Author: admin
The rupee breached the 91-a-dollar mark for the second time in a month before ending 14 paise down at 90.92 (provisional) against the greenback on Monday, as renewed concerns over global trade uncertainties accelerated foreign fund withdrawal. Despite weak American currency and lower crude oil prices, selling pressure in domestic equities pushed the Indian currency downward, forex analysts said. Investors were also concerned after US President Donald Trump announced tariffs on European countries if they resisted his plan to control Greenland. At the interbank foreign exchange, the rupee opened at 90.68 and slid past the crucial 91.01 against the greenback…
The Indian rupee reversed course and fell for the fourth consecutive session on Monday, pressured by corporate dollar buying that was further complicated by a shortfall in supply.The rupee appreciated to 90.6450 in early trade following a pullback in the U.S. dollar amid the Greenland dispute but later declined and was on the verge of breaking the 91 level.Some traders said that the central bank intervened mildly to prevent further losses.The local unit found early support as the dollar weakened against major peers and Asian currencies, with investors paring dollar exposure amid mounting tensions over Greenland and threats of U.S.…
The Japanese Yen (JPY) extends its intraday pullback from over a one-week high, touched against a broadly weaker US Dollar (USD) earlier this Monday, and fills the weekly bullish gap during the first half of the European session. Speculations that Prime Minister Sanae Takaichi may soon call a snap election to cement her authority and further boost the expansionary fiscal policy act as a headwind for the JPY. However, a warning of a possible intervention by Japan’s Finance Minister Satsuki Katayama, to counter weakness in the domestic currency, could act as a tailwind for the JPY.Furthermore, prospects for an early…
The rupee recovered from a low level and traded with a gain of 12 paise at 90.66 against the US dollar in early deals on Monday, tracking a retreating greenback against major overseas rivals. However, persistent outflow of foreign funds from domestic equity markets and higher crude oil prices overseas amid a volatile geopolitical situation kept investors cautious, forex analysts said. At the interbank foreign exchange, the rupee opened at 90.68 and gained further to trade at 90.66 against the greenback, registering a gain of 12 paise from its previous closing level.The rupee crashed 44 paise to settle near its…
The Australian Dollar strengthened against the US Dollar (USD) on Monday following the release of Australia’s TD-MI Inflation Gauge, which rose to 3.5% year-over-year (YoY) in December, up from 3.2% previously. On a monthly basis, inflation surged 1.0% month-over-month (MoM) in December 2025, the fastest pace since December 2023 and a sharp acceleration from 0.3% in the prior two months.The AUD/USD pair gains ground following China’s key economic data. It is important to note that any change in the Chinese economy could impact the Australian Dollar as both countries are close trading partners.Data from the National Bureau of Statistics showed…
Gold price (XAU/USD) rises to a fresh record high near $4,675 during the early Asian session on Monday. The precious metal gains momentum after US President Donald Trump said he would slap tariffs on eight European nations that have opposed his plan to take Greenland.Trump announced a 10% tariff on goods from countries including Denmark, Sweden, France, Germany, the Netherlands and Finland, along with the United Kingdom (UK) and Norway, starting from February 1, until the US is allowed to buy Greenland. The move sparked fears of retaliation from Europe, supporting traditional safe-haven assets such as Gold. European Union (EU)…
EUR/USD drops even though the Dollar pared some of its earlier gains on Friday sparked by solid US economic data releases in the week, which has improved the outlook for the labor market. This trimmed the chances for further easing by the Federal Reserve, a tailwind for the Greenback. The pair trades at 1.1599, down 0.08%.Euro edges lower as strong US labor and production data underpin the Dollar despite fading momentumThe shared currency is poised to end the week negatively, following solid jobless claims revealed on Thursday. This, a spike on factory inflation and US President Trump reluctancy to nominate…
Gold (XAU/USD) registers losses of over 0.70% on Friday as traders take profits, as in the last two weeks, data in the US has shown the labor market is not as weaker as expected. Therefore, traders are turning skeptical that the Federal Reserve (Fed) might go for two cuts, as reflected by the swaps markets. XAU/USD trades at $4,580 at the time of writing.Bullion retreats as resilient US data, easing geopolitical risks push traders to cut aggressive Fed easing betsMarket mood is turning negative as US President Donald Trump shook the markets, as he seems reluctant to nominate the National…
The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, as resilient US economic data and hawkish-leaning Federal Reserve (Fed) rhetoric keep the Greenback firmly supported. At the time of writing, AUD/USD trades around 0.6684, down about 0.20% on the day and poised to end the week with marginal losses.The pair is struggling to attract buying interest after a run of upbeat US releases reinforced expectations that the Fed is likely to stick to a cautious, gradual easing path, diminishing hopes for near-term rate cuts. Data released this week showed that US labour-market conditions…
The US Dollar (USD) lacked directional momentum this week amid geopolitical and local uncertainty. On the one hand, the United States (US) President Donald Trump continued threatening Iran with military interventions, taking down the tone by the week’s end, but noting that all options are still on the table. On the other hand, the Federal Reserve (Fed) is facing problems stemming from the lawsuit against Chairman Jerome Powell, keeping the USD unattractive to investors.USD Index: the US Dollar Index (DXY) ended the week with modest gains and is trading near 99.30, reaching a monthly high.On the datafront, the US will…