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The rupee appreciated 12 paise to 88.04 against the US dollar in early trade on Tuesday as investors are awaiting cues from the US-India trade talks in New Delhi, where American negotiator Brendan Lynch will meet Indian officials on Tuesday. Forex traders said the rupee has faced persistent pressure from uneven flows and US President Donald Trump’s tariff shocks. Accordingly, the Reserve Bank of India has stepped up its presence in the offshore non-deliverable forward (NDF) market to cushion volatility, they said. At the interbank foreign exchange market, the rupee opened at 88.05 against the US dollar, then touched 88.04,…

This move could also have an impact on the rupee, which may depreciate further. Indian bonds and currency markets may feel the heat as JP Morgan Chase & Co is reportedly considering cutting the weight of the largest bond issuers in its flagship emerging-market index — including China and India.Indian bonds (or Government Securities/G-Secs) were included in JPMorgan’s Global Bond Index – Emerging Markets (GBI-EM) only last year, with effect from June 28, 2024. Financial market players caution that if India’s weight in the aforementioned index is cut from 10 per cent to 9 per cent, there could be selling…

Gold trades just shy of record highs on Monday, edging higher after last week’s all-time peak near $3,675.The Fed’s monetary policy decision on Wednesday dominates market sentiment, with a 25 bps cut seen as certain.XAU/USD continues to trade sideways with the 21-SMA providing short-term support.Gold (XAU/USD) kicks off the week on a positive footing, breaking out of last week’s sideways momentum after peaking at an all-time high near $3,675 on Tuesday. The move reflects renewed buying interest as traders position cautiously ahead of a pivotal week packed with central bank monetary policy decisions.At the time of writing, XAU/USD is trading…

EUR/CHF trades around 0.9350 on Monday, rebounding modestly after hitting its lowest since August 1 last week.ECB’s Isabel Schnabel said rates are in a “good place,” flagged upside inflation risks, and noted euro area growth is set to exceed potential.Swiss Producer and Import Prices fell 0.6% MoM in August, while the annual rate slumped to -1.8%.EUR/CHF kicks off the week on a positive note, attracting fresh buying interest after briefly falling to its lowest level since August 1 late last week. At the time of writing, the cross trades around 0.9350 on Monday, as the Euro draws some support from…

The New Zealand Dollar (NZD) has not performed well in 2025. It is the third worse performing G10 currency in the year to date after the CAD and the USD and the second worst performer after the JPY in the half year to date, Rabobank’s FX analyst Jane Foley reports. RBNZ easing bias and weak economy weigh on kiwi”The poor performance of the NZD this year reflects the easing bias of the RBNZ, New Zealand’s lengthy bout of economic weakness, its links with the weak Chinese economy and the larger than expected 15% Trump trade tariff imposed on the country…

GBP/JPY extends gains for the fourth consecutive day, breaking firmly above the 200.00 psychological level.Technicals remain constructive with RSI at 62.7 and a fresh MACD bullish crossover.Traders eye key risk events this week, including UK jobs and CPI data ahead of the BoE decision on Thursday, and Japan’s CPI release before the BoJ meeting on Friday.The British Pound (GBP) is extending its winning streak against the Japanese Yen (JPY) for the fourth consecutive day on Monday, with the cross trading near its strongest level in more than a year. At the time of writing, GBP/JPY is trading around 200.50, up…

US Dollar (USD) is likely to trade in a range of 7.1160/7.1330. In the longer run, room for USD to drop below 7.1100; any decline is likely to be slow, and 7.1000 may not come into view so soon, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Room for USD to drop below 7.110024-HOUR VIEW: “We expected USD to ‘trade in a range between 7.1080 and 7.1240’ last Friday. However, after dipping briefly to 7.1128, USD rebounded strongly to a high of 7.1296. Upward momentum has increased, but not significantly. Today, we expect USD to trade in…

The rupee witnessed range-bound trading and settled higher by 6 paise at 88.20 (provisional) against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut.Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit.At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a high of 88.13 against the greenback during the day. The domestic unit settled for the day at 88.20 (provisional), higher by 6…

The USD/CAD forecast shows the dollar in a vulnerable position ahead of the Fed meeting. Market participants are almost fully pricing a 25-bps Fed rate cut. The BoC is also facing pressure to cut rates this week. The USD/CAD forecast shows the dollar in a vulnerable position as markets prepare for a likely Fed rate cut this week. Meanwhile, the Canadian dollar could also face downward pressure from an expected rate cut during the Bank of Canada policy meeting. –Are you interested in learning more about ETF brokers? Check our detailed guide- Market participants are almost fully pricing a 25-bps…

The rupee witnessed range-bound trading in morning deals on Monday and depreciated 4 paise to 88.30 against the US dollar, as tariff-led pressure on India’s exports weighed on investor sentiments. Forex traders said the rupee traded in a tight range as it is caught between worries over US trade tariffs, persistent foreign portfolio outflows, and hopes of a US rate cut. At the interbank foreign exchange market, the rupee opened at 88.25, then lost ground and touched a low of 88.30 against the US dollar, registering a decline of 4 paise over its previous close.On Friday, the Indian rupee recovered…