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West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium.Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never before” in reaction to fresh threats from US President Donald Trump, who urged Tehran to enter nuclear talks. Iran cautioned that it would retaliate if provoked.Tensions intensified further after the European Union designated Iran’s Islamic Revolutionary Guard Corps as a terrorist organization. Adding to the strain,…
The headline Tokyo Consumer Price Index (CPI) for January rose 1.5% YoY as compared to 2.0% in the previous month, the Statistics Bureau of Japan showed on Friday.Additionally, Tokyo CPI ex Fresh Food climbed 2.0% YoY in January against 2.2% expected and 2.3% in the prior month. The Tokyo CPI ex Fresh Food, Energy rose 2.0% YoY in January, compared to the previous reading of 2.3%, below than market consensus of 2.2%. USD/JPY reaction to the Tokyo Consumer Price Index dataAs of writing, the USD/JPY pair is down 0.17% on the day at 153.12. Japanese Yen Price Today The table below shows the percentage change…
Commerzbank’s report by Dr. Christoph Balz discusses the Federal Reserve’s decision to leave interest rates unchanged after three consecutive cuts. The Fed’s current target range remains at 3.50%-3.75%, reflecting a more favorable view of the economic situation, particularly the labor market. The report suggests that the Fed is not expected to make further cuts unless economic data weakens significantly.Fed maintains interest rates amid economic stability”The Fed is in no hurry to make further interest rate cuts, as the economic situation and, in particular, the labor market are now viewed more favorably.””Even though, according to Powell, interest rate hikes are not…
The US Dollar is gaining the upper hand against the Japanese Yen, with both currencies among the worst G8 performers this week. The pair trades near 153.50 at the time of writing, consolidating its recovery from three-month lows near 152.00, as the focus shifts to the Tokyo CPI reading, due later on the day.The Yen went through a significant pullback on Wednesday, following comments by US Treasury Secretary Scott Bessent, who affirmed that Washington is pursuing a strong Dollar policy. Bessent also played down speculation about a US-Japan coordinated plan to support the Yen, a rumour that sent the pair…
The rupee settled near its all-time closing low at 91.96 (provisional) against the US dollar, amid selling pressure from foreign funds and risk-off sentiment in global markets. Forex traders said the rupee hit its all-time intra-day low of 92 against the US dollar amid geopolitical uncertainty and foreign outflows. Moreover, a surge in crude oil prices weighed on the rupee. At the interbank foreign exchange, the rupee opened at 91.95 and touched an early high of 91.82, but pared gains to touch an intra-day low of 92 against the greenback. The domestic unit settled at 91.96 (provisional), up 3 paise…
The Indian rupee hit a record low against the dollar on Thursday, pressured by dollar demand linked to the maturity of non-deliverable forward positions and corporate hedging, while the central bank likely intervened to hold it above the psychologically significant 92 level. The rupee ended the session at 91.9550 per dollar, down 0.2% from its previous close. Earlier in the session, it fell to 91.9850. Weakness in the currency also spilled over to Indian government bonds, reinforcing a dilemma for the market wherein the Reserve Bank of India’s efforts to shore up banking system liquidity get blunted by its FX…
The Indian rupee’s weakness is increasingly at odds with the country’s economic strength, according to the Economic Survey for 2025-26, which said the currency is “punching below its weight” despite robust growth, contained inflation, and healthy balance sheets, a paradox sharpened by global uncertainty and wary foreign investors.The survey came as the rupee slid to a fresh all-time low of Rs 91.9850 to the dollar, under pressure from persistent foreign outflows and rising hedging demand. Yet the government’s annual stocktake of the economy argued that the currency’s valuation fails to reflect what it described as India’s “stellar economic fundamentals”, even…
The US Dollar strengthened overnight, holding above key support levels, particularly against the Japanese Yen. However, the report from MUFG highlights that the US Dollar may remain vulnerable amid policy risks. The Fed’s recent decision to hold rates reflects a balanced macro risk outlook, but dissenting opinions within the Fed suggest potential for future cuts.Dollar remains strong yet at risk”The US dollar strengthened overnight and held above key support levels for now, led by gains against the yen after comments from Treasury Secretary Scott Bessent reinforced Washington’s strong dollar posture.””However, we think the US dollar may still stay vulnerable amid…
Rupee touched the psychologically crucial 92 to the US Dollar mark in intraday trading so far on Thursday amid a strong greenback and persistent outflows due to FPI selling in the Indian equity markets. Opening about 17 paise weaker at 91.95 per USD against previous close of 91.7825, the Indian currency hit saw a high/low of 91.9150/92.0000. RBI likely intervened in the market to stem the Rupee from depreciating beyond the 92 level. Amit Pabari, MD, CR Forex Advisors, observed that the U.S. Federal Reserve delivered a widely expected pause overnight, keeping interest rates unchanged at 3.50%–3.75% even as U.S.…
The Japanese Yen (JPY) reverses a part of the previous day’s slide against a broadly weaker US Dollar (USD), though it remains below a nearly three-month high, touched on Tuesday. Speculation that Japanese authorities would step in to stem further weakness in the domestic currency and the Bank of Japan’s (BoJ) hawkish stance turned out to be key factors underpinning the JPY. The USD, on the other hand, remains close to a four-year low, touched on Tuesday, amid bets for further policy easing by the US Federal Reserve (Fed), and exerts some downward pressure on the USD/JPY pair.The JPY bulls,…