, “I think it’s close to over, yeah. I…
The Indian rupee strengthened on Wednesday, as a retreat in oil prices soothed investor nerves amid hopes of the U.S. and Iran resuming peace talks this week. Equities in Mumbai leapt higher while bonds also rose as Brent crude oil futures stayed below $100 per barrel after U.S. President Donald Trump said talks with Iran could resume in Pakistan over the next two days. Asian stocks rose more than 1% with stocks in Korea, Taiwan and India leading the charge. Ceasefire hopes have helped MSCI’s gauge of Asian stocks wipe out most of its losses since the Iran war started…
The rupee recovered 20 paise to 93.15 against the US dollar in early trade on Wednesday, backed by lower levels of crude oil prices and a weak American currency amid hopes of resuming US-Iran peace talks.Investor sentiment turned positive after US President Donald Trump said that a second round of talks with Iran could be held “over the next two days”.The latest remarks, which came days after the two sides failed to reach a peaceful resolution to the conflict in West Asia, led to a sharp decline in crude oil prices, boosting the risk appetite for market participants, forex analysts…