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The Euro is trading higher for the second consecutive day against a weaker Japanese Yen, reaching levels above 185.10 in the early European session on Tuesday, after bouncing from Monday’s lows of 182.69. The pair is drawing support from the US Dollar’s depreciation following US President Trump’s latest tariff bout, while the Yen remains on the defensive amid renewed fiscal fears.The Japanese Prime Minister, Sanae Takaichi, rattled markets on Monday by announcing snap elections for February 8. The Yen went into a tailspin as investors feared that Takaichi’s higher popularity might give her greater parliamentary support to deepen her big-spending…
USD/CAD price analysis remains under selling pressure as oil prices remain stable while the dollar weakens. Canada’s upbeat inflation suggests the BoC will likely pivot to easing sooner. Tariff uncertainty weighs on the dollar despite the Fed’s deferred easing to midyear. USD/CAD is currently defined by a tug-of-war between a structurally weaker US dollar and a Canadian dollar underpinned by resilient domestic fundamentals. On the US side, the Dollar Index (DXY) is sliding below 99.00 as markets react to renewed tariff threats on multiple EU countries over the Greenland issue. –Are you interested to learn more about crypto signals? Check our…
The rupee depreciated 8 paise to 90.98 against the American currency in early trade on Tuesday, as strong dollar demand from metal importers and persistent foreign fund outflows dented investor sentiment. Forex traders said rising geopolitical uncertainty, including renewed US expansionary signals, has increased risk aversion and kept emerging market currencies under pressure. Moreover, a sluggish domestic stock market triggered by an exodus of foreign capital, they said. At the interbank foreign exchange, the rupee opened at 90.91 and lost ground to trade at 90.98 against the greenback, down 8 paise from its previous close. On Monday, the rupee depreciated…
Gold (XAU/USD) extends its sideways consolidative price move through the Asian session on Tuesday and remains close to the all-time peak touched the previous day amid mixed fundamental cues. The US Dollar (USD) attracts some buyers and recovers a part of the overnight pullback from its highest level since December 9 amid reduced bets for two more interest rate cuts by the Federal Reserve (Fed). Furthermore, civil unrest in Iran seems to have subsided, reducing the likelihood of a US intervention and turning out to be another factor acting as a headwind for the commodity.However, the protracted Russia-Ukraine war keeps…
The Indian rupee is expected to remain vulnerable near the 91 level on Tuesday, with persistent flow-driven dollar demand keeping the risk of a slide to an all-time low in play.The rupee has fallen for four sessions till Monday, losing around 1% in that period, leaving it perched near the closely watched 91 per dollar level and within striking distance of its lifetime low of 91.0750, set in the middle of last month.The currency settled at 90.91 in the previous session, after plumbing to an intraday low of 90.99 and briefly inching past 91 on the interbank order-matching system, underscoring…
*Singapore The dollar retreated to its lowest level in a week in early trading on Tuesday after threats from the White House towards the European Union over the future of Greenland triggered a broad selloff across U.S. stocks and government bonds.The dollar index, which measures the greenback’s strength against a basket of six currencies, slid 0.1% to 99.004 – its lowest level since January 14 as investors worried about exposure to U.S. markets.On Monday, U.S. President Donald Trump’s renewed tariff threats against European allies triggered a repeat of the so-called “Sell America” trade that emerged after last year’s Liberation Day…
Gold price (XAU/USD) edges higher to near $4,670 during the early Asian session on Tuesday. The precious metal is set to hit a fresh record high as traders flock to safe-haven assets amid a persistent geopolitical and economic outlook.US President Donald Trump said on Saturday that he would impose new tariffs on goods from eight European countries that reject his plan to acquire Greenland. The countries affected include Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the United Kingdom (UK). The announcement fueled concerns about a broader trade war and boosted traditional safe-haven assets such as Gold. Meanwhile, reports have…
GBP/USD rises on Monday after tensions between the US and Europe had grown following a social media post of US President Donald Trump threatening to impose duties on eight European countries. At the time of writing, the pair trades at 1.3414, up 0.28%.Sterling advances as US–Europe trade tensions spark broad Dollar sellingOver the weekend, Trump announced 10% tariffs on eight countries, including Denmark, Norway, Sweden, France, Germany, Finland, the Netherlands and the UK. The duties would be effective on February 1 and would be increased to 25% on June 1 if they failed to reach an agreement, so the US…
The Indian rupee breached the psychologically crucial 91 per US dollar on Monday, pressured by corporate dollar demand, foreign portfolio investor outflows, and uncertainty over India-US tariff talks | Photo Credit: iStockphoto The rupee on Monday breached the psychologically crucial 91 to the US Dollar for the second time in about a month, being weighed down by corporate dollar demand, continued outflows due to foreign portfolio investor (FPI) selling in the Indian equity markets, and uncertainty on the outcome of the tariff talks between India and the US.However, the rupee pulled back, apparently on mild RBI intervention, from its intraday…
Gold (XAU/USD) starts the week with a strong bullish gap, pushing deeper into uncharted territory as safe-haven demand strengthens. The move comes after US President Donald Trump threatened tariffs on several European Union (EU) nations over control of Greenland, reviving trade tensions and injecting fresh geopolitical risk into already fragile market sentiment.At the time of writing, XAU/USD trades around $4,663, consolidating just below the fresh all-time high near $4,690, up nearly 1.75% on the day.Trump’s renewed trade rhetoric has added to market unease and drawn criticism from European officials, undermining confidence in US assets and weighing on the US Dollar…