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The US Dollar Index edges lower, while the daily range gets tighter. Traders are digesting the spillover risk from the Taiwan Dollar surge on Monday.The US Dollar Index remains capped below 100.00, still stuck in a wait-and-see range.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is tilted to the downside, meanwhile remaining stuck in a very tight range on Tuesday. Market participants are assessing the recent sharp move in the Taiwan Dollar (TWD), which appreciated by more than 5% against the Greenback on Monday before retreating somewhat on Tuesday. Markets are…
Indian rupee symbol with business chart. 3d illustration istock photo for BL | Photo Credit: Rasi Bhadramani The rupee settled for the day 15 paise lower at 84.45 (provisional) against the US dollar on Tuesday, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows, while ongoing geopolitical tensions between India and Pakistan weighed on investor sentiments, keeping the rupee on edge. At the interbank foreign exchange, the domestic unit opened at 84.28 and moved between an intra-day…
The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline. The rupee closed at 84.4325 against the U.S. dollar, down 0.2% on the day. The offshore Chinese yuan retreated from a near six-month high hit on Monday on signs that the country’s central bank may be unwilling to allow rapid appreciation amid sharp rallies seen in other Asian currencies – most prominently, the Taiwanese dollar.The dollar index was down 0.1% at 99.7 while India’s benchmark equity indexes, the BSE Sensex and Nifty 50…
The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback rebounded last week after Trump said there was significant progress in trade talks. Business activity in the US services sector expanded further. The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback fell against its peers on Monday after Trump announced new film tariffs. Meanwhile, market participants were gearing up for the FOMC policy meeting. -Are you looking for forex robots? Check our detailed guide- On Sunday, Trump announced a 100% tariff on all films made outside the…
European Union (EU) Trade Commissioner Maros Sefcovic said on Tuesday that they have “proposed 0 for 0 tariffs on industrial goods.”Key takeawaysAccelerating trade talks with India among others.Another €170B US-exports may be impacted by tariffs.Ready to use all available tools in trade defence.Market reactionEUR/USD is building on its upbeat momentum following these comments and was last seen adding 0.27% on the day at 1.1344. Source
Silver price rose as US President Donald Trump’s latest tariff threat boosted demand for safe-haven assets.President Trump also plans to introduce pharmaceutical tariffs within the next two weeks.The Federal Reserve is widely expected to leave interest rates unchanged on Wednesday.Silver price (XAG/USD) extends its gains for the second successive session, trading around $33.10 per troy ounce during the Asian hours on Tuesday. The prices of the precious metals, including Silver, rose as President Donald Trump’s new tariff threat spurred demand for safe-haven assets.President Trump announced plans to direct the US Trade Representative and the Commerce Department to begin imposing a…
EUR/USD stuck to familiar territory near 1.1300 on Monday.A key Fed rate call looms ahead during the midweek market sessions.European data takes a back seat this week as investors focus on rate cut hopes.EUR/USD churned chart paper near the familiar 1.1300 handle to kick off a fresh trading week. The Fiber has been stuck in a choppy consolidation phase as Euro traders struggle to kick off a new push in either direction.European data remains limited this week: final Purchasing Managers Index (PMI) data due this week is unlikely to produce any surprises, and pan-European Retail Sales figures due early Wednesday…
EUR/USD trades near the 1.1300 zone after climbing modestly post-European session.Bullish structure remains supported despite mixed momentum signals.Upward-sloping trend indicators reinforce strength, with support levels holding below.The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s movement, reflecting a steady grind higher rather than an impulsive breakout. While some momentum indicators suggest consolidation, the broader trend remains clearly bullish, backed by firm alignment across key moving averages.Technically, EUR/USD continues to flash a bullish overall signal. The Relative Strength Index is neutral near 58, showing…
Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold.The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time of writing, as geopolitical risk surges. The Houthi attack that hit Ben Gurion airport this weekend and Israel’s promise to retaliate while preparing for a broad ground offensive in Gaza are elevating risks again in the region. Meanwhile, US President Donald Trump said that military action might…
The rupee surged 24 paise to 84.33 (provisional) against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities. Robust equity inflows — totalling ₹2,769.81 crore — reflect continued foreign investor interest in Indian assets, forex traders said, adding while capital inflows offer support, global uncertainties could cap gains. At the interbank foreign exchange, the domestic unit opened at 84.45 and moved between the intra-day high of 84.10 and the low of 84.47 against the greenback. The unit ended the session at 84.33 (provisional), registering a gain of 24…
