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The Mexican Peso (MXN) edges slightly lower against the US Dollar (USD) on Wednesday, with the USD/MXN pair trading at 18.41 at the time of writing, up 0.3% on the day. However, the pair stabilizes near recent lows as the Mexican currency remains supported by the appeal of the interest rate differential, despite markets now preparing for further monetary easing by the Bank of Mexico (Banxico).At 19:00 GMT on Thursday, the Banxico is widely expected to cut its key interest rate by 25 basis points to 7.50%.For Forex investors, the meeting represents a key moment. The balance between sluggish growth,…

Gold pauses its record-breaking run after setting a fresh all-time high at $3,791.Fed’s cautious stance and a firmer US Dollar cap upside, while geopolitical tension and rate-cut expectations cushion downside.Market focus shifts to upcoming US data and Fed commentary, with PCE inflation on Friday in the spotlight.Gold (XAU/USD) is treading water on Wednesday, pausing its record-breaking run after peaking at $3,791 on the previous day. At the time of writing, XAU/USD is trading near $3,766 after briefly dipping toward $3,750 earlier in the Asian session, as traders weigh the Federal Reserve’s (Fed) cautious stance on the path of monetary policy…

The rupee recovered 2 paise from its all-time closing low to settle at 88.71 (provisional) against the US dollar on Wednesday, as steep tariffs and H-1B visa related issues kept the domestic unit under pressure. Forex traders said rupee is hovering near its all-time low level on sustained foreign fund outflows amid investors’ risk-aversion and trade policy uncertainty. Moreover, enhanced US tariffs on Indian goods as well as trade policy uncertainty exacerbated the rupee’s depreciation. At the interbank foreign exchange, the rupee opened at 88.80 against the US dollar, and finally settled for the day at 88.71 (provisional), registering a…

The Reserve Bank on Wednesday said it has signed a renewed statement of commitment to the FX Global Code.The code is a set of global principles of good practice in the FX market developed to provide a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market.It was developed by a partnership between central banks and market participants from around the globe and was first published in 2017.The Reserve Bank of India (RBI) has reviewed the content of the FX Global Code and acknowledges that it represents a set of principles generally recognised…

Currency markets are full of paradoxes. Just when patterns appear, reality flips the chart. Today’s divergence between the U.S. Dollar Index (DXY) and USD/INR is exactly that kind of moment — curious, unusual, and loaded with clues for what may come next.The rupee has slipped to around Rs 88.45 even as the DXY has eased to 96–97, nearly 15 points below its 2025 peak. Meanwhile, emerging market peers like the Mexican peso and Brazilian real are not only holding steady but appreciating. That leaves India standing out as the outlier — and that’s where the story gets interesting. ETMarkets.comWhy the…

USD/CHF consolidates around 0.7920 as the US Dollar trades calmly after Fed Powell’s speech.Fed Powell signals caution on reducing interest rates further.The SNB is expected to hold interest rates at zero level on Thursday.The USD/CHF pair trades broadly calm around 0.7920 during the late Asian session on Tuesday. The Swiss Franc pair consolidates as the US Dollar (USD) wobbles after Federal Reserve (Fed) Chair Jerome Powell signaled caution on interest rate cuts amid growing risks to the dual mandate.During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades stably around 97.35.On…

The rupee depreciated 7 paise from its all-time closing low to 88.80 against US dollar in early trade on Wednesday dragged down by tariff and H-1B visa issues amid persistent foreign fund outflows. Forex traders said rupee is hovering near its all-time low level as enhanced US tariffs on Indian goods as well as US H-1B visa fee hike dented investor sentiments. Moreover, investors’ risk-aversion and trade policy uncertainty has also exacerbated the rupee’s depreciation.At the interbank foreign exchange, the rupee opened at 88.80, registering a decline of 7 paise over its previous close. In initial trade the rupee also…

EUR/USD softens to near 1.1800 in Wednesday’s Asian session. Fed’s Powell renewed caution on inflation risk. France’s S&P Global PMI is experiencing its most severe contraction in five months. The EUR/USD pair edges lower to around 1.1800, snapping the two-day winning streak during the Asian trading hours on Wednesday. The downtick of the major pair is pressured by a rebound in the US Dollar (USD) after the Federal Reserve (Fed) Chair Jerome Powell’s speech. The German IFO survey will be the highlight later on Wednesday.Fed Chair Jerome Powell struck a cautious tone on further easing on Tuesday, which provide some support to the…

Gold price flat lines around $3,760 in Wednesday’s early Asian session.Traders still expect Fed rate cuts in October and December after Fed cut rates by 25 bps earlier this month.The US PCE inflation report for August will take center stage later on Friday. The Gold price (XAU/USD) holds steady near $3,760 after retreating from an all-time high of $3,791 during the early Asian session on Wednesday. Rising expectations of further US rate cuts and safe-haven flows provide some support to the precious metal.The US Federal Reserve (Fed) Chair Jerome Powell said on Tuesday that the central bank faces a “challenging situation” with…

The Indian currency (INR) plunged about 45 paise to close at 88.7550 per US dollar (USD) against the previous close of 88.3075 The rupee declined to close at an all-time low on Tuesday as the steep tariffs on Indian goods entering the US and increase in fees for H-1B visa applicants continued to weigh on it. The Indian currency (INR) plunged about 45 paise to close at 88.7550 per US dollar (USD) against the previous close of 88.3075. The central bank is believed to have intervened at the 88.50 level to ensure that the slide is gradual, say forex dealers.…