Author: admin

An man trying hard to push the Rupee coin uphill | Photo Credit: AJIJCHAN The rupee depreciated 22 paise to 85.67 against the US dollar in early trade on Thursday, weighed down by negative domestic equities amid significant geopolitical escalation that has injected fresh uncertainty into the regional risk perception.Forex traders said heightened geopolitical tensions, following a terror attack in Pahalgam, Jammu & Kashmir weighed on market sentiment.On the global front, the US dollar index surged from its recent low of 97.92 to 99.94, marking a notable comeback driven by optimism around a potential de-escalation in US-China trade tensions, they…

The greenback has declined this year amid worries the Trump administration’s policies may cause a recession in the US | Photo Credit: Dado Ruvic Foreign exchange traders are battling to hold onto their bearish dollar positions after the currency’s two-day rally. While Bloomberg’s gauge of the dollar fell to the lowest level since 2023 on Monday, it then rose 1% over the two days through Wednesday, pressuring bets on a weaker greenback. “A healthy amount of the more tactical positioning has been cleaned out,” said Jerry Minier, co-head of G-10 FX trading at Barclays Plc in London. By Tuesday and Wednesday, market…

The Indian rupee logged its steepest fall in two weeks, pressured by a recovery in the U.S. dollar index and as traders unwound long positions on the local unit after it failed to climb above a key level. The rupee ended 0.3% down at 85.42, against 85.1875 at previous close. The Indian currency struggled to rise above 85 per dollar this week, which led “rupee bulls” to close their long-term positions on the rupee, two traders said.Some traders also cited the attack in India’s Jammu & Kashmir territory as a factor underpinning the dollar/rupee. Most Asian currencies declined following the…

Rupee depreciated 15 paise to 85.34 against the US dollar in early trade on Wednesday, after the American currency recovered supported by Donald Trump’s softened stance — particularly towards the Federal Reserve and against China. Forex traders said the market found support after Trump on Tuesday backed off from threats to fire FED Chair Jerome Powell after days of intensifying criticism against him for not cutting rates. Trump also signalled the possibility of lower tariffs against China. The dollar index rose to 99.28, while the US 10-year bond yield was slightly lower at 4.34 per cent. All three US indices…

The USD/JPY price analysis shows a relief rally in the dollar. Trump told reporters he had no intention of removing Powell from office.  Market participants are expecting business activity data from the US. The USD/JPY price analysis shows a relief rally in the dollar after Trump paused his attacks on the Fed. Meanwhile, market participants are awaiting US business activity data for further clues on future Fed policy moves. -Are you interested in learning about the forex indicators? Click here for details- The USD/JPY pair rose on Tuesday after Trump told reporters he had no intention of removing Powell from…

The rupee consolidated in a narrow-range and settled for the day lower by 8 paise at 85.23 (provisional) against the US dollar on Tuesday, as the support from positive domestic equities was negated by dollar short-covering by investors. Forex traders said foreign fund inflows supported the domestic unit. However, a recovery in crude oil prices dented investor sentiment. Moreover, concerns persisted over economic headwinds from tariffs and US monetary policy that could dampen demand. At the interbank foreign exchange, the domestic unit opened at 85.11 and moved between the intra-day high of 85.07 and the low of 85.23 against the…

 Traders cited bids from importers and state-run banks as capping gains, with speculation that the RBI may be buying dollars to rebuild forex reserves, now at a near five-month high of $677.8 billion. | Photo Credit: The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with investor confidence in U.S. assets dented by President Donald Trump’s criticism of the Federal Reserve chief.The rupee closed at 85.1275 against the U.S. dollar, up 0.3% on the day. The local unit touched an over two-week high of 85.0450 against the dollar earlier in the day, before…

The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with investor confidence in U.S. assets dented by President Donald Trump’s criticism of the Federal Reserve chief. The rupee closed at 85.1275 against the U.S. dollar, up 0.3% on the day. The local unit touched an over two-week high of 85.0450 against the dollar earlier in the day, before paring gains. Asian currencies rallied as well, with the Thai baht and Malaysian ringgit leading gains with a near 1% rise each. The dollar index dropped 0.8% to an over 3-year low of 97.9.Criticism of…

The rupee opened about 22 paise stronger on Monday on the back of a weak Dollar and continued FPI investments in the domestic equity markets, which is on an uptrend. The Indian unit opened at 85.15 per US Dollar (USD) against previous close of 85.3675. It is currently trading at about 85.10.The rupee had clocked its best week in a month last week, aided by Dollar’s weakness and investment inflows into domestic equity markets from foreign portfolio investors. It ended last week (on Thursday) about 68 paise stronger.Facing headwinds Amit Pabari, MD, CR Forex Advisors, noted that the dollar has…

The USD/JPY forecast indicates weaker investor confidence in the US economy. The Trump administration hinted at plans to fire Fed Chair Jerome Powell. Data last week revealed stronger-than-expected sales in the US. The USD/JPY forecast indicates weaker investor confidence in the US economy following Trump’s comments, threatening the Fed’s independence. As a result, market participants are dumping the dollar and buying the safer yen.  -Are you interested in learning about the forex indicators? Click here for details- On Friday, the Trump administration hinted at plans to fire Fed Chair Jerome Powell, causing panic among traders. Since he came into office,…