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 Market sentiment remains stable after U.S. President Donald Trump sent tariff letters to 14 countries, including Japan and South Korea, with a new implementation date of August 1 instead of the earlier July 9.  | Photo Credit: iStockphoto The Indian rupee is likely to open marginally higher on Tuesday, helped by the calm in Asian markets despite U.S. President Donald Trump imposing higher tariffs on South Korea and Japan among others.Trump’s comments about nearing a trade agreement with India are supportive of the rupee, according to traders.The 1-month non-deliverable forward indicated a open in the 85.70-85.75 range, versus 85.8500 in…

The rupee fell sharply by 47 paise to close at 85.87 (provisional) against the US dollar on Monday amid rising global crude oil prices and a strong American currency. Outflow of foreign funds fuelled by uncertainties over US President Donald Trump’s trade tariffs put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.53 against the US dollar and traded in the range of 85.51-86.03 before settling at 85.87 (provisional), lower by 47 paise from its previous close. The rupee had settled at 85.40 against the US dollar on Friday.…

The USD/CAD outlook indicates a rallying dollar as markets prepare for Trump’s reciprocal tariffs. The US has only signed trade deals with the UK, China, and Vietnam. Market participants are expecting crucial employment figures from Canada this week. The USD/CAD outlook shows a rallying dollar as markets brace for Trump’s reciprocal tariff deadline. Meanwhile, the Canadian dollar is plunging as traders worry about the likely impact of higher tariffs on Canada’s economy.  –Are you interested in learning more about Forex indicators? Check our detailed guide- With few major economic releases this week, all focus is on the looming tariff deadline.…

The Indian rupee slumped on Monday as uncertainty about U.S. tariff policies resurfaced with President Donald Trump’s threat of a fresh 10% levy on BRICS countries compounding pressure on the local currency alongside peers like South African rand and Chinese yuan. Worries over U.S. trade policies dented risk sentiment across the board, pushing Asian currencies and equities into the red while U.S. equity futures pointed to a weak return from the long weekend. The rupee had declined to a low of 86.0275 per U.S. dollar during the session but pared losses to close at 85.85 per U.S. dollar, down 0.5%…

GBP/USD may find initial resistance at nine-day EMA of 1.3645The 14-day Relative Strength Index holds slightly above the 50 mark, reinforcing a mild bullish bias.The primary support appears around monthly low at 1.3562.The GBP/USD pair extends its losses for the second successive session, trading around 1.3620 during the Asian hours on Monday. The bullish bias persists as the daily chart’s technical analysis indicates that the pair remains within the ascending channel pattern.The 14-day Relative Strength Index (RSI) remains slightly above the 50 level, strengthening the bullish bias. However, the GBP/USD pair has moved below the nine-day Exponential Moving Average (EMA),…

Gold prices fell in India on Monday, according to data compiled by FXStreet. The price for Gold stood at 9,117.16 Indian Rupees (INR) per gram, down compared with the INR 9,189.32 it cost on Friday. The price for Gold decreased to INR 106,340.80 per tola from INR 107,182.50 per tola on friday. Unit measure Gold Price in INR 1 Gram 9,117.16 10 Grams 91,171.61 Tola 106,340.80 Troy Ounce 283,575.60   FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the…

The Australian Dollar falls amid renewed US tariff concerns.Australia’s ANZ Job Advertisements rose 1.8% in June following a decline of 1.2% in May.US Treasury Secretary, Scott Bessent, noted that US tariffs could be rolled back to April 2 levels on August 1.The Australian Dollar (AUD) depreciates against the US Dollar (USD) on Monday, continuing its losing streak for the third successive session. The AUD/USD pair depreciates due to renewed tariff concerns as US President Donald Trump may send out 12 or 15 letters on tariffs later in the day, with the expectation that trade deals or letters with most nations…

The Indian Rupee slumps against US Dollar as Trump threatens to impose 10% on countries supporting BRICS’ anti-American policies.Trump prepares to send letters, outlining tariff rates, to nations that fail to secure trade deal during the tariff deadline.Traders pare Fed dovish bets on upbeat US NFP data.The Indian Rupee declines significantly against the US Dollar (USD) at the start of the week. The USD/INR pair advances to near 86.15, the highest level seen in a week, as United States (US) President Donald Trump threatens in a post on Truth.Social that he will impose additional 10% tariffs on countries that align…

The rupee fell 26 paise to 85.66 against the US dollar in early trade on Monday amid FII outflows and a weak opening at the domestic equity markets. The US on Sunday stepped up pressure on trading partners to make new deals before the July 9 deadline, warning countries that higher tariffs could kick in on August 1, putting further pressure on the rupee. However, a weaker greenback, lower global crude oil prices and the rise in the country’s forex reserves prevented further losses in the local unit, according to forex traders. At the interbank foreign exchange, the domestic unit…

EUR/JPY strengthens to around 170.45 in Monday’s early Asian session, adding 0.17% on the day. The positive bias of the cross prevails above the 100-day EMA, but the overbought RSI condition might cap its upside. The immediate resistance level emerges in the 171.00-171.05 zone; the first downside target to watch is the 170.00 round mark. The EUR/JPY cross gains traction to near 170.45 during the Asian trading hours on Monday. The Japanese Yen (JPY) softens against the Euro (EUR) as data released on Monday revealed that real wages in Japan fell for five consecutive months in May, the fastest pace in nearly two…