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Rabobank’s Michael Every portrays Europe as stuck near a 1.5% growth path, with German deindustrialisation offset by rearmament and political fragmentation. He highlights EU struggles to implement single-market reforms, tensions over carbon border tax changes, and the difficulty of promoting Euro usage and Eurobonds for stablecoins while third countries remain entrenched in Dollar-based practices.Deindustrialisation, politics and Euro ambitions”In Germany, Bosch is to lay off 20,000 workers as deindustrialisation snowballs, yet German rearmament continues. The latter is boosting GDP growth, but without recovery in other industries (and why assume that?), current trends project a very different German economy ahead – more…

The rupee pared initial losses and settled on a positive note on Tuesday, higher by 9 paise at 90.57 (provisional) against the US dollar, supported by positive cues from domestic equities and weakening of the American currency in the overseas market.Forex traders said the rupee is witnessing sideways price action as the support from positive domestic equities and foreign fund inflows was negated by geopolitical tensions and dollar demand from importers.At the interbank foreign exchange market, the rupee opened at 90.63 against the US dollar, then lost some ground to touch an intraday low of 90.77 and a high of…

The rupee pared initial losses and settled on a positive note on Tuesday, higher by 9 paise at 90.57 (provisional) against the US dollar, supported by positive cues from domestic equities and weakening of the American currency in the overseas market.Forex traders said the rupee is witnessing sideways price action as the support from positive domestic equities and foreign fund inflows was negated by geopolitical tensions and Dollar demand from importers.At the interbank foreign exchange market, the rupee opened at 90.63 against the US dollar, then lost some ground to touch an intraday low of 90.77 and a high of…

Silver price (XAG/USD) depreciates after two days of gains, trading around $81.70 per troy ounce during the European hours on Tuesday. Silver prices dropped more than 2.5% as traders probably booked profits, while volatility in the precious metals market remained elevated after a historic selloff in recent weeks.The safe-haven metal could regain strength amid persistent geopolitical tensions between the United States (US) and Iran. Uncertainty continues as Iran insists on maintaining uranium enrichment, a key sticking point for Washington. On Monday, the US warned American-flagged vessels to avoid Iranian waters in the Strait of Hormuz, even as both sides indicated…

The rupee depreciated 11 paise to 90.77 against the US dollar in early trade on Tuesday as the currency market continues to price in caution rather than celebration, following the India-US interim trade framework. At the interbank foreign exchange market, the rupee opened at 90.63 against the US dollar, then lost some ground to touch 90.77, registering a loss of 11 paise over its previous close. On Monday, the rupee witnessed a volatile trading session and settled for the day on a slightly lower note, down 1 paisa at 90.66 against the US dollar.Forex traders said at first glance, the…

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains subdued for the third successive session and is trading near 96.80 during the Asian hours on Tuesday. Traders will likely observe US Retail Sales data due later in the North American session.The US Dollar faces challenges amid concerns that foreign demand for dollar-denominated assets may weaken, after Chinese regulators urged financial institutions to curb US Treasury holdings to reduce concentration risks and exposure to uncertain US economic policies.The Greenback is under pressure as improving risk sentiment ahead of a heavy US…

The U.S. dollar nursed steep losses on Tuesday ahead of a slate of economic ‍data that will shape the interest rate ​path, while the yen held on to its gains in the wake of Prime Minister ⁠Sanae Takaichi’s resounding election victory. Sterling was steady in early Asian hours after a volatile Monday as investors weighed the crisis facing Prime Minister Keir Starmer and rising wagers of further rate cuts. It last fetched $1.3682 after rising 0.6% in the previous session.The Japanese yen was at 155.85 per U.S. ‌dollar, holding onto ‌its overnight gains when it firmed 0.8%. Verbal warnings from…

The USD/JPY pair tumbles to near 155.90 during the early Asian session on Tuesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) after Japanese Prime Minister Sanae Takaichi led the ruling Liberal Democratic Party (LDP) to a historic landslide win. Traders braced for key US economic data that could offer more clues on the Federal Reserve’s (Fed) monetary policy.Takaichi’s LDP secured a comprehensive victory in Sunday’s election. The LDP won 316 of the 465 seats in Japan’s lower house, the first time a single party has secured two-thirds of the chamber since the establishment of Japan’s parliament in…

The Canadian Dollar (CAD) remains on the front foot against the US Dollar (USD) on Monday, as a softer Greenback and firmer Oil prices continue to underpin the Loonie. At the time of writing, USD/CAD is trading around 1.3568, its lowest level since January 31, down more than 0.50% on the day.The Greenback remains under pressure as US President Donald Trump’s unpredictable trade policy, repeated attacks on the Federal Reserve’s (Fed) independence and mounting concerns over the US fiscal outlook weigh on confidence in US policy credibility.China has urged domestic banks to curb exposure to US Treasuries on market-risk concerns,…

Danske Bank’s Danske Research Team says Japanese Prime Minister Sanae Takaichi’s coalition secured a supermajority, giving her a strong mandate for tax cuts and higher military spending. The result drove Japanese stocks to record highs and initially weakened the Japanese Yen. Markets are framing her agenda as a new phase of Abenomics with implications for domestic assets and regional geopolitics.Supermajority win drives Abenomics 2.0 narrative”In Japan, Prime Minister Sanae Takaichi’s coalition secured a supermajority in the lower house, winning 328 out of 465 seats following a rare winter snap election.””The market reacted strongly to her victory, with Japanese stocks surging…