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The Indian rupee slid to a fresh all-time low of 96.61 against the US dollar on Tuesday, extending its losing streak to a sixth consecutive session, as elevated crude oil prices and persistent dollar demand continued to weigh on the domestic currency. USD-INR settled at 96.53 for the day.Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities, attributed the decline to multiple external pressures.“Rupee traded weaker by around 10 paise near 96.53, as elevated crude oil prices and continued pressure on capital flows kept the currency under stress. Sustained higher crude prices are increasing concerns over India’s…
Indian coin stack to fall on Indian one hundred rupees background. istock photo for BL | Photo Credit: suman bhaumik Rupee fell to a lifetime low on Tuesday, weighed by intensifying external pressures, with the protracted Iran conflict driving a sustained surge in oil prices and pushing U.S. Treasury yields higher.The rupee dropped to 96.44 per U.S. dollar, slipping past the prior lifetime low of 96.3875 hit on Monday. The currency’s losses since the Iran war broke out in late February now total 6%.The combination of high crude prices, underpinned by the prolonged U.S.-Iran impasse, and subdued capital inflows is…
The publication of Canada’s April Consumer Price Index (CPI) figures on Tuesday will be the focus of attention. Indeed, Statistics Canada data will provide the Bank of Canada (BoC) with a much-needed update on price pressures ahead of its June 10 meeting, where policymakers are widely expected to keep rates steady at 2.25%.Economists see the headline CPI rising by 3.1% in a year to April, gathering pace above the BoC’s target and up from March’s 2.4% annual increase. On a monthly basis, prices are expected to rise by 0.8%. The bank will also closely monitor its core measure (which strips…
The Indian rupee traded marginally higher on Tuesday, recovering from an initial slide that brought close to a new low, with dollar offers from state-run lenders, possibly for the central bank as well as foreign banks lending support. The rupee was quoted at 96.3325 per U.S. dollar at 11:15 a.m. IST, having settled at 96.3450 on Monday. The currency had opened marginally weaker, slipping to 96.3850, just one tick short of its all-time low of 96.3875 hit in the previous session. A large state-run bank, along with other public sector lenders, was seen offering dollars in USD/INR, which some traders…
USD/CHF recovers its recent losses registered in the previous day, trading around 0.7860 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) draws support from expectations of a more hawkish outlook from the US Federal Reserve (Fed).The yield on the benchmark 10-year US Treasury note jumped to 4.659% in overnight trading, its highest level since February 2025, before retracing to sit on the day at 4.601%. This sharp rise in yields reflects market anxieties that elevated energy costs could flow into consumer price inflation, ultimately prompting the Federal Reserve to push interest rates higher.Traders are…
The Japanese economy expanded 0.5% over the quarter in the first quarter (Q1) of 2026, the preliminary report published by the Cabinet Office showed on Tuesday. This reading followed a 0.3% growth recorded in Q4 of 2025 and beat market expectations of a 0.4% expansion.On an annualized basis, Japan’s Gross Domestic Product (GDP) grew 2.1%, compared with forecasts of 1.7% and the fourth quarter’s reading of 1.3% growth.Market reactionAs of writing, the USD/JPY pair is trading just above the 158.83 mark, up nearly 0.05% for the day. GDP FAQs A country’s Gross Domestic Product (GDP) measures the rate of growth…
The USD/JPY pair rises toward the 158.90 region as traders position ahead of Japan’s Q1 GDP release.Japan Chief Cabinet Secretary Yoshimasa Kihara stated that authorities are watching financial-market developments, including long-term interest rates, with a “very high sense of urgency.” His comments come as Japanese government bond yields remain elevated, increasing speculation that the Bank of Japan (BoJ) could face additional pressure to normalize policy further if inflation and wage trends remain firm.Market participants are now turning their attention to Japan’s preliminary Q1 flash Gross Domestic Product (GDP) report, which will be released on the opening of the Asian session,…
BNY’s Bob Savage highlights that the Iran conflict, a drone attack in the United Arab Emirates (UAE) and refinery constraints are pushing Brent toward $110, with fears of airline shutdowns and refinery limits. The UAE’s strategic exit from OPEC/OPEC+ and focus on bypassing the Strait of Hormuz, alongside expiring U.S. sanctions waivers on Russian and Iranian crude, underscore a structurally tighter Oil backdrop.Middle East tensions keep crude elevated”A drone attack on a UAE nuclear site, stalled talks with the U.S. and more shuttle diplomacy between Pakistan, Qatar and Iran have combined to drive oil 2% higher at the APAC open.””The…
The rupee fell to 96.3875 per dollar, eclipsing its previous all-time low of 96.1350. It ended the session at 96.3450, down 0.4% from its closing level on Friday. | Photo Credit: istock.com Rupee hit a record low on Monday, sliding for the seventh consecutive trading session, as a jump in global bond yields converged with elevated energy prices and deepened the strain on Asia’s worst-performing currency of the year so far.The rupee fell to 96.3875 per dollar, eclipsing its previous all-time low of 96.1350. It ended the session at 96.3450, down 0.4% from its closing level on Friday.The currency has…
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, gives back its early gains and turns negative to near 99.15 during the European trading session on Monday. In the Asian session, the USD Index rose to near 99.45, the highest level seen in over five weeks. 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 British Pound. USDEURGBPJPYCADAUDNZDCHFUSD-0.07%-0.22%0.08%-0.03%-0.04%-0.22%-0.20%EUR0.07%-0.17%0.15%0.02%0.01%-0.15%-0.15%GBP0.22%0.17%0.32%0.19%0.19%0.00%0.03%JPY-0.08%-0.15%-0.32%-0.15%-0.14%-0.34%-0.31%CAD0.03%-0.02%-0.19%0.15%0.00%-0.18%-0.16%AUD0.04%-0.01%-0.19%0.14%-0.00%-0.17%-0.13%NZD0.22%0.15%-0.01%0.34%0.18%0.17%0.03%CHF0.20%0.15%-0.03%0.31%0.16%0.13%-0.03% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the…