Author: admin

The rupee appreciated by 14 paise to close at 86.59 (provisional) against the US dollar on Friday aided by a fall in global crude oil prices and a weakening greenback. A strong show in the domestic equity markets, and FII inflows further supported the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 86.65 against the US dollar and traded in a narrow range of 86.55-86.67 before settling at 86.59 (provisional), up 14 paise. The rupee had lost 30 paise to close at an over two-month low of 86.73 against the dollar on Thursday,…

Europe’s common currency looking like a key beneficiary as the region’s markets benefit from billions in government stimulus spending. | Photo Credit: Lazy_Bear There’s been a shift in trading volumes. Around 15 per cent to 30 per cent of contracts tied to the dollar versus major currencies were switched to the euro, looking at data from the Depository Trust & Clearing Corporation for the first five months of this year versus the final five months of 2024. There are also signs the euro is being used as a haven — traditionally the dollar’s role — and for bets on big…

Though geopolitical tensions were the main market focus this week, concerns about tariffs and the impact they may have on costs, corporate margins and overall growth are ever-present | Photo Credit: YURIKO NAKAO Highlights Fears of US involvement in Middle East conflict spark demand for dollar Oil prices, war and tariffs cloud central banks’ policy outlook China keeps benchmark rates unchanged as expected in June The dollar was set for it’s biggest weekly rise in over a month on Friday, as uncertainties about a raging war in the Middle East and the potential repercussions for the global economy fuelled an…

The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause.The US stated that it will decide whether to attack Iran directly in the next two weeks.This week, the Fed left interest rates steady and warned of upside inflation risks.The Indian Rupee (INR) snaps a three-day losing streak on Friday, trades higher to near 86.60 against the US Dollar (USD) during the European session. The USD/INR pair corrects after posting a fresh two-month high around 86.93 on Thursday as the Indian Rupee gains, while the Oil price struggles to extend its…

AUD/JPY regains some positive traction following the previous day’s modest decline.A weaker USD benefits the AUD, while reduced BoJ rate cut bets weigh on the JPY.The divergent BoJ-RBA policy expectations warrant some caution for bullish traders.The AUD/JPY cross is building on the overnight bounce from the 93.80 area and gaining some positive traction during the Asian session on Friday. Spot prices, however, remain confined within a multi-day-old range amid mixed fundamental cues and currently trade around the 94.35-94.40 horizontal resistance, up less than 0.10% for the day.The Australian Dollar (AUD) benefits from a weaker US Dollar (USD) and draws additional…

The rupee, which extended its decline for the third day on the trot, closed at 86.7225 per US dollar, down about 25 paise versus previous close of 86.4775. | Photo Credit: Vectoraart The rupee on Thursday declined to its lowest level in level in about three months, weighed by a strong dollar Index, which rose after the US Fed kept key interest rates unchanged. Hardening crude oil prices amid the escalating war between Israel and Iran also had a depreciating effect on the rupee. The rupee, which extended its decline for the third day on the trot, closed at 86.7225…

XAG/USD slips for a second day, easing from a fresh 12-year high near $37.32.Geopolitical tensions and structural supply deficits keep the medium-term outlook bullish.Daily RSI shows bearish divergence; key support seen at $35.30–$35.50 zone.The Silver (XAG/USD) edges lower for the second consecutive day on Thursday, retreating from a fresh multi-year high of $37.32 touched on Wednesday, as traders lock in profits following the Federal Reserve’s (Fed) cautious policy pause. The Fed held rates steady but signaled that borrowing costs may remain elevated for longer, giving the US Dollar some breathing room and weighing slightly on precious metals.At the time of…

Gold prices trade flat as markets balance the Fed’s data-dependent stance with rising geopolitical risks.The US Dollar temporarily stalls as US President Trump meets with his national security team to discuss the next steps in addressing the Israel-Iran conflict.XAU/USD trades in a narrow range as markets await developments on Middle East tensionsGold (XAU/USD) is trading within a tight range on Thursday, consolidating between $3,360 and $3,400. These levels have repeatedly served as key short-term support and resistance over recent sessions. With the United States (US) observing the Juneteenth holiday, lower trading volumes have resulted in subdued price movements, although underlying risks remain…

Indian Rupee extends losing streak for the third consecutive day, hits weakest level since mid-March against the US Dollar.Israel–Iran conflict enters seventh day, US reportedly prepared for possible military strike.Brent and WTI crude are up over 20% this month, supply fears keep prices elevated.The Indian Rupee (INR) extends its losing streak for a third consecutive day against the US Dollar (USD) on Wednesday, sliding to a three-month low as the escalating Middle East conflict fuels fresh supply worries and keeps Crude Oil prices elevated. Higher Oil costs continue to strain India’s import bill, adding persistent pressure on the Rupee.The USD/INR…

The Dollar extends gains for the third consecutive day as Middle East tensions escalate.The positive impact of higher Oil prices on the CAD remains subdued amid the strong risk-off sentiment.Fed Powell’s hawkish remarks provided additional support to the US Dollar.The USD/CAD advances for the third consecutive day on Thursday and remains steady above 1.3700 at the moment of writing, after having tested the early June highs, near the 1.3730 area earlier today.The US Dollar is one of the strongest G8 performers on Thursday, as investors rush for safe assets, amid growing fears that the US will strike Iran, bringing the…