Author: admin
The USD/JPY pair recovers some lost ground to near 153.35 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) after US Treasury Secretary Scott Bessent affirms a strong USD policy. The US weekly Initial Jobless Claims report is due later on Thursday. Bessent said on Wednesday that the US has a strong USD policy and that means setting the right fundamentals. He also denied that the US was intervening in currency markets to support the Japanese Yen. “The retracement/rebound in the USD is pretty logical, really, given that Bessent pushed back about as hard as…
GBP/USD retreats on Wednesday after posting four-year highs of 1.3869 on Tuesday, edging below the 1.3800 mark as traders await the monetary policy decision of the Federal Reserve (Fed). At the time of writing, the pair trades at 1.3798, down 0.32%.Sterling eases below 1.3800 as traders lock in profits, brace for Fed’s decisionMarket mood is positive as the S&P 500 hits an all-time high past the 7,000-milestone, boosted by a rise in technological shares. Greenback, which was battered on Tuesday, trims some of its earlier losses, according to the US Dollar Index (DXY).The DXY, which measures the US Dollar’s strength…
NZD/USD halts its bullish momentum and trades around 0.6030 on Wednesday at the time of writing, down 0.20% on the day. The pair corrects after reaching a six-month high at 0.6051 on Tuesday, as the US Dollar (USD) stages a modest rebound, with markets trimming short positions ahead of the Federal Reserve’s (Fed) decision scheduled for later in the day.The Greenback recovers part of the ground lost in recent sessions, as investors turn more cautious ahead of the outcome of the Fed meeting. The US central bank is widely expected to keep interest rates unchanged in the 3.50%-3.75% range, following…
The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses.The rupee ended at 91.7825 per dollar, 0.1% down from its close at 91.72 in the previous session.The currency has weakened about 2% so far this month, making it the worst performer among its Asian currencies, as investors continue to fret over persistent foreign portfolio outflows from equities. Outflows have already touched $4 billion in January.INR “continues to be very flow-dependent and is showing little…
Rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses.The rupee ended at 91.7825 per dollar, 0.1% down from its close at 91.72 in the previous session.The currency has weakened about 2% so far this month, making it the worst performer among its Asian currencies, as investors continue to fret over persistent foreign portfolio outflows from equities. Outflows have already touched $4 billion in January.INR “continues to be very flow-dependent and is showing little sensitivity to…
The Dollar remains under pressure following comments from President Trump, which have contributed to its decline against other currencies. The Dollar Index has fallen to its lowest level since February 2022, driven by uncertainties over U.S. tariff policies and geopolitical tensions. The focus now shifts to the upcoming Federal Reserve meeting, where no changes to the Fed funds target range are expected, Commerzbank’s Charlie Lay and Moses Lim note.Dollar under pressure from political comments”The main theme overnight was the weak USD. Comments from President Trump sent the USD down another leg against an already fragile backdrop.””The USD has been under…
The rupee gained 11 paise to 91.57 against the US dollar in early trade on Wednesday, supported by a retreating dollar index and the landmark India-EU trade deal. Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. At the interbank foreign exchange market, the rupee opened at 91.60 against the US dollar, then gained some ground to 91.57, registering a gain of 11 paise over its previous close.On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 (provisional)…
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair depreciates as the AUD remains subdued following the release of Australia’s Consumer Price Index (CPI) data for December, reported by the Australian Bureau of Statistics (ABS).Australia’s CPI rose by 3.6% year-over-year (YoY) in December, following a 3.5% (revised from 3.4%) increase prior. The market consensus was for 3.6% growth in the reported period. Australia’s RBA Trimmed Mean inflation increased to 0.2% month-over-month (MoM) and 3.3% year-over-year (YoY). The monthly CPI rose 1.0% in December, up…
The U.S. dollar fell to a four-year low against a basket of major currencies after President Donald Trump said the currency’s value was “great,” signalling tolerance for further weakness. The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday, after President Donald Trump said the value of the dollar is “great” when asked whether he thought it had declined too much.Trump made the comment to reporters in Iowa ahead of a speech expected to center on the economy, as he seeks to rally his stalwart rural supporters in a state that hosts…
US President Donald Trump said that the value of the US Dollar (USD) is great when asked whether he thought it had declined too much, Reuters reported on Tuesday.Key quotesNo, I think it’s great, the value of the dollar … dollar’s doing great. If you look at China and Japan, I used to fight like hell with them, because they always wanted to devalue. Market reactionThe US Dollar Index (DXY) falls about 1.20% on the day at 95.85, posting its worst day since April 10, 2025. It touched its lowest level since February 2022. US Dollar Price Today The table below…