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The rupee appreciated 42 paise to 85.34 against the US dollar in early trade on Tuesday, as the American unit plunged to a multi-month low and a positive trend in domestic equities boosted sentiments. Forex traders said the US dollar index weakened in the overseas market as President Donald Trump’s growing influence on Federal Reserve policy revived fears over the central bank’s independence. Moreover, brent crude prices remained subdued, offering a buffer to India’s import bill and helping cool inflation. At the interbank foreign exchange, the domestic unit opened at 85.66 against the greenback. In initial trade, it witnessed a…

India’s central bank lowered short dollar positions in the derivatives market for a third successive month in a rejig of its intervention strategy under new chief Sanjay Malhotra.The net book was $65.2 billion short in the forwards market as of May, Bloomberg calculations from RBI data showed. This compares with $72.6 billion as of end-April and a record of $88.8 billion in February.The Reserve Bank of India has been extending the maturity of its forwards book to the above three-month segment. Bulk of the dollar repayments due stood in the three-month to one-year bucket at $30 billion. The higher than…

The US dollar dropped over 10% in the first half of 2025 — its worst H1 performance since 1973 — as global investors weigh the impact of President Donald Trump’s economic policies and remain uncertain about holding exposure to the world’s dominant currency.The dollar index (DXY) which measures the strength of greenback against six major currencies including euro, Swiss franc, Japanese yen and British pound is hovering near the 97 mark. In 2025, so far it has declined by 10.4%. From a 52-week peak of 110, the fall has been to the tune of 13%. A Financial Times report said…

The US Dollar (USD) continues to slide, posting its worst first-semester performance in nearly forty years, according to Bloomberg data. Source

Annual inflation in Germany declined to 2% in June from 2.1% in May. EUR/USD stays in daily range slightly above 1.1700. Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2% in June from 2.1% in May, Destatis’ flash estimate showed on Monday. On a monthly basis, the CPI remained unchanged, compared to the market expectation for an increase of 0.2%. The Harmonized Index of Consumer Prices in Germany, the European Central Bank’s preferred gauge of inflation, declined to 2% on a yearly basis after rising 2.1% in May. This reading came…

Gold price moves toward $3,300 but US equity strength caps gains.Fiscal concerns loom as Trump’s Big Beautiful Tax Bill comes into focus ahead of the July 4 deadline.XAU/USD looks ahead to Thursday’s Nonfarm Payroll (NFP) report for signs of when the Fed may cut rates.Gold (XAU/USD) continues to trade below $3,300 at the time as markets brace for heightened volatility ahead of Friday’s US Independence Day holiday.Political developments in the United States have taken center stage, with President Donald Trump’s administration accelerating efforts to pass the “One Big Beautiful Bill” by his self-imposed July 4 deadline. The legislation, which narrowly…

The rupee pared initial gains and settled for the day in the negative territory, down 23 paise at 85.73 (provisional) against the US dollar on Monday, on weak domestic equities and a bounce back in crude oil prices. Forex traders said the rupee opened in the positive on improved global risk sentiments, however, a negative trend in domestic equities dented investor sentiments and dragged down the local unit. At the interbank foreign exchange, the rupee opened at 85.48 against the US dollar and witnessed an intra-day high of 85.44 and low of 85.77 before settling at 85.73 (provisional), down 23…

The USD/CAD forecast indicates a sharp pullback from Friday’s peaks. The pair dropped last week as Trump renewed his attacks on the Fed. US data revealed that inflation rose by 0.2% compared to estimates of 0.1%. The USD/CAD forecast suggests a sharp pullback from Friday’s peaks as focus shifts back to US monetary policy. Initially, the Canadian dollar collapsed after downbeat GDP data, sending USD/CAD higher. However, it pulled back sharply after upbeat US inflation figures eased expectations for a Fed rate cut.  –Are you interested in learning more about MT5 brokers? Check our detailed guide- The pair dropped last…

Retail Sales in Germany rose 1.6% over the year in May.EUR/USD defends bids above 1.1700 following the downbeat data.Retail Sales in Germany unexpectedly dropped 1.6% month-over-month (MoM) in May, following the revised 0.6% decline reported in April, according to official data released by Destatis on Monday.The market forecast was for a 0.5% increase.On an annual basis, Retail Sales rose 1.6% in May vs. April’s 2.9% revision.Market reactionThese data has limited impact on the Euro (EUR). At the press time, EUR/USD is trading 0.04% higher on the day at 1.1725. Euro PRICE Today The table below shows the percentage change of Euro (EUR) against listed major…

The Indian Rupee weakens ahead of economic figures from India due on Monday.Indian equities lose ground due to profit-booking after the indices hit eight-month highs on Friday.The US Dollar may struggle as traders expect that the Fed will cut interest rates in September.The Indian Rupee (INR) loses ground against the US Dollar (USD) on Monday after registering gains in the previous two sessions. The NIFTY 50 trades around 25,550, declined by 0.33%, while the BSE SENSEX trades around 83,770, down by 0.34%, at the time of writing. Indian equities erase solid gains from the previous session, as traders engaged in…