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AUD/USD wobbles around 0.6500 as investors await Trump-Zelenskyy meeting at the White House.US President Trump stated that Ukrainian President Zelenskyy could end war with Russia.Investors expect the Fed to cut interest rates in September.The AUD/USD pair trades broadly stable around 0.6500 during the European trading session on Monday. The Aussie pair consolidates as investors await the meeting between United States (US) President Donald Trump and Ukrainian President Volodymyr at the White House during the day.Ahead of the meeting, US President Trump has stated in a post on Truth.Social that Ukrainian President Zelenskiy could end war with Russia if he dropped…

The much-anticipated summit between the US President and his Russian counterpart did not have a significant impact on the US dollar, despite the generally negative reporting in its aftermath (see the article below). While diplomatic developments are likely to remain in focus in the coming days, the central bank meeting in Jackson Hole at the end of the week is expected to have a greater impact on the currency market. Who will ultimately pay the higher US tariffs? Officials currently calling for interest rate cuts seem to be focusing on the idea that US tariffs will not lead to increased…

The rupee edged higher by 20 paise to 87.39 against the US dollar in early trade on Monday, amid a positive trend in domestic equities.Forex traders said the uncertainty over the trade tariffs issue between India and the US is likely to keep market participants cautious.At the interbank foreign exchange market, the rupee opened at 87.46 against the US dollar, then touched 87.39, registering a gain of 20 paise over its previous close.On Thursday, the rupee settled for the day at 87.59 against the US dollar.The forex and equity markets were closed on Friday on account of Independence Day.The Indian…

The dollar dithered on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve’s Jackson Hole symposium for more policy clues. Currency moves were largely subdued in the early Asia session, though the dollar steadied after last week’s fall as traders further pared back bets of a jumbo Fed cut next month. The euro was little changed at $1.1705, while sterling edged up 0.07% to $1.3557.Against a basket of currencies, the dollar advanced slightly to 97.85, after losing 0.4% last week. Markets are now…

India’s foreign exchange reserves rose by $4.747 billion in the week that ended August 8 to $693.618 billion, driven by gains in both foreign currency assets and gold holdings, the Reserve Bank of India (RBI) said in its latest ‘Weekly Statistical Supplement’.In the preceding week, India’s foreign exchange reserves reported a sharp decline, slipping $9.32 billion. Still, the forex kitty is hovering close to its all-time high of $704.89 billion touched in September 2024. After the latest monetary policy review meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country’s imports.The…

United States (US) President Donald Trump and Russian President Vladimir Putin concluded an initial face-to-face meeting in Alaska late Friday, with both parties delivering mutually inconclusive statements. Trump and Putin both delivered vague promises of “progress” on multiple fronts, but initial details remain light. Now, President Trump will be pivoting to hand-delivering Russia’s peace proposals on Ukraine to both the Ukrainian and European Union government bodies.Key Putin highlightsMeeting has been long overdue.Ukraine situation was one of key issues.Ukraine war is a tragedy, great pain for usAgree with trump, Ukraine security must be guaranteed.Hope Kyiv and Europe will view agreements positively.Today’s…

The Dow Jones found new all-time highs on Friday before trimming gains.US consumer sentiment took an unexpected hit in August.Consumers are beginning to sour on economic outcomes as tariff effects begin to crop up.The Dow Jones Industrial Average (DJIA) surged to record highs early on Friday, touching chart territory north of 45,250 for the first time ever. However, tepid consumer sentiment data and a looming meeting between United States (US) President Donald Trump and Russian President Vladimir Putin are weighing on investor sentiment to wrap up the trading week.The Dow Jones has tapped in a new all-time high of 45,277…

the NZD/USD set for 0.49% weekly loss, trading near 0.5923 after rejection from 0.5994 resistance.Pair slips below 50 and 100-day SMAs, turning them into key short-term resistance levels.RSI momentum shifts bearish, opening the path toward 0.5900 and August lows near 0.5856.The New Zealand Dollar (NZD) halted its rally and turned negative, poised to finish 0.49% down in the week, after failing to clear key resistance levels, which paved the way for a drop towards the weekly lows near 0.5900. NZD/USD trades at 0.5923, down 0.09%.NZD/USD Price Forecast: Technical outlookFrom a daily chart perspective, the pair trades sideways to downward biased…

United States (US) President Donald Trump has landed in Alaska, as he gears up for his sit-down meeting with Russian President Vladimir Putin to negotiate a peace deal between Russia and Ukraine. Ukrainian President Volodimir Zelenskiy is not in attendance.According to market rumors, President Trump is prepared to offer Russia “rare earth minerals” access, ostensibly in Alaska, in exchange for some sort of ceasefire package with Ukraine. This runs counter to most of Trump’s presidency, who has been consistently worrying publicly about other countries taking advantage of or otherwise disregarding US rare earth markets.Trump reiterated that stock markets are doing…

EUR/USD rises 0.47% to 1.1702, shrugging off in-line July US Retail Sales and upward June revision.Market focus on Trump–Putin summit in Anchorage; analysts skeptical about securing Ukraine ceasefire.UBS sees EUR/USD reaching 1.21 by year-end if truce achieved.US consumer sentiment weakens in August amid inflation fears despite strong spending data.EUR/USD reverses its course, climbs on Friday, ignoring solid US Retail Sales data due to market participants still pricing in a Federal Reserve (Fed) rate cut in September. The pair trades at 1.1702, up 0.47%.The market’s attention turned to Anchorage, Alaska, for the summit of US President Donald Trump and Russian President…