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 UBS suggests reallocating funds into assets like the euro, Swiss franc, yen, gold, or even emerging market currencies, depending on individual risk appetite.  | Photo Credit: REUTERS/Jason Lee The global investors holding too much cash in US dollars may face increasing risks, and it might be the right time to consider shifting some of that money into other currencies or assets, according to a report by UBS.The report stated that the US dollar had been a popular choice in the past few years due to strong US economic growth, high interest rates, and strong performance of US stock markets. However,…

The USD/CAD forecast points south as the loonie strengthens ahead of a likely BoC pause. Market participants are waiting to see developments in trade negotiations. The US is set to release the nonfarm payrolls report on Friday. The USD/CAD forecast points south as the loonie strengthens ahead of a likely BoC pause. At the same time, the US dollar was fragile as traders watched developments in  trade negotiations. Moreover, market participants were cautious ahead of the crucial nonfarm payrolls report. –Are you interested to learn more about MT5 brokers? Check our detailed guide- After stronger than expected economic data from…

The Indian rupee declined for the sixth time in seven sessions on Wednesday, slipping briefly past 86 to the U.S. dollar, as traders unwound bullish positions amid persistent demand for the greenback. The rupee weakened to 86.0225 on Thursday before recovering marginally to end the day 0.4% lower at 85.90. The Indian currency has declined nearly 1.5% from a high of 84.78 it touched last Monday, making it one of the worst-performing Asian currencies over this period.”There is no real let-up in dollar demand from corporates and it would seem that dollar/rupee shorts are done for now, both in onshore…

EUR/GBP moves little as HCOB Eurozone Services PMI fell to 49.7, though it remains above the expected 48.9 reading.Germany Composite PMI edged lower to 48.5 in May, slightly below the expected 48.6.BoE Governor Andrew Bailey said that monetary policy is likely to ease, though he cautioned that the outlook remains uncertain.EUR/GBP moves little after registering losses in the previous session, trading around 0.8420 during the European hours on Wednesday. The currency cross remains steady after the Purchasing Managers’ Index (PMI) data was released from the Eurozone and Germany.HCOB Eurozone Composite PMI came in at 50.2 in May, slightly lower than…

The rupee depreciated 25 paise to 85.86 against the US dollar in early trade on Wednesday amid outflows of foreign funds. Forex traders said the decline was limited by a positive domestic equity market, softer global crude oil prices and a weak American dollar. At the interbank foreign exchange, the rupee opened on a weak note at 85.69 and slipped further by 25 paise to 85.86 against the American currency in early trade. On Tuesday, the rupee fell 22 paise to settle at 85.61 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket…

The Australian Dollar maintains its position after the release of mixed economic data on Wednesday.Australia’s Gross Domestic Product expanded 0.2% QoQ in Q1, against the previous 0.6% growth.The US Dollar faces challenges as tariff uncertainty may hurt growth in the US economy.The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday after registering over 0.5% losses in the previous session. The AUD/USD pair remains in positive territory following the release of mixed economic data from Australia.Australian Bureau of Statistics (ABS) showed that Gross Domestic Product (GDP) grew by 0.2% quarter-over-quarter in Q1, declining from the previous 0.6% growth.…

WTI price climbs to around $62.80 in Wednesday’s early Asian session. Rising geopolitical risks and supply fears support the WTI price.OPEC+ decided to raise output by 411K bpd in July. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.80 during the Asian trading hours on Tuesday. The WTI price extends the rally to two-week highs amid persistent geopolitical tensions and a weaker US Dollar (USD). Traders will take more cues from the EIA Crude Oil stockpiles report, which is due later on Wednesday. A Russian official said on Tuesday that the work on reaching a settlement to end the war in…

USD/CAD dips toward 1.3700 despite stronger US JOLTS data as traders turn cautious ahead of Wednesday’s BoC decision.Technical setup favors bears with USD/CAD stuck in a descending channel; 1.3700 acts as short-term support.Momentum indicators suggest exhaustion with the RSI near oversold levels and the MACD losing its bearish momentum.The Canadian Dollar (CAD) holds firm against the US Dollar (USD) on Tuesday, with the USD/CAD pair trading sideways during the American session to trade around 1.3720. The pair had stabilized earlier in the day as the Greenback attempted a mild rebound, but lost steam despite a stronger-than-expected JOLTS Job Openings report.…

| Photo Credit: iStockphoto The rupee closed at 85.59 against the dollar on Tuesday, 0.3 per cent lower than last Tuesday’s close of 85.34. This is despite some moderation in the greenback.Reports suggest that the Reserve Bank of India (RBI) has been buying dollar inflows, weighing on the rupee’s recovery. The recent data shows that foreign exchange reserves has gone up $7 billion to nearly $693 billion.Also, doubling tariffs to 50 per cent for steel and aluminium imports to the US as announced by Trump created some jitters. On the other hand, over the past week, the foreign inflows have been…

The US JOLTS data will be watched closely ahead of the release of the May employment report on Friday.Job openings are forecast to edge lower to 7.1 million in April.The state of the labor market is a key factor for Fed officials when setting interest rates.The Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday by the United States (US) Bureau of Labor Statistics (BLS). The publication will provide data about the change in the number of job openings in April, alongside the number of layoffs and quits.JOLTS data is scrutinized by market participants and Federal Reserve…