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Currency markets are full of paradoxes. Just when patterns appear, reality flips the chart. Today’s divergence between the U.S. Dollar Index (DXY) and USD/INR is exactly that kind of moment — curious, unusual, and loaded with clues for what may come next.The rupee has slipped to around Rs 88.45 even as the DXY has eased to 96–97, nearly 15 points below its 2025 peak. Meanwhile, emerging market peers like the Mexican peso and Brazilian real are not only holding steady but appreciating. That leaves India standing out as the outlier — and that’s where the story gets interesting. ETMarkets.comWhy the…
USD/CHF consolidates around 0.7920 as the US Dollar trades calmly after Fed Powell’s speech.Fed Powell signals caution on reducing interest rates further.The SNB is expected to hold interest rates at zero level on Thursday.The USD/CHF pair trades broadly calm around 0.7920 during the late Asian session on Tuesday. The Swiss Franc pair consolidates as the US Dollar (USD) wobbles after Federal Reserve (Fed) Chair Jerome Powell signaled caution on interest rate cuts amid growing risks to the dual mandate.During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades stably around 97.35.On…
The rupee depreciated 7 paise from its all-time closing low to 88.80 against US dollar in early trade on Wednesday dragged down by tariff and H-1B visa issues amid persistent foreign fund outflows. Forex traders said rupee is hovering near its all-time low level as enhanced US tariffs on Indian goods as well as US H-1B visa fee hike dented investor sentiments. Moreover, investors’ risk-aversion and trade policy uncertainty has also exacerbated the rupee’s depreciation.At the interbank foreign exchange, the rupee opened at 88.80, registering a decline of 7 paise over its previous close. In initial trade the rupee also…
EUR/USD softens to near 1.1800 in Wednesday’s Asian session. Fed’s Powell renewed caution on inflation risk. France’s S&P Global PMI is experiencing its most severe contraction in five months. The EUR/USD pair edges lower to around 1.1800, snapping the two-day winning streak during the Asian trading hours on Wednesday. The downtick of the major pair is pressured by a rebound in the US Dollar (USD) after the Federal Reserve (Fed) Chair Jerome Powell’s speech. The German IFO survey will be the highlight later on Wednesday.Fed Chair Jerome Powell struck a cautious tone on further easing on Tuesday, which provide some support to the…
Gold price flat lines around $3,760 in Wednesday’s early Asian session.Traders still expect Fed rate cuts in October and December after Fed cut rates by 25 bps earlier this month.The US PCE inflation report for August will take center stage later on Friday. The Gold price (XAU/USD) holds steady near $3,760 after retreating from an all-time high of $3,791 during the early Asian session on Wednesday. Rising expectations of further US rate cuts and safe-haven flows provide some support to the precious metal.The US Federal Reserve (Fed) Chair Jerome Powell said on Tuesday that the central bank faces a “challenging situation” with…
The Indian currency (INR) plunged about 45 paise to close at 88.7550 per US dollar (USD) against the previous close of 88.3075 The rupee declined to close at an all-time low on Tuesday as the steep tariffs on Indian goods entering the US and increase in fees for H-1B visa applicants continued to weigh on it. The Indian currency (INR) plunged about 45 paise to close at 88.7550 per US dollar (USD) against the previous close of 88.3075. The central bank is believed to have intervened at the 88.50 level to ensure that the slide is gradual, say forex dealers.…
The Indian rupee has reached a record low of 88.80 against the dollar, influenced by the new $100,000 H-1B visa fee for applicants and imposing 50% tariffs on Indian goods in the US. The rupee hit an all-time low of 88.80 against the dollar on Tuesday before ending the session at 88.75. Despite the clarification that the H-1B visa fee is a one-time charge only for new applicants, it continued to weigh on the local currency.The one-time $1,00,000 levy on new H-1B applications can slow deployments for US clients. Not just that, dollar remittances to India, too, might be impacted.…
The rupee depreciated 47 paise to hit an all-time low of 88.75 (provisional) against the US dollar on Tuesday, amid sustained outflow of foreign funds on the back of a steep hike in US H-1B visa fee that is expected to give a big blow to Indian IT services exports. Forex traders said the rupee dwindled towards record low levels as market participants analysed the likely repercussions of the new $100,000 H-1B visa levy, which could precipitate a slowdown in remittance growth and curtail service exports to the US. Moreover, risk aversion in domestic markets may also pressurise the rupee,…
The New Zealand Dollar gives away Monday’s gains and returns below 0.5850.The US Dollar picks up from Monday´s lows ahead of the US flash PMIs and Fed Powell’s conference.Weak New Zealand data is boosting expectations of further RBNZ easing and weighing on the NZD.The New Zealand Dollar has given away Monday’s gains against the US Dollar, retreating from the 0.5870 area to levels right above two-week lows near 0.5840, weighed by a moderate US Dollar’s recovery, ahead of US PMI data and Fed Powell’s speech.The US Dollar took a breather on Monday after rallying more than 2% against the kiwi…
The economic activity in the Eurozone’s private sector expanded at a modest pace in early September, with the preliminary HCOB Composite Purchasing Managers’ Index (PMI) edging slightly higher to 51.2 from 51 n August.In this period, the HCOB Manufacturing PMI declined to 49.5 from 50.7, pointing to a contraction in the manufacturing sector, while the Services PMI improved to 51.4 from 50.5. Assessing the survey’s findings, “cost inflation in the services sector, which the European Central Bank watches closely, has eased slightly but remains unusually high given the fragile economic backdrop,” Dr. Cyrus de la Rubia, Chief Economist at Hamburg…