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Rupee sheds 39 paise against dollar India’ strike against terror infrastructure in Pakistan and the fall in equity markets in early trading dragged the rupee down on Wednesday to its biggest single-day drop in a month even as the dollar gained ground against global currencies.The rupee, which opened about 14 paise weaker on Wednesday, closed at 84.8250 per US dollar, down about 39 paise vs previous close of 84.44.Indian defence forces launched missile strikes early Wednesday on nine terror targets in Pakistan to avenge the killing of 26 tourists in Pahalgam (Kashmir) by terrorists sponsored by the latter. This dampened…

Gold sees losses getting contained to only 1%  with China and the US top officials set to meet in Switzerland this weekend.Strikes and counterstrikes between India and Pakistan took place in early Wednesday.Gold remain poised for upside with tail risks plentiful on these China-US talks possibly breaking down.  Gold (XAU/USD) remains in steady trading on Wednesday around $3,390 at the time of writing and for most part in the European session, ahead of the Federal Reserve (Fed) rate decision and after statements from both China and the United States (US) confirmed that trade talks will kick off this weekend. US…

At the interbank foreign exchange, rupee opened at 84.65 and moved between an intra-day high of 84.47 and a low of 84.93 against the greenback The rupee depreciated 45 paise to close at 84.80 (provisional) against the US dollar on Wednesday, as heightened cross-border tensions following India’s military strikes against terrorist camps in Pakistan and Pakistan-Occupied Kashmir weighed on the domestic currency.Indian armed forces on early Wednesday carried out missile strikes on nine terror targets in Pakistan and Pakistan-Occupied Kashmir including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba’s base in Muridke.The military strikes were conducted under Operation Sindoor two weeks…

The USD/CAD forecast points to strength in the oil markets, which is boosting the loonie. China and the US will hold trade talks on Saturday. The Fed will likely keep rates on hold. The USD/CAD forecast points to strength in the oil markets due to hopes of a trade deal between China and the US. As a result, the commodity-sensitive Canadian dollar gained. However, the move was subdued as market participants looked forward to the FOMC policy meeting. -Are you looking for forex robots? Check our detailed guide-  Oil prices rose Wednesday after reports that China and the US will…

The Indian rupee weakened on Wednesday to log its worst single-day decline in a month as worries over an escalation in geopolitical conflict between India and Pakistan hit sentiment alongside a fall in Asian peers. India said it had struck nine Pakistani “terrorist infrastructure” sites, some of them linked to an attack by militants on tourists that killed 26 people in Indian Kashmir last month. Pakistan said it had shot down five Indian fighter jets in the worst fighting in more than two decades between the nuclear-armed neighbors.The Indian rupee closed lower by nearly 0.5% at 84.8250 against the U.S.…

The US Dollar Index remains stronger as investors adopt a cautious stance ahead of the Federal Reserve’s interest rate decision.The focus is on Fed Chair Jerome Powell’s comments, particularly against the backdrop of rising tariff tensions.US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng this weekend.The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, is trading around 99.50 during European hours on Wednesday, rebounding after losing over 0.50% in the previous session.The Greenback is gaining strength as markets turn…

The Rupee opened about 14 paise weaker on Wednesday in the wake of India conducting “Operation Sindoor” to destroy terror infrastructure in Pakistan and fall in domestic equity markets.The Indian unit opened at 84.58 per US Dollar against previous close of 84.44. The USDINR pair tested a high/ low of 84.61/84.53 in intraday trades so far. It is currently trading at 84.5075 per USD.The RBI is believed to be ensuring that the Rupee stays competitive vis-a-vis the Chinese Yuan, which is showing a depreciating trend. Amit Pabari, MD, CR Forex Advisors, observed that the decisive move by India to carry…

USD/CAD rises as investors adopt a cautious stance ahead of the Fed interest rate decision.US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng in Geneva.Risk sentiment improved following a joint press conference between Canadian PM Mark Carney and US President Donald Trump.USD/CAD is recovering its losses registered in the previous session, trading around 1.3790 during the Asian hours on Wednesday. The US Dollar (USD) is gaining strength as investors adopt a cautious stance ahead of the Federal Reserve’s (Fed) interest rate decision due later in the North American session.While the Fed…

EUR/USD found mild technical support from 1.1300 on Tuesday.Wednesday’s key Fed rate call looms large ahead in the midweek.Fed expected to maintain rates, but markets hoping for Fedspeak pivot.EUR/USD muddled through Tuesday’s market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move. The Federal Reserve’s (Fed) midweek rate call is the key data event this week, keeping investor sentiment chained to its post for the time being.The Fed’s upcoming rate decision on Wednesday remains the primary focus for markets this week. While many expect the Fed to…

EUR/USD trades around the 1.1300 zone after modest gains in Tuesday’s post-European session.Bullish structure holds, though short-term indicators point to mixed momentum.Key support levels cluster just below, while trend-based indicators continue to favor buyers.The EUR/USD pair moved slightly higher on Tuesday, trading near the 1.1300 zone after the European session as buyers remained in control despite a lack of strong momentum. The pair sits mid-range within today’s movement and is holding above key trend indicators, maintaining a bullish posture even as intraday signals suggest temporary indecision.Technically, EUR/USD is flashing a bullish overall bias. The Moving Average Convergence Divergence currently prints…