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Rupee appreciated 25 paise to close at 85.51 (provisional) against the US dollar on Tuesday, supported by weakness of the American currency in the overseas market and a positive tone in the domestic equities amid rise in risk appetite. Forex traders said the US dollar is trading at lowest levels since February 2022 as President Donald Trump’s growing influence on Federal Reserve policy revived fears over the central bank’s independence. Moreover, Brent crude prices remained subdued, offering a buffer to India’s import bill and helping cool inflation. At the interbank foreign exchange, the domestic unit opened at 85.66 against the…
The USD/JPY price analysis indicates rising demand for the safe-haven yen. Uncertainty over trade deals dampened risk appetite. Goldman Sachs believes the Fed will deliver three 25-bps rate cuts this year. The USD/JPY price analysis indicates rising demand for the safe-haven yen amid fiscal and trade uncertainty. At the same time, the dollar weakened due to increasing expectations for Fed rate cuts this year. –Are you interested in learning more about MT5 brokers? Check our detailed guide- The yen surged on Tuesday as fiscal concerns in the US prompted traders to seek safety. Market participants are concerned about Trump’s huge…
The Euro hesitates near highs, supported by a weak US Dollar.A mix of trade uncertainty, US debt concerns, and bets on Fed rate cuts is hammering the US Dollar.EUR/USD has reached overbought levels at 1.1800, a correction looks likely.The EUR/USD pair is trading practically flat around 1.1790 at the moment of writing on Tuesday, edging slightly down after a nine-day rally that reached levels above 1.1800 for the first time in almost four years.The Greenback remains on the defensive, hit by a mix of concerns about the chaotic US trade policy, mounting fears about the country’s fiscal debt, and rising…
Silver attempts to break higher as demand for safe-haven assets increases on Tuesday. Renewed concerns about tariffs have dampened investors’ optimism XAG/USD shows hesitation above a key support level at $35.40. Silver (XAG/USD) is extending its rebound from Monday’s lows at $3540 to intra-day highs at $36.50 so far, with precious metals supported by higher demand for safe havens, amid an increasingly cautious market sentiment.Trump’s comments complaining about the lack of progress on the trade talks with Japan and Treasury Secretary Scott Bessent’s threats to introduce tariffs on July 9 despite ongoing negotiations have revived concerns about the global trade…
The rupee appreciated 42 paise to 85.34 against the US dollar in early trade on Tuesday, as the American unit plunged to a multi-month low and a positive trend in domestic equities boosted sentiments. Forex traders said the US dollar index weakened in the overseas market as President Donald Trump’s growing influence on Federal Reserve policy revived fears over the central bank’s independence. Moreover, brent crude prices remained subdued, offering a buffer to India’s import bill and helping cool inflation. At the interbank foreign exchange, the domestic unit opened at 85.66 against the greenback. In initial trade, it witnessed a…
India’s central bank lowered short dollar positions in the derivatives market for a third successive month in a rejig of its intervention strategy under new chief Sanjay Malhotra.The net book was $65.2 billion short in the forwards market as of May, Bloomberg calculations from RBI data showed. This compares with $72.6 billion as of end-April and a record of $88.8 billion in February.The Reserve Bank of India has been extending the maturity of its forwards book to the above three-month segment. Bulk of the dollar repayments due stood in the three-month to one-year bucket at $30 billion. The higher than…
The US dollar dropped over 10% in the first half of 2025 — its worst H1 performance since 1973 — as global investors weigh the impact of President Donald Trump’s economic policies and remain uncertain about holding exposure to the world’s dominant currency.The dollar index (DXY) which measures the strength of greenback against six major currencies including euro, Swiss franc, Japanese yen and British pound is hovering near the 97 mark. In 2025, so far it has declined by 10.4%. From a 52-week peak of 110, the fall has been to the tune of 13%. A Financial Times report said…
The US Dollar (USD) continues to slide, posting its worst first-semester performance in nearly forty years, according to Bloomberg data. Source
Annual inflation in Germany declined to 2% in June from 2.1% in May. EUR/USD stays in daily range slightly above 1.1700. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis’ flash estimate showed on Monday. On a monthly basis, the CPI remained unchanged, compared to the market expectation for an increase of 0.2%. The Harmonized Index of Consumer Prices in Germany, the European Central Bank’s preferred gauge of inflation, declined to 2% on a yearly basis after rising 2.1% in May. This reading came…
Gold price moves toward $3,300 but US equity strength caps gains.Fiscal concerns loom as Trump’s Big Beautiful Tax Bill comes into focus ahead of the July 4 deadline.XAU/USD looks ahead to Thursday’s Nonfarm Payroll (NFP) report for signs of when the Fed may cut rates.Gold (XAU/USD) continues to trade below $3,300 at the time as markets brace for heightened volatility ahead of Friday’s US Independence Day holiday.Political developments in the United States have taken center stage, with President Donald Trump’s administration accelerating efforts to pass the “One Big Beautiful Bill” by his self-imposed July 4 deadline. The legislation, which narrowly…