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The USD/CAD forecast indicates a pause in the dollar’s rally. Treasury yields collapsed after a successful 10-year note auction. Fed policymakers believe rate cuts will be appropriate later in the year. The USD/CAD forecast indicates a pause in the dollar’s rally after a sharp collapse in Treasury yields in the previous session. At the same time, the impacts of Trump’s new tariff threats were fading. Meanwhile, the FOMC minutes revealed that policymakers were ready to lower borrowing costs later in the year.  –Are you interested in learning more about Forex indicators? Check our detailed guide- The dollar lost its shine…

The rupee appreciated 17 paise to 85.56 against US dollar in early trade on Thursday, as the US-India trade talks made modest progress, with tariff deadline extensions on select Indian exports offering short-term relief. Forex traders said rupee traded in a volatile but narrow range as market participants stayed on the sidelines, waiting for clarity on the US-India interim trade deal. At the interbank foreign exchange, the rupee opened at 85.62 against the dollar, then touched an early high of 85.56, up 17 paise from its previous close. On Wednesday, the rupee closed flat at 85.73 against the US dollar…

The Indian Rupee moves higher against the US Dollar to near 85.65.India is in no rush to sign a trade pact with the US.FOMC minutes suggest that officials are worried about tariff-led inflation.The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday. The USD/INR pair declines to near 85.65, while investors await the confirmation of the trade deal between India and the United States (US) to gauge direction.Last week, US President Donald Trump expressed more than once that Washington is close to striking a deal with India. However, comments from Indian Commerce and Supply Minister Piyush Goyal…

EUR/USD gains ground as the US Dollar weakens amid renewed tariff concerns.Trump’s new letters detail individual tariff rates ranging from 20% to 50% on eight countries, taking effect starting August 1.The Euro advances following the news of the White House not targeting the EU with additional tariffs.EUR/USD appreciates after registering mild losses in the previous session, trading around 1.1730 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) loses ground following the latest Federal Open Market Committee (FOMC) Meeting Minutes and developments on US tariffs.FOMC Minutes from the June 17–18 meeting, released on Wednesday, indicated…

USD/CHF attracts some dip-buying on Thursday amid a combination of supporting factors.A positive risk tone undermines the CHF and supports the pair amid a modest USD uptick.Trade jitters and Fed rate cut bets might hold back bulls from placing aggressive bets.The USD/CHF pair rebounds a few pips from a fresh weekly low touched during the Asian session on Thursday and for now, seems to have stalled this week’s slide from the vicinity of the 0.8000 psychological mark. Spot prices, however, lack bullish conviction and currently trade around the 0.7940 region, unchanged for the day amid mixed cues. Asian stocks tracked…

GBP/USD strengthens to near 1.3605 in Thursday’s Asian session.Most policymakers see rate cuts coming, FOMC Minutes showed.Traders await the US Initial Jobless Claims on Thursday ahead of the UK May GDP data.The GBP/USD pair gains ground around 1.3605 during the Asian trading hours on Thursday. The Greenback softens against the Pound Sterling amid the prospects for more interest rate cuts by the Federal Reserve (Fed) this year. Traders await the US weekly Initial Jobless Claims data later on Thursday. Also, the Federal Reserve (Fed) officials are scheduled to speak, including Alberto Musalem, Christopher Waller and Mary Daly.US President Donald Trump on Monday warned…

Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet. The price for Gold stood at 9,130.02 Indian Rupees (INR) per gram, broadly stable compared with the INR 9,121.96 it cost on Wednesday. The price for Gold was broadly steady at INR 106,490.70 per tola from INR 106,396.80 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 9,130.02 10 Grams 91,300.14 Tola 106,490.70 Troy Ounce 283,975.40   Daily Digest Market Movers: Gold price is underpinned by rising trade tensions, modest USD downtick US President Donald Trump issued tariff notices to eight…

The rupee appreciated by 6 paise to close at 85.67 (provisional) against the US dollar on Wednesday following optimism over a possible trade deal with the US and a delay in the imposition of reciprocal tariffs.A firm US dollar in overseas markets and crude oil staying near $70 per barrel capped the gains in the local currency, forex dealers said.At the interbank foreign exchange, the rupee opened weak at 85.84 against the US dollar, and traded in a range of 85.93 and 85.65 during the day. The local unit finally closed at 85.65 (provisional), up 6 paise from the previous…

The USD/JPY forecast indicates brief relief for the yen after a steep decline. The yen has weakened significantly following Trump’s announcement of a 25% tariff on Japanese goods. Market participants are awaiting the release of the FOMC meeting minutes. The USD/JPY forecast indicates brief relief for the yen after a steep decline due to tariff concerns. However, the outlook for Japan’s economy has darkened following Trump’s threat of a 25% reciprocal tariff.  –Are you interested in learning more about Forex indicators? Check our detailed guide- The yen has weakened significantly this week following Trump’s announcement of a 25% tariff on…

The Indian rupee closed nearly unchanged on Wednesday, tracking a muted reaction in global markets to the latest trade salvos from the White House, with traders in the domestic market awaiting news on a U.S.-India trade deal. The rupee ended at 85.6725 against the U.S. dollar, nearly unchanged from its close at 85.6950 in the previous session. Asian currencies were little changed to a tad weaker, while the dollar index retreated slightly from a two-week high hit on Tuesday to last quote at 97.5.The rupee touched a low of 85.9225 earlier in the day but pared losses later in the…