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The rupee pared initial gains and settled for the day down 5 paise at 86.36 (provisional) against the US dollar on Tuesday, amid uncertainty over the US-India trade deal ahead of the August 1 deadline. Forex traders said, all eyes are now on the outcome of India-US trade talks, especially as the August 1 deadline for potential tariffs on Indian exports draws near. The weakness in the American currency and softening of crude oil prices supported the rupee at lower levels, while foreign fund outflows and a negative trend in domestic equities weighed on the local unit and restricted the…

The USD/CAD outlook indicates a slight rebound in the dollar. All eyes are now on the looming August 1 tariff deadline. The European Union is planning a tariff retaliation. The USD/CAD outlook suggests a slight rebound for the dollar as traders await updates on tariffs. The greenback fell on Monday amid uncertainty about ongoing trade talks. At the same time, market participants were concerned about the Fed’s independence amid the continuing conflict between Trump and Powell. –Are you interested in learning more about ETF brokers? Check our detailed guide- All eyes are now on the looming August 1 tariff deadline.…

The Dollar holds marginal gains with investors cautious amid growing trade uncertainty.Risk appetite remains subdued as the trade talks with the European Union and Japan remain stalled.The DXY trades 0.15% above Monday’s lows, but still 1% below last week’s highs.againstThe US Dollar is trading moderately higher against its main peers on Tuesday, as US Treasuries rebound on the back of renewed concerns about global trade uncertainty. Still, it remains well below last week’s highs.The negotiations with the European Union and Japan continue, but remarks from Eurozone negotiators suggest that the growing demands from the US are frustrating the deal. The…

Recent UK data releases have not endorsed the market’s tentative speculation on faster Bank of England easing, and two-year GBP swap rates are around 8bp above last week’s lows. Expectations are firmly back on a cut in August and one in December – which is also our call, ING’s FX analyst Francesco Pesole notes.No meaningful impact on the pound this morning”With the rewidening of the EUR:GBP short-term rate differential in favour of the pound over the past couple of weeks, EUR/GBP’s resilience suggests markets are attaching some risk premium to the pair, which we currently estimate to be 0.8% overvaluation.…

The rupee traded in a narrow range and appreciated 5 paise to 86.26 against US dollar in early trade on Tuesday, tracking a positive trend in domestic equities. Forex traders said uncertainty over the eventual state of tariffs globally has been a huge overhang for the forex market, leaving currencies trading in a tight range. At the interbank foreign exchange, the domestic unit opened at 86.26 against the greenback, registering a rise of 5 paise over its previous close. In Initial trade, it also touched 86.29 against the American currency. On Monday, the rupee depreciated 15 paise to close at…

EUR/CHF edges higher amid speculation of intervention from the Swiss National Bank in currency markets.EU–US trade talks stall ahead of August tariff deadline, fueling market uncertainty and limiting EUR/CHF gains.EUR/CHF tests key Fibonacci resistance as downtrend holds, while bearish momentum fades.The Euro (EUR) is edging higher against the Swiss Franc (CHF). On Monday, fundamental dynamics are increasingly shaping the trajectory of EUR/CHF. With recent data pointing to possible intervention by the Swiss National Bank (SNB), the pair has recovered to trade above 0.9330 at the time of writing.Swiss Franc under pressure as SNB deposits spike, lifting EUR/CHF off key supportAccording…

Gold rallies as tariff risks and trade tensions fuel demand for safe-haven bullion. EU-US trade talks stall as President Trump increases demands, sending the US Dollar lower.XAU/USD threatens psychological resistance at $3,400 as bullish momentum increases.Gold (XAU/USD) is benefiting from renewed trade tensions on Monday, which have triggered demand for the safe-haven yellow metal.As the August 1 tariff deadline looms, prospects of a deal between the European Union (EU) and the United States (US) are fading. As a result, XAU/USD has recovered with the price hovering near $3,400 at the time of writing.EU-US trade tensions rise, lifting demand for GoldOngoing…

The US Dollar starts the week under pressure, slipping against major currencies on Monday.Political pressure on Fed Chair Jerome Powell intensifies after DOJ referral over alleged perjury.The DXY US Dollar Index is retesting a critical support zone near 98.80-98.00, showing signs of fading momentum.The US Dollar (USD) kicks off the week on the back foot, slipping against major currencies in Monday trading. Investors are reacting to renewed trade tensions ahead of the August 1 deadline and a generally cautious market sentiment. Despite mostly solid US economic data lately, the Greenback is feeling the heat from ongoing uncertainty surrounding the US…

The rupee depreciated 14 paise to close at 86.30 (provisional) against the US dollar on Monday due to consistent dollar demand from oil importers.Forex traders said after breaching the crucial 86 level, the rupee continued its decline, which intensified the downward trend, tracking a strengthening dollar index.At the interbank foreign exchange, the domestic unit opened at 86.27 against the greenback and touched an intra-day high of 86.19 and a low of 86.36 against the greenback.At the end of Monday’s trading session, the local unit settled at 86.30, down 14 paise over its previous closing price.On Friday, the rupee settled 4…

The Indian rupee logged a modest decline on Monday, pressured by dollar bids from foreign and local private banks, though broad-based weakness in the greenback helped the local currency limit further losses. The rupee closed at 86.2925 against the U.S. dollar, down about 0.2% on the day, after touching a near one-month low of 86.35 earlier in the session. Asian currencies were flat-to-slightly higher, while the dollar index declined by nearly 0.2% to 98.2.The Indian rupee and the Indonesian rupiah are among the few regional currencies nursing losses on the year so far, even as their peers, such as the…