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The US Dollar (USD) added to Friday’s advance amid the generalised prudence among market participants ahead of the publication of the US inflation data, while a potential Trump-Putin meeting also helped with the cautious environment.Here’s what to watch on Tuesday, August 12:The US Dollar Index (DXY) extended its recovery past the 99.00 hurdle, although it retraced a big chunk of that advance later in the day. The Inflation Rate will grab all the attention, seconded by the NFIB Business Optimism Index and the API’s weekly report on US crude oil inventories. In addition, the Fed’s Barkin and Schmid are due…

The USD/JPY outlook shows some indecision in the market ahead of the US CPI. Economists are forecasting a US headline figure of 2.8%. Trade tensions between China and the US might increase. The USD/JPY outlook shows some indecision in the market as traders look forward to crucial US inflation figures. Meanwhile, the uncertainty surrounding the deadline for a trade deal between the US and China looms. –Are you interested to learn more about ECN brokers? Check our detailed guide- This week, the US will release its pivotal CPI report. This will show the state of inflation in the country and…

The Indian rupee closed unchanged on Monday, as dollar demand from importers offset early gains driven by a softer greenback and recovery in the non-deliverable forward (NDF) market. The rupee opened at 87.5050 but failed to extend gains, ending flat at 87.6600 against Friday’s close of 87.6600. Traders said private sector banks stepped in to buy dollars, largely on behalf of importer clients hedging positions amid heightened market volatility, after U.S. President Donald Trump’s decision to impose 50% tariffs on Indian goods.Over the past two weeks, the rupee has come close to breaching its all-time low of 87.95, but intervention…

The rupee has depreciated more than 2% so far this year, making it among Asia’s worst-performing currencies | Photo Credit: DHIRAJ SINGH RBI sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions.The Reserve Bank of India sold at least $5 billion worth of the US currency, one of the people said, asking not to be identified as the information is private. The RBI didn’t immediately respond to an email requesting comment on the matter. If the trend persists,…

 India has been consistently calling for ending the Russia-Ukraine conflict through dialogue and diplomacy | Photo Credit: Andrii Yalanskyi The rupee appreciated 8 paise to 87.50 against the US dollar in early trade on Monday, tracking a weak American currency, as investors await cues from the upcoming talks between Russia and the US. Forex traders said the Indian rupee opened with small gains on Monday and is expected to remain within a range of 87.25/87.80 while markets are in a wait-and-watch mode for the US and India CPI inflation and the US-Russia talks on August 15. At the interbank foreign…

India’s foreign exchange reserves (forex) reported a sharp decline, slipping $9.32 billion to $688.871 billion in the week ending August 1, official data released by the Reserve Bank of India showed.At the latest monetary policy meeting, RBI Governor Sanjay Malhotra said the foreign exchange kitty was sufficient to meet 11 months of the country’s imports.Despite this weekly dip, the forex kitty is close to its all-time high of $704.89 billion touched in September 2024.The latest RBI data showed that India’s foreign currency assets (FCA), the largest component of foreign exchange reserves, stood at $581.607 billion.According to RBI data, the gold…

XAG/USD up 0.24% on Friday, on track to end week over 3.5% higher.Price surged more than 6% since July 31 low at 50-day SMA of $36.20.Bullish harami pattern confirmed after breaching July 31 high of $37.26.Silver Price advances for the fourth time in the week, poised to end above $38.00 a troy ounce and close to weekly highs of $38.50 as traders prepare for the weekend. Broad US Dollar weakness across the board and increasing bets that the Federal Reserve might reduce rates at the September meeting, supported the grey metal advance.XAG/USD trades with daily gains of 0.24%, set to…

EUR/USD trades at 1.1648, easing 0.14% but holding close to the 1.1700 mark.Reports suggest Trump–Putin meeting next week could lead to ceasefire in Eastern Europe.Euro’s upside capped by stronger USD and speculation over Waller’s potential nomination as next Fed Chair.The EUR/USD consolidates near the week’s highs, shy of testing the 1.1700 figure on a week in whichthe US Dollar is poised to finish the week with over 1.84% losses against its peers. The hangover of last week’s US Nonfarm Payroll figures, and subsequent worse-than-expected employment data, underpins the Euro, due to increasing chances that the Federal Reserve (Fed) will resume…

AUD/USD climbs for the fourth straight day, buoyed by a weaker US Dollar and rising expectations of a September Fed rate cut.Markets are fully pricing in a 25 basis point rate cut by the Reserve Bank of Australia (RBA) on August 12, which would bring the cash rate down to 3.60%.All major Australian banks including ANZ, CBA, NAB and Westpac expect further easing, with year-end rate forecasts around 3.35%.The Australian Dollar (AUD) is consolidating gains against the US Dollar (USD) on Friday, buoyed by weakness in the Greenback amid growing expectations that the Federal Reserve (Fed) will cut interest rates…

The Dow Jones rose slightly on Friday to close out the week on the high side.Equities wrestled with tariffs, earnings and geopolitical headlines this week.Indexes recovered their footing after a choppy midweek pullback.The Dow Jones Industrial Average (DJIA) found a bit of room on the high side on Friday, adding a little over 200 points to close out a back-and-forth week. United States (US) President Donald Trump’s long-awaited tariffs have come into effect, and markets are either bracing for fallout or hoping for another delay, in equal parts.Despite recently tapping record highs near 45,130, the Dow Jones is struggling to…