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The Australian Dollar gains ground as RBA Bullock warned that inflation risks persist.China’s Consumer Price Index rose 0.1% YoY, while the monthly CPI fell by 0.1% in June.President Trump may announce soon a 50% tariff on imported copper and a 200% tariff on pharmaceutical imports.The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday, extending its gains for the second successive session. The AUD/USD pair appreciated as the Reserve Bank of Australia (RBA) Governor Michele Bullock said in a post-meeting conference that inflation risks persist due to elevated unit labor costs and weak productivity, which could push inflation…

The USD/JPY price analysis indicates growing concerns about the state of Japan’s economy. Trump sent letters to some countries, including Japan and South Korea, notifying them of higher tariffs. Some major partners, such as the European Union, may not face higher tariffs. The USD/JPY price analysis indicates growing concerns about the state of Japan’s economy following Trump’s announcement of a 25% tariff on its goods, effective in August. The move came after the US and Japan failed to reach a deal before the reciprocal tariff deadline. However, Japan seems willing to continue negotiations. –Are you interested in learning more about…

The rupee rose 26 paise to close at 85.68 (provisional) against the US dollar on Tuesday on the back of a decline in global crude oil prices and a weaker greenback. Foreign fund inflows and firm domestic equity markets further boosted the rupee, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar and traded in a narrow range of 85.64-85.80 before settling at 85.68 (provisional), up 26 paise from the previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dollar on…

The Indian rupee posted modest gains on Tuesday, tracking strength in regional peers, as markets looked past the White House’s tariff letters and instead took solace in the deadline extension to August 1 that leaves room for deals to be struck. The rupee closed at 85.6950 against the U.S. dollar, up about 0.2% from its close at 85.85 in the previous session. Market reaction to U.S. President Donald Trump dispatching letters to 14 trading partner with sharply higher tariffs on imports into the United States was largely muted, with most regional equities and currencies gaining on Tuesday.For instance, while South…

Reserve Bank of Australia (RBA) Governor Michele Bullock is addressing the press conference, explaining the reason behind unexpectedly leaving the key interest rate unchanged at 3.85% in the July policy meeting.Bullock is responding to media questions as part of a new reporting format for the central bank that started this year.For RBA Bullock’s press conference live stream, please follow hereKey quotes from the RBA press conference Already cut by 50 bps effects still to flow through.Appropriate to have cautious gradual stance on easing.This decision was about the CPI timing rather than direction.There was active debate in board room, difference in two…

Australian Treasurer Jim Chalmers said on Tuesday that the Reserve Bank of Australia (RBA) hold is not the result millions of Australians were hoping for or what the market was expecting. Chalmers further stated that the Australian central bank has indicated the direction of travel on inflation and interest rates has been established. Market reactionAt the time of writing, the AUD/USD pair is trading 0.85% higher on the day to trade at 0.6546. RBA FAQs The Reserve Bank of Australia (RBA) sets interest rates and manages monetary policy for Australia. Decisions are made by a board of governors at 11 meetings a year…

The Indian Rupee rebounds against the US Dollar amid firm expectations that India and the US will reach a deal soon.Trump slams 14 countries with reciprocal tariffs on Monday.Investors await the FOMC minutes to be released on Wednesday.The Indian Rupee (INR) recovers against the US Dollar (USD) during the European trading session on Tuesday. The USD/INR pair corrects to near 85.88 from the weekly high of 86.15 posted on Monday. The pair retraces as United States (US) President Donald Trump has reiterated confidence that Washington will strike a trade agreement with India.”We’ve made a deal with the United Kingdom (UK),…

USD/CAD depreciates as US Dollar declines following updated Trump’s tariff rates.President Trump announced new tariffs of up to 40% on 14 countries.The Canadian Dollar remains stable as the Prime Minister Office said that Canada was not targeted by the US tariffs.USD/CAD depreciates after registering over 0.50% gains in the previous session, trading around 1.3650 during the Asian hours on Tuesday. The pair faces challenges as the US Dollar (USD) struggles, driven by market caution. This follows US President Donald Trump’s announcement of updated tariff rates on 14 countries that have yet to secure trade deals with Washington.US President Donald Trump…

AUD/NZD attracts significant bids and jumps to near 1.0860 as the RBA surprisingly kept the OCR steady at 3.85%.The RBA kept interest rates steady to get more clarity on whether inflation is on track to return to the 2.5% target.Investors expect the RBNZ to leave the OCR unchanged at 3.25%.The AUD/NZD pair jumps to near 1.0860 during the Asian session on Tuesday. The pair attracts significant bids as the Reserve Bank of Australia (RBA) has surprisingly kept its Official Cash Rate (OCR) steady at 3.85%.Traders were increasingly confident that the RBA will reduce interest rates by 25 basis points (bps)…

The rupee rose 22 paise to 85.72 against the US dollar in early trade on the back of fall in global crude oil prices and a weaker greenback. FII inflows and a positive domestic equity market further boosted the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.75 against the US dollar before rising further to 85.72, up 22 paise against its previous close. The local unit logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday. “The rupee recovered towards closing yesterday (Monday) after falling…