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Swiss Consumer Price Index (CPI) declined at a surprisingly faster pace of 0.3% on month in October against estimates of 0.1%. In September, inflationary pressures deflated by 0.2%.On year, Swiss inflation grew at a moderate pace of 0.1%. Economists expected CPI to have risen at a faster pace of 0.3% against the prior release of 0.2%.Market reactionThe initial reaction from the USD/CHF pair was positive after the Swiss CPI data release. The pair rose to 0.8060, but reversed to 0.8050. Swiss Franc Price Today The table below shows the percentage change of Swiss Franc (CHF) against listed major currencies today.…

The RBI’s net short position in maturities of up to one month rose to $16.5 billion in September, as against $5.9 billion in the previous month, according to central bank data. | Photo Credit: FRANCIS MASCARENHAS The Indian central bank’s short dollar book in the offshore derivatives market climbed in September for the first time in seven months, reflecting its efforts to stem the rupee losses. The Reserve Bank of India’s net short forward position — the amount of dollars it has agreed to sell in the future at a predetermined price — rose by $6 billion to $59.4 billion, according…

The rupee fell 7 paise to 88.77 against the dollar in early trade on Monday, weighed down by higher crude oil prices and continuous outflow of foreign capital amid uncertainties over global trade. According to forex traders, negative sentiment in domestic equities also pressured the Indian currency, even though a weak American currency provided some cushion at a lower level. At the interbank foreign exchange, the rupee opened at 88.73 and slipped further to trade at 88.77 against the greenback, down 7 paise from its previous closing level.The rupee had ended 1 paisa lower at 88.70 against the dollar on…

USD/CAD remains steady after two days of gains, trading around 1.4010 during the Asian hours on Monday. The pair struggles as the Canadian Dollar (CAD) gains ground on higher Oil prices. It is important to note that Canada is the largest crude exporter to the United States (US).West Texas Intermediate (WTI) Oil price holds gain around $61.00 per barrel at the time of writing. Crude Oil prices appreciate as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) signaled a pause in output increase. OPEC+ on Sunday said it planned to pause output increases in the first quarter…

The Indian rupee faces the risk of breaching its record low this week and may count on the central bank’s interventions to prevent that while government bond traders are also looking for continued backing from the central bank to contain yields. The rupee closed at 88.7650 against the U.S. dollar on Friday, down 1% week-on-week and hovering close to its all-time low of 88.80 hit in late-September. Interventions by the Reserve Bank of India helped cushion the rupee’s fall last week but traders say sentiment on the local currency is inclined towards further weakness. Merchant flows are skewed towards dollar…

US President Donald Trump said late Sunday that he’s not really considering giving Ukraine Tomahawk missiles.Key quotesNot really considering giving Ukraine Tomahawk missiles.‘Could be’ US troops on ground in Nigeria or air strikes.There is no final straw for Putin.Sometimes you have to let Russia-Ukraine get fought out.I don’t set deadlines on Venezuela.We have secret plans for Venezuela, lets see what happens.Will not attend Supreme Court tariff case arguments.Don’t want to do anything to deflect the importance of that decision.I meet with Nvidia’s Jensen Huang all the time.We don’t give Nvidia’s Blackwell chip to other people.Market reactionAt the time of writing, the West…

The Dow Jones Industrial Average (DJIA) is poised to end the trading week near where it started, with price action churning familiar territory around the 47,500 region. Despite the Federal Reserve (Fed) delivering a widely anticipated interest rate cut this week and the Dow posting a new all-time high just north of 48,000, equity markets remain overall unimpressed. Bullish momentum has been thin throughout the week, with disappointment at the Fed’s cautious rate-cutting tone offset by hopes that the latest reignition in trade tensions between the US and China will be tamped down by the Trump administration’s general unwillingness to…

The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserve’s (Fed) hawkish tone after delivering a widely expected 25-basis-point rate cut earlier this week.At the time of writing, EUR/USD is trading around 1.1523, extending losses for the third consecutive day and on track to post its first monthly decline in three months.Meanwhile, the US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, is hovering near three-month highs around 99.80. The index…

GBP/USD extends its downward momentum, touching a new seven-month low of 1.3097 on Friday. The pair remains under persistent selling pressure as investors continue to favor the US Dollar (USD) amid reduced expectations of further Federal Reserve (Fed) easing.This latest decline underscores the fragile sentiment surrounding the Pound Sterling (GBP), which has been unable to find support despite oversold conditions, reflecting broader market skepticism over the United Kingdom’s (UK) economic and fiscal outlook.The US Dollar Index (DXY), which tracks the Greenback’s performance against six major currencies, holds near a three-month high at 99.80 after Fed Chair Jerome Powell downplayed the…

West Texas Intermediate (WTI) US Oil price rises to $60.50 per barrel on Friday, up 0.65% on the day, extending its rebound after two sessions of subdued trading. Despite the modest recovery, Crude Oil prices remain on track for their third consecutive monthly decline as persistent oversupply concerns limit upside potential ahead of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on Sunday.According to recent reports relayed by Reuters, eight OPEC+ members are preparing to increase their combined output by 137,000 barrels per day (bpd) in December as part of their effort to regain lost market…