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The Indian rupee ended weaker on Monday as a fall in local equities and marginal slip in Asian currencies weighed on the currency, while traders remained cautious on speculative positions as the rupee settles into a fresh trading range.The local currency closed at 90.07 per U.S. dollar, down 0.1% on the day.Likely portfolio outflows from local stocks troubled the rupee on the day, traders said, while a pick up in exporter hedging and intermittent dollar sales from state-run banks helped keep a lid on its decline.India’s benchmark equity indexes, the BSE Sensex and Nifty 50 fell about 0.7% and 0.9%,…

Japan’s Keidenren Chair Tsutsui said during the European trading session on Monday that negotiators are expected to visit China in January to discuss over trade.Additional remarksIt’s important for Japan and China’s governments to keep up dialogue.Concerned about the impact of China spat on businesses.Hopeful business delegation can visit China in January.2% yield on 10-year JGBs is a key milestone.Market reactionThe impact of Japan Tsutsui’s comments on the Japanese Yen (JPY) appears to be insignificant. As of writing, the USD/JPY pair trades flat around 155.20. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against…

The rupee depreciated 16 paise to 90.11 against the US dollar in early trade on Monday, weighed down by elevated crude oil prices and persistent foreign fund outflows. Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors pressurised the rupee. At the interbank foreign exchange, the rupee opened at 90.07 against the US dollar then dropped to 90.11, down 16 paise from its previous close.On Friday, the rupee settled at 89.95 against the US dollar, after the Reserve Bank of India cut the key policy interest rate for the first time in six months. Forex traders…

RBI delivers the secret instructions to dedicated rupee traders in soundproof rooms.Some days the orders focus on size: sell $100 million every minute. Other times, it’s about market levels: sell everything until the target is hit. And on certain days, the instruction is simply to step aside.The hard-to-predict intervention strategy is part of the Reserve Bank of India’s increasingly high-stakes attempt to manage the rupee as it weakens to all-time lows.Interviews with bankers, traders and former central bank officials — some of whom described on condition of anonymity how the RBI’s closely guarded interventions work — suggest volatility is likely…

The USD/CAD pair trades weakly near its 11-week low around 1.3800 during the Asian trading session on Monday. The Loonie pair fell drastically on Friday after the release of the Canadian labor market report for November, which showed that the Unemployment Rate dropped significantly to 6.5% from 6.9% in October due to a significant increase in part-time workers.Full-time jobs created by the Canadian economy in November were 53.6K, slightly lower than 66.6K in October, while economists anticipated that employers would have shed 5K jobs.Strong Canadian employment data has diminished hopes of an interest rate cut by the Bank of Canada…

The USD/JPY pair loses ground to near 155.25 during the early Asian session on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as traders brace for the Federal Reserve (Fed) meeting this week, where policymakers are widely expected to cut interest rates. The final reading of Japan’s Gross Domestic Product (GDP) report for the third quarter will be released later on Monday. Traders increased their expectation that the US central bank will deliver a 25 basis points (bps) rate reduction at its December meeting. According to the CME FedWatch tool, financial markets are currently pricing in nearly a 90% chance…

So far in 2025, the forex kitty has cumulatively increased by about $48 billion, data showed. | Photo Credit: ANINDITO MUKHERJEE India’s foreign exchange reserves declined by $1.877 billion in the week that ended November 28 to $686.227 billion, according to the latest weekly data released by the Reserve Bank of India (RBI).In the last reporting week (November 21), forex reserves declined by $4.472 billion to $688.104 billion, driven by a slump in both foreign currency assets and gold reserves.Over the past many weeks, the forex kitty has been largely in a downtrend.RBI’s ‘Weekly Statistical Supplement’ data showed that India’s…

On Friday, the EUR/USD remained steady, poised to finish the week with gains of 0.39%, trade subsided capped by the 1.1650 figure as traders eyed the Federal Reserve’s decision next week.Euro holds gains; US inflation and sentiment data shape market outlookEconomic data boosted the US Dollar, which trimmed some of its previous losses against the Euro. Inflation data in the US was mostly aligned with estimates, while Consumer Sentiment revealed by the University of Michigan (UoM) showed signs of improvement.In the Eurozone, growth figures for the bloc showed the economy’s resilience with monthly data exceeding forecast. European Central Bank (ECB)…

The Canadian Dollar (CAD) found room on the high side on Friday, climbing nearly 0.9% and locking in a second straight week of firm gains for the Loonie. The CAD has gained nearly 2.2% bottom-to-top against the US Dollar (USD) since hitting seven-month lows in early November.Canadian labor data came in broadly stronger than expected in November, with the Canadian economy adding far more jobs than expected. The Canadian Unemployment Rate tumbled to its lowest level since August 2024. US Personal Consumption Expenditures Price Index (PCE) inflation data from September also came in slightly better than expected, helping to keep broad-market…

The Dow Jones Industrial Average (DJIA) made slim gains on Friday, climbing another 150 points and ending a moderately bullish week near the 48,000 handle. US Personal Consumption Expenditures Price Index (PCE) data, despite being from September, helped bolster market confidence that the Federal Reserve (Fed) will be delivering a third straight interest rate cut on December 10.The Standard & Poor’s 500 (SP500) also climbed around 0.3% on Friday, putting the broad-market index on pace to challenge all-time highs.PCE inflation cools slightly, bolsters Fed rate cut hopesCore PCE inflation ticked down to 2.8% YoY in September, while the monthly figure…