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EUR/CHF trades around 0.9350 on Monday, rebounding modestly after hitting its lowest since August 1 last week.ECB’s Isabel Schnabel said rates are in a “good place,” flagged upside inflation risks, and noted euro area growth is set to exceed potential.Swiss Producer and Import Prices fell 0.6% MoM in August, while the annual rate slumped to -1.8%.EUR/CHF kicks off the week on a positive note, attracting fresh buying interest after briefly falling to its lowest level since August 1 late last week. At the time of writing, the cross trades around 0.9350 on Monday, as the Euro draws some support from…
The New Zealand Dollar (NZD) has not performed well in 2025. It is the third worse performing G10 currency in the year to date after the CAD and the USD and the second worst performer after the JPY in the half year to date, Rabobank’s FX analyst Jane Foley reports. RBNZ easing bias and weak economy weigh on kiwi”The poor performance of the NZD this year reflects the easing bias of the RBNZ, New Zealand’s lengthy bout of economic weakness, its links with the weak Chinese economy and the larger than expected 15% Trump trade tariff imposed on the country…
GBP/JPY extends gains for the fourth consecutive day, breaking firmly above the 200.00 psychological level.Technicals remain constructive with RSI at 62.7 and a fresh MACD bullish crossover.Traders eye key risk events this week, including UK jobs and CPI data ahead of the BoE decision on Thursday, and Japan’s CPI release before the BoJ meeting on Friday.The British Pound (GBP) is extending its winning streak against the Japanese Yen (JPY) for the fourth consecutive day on Monday, with the cross trading near its strongest level in more than a year. At the time of writing, GBP/JPY is trading around 200.50, up…
US Dollar (USD) is likely to trade in a range of 7.1160/7.1330. In the longer run, room for USD to drop below 7.1100; any decline is likely to be slow, and 7.1000 may not come into view so soon, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Room for USD to drop below 7.110024-HOUR VIEW: “We expected USD to ‘trade in a range between 7.1080 and 7.1240’ last Friday. However, after dipping briefly to 7.1128, USD rebounded strongly to a high of 7.1296. Upward momentum has increased, but not significantly. Today, we expect USD to trade in…
The rupee witnessed range-bound trading and settled higher by 6 paise at 88.20 (provisional) against the US dollar on Monday, as the domestic unit was caught between worries over US trade tariffs and hopes of a Fed rate cut.Forex traders said, likely intervention of the RBI has helped in controlling volatility and preventing a quick depreciation of the local unit.At the interbank foreign exchange, the rupee opened at 88.25, then touched an intraday low of 88.30 and a high of 88.13 against the greenback during the day. The domestic unit settled for the day at 88.20 (provisional), higher by 6…
The USD/CAD forecast shows the dollar in a vulnerable position ahead of the Fed meeting. Market participants are almost fully pricing a 25-bps Fed rate cut. The BoC is also facing pressure to cut rates this week. The USD/CAD forecast shows the dollar in a vulnerable position as markets prepare for a likely Fed rate cut this week. Meanwhile, the Canadian dollar could also face downward pressure from an expected rate cut during the Bank of Canada policy meeting. –Are you interested in learning more about ETF brokers? Check our detailed guide- Market participants are almost fully pricing a 25-bps…
The rupee witnessed range-bound trading in morning deals on Monday and depreciated 4 paise to 88.30 against the US dollar, as tariff-led pressure on India’s exports weighed on investor sentiments. Forex traders said the rupee traded in a tight range as it is caught between worries over US trade tariffs, persistent foreign portfolio outflows, and hopes of a US rate cut. At the interbank foreign exchange market, the rupee opened at 88.25, then lost ground and touched a low of 88.30 against the US dollar, registering a decline of 4 paise over its previous close.On Friday, the Indian rupee recovered…
The Income Tax Department on Sunday clarified that the due date for filing Income Tax Returns (ITRs) has not been extended beyond September 15, rejecting claims circulating on social media about a further extension.In a statement, the I-T department said that fake messages were being circulated suggesting that the deadline, originally due on July 31, 2025 and later extended to September 15, 2025, had been pushed to September 30.”A fake news is in circulation stating that the due of filing ITRs (originally due on 31.07.2025, and extended to 15.09.2025) has been further extended to 30.09.2025. The due date for filing…
ANZ Group on Monday agreed to pay A$240 million ($159.5 million), the Australian corporate regulator’s largest-ever penalties against a single entity, following systemic failures ranging from acting “unconscionably” in a government bond deal to charging deceased customers. “Time and time again ANZ betrayed the trust of Australians,” Australian Securities and Investments Commission (ASIC) Chair Joe Longo said. The penalties are a troubling milestone for Australia’s fourth-largest bank, which last week announced 3,500 job cuts as new CEO Nuno Matos looks to improve profitability.ANZ Chair Paul O’Sullivan told analysts and reporters on Monday the bank must make a significant change in…
India’s foreign exchange reserves rose by USD 4.038 billion in the week that ended September 5 to $698.268 billion, driven largely by a rise in gold reserves, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement.’ The country’s foreign exchange (forex) kitty is hovering close to its all-time high of $704.89 billion, reached in September 2024. The RBI data showed that the gold reserves currently amount to $90.299 billion, witnessing a rise of $3.530 billion in the reported week.For the reported week, India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at…