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Silver price (XAG/USD) declines after three days of gains, trading around $52.80 during the Asian hours on Thursday. However, the non-interest-bearing Silver may regain its ground amid rising odds of Federal Reserve (Fed) rate cut bets in December, given that lower interest rates reduce the opportunity cost of holding non-yielding assets.US data showed unexpectedly low Initial Jobless Claims and stronger-than-expected Durable Goods Orders, yet rate-cut expectations remained intact. The CME FedWatch Tool suggests that markets are now pricing in a more than 84% chance that the Fed will cut its benchmark overnight borrowing rate by 25 basis points (bps) at…

The Indian rupee is expected to open higher on Thursday, helped by a softer dollar on bets of a December Federal Reserve rate cut, though bankers cautioned that the currency has struggled to sustain any relief rallies.The 1-month non-deliverable forward indicated the rupee will open in the 89.14-89.18 range versus the US dollar. It had settled at 89.27 on Wednesday.Through this week, the rupee has struggled to translate supportive Asian cues into lasting traction. On two occasions, first on Monday and then again on Tuesday, the currency slipped into the 89–89.10 zone, sparking optimism of a recovery.However, bankers said there…

The EUR/USD registers back-to-back bullish days boosted by speculation that the Federal Reserve might cut rates at the December meeting, following the release of a strong jobs report. At the time of writing, the pair trades at 1.1595, up 0.22% after bouncing off daily lows of 1.1547.Euro extends gains for a second day as easing expectations stay elevated despite solid US data and mixed Fed commentaryEconomic data in the US continues to flow yet dovish comments by Fed officials are driving EUR/USD’s price action. The number of Americans filling for jobless insurance decreased compared to the November’s 14 print, reaffirmation…

EUR/GBP retreats on Wednesday after the latest United Kingdom (UK) budget revealed by Chancellor Rachel Reeves appears to be well received by investors, which initially sold off the British Pound (GBP), trimming its earlier losses. At the time of writing, the cross trades at 0.8766, down 0.24%.Sterling stabilizes as Reeves unveils tax-heavy budget with limited fiscal headroom, easing fears of major negativesThe UK’s budget raised taxes by £26 billion, following last year’s budget raised taxes by £40 billion. Reeves commented that the government would have £22 billion fiscal headroom to avoid unexpected shocks. Nevertheless, the Office for Budget Responsibility (OBR)…

The New Zealand Dollar (NZD) climbs after the RBNZ delivers a fully priced 25bps cut and signals an end to its easing cycle, setting the stage for potential NZD gains into 2026, BBH FX analysts report. RBNZ ends easing cycle, signals OCR steady until late 2026″NZD outperforms after the RBNZ delivers a hawkish cut. As was fully priced in, the RBNZ trimmed the Official Cash Rate (OCR) by 25bps to 2.25%. The Committee voted 5-1 in favor of a cut, with the dissenter preferring no change. The OCR is now at the lower-end of the RBNZ’s new estimated neutral range…

The rupee slipped 1 paisa to close at 89.23 (provisional) against the US dollar in a range-bound trade on Wednesday, as firm domestic equities and a slide in global crude prices offset the impact of a strengthening greenback.Foreign fund outflows and concerns over geopolitical developments sapped risk appetite in the market, pushing investors towards safe-haven assets, forex traders said.At the interbank foreign exchange market, the rupee opened at 89.24 and moved in a close range of 89.17-89.28 against the dollar. The unit finally settled at 89.23, registering a loss of 1 paisa from its previous closing level.Anuj Choudhary, Research Analyst,…

The Indian rupee closed marginally weaker on Wednesday, troubled by portfolio outflows and routine hedging demand from local importers, while intermittent dollar sales from state-run banks cushioned the currency’s fall.The rupee closed at 89.27 against the U.S. dollar, marginally weaker than its previous close of 89.22.Growing expectations of a December rate cut by the U.S. Federal Reserve helped boost global equities, with India’s benchmark equity indexes, the BSE Sensex and Nifty 50 , posting gains of more than 1% – the most in a day since June.However, the positive cues did little to help the rupee, with traders pointing to…

Here is what you need to know on Wednesday, November 26:The New Zealand Dollar (NZD) and the Australian Dollar (AUD) gather strength on Wednesday as markets react to the Reserve Bank of New Zealand’s (RBNZ) policy decisions and inflation data from Australia. In the second half of the day, September Durable Goods Orders and weekly Initial Jobless Claims data will be featured in the US economic calendar before markets take a break for Thanksgiving. US Dollar Price This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the…

The rupee pared initial losses and strengthened 2 paise to 89.20 against the US dollar in early trade on Wednesday tracking a weak greenback and firm domestic equity market sentiment. According to forex traders, some inflow of foreign capital into domestic stock markets also supported the Indian currency even though rising crude oil prices kept it under pressure. At the interbank foreign exchange market, the rupee opened at 89.24, lost to 89.26 and then regained to trade at 89.20 against the greenback in initial deals, up 2 paise from its previous closing level.The rupee settled 6 paise lower at 89.22…

Silver price (XAG/USD) extends its three-day recovery move to near $52.00 during the Asian trading session on Wednesday. The white metal strengthens as yields on interest-bearing assets have remained under pressure due to growing expectations that the Federal Reserve (Fed) could reduce interest rates again this year.At the time of writing, 10-year United States (US) Treasury yields trade flat around 4.00%, but have come down 3.4% in a week.Lower yields on interest-bearing assets bode well for non-yielding assets, such as Silver.According to the CME FedWatch tool, the probability of the Fed to cut interest rates by 25 basis points (bps)…