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V Anantha Nageswaran, Chief Economic Advisor, Government of India | Photo Credit: RAGU R The Indian rupee’s movement is a natural part of macroeconomic adjustment and should not be viewed through the lens of fixed psychological thresholds such as the 100-per-dollar mark, Chief Economic Adviser V Anantha Nageswaran said, stressing that the exchange rate functions as a “shock absorber” in a volatile global environment.In an exclusive conversation with ANI, Nageswaran said that currency depreciation should be understood in the broader context of external shocks, global uncertainty, and shifting capital flows rather than as a sign of domestic economic weakness. According…

The dollar steadied on Friday but remained on track for a weekly loss, as markets monitored negotiations over a deal that could end the Middle East conflict. Traders were also digesting unprecedented demand for shares in SpaceX, which raised $75 billion in an initial public offering and jumped about 20% in its Nasdaq debut. The euro was little changed at $1.15725, hovering near a one-week high and set for a weekly ‌gain after the ⁠European Central ⁠Bank delivered its first interest rate hike in three years on Thursday. PEACE DEALLeaked terms of a proposed memorandum to end the war in…

The US Dollar Index (DXY) lost ground during the week, down 0.27% to trade near the 99.80 level as investors prepared for a heavy central bank calendar the following week. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc. USDEURGBPJPYCADAUDNZDCHFUSD0.07%0.07%0.14%0.11%0.00%0.07%0.26%EUR-0.07%-0.01%0.09%0.05%-0.07%-0.01%0.18%GBP-0.07%0.00%0.11%0.05%-0.09%0.00%0.17%JPY-0.14%-0.09%-0.11%-0.06%-0.17%-0.10%0.06%CAD-0.11%-0.05%-0.05%0.06%-0.11%-0.05%0.13%AUD-0.00%0.07%0.09%0.17%0.11%0.06%0.21%NZD-0.07%0.01%-0.00%0.10%0.05%-0.06%0.17%CHF-0.26%-0.18%-0.17%-0.06%-0.13%-0.21%-0.17% 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 US Dollar from…

Societe Generale highlights that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the Korean Won. Measures include a temporary FX stability levy exemption, enhanced interest on excess FX deposits, and tighter oversight of major FX banks. Officials are also urging exporters to accelerate FX conversion and repatriate offshore funds.BoK and government intensify Won support”The BoK rolled out multi-pronged FX stabilisation package after emergency meeting with the MoF and FSS, targeting short-term USD funding stress and speculative pressures.””Key measures include a 6-month exemption of the FX stability levy for…

A senior administration official said on Friday that the Iran deal will guarantee long-term peace in the region. The agreement would achieve core US objectives and reopen the Strait of Hormuz. The official said that the US would get enriched nuclear material and include an inspection regime.SENIOR ADMINISTRATION OFFICIAL: IRAN DEAL ACCOMPLISHES CORE U.S. OBJECTIVESIRAN DEAL REOPENS STRAIT OF HORMUZ – OFFICIALU.S. TO GET ENRICHED MATERIAL UNDER IRAN DEALIRAN DEAL GUARANTEES LONG-TERM PEACE IN REGIONIRAN DEAL INCLUDES INSPECTION REGIMEIF IRAN COMPLIES WILL BE REWARDED ECONOMICALLYBENEFITS FOR IRAN ACCRUE IF THEY ACTUALLY DELIVERU.S. EXPECTS TO SIGN AGREEMENT OVER NEXT FEW DAYSDRAFT…

Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of England’s Scenario A, with stronger‑than‑expected early‑2026 GDP but a cooling labour market and easing price pressures. GDP is seen around 1% in 2026–27, while CPI is projected slightly below Scenario A and potentially under the 2% target at longer horizons.Scenario A path for growth and CPI”The economy – at least on the surface – has been stronger than the Bank assumed. GDP growth, to start the year, was stronger than the Bank anticipated. But the labour market has softened a touch, relative to the Bank’s…

Gold (XAU/USD) price consolidates above the $4,200 figure on Friday as market participants are optimistic about a potential US-Iran deal, set to be signed next week, according to newswires. Meanwhile, households in the US are becoming more optimistic about the economy. The XAU/USD pair trades at $4,216, up 0.11%.XAU/USD steadies as deal chatter offsets firmer yieldsInvestors’ mood turned optimistic amid news that the Middle East conflict could end if Washington and Tehran proceed with the signing of the Islamabad Memorandum of Understanding (MOU). There is growing speculation about a signing at the G7 meeting in Geneva, Switzerland, but the Iranian…

Brown Brothers Harriman’s Elias Haddad highlights strong South Korean asset performance, with South Korean Won (KRW) outperforming and the KOSPI up sharply on AI-led semiconductor strength. The Bank of Korea’s (BoK) Governor Shin Hyun Song delivered hawkish guidance, emphasizing the need to prioritize price stability. BBH notes that a 25 bps hike to 2.75% at the July 16 meeting is increasingly likely.Won benefits from hawkish policy stance”KRW outperformed most currencies overnight and the KOSPI jumped as much as 8.5% before settling 4.6% higher. Year-to-date, the KOSPI is the world’s best performing equity market, up a whopping 92%, driven by the…

USD/CAD trades on the front foot on Friday as lower Oil prices weigh on the commodity-linked Canadian Dollar (CAD) amid cautious optimism that the United States (US) and Iran could reach an agreement that would reopen the Strait of Hormuz.At the time of writing, the pair trades around 1.3979 after touching 1.4024 on Thursday, its highest level since November 2025. Meanwhile, West Texas Intermediate (WTI) Crude Oil trades near $83.50 per barrel, near two-month lows.The Canadian Dollar has remained under steady pressure since early May as geopolitical tensions keep safe-haven flows directed toward the US Dollar (USD). In addition, the…

Scotiabank strategists Shaun Osborne and Eric Theoret report USD/JPY is steady but elevated, with recent gains already surpassing prior intervention-trigger levels. A 25 bps Bank of Japan (BoJ) hike on Tuesday is widely anticipated, and markets price nearly one more increase by December. They flag concerns over communication as Governor Ueda will not attend, and see limited resistance up to 162 with support in the 156–158 band.Limited resistance seen toward 162″The yen’s ongoing weakness is a worry for market participants, government officials, and central bank policymakers, sparking concerns of intervention in the former as the latter consider the implications for…