Author: admin
USD/CHF heads for its first weekly loss in five weeks as weaker-than-expected US Nonfarm Payrolls (NFP) data released on Thursday weighed on the US Dollar (USD). The pair rebounds on Friday as the Greenback stabilizes, with traders reassessing the Federal Reserve’s (Fed) interest rate outlook.At the time of writing, USD/CHF is trading virtually unchanged around 0.8034 after touching an intraday low of 0.8010. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 100.84, recovering from an intraday low of 100.61.The lack of follow-through selling in the US Dollar (USD)…
EUR/USD holds onto modest gains on Friday but struggles to extend its advance as the US Dollar (USD) stabilizes following Thursday’s weaker-than-expected US jobs report. Market activity remains subdued as US financial markets are closed for the Independence Day holiday.At the time of writing, the pair is trading around 1.1438 after hitting an intraday high of 1.1462, but it remains on track to snap a two-week losing streak. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, is trading around 100.76 after falling to a two-week low of 100.56.Traders are reassessing the monetary…
The Euro (EUR) trades higher for the second consecutive day on Friday, with the US Dollar (USD) on its back foot in the aftermath of the disappointing US Nonfarm Payrolls (NFP) report released on Thursday. The EUR/USD pair, however, is struggling to breach resistance at 1.1475 so far.US economy produced 57K net jobs in June, according to NFP figures, just above half of the 110K expected by the market, while May’s reading was revised down to 129K from the 172K previously estimated. These figures have cooled market hopes of immediate Federal Reserve (Fed) interest rate hikes and sent the US Dollar lower against its main…
The Indian rupee closed modestly higher on Friday but logged a weekly fall as dollar demand related to merchant flows, arbitrage trades and maturities in the non-deliverable forward market outweighed comfort from a broadly weaker U.S. dollar.The rupee declined nearly 1% on the week to close at 95.21 per dollar, slipping past the 95 per dollar level for the first time in three weeks.Improved foreign portfolio inflows into government bonds and expectations of a balance of payments surplus for the year ending March 2027 has improved sentiment on the rupee, even though day-to-day flows continue to pinch the unit, traders…
The Indian rupee closed modestly higher on Friday but logged a weekly fall as dollar demand related to merchant flows, arbitrage trades and maturities in the non-deliverable forward market outweighed comfort from a broadly weaker U.S. dollar.The rupee declined nearly 1% on the week to close at 95.21 per dollar, slipping past the 95 per dollar level for the first time in three weeks.Improved foreign portfolio inflows into government bonds and expectations of a balance of payments surplus for the year ending March 2027 has improved sentiment on the rupee, even though day-to-day flows continue to pinch the unit, traders…
The Euro (EUR) is up 0.16% to near 1.1455 against the US Dollar (USD) during the European trading session on Friday. The EUR/USD pair gains as the US Dollar underperforms its peers due to a slight ease in hawkish Federal Reserve (Fed) interest rate expectations.As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.15% lower to near 100.70. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the New Zealand Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.19%-0.16%-0.16%-0.04%-0.28%-0.43%-0.20%EUR0.19%0.02%0.00%0.14%-0.14%-0.24%-0.01%GBP0.16%-0.02%-0.04%0.12%-0.17%-0.26%-0.03%JPY0.16%0.00%0.04%0.16%-0.14%-0.25%-0.01%CAD0.04%-0.14%-0.12%-0.16%-0.31%-0.40%-0.16%AUD0.28%0.14%0.17%0.14%0.31%-0.09%0.14%NZD0.43%0.24%0.26%0.25%0.40%0.09%0.23%CHF0.20%0.01%0.03%0.00%0.16%-0.14%-0.23% The heat…
The rupee appreciated 19 paise to 95.16 against US dollar in early trade on Friday, as the dollar index retreated from its recent 15-month high levels.Forex traders said despite a weaker dollar index and lower crude oil prices rupee is still facing pressure from robust dollar demand from importers and corporate hedgers.At the interbank foreign exchange market, the rupee opened at 95.20, then touched 95.16 against the US dollar, registering a gain of 19 paise from its previous close.On Thursday, the rupee pared initial gains and settled for the day on a negative note, lower by 19 paise at 95.35…
USD/IDR gains ground after registering minor losses in the previous day, trading around 18,000 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) holds its position despite a disappointing set of domestic labor data released on Thursday.US labor market forces Wall Street to aggressively rethink its interest rate outlook. The primary catalyst for this shift was the June Nonfarm Payrolls (NFP) report released on Thursday. The US economy added just 57,000 jobs last month, completely missing the market consensus of 110,000. While the headline unemployment rate managed an unexpected tick downward to 4.2% from May’s…
The U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen. Softness in the greenback continued in early Asian trade, with the euro hovering near its two-week peak at $1.1442. Sterling was also firm at $1.3361 and on track for a 1.2% weekly gain, its best in nearly three months. The risk-sensitive Australian dollar fetched $0.6935 , set to snap a four-week losing streak. New Zealand’s kiwi traded at $0.5702, up 1.2% for…
Mumbai: The Indian rupee closed at 95.39 on Thursday, modestly weaker from its previous close, despite falling oil prices and intervention from the central bank. The rupee had previously closed at 95.24 per dollar.The currency came under pressure due to dollar demand from foreign banks, oil companies and foreign investor outflows from equities.The rupee traded 95.40 and 94.92 on Thursday, with RBI intervention largely in the first half of the day, along with some dollar sales in the offshore non deliverable forwards market before domestic markets opened, traders said. Brent crude oil prices were trading at $70 per barrel. The…