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In an interview with El Financiero, Victoria Rodriguez Ceja, Banco de Mexico (Banxico) Governor, said that the Mexican Peso (MXN) strength was due to the market’s perception of Mexico’s “preferential treatment” in the US tariffs policy. When asked about monetary policy, she said that Banxico’s current policy stance is adequate.Victoria Rodríguez emphasized that the current monetary policy stance is adequate to address inflationary pressures and contribute to the convergence of inflation toward its 3.0 percent target by the third quarter of 2026.”Our decisions are based on all the information available to us at each of our meetings. We believe that…

EUR/USD down 0.30%, trading at 1.1605 after touching daily high of 1.1675.US Dollar bought ahead of US July CPI release; hot print could dampen Fed rate cut bets.Italy’s July inflation steady at 1.7% YoY, matching ECB target and June reading.Trump–Putin talks may yield Ukraine ceasefire progress, potentially easing EU energy costs.The EUR/USD edges lower on Monday, down 0.26% as the Greenback is bought by traders ahead of another inflation report in the United States (US) coming Tuesday. This, along with Italy’s revelation that prices reached the European Central Bank’s (ECB) target, justifies the need to hold rates even at the…

The Dow Jones backslid around 200 points on Monday.Equities are trimming the topside ahead of a key US CPI inflation print.Rising inflation pressures could threaten Fed rate cut expectations.The Dow Jones Industrial Average (DJIA) fell back on Monday, shedding around 200 points and testing below 44,000 once again as investors brace for the latest United States (US) Consumer Price Index (CPI) inflation figures due on Tuesday. Markets have fully priced in an interest rate cut at the Federal Reserve’s (Fed) next rate call on September 17, but a resurgence of inflationary pressure could put a pin in rate trim hopes.The…

AUD/USD steadies above 0.6500 ahead of the RBA monetary policy decision on Tuesday.The RBA is widely expected to cut the cash rate by 25 bps to 3.60%, with traders closely watching the RBA Monetary Policy Statement and RBA Press Conference for updated economic forecasts.The Central bank held rates at 3.80% in July after two consecutive cuts, citing caution on inflation and global uncertaintiesThe Australian Dollar (AUD) trades with a slightly negative tone against the US Dollar (USD) on Monday, with AUD/USD holding steady above the 0.6500 level as investors brace for Tuesday’s Reserve Bank of Australia (RBA) monetary policy decision.…

The US Dollar (USD) added to Friday’s advance amid the generalised prudence among market participants ahead of the publication of the US inflation data, while a potential Trump-Putin meeting also helped with the cautious environment.Here’s what to watch on Tuesday, August 12:The US Dollar Index (DXY) extended its recovery past the 99.00 hurdle, although it retraced a big chunk of that advance later in the day. The Inflation Rate will grab all the attention, seconded by the NFIB Business Optimism Index and the API’s weekly report on US crude oil inventories. In addition, the Fed’s Barkin and Schmid are due…

The USD/JPY outlook shows some indecision in the market ahead of the US CPI. Economists are forecasting a US headline figure of 2.8%. Trade tensions between China and the US might increase. The USD/JPY outlook shows some indecision in the market as traders look forward to crucial US inflation figures. Meanwhile, the uncertainty surrounding the deadline for a trade deal between the US and China looms. –Are you interested to learn more about ECN brokers? Check our detailed guide- This week, the US will release its pivotal CPI report. This will show the state of inflation in the country and…

The Indian rupee closed unchanged on Monday, as dollar demand from importers offset early gains driven by a softer greenback and recovery in the non-deliverable forward (NDF) market. The rupee opened at 87.5050 but failed to extend gains, ending flat at 87.6600 against Friday’s close of 87.6600. Traders said private sector banks stepped in to buy dollars, largely on behalf of importer clients hedging positions amid heightened market volatility, after U.S. President Donald Trump’s decision to impose 50% tariffs on Indian goods.Over the past two weeks, the rupee has come close to breaching its all-time low of 87.95, but intervention…

The rupee has depreciated more than 2% so far this year, making it among Asia’s worst-performing currencies | Photo Credit: DHIRAJ SINGH RBI sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions.The Reserve Bank of India sold at least $5 billion worth of the US currency, one of the people said, asking not to be identified as the information is private. The RBI didn’t immediately respond to an email requesting comment on the matter. If the trend persists,…

 India has been consistently calling for ending the Russia-Ukraine conflict through dialogue and diplomacy | Photo Credit: Andrii Yalanskyi The rupee appreciated 8 paise to 87.50 against the US dollar in early trade on Monday, tracking a weak American currency, as investors await cues from the upcoming talks between Russia and the US. Forex traders said the Indian rupee opened with small gains on Monday and is expected to remain within a range of 87.25/87.80 while markets are in a wait-and-watch mode for the US and India CPI inflation and the US-Russia talks on August 15. At the interbank foreign…

India’s foreign exchange reserves (forex) reported a sharp decline, slipping $9.32 billion to $688.871 billion in the week ending August 1, official data released by the Reserve Bank of India showed.At the latest monetary policy meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country’s imports.Despite this weekly dip, the forex kitty is close to its all-time high of $704.89 billion touched in September 2024.The latest RBI data showed that India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at $581.607 billion.According to RBI data, the gold…