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The rupee declined 6 paise to 88.72 against the US dollar in early trade on Monday amid a firm American currency and relentless outflow of foreign capital. Positive sentiment in domestic equity markets and lower crude oil prices overseas, however, prevented a sharp fall in the Indian currency, forex analysts said. They said investors are also watching the progress on the proposed India-US trade deal as well as the domestic PMI data to be released later this week. At the interbank foreign exchange market, the rupee opened at 88.70 and slipped further to trade at 88.72 against the greenback in…

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 99.50 during the Asian hours on Monday.The US yields on the 2- and 10-year Treasury notes have slipped to 3.60% and 4.14%, respectively, as investors temper expectations for an imminent Federal Reserve rate cut. The CME FedWatch Tool suggests that financial markets are now pricing in a 46% chance that the Fed will cut its benchmark overnight borrowing rate by 25 basis points (bps) at its December meeting, down from…

The Indian rupee is set to open the week under pressure following weakness in Asian peers, while traders expect the central bank’s well established support zone to limit losses, holding the pair inside a narrow range.The 1-month non-deliverable forward indicated the rupee will open largely flat against the US dollar, having settled at 88.7425 on Friday.Currency traders said the rupee will likely continue in a rangebound phase on Monday, stuck between regional cues and the Reserve Bank of India’s staunch defence of the 88.80 level, barring a significant turn in Fed rate expectations or definitive news on a US–India trade…

Gold price (XAU/USD) recovers some lost ground to near $4,105, snapping the two-day losing streak during the early European session on Friday. The precious metal edges higher on the softer US Dollar (USD).  Traders will take more cues from the Fedspeak later on Monday. The Fed’s John Williams, Philip Jefferson, Neel Kashkari and Christopher Waller are set to speak. Improved market sentiment after the federal government reopened undermined the safe-haven assets, such as the Gold price. The US government has reopened after US President Donald Trump signed a funding bill into law last week, ending the longest shutdown in US history, which…

Jefferies attributed this potential stabilisation (bottoming out) to India’s resilient macroeconomics. | Photo Credit: VIJAY BATE India’s currency rupee may finally have bottomed out after a persistent weakness, according to Jefferies. In its latest GREED & fear report, the global financial services firm highlighted a “growing likelihood that the rupee has bottomed” following its months-long depreciation.The Indian currency, Jefferies noted in the report, has been “the worst performer year to date amongst major emerging market currencies,” having declined 3.4 per cent in 2025 to trade near ₹88.7 per US dollar.”The rupee has bottomed after being the worst performer year to…

The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the 1.1600 figure, paving the way for further upside.Euro ends slightly lower Friday but posts weekly gains, supported by mixed Fed signals and steady Eurozone growthSince Wednesday, the majority of Federal Reserve officials remained hawkish. Regional Fed bank presidents, led by Beth Hammack, Raphael Bostic, Alberto Musalem, Susan Collins, Neel Kashkari and Jeffrey Schmid favored a modestly restrictive monetary policy,On…

The Dow Jones Industrial Average (DJIA) lagged behind its major index peers on Friday, backsliding nearly 600 points at its lowest before staging a half-hearted recovery, trimming the day’s losses to around 150 points. The AI-focused tech sector is recovering from mid-week losses that continue to plague the steeply overinvested market segment. However, a recent bump in investment into the financial and building materials sectors is seeing a fresh drawdown as traders pile back into their preferred AI bets.Overweight valuations remain a weak point in the ongoing AI tech rally. Cloud computing services providers and chip producers continue to be…

Federal Reserve (Fed) governor Stephen Miran spoke at a Fox Business interview on Friday, stating that monetary policy should be forward-looking and that wage gains have moderated.Key takeawaysThe Fed buying gold is not consistent with its mandate.The change in border policy is disinflationary.Monetary policy should be forward-looking.It’s a mistake to let the job market get softer. Wage gains have moderated.Shelter inflation points to weakening price pressures.It’s a mistake to make policy on backward-looking data. The data we’ve gotten since September has been dovish.The data should make the Fed more dovish, not less.Data supports rate cuts.” US Dollar Price Today The…

Gold (XAU/USD) tumbles nearly 2% on Friday, yet it has recovered after reaching a daily low of $4,032 on growing speculation that the Federal Reserve (Fed) might pause its easing cycle as most officials struck a hawkish message.Bullion prices fell sharply during the day, but at the time of writing, XAU/USD trades beneath $4,100, down 1.72%.XAU/USD slides nearly 2% as policymakers push back on easing expectations and traders reassess odds of a December cutMoney markets trimmed their bets for the December meeting from 72% a week ago to about a 50% chance, with most officials worried about inflation despite acknowledging…

USD/JPY trims early losses on Friday, with the pair rebounding toward nine-month highs as the US Dollar (USD) stabilizes. At the time of writing, USD/JPY is trading around 154.60, recovering from an intraday low near 153.62 and remains on track for modest weekly gains.In the United States, market sentiment improved after the federal government reopened, although the underlying tone remains cautious. Investors continue to grapple with uncertainty over the release of delayed economic data following the record-long shutdown.US Labor Secretary Chavez-Deremer said on Friday that the Bureau of Labor Statistics was unable to fully gather the October Consumer Price Index…