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The USD/CAD price analysis shows a drop in volatility after recent global trade developments. The risk of a recession might push the Fed to cut interest rates. Canada will release crucial inflation figures today. The USD/CAD price analysis shows a drop in volatility as calm returns to markets after recent global trade developments. The dollar paused its decline after Trump exempted some imports from the recent tariffs. Meanwhile, the Canadian dollar held near recent peaks as market participants awaited crucial inflation figures from Canada. -Are you interested in learning about the forex indicators? Click here for details- The turmoil and…
The USD/CAD forecast shows the loonie trading near a five-month high. Last week, the Canadian dollar gained over 2.4%. Market participants are pricing a 60% chance of a BoC pause. The USD/CAD forecast shows the loonie trading near a five-month high as traders anticipate a Bank of Canada pause. At the same time, a weak dollar supported the CAD. The greenback collapsed last week amid downbeat US inflation data. At the same time, investors lost confidence in the US administration, leading to a sell-off in US assets. -Are you interested in learning about the forex indicators? Click here for details-…
The Reserve Bank of India (RBI) announced two measures to support banking system liquidity on Friday via an open market operation (OMO) purchase of Rs 40,000 crore and a 43-day variable rate repo (VRR) operation worth Rs 1.5 lakh crore, which would reverse on May 30. Both these auctions will take place on April 17.These measures are likely done to take system liquidity to 1% of the net demand and time liabilities (NDTL) and offset the impact of GST outflows – typically around the 20th of each month.The RBI will also conduct two OMOs of Rs 20,000 each on April…
The rupee closed stronger at 86.04/$1 as the US tariffs stirred up volatility in global markets, weakening the dollar index to 99.6 on Friday. Dollar demand from importers added to slight weakness in the rupee, which had closed at 86.68 per dollar the previous day.Weakening sentiment of the dollar helped gains in the rupee, but nervousness related to tariffs is widespread in the markets, traders said. The dollar index touched a three-week low amid fear of an upcoming recession in the US, according to Reuters.“There is nervousness in the market about how things will pan out in terms of tariffs.…
The dollar weakened against major currencies on Friday as the back-and-forth over tariffs shook investor confidence in the greenback as a safe haven, sending it to its lowest in a decade against the Swiss franc and a three-year low versus the euro. China increased its tariffs on U.S. imports to 125% from 84% on Friday, retaliating against U.S. President Donald Trump’s decision to hike duties on Chinese goods to a total of 145% after pausing his latest tariff hikes on most countries. That added to a global selloff that has battered stocks and even once safe-haven U.S. Treasuries – 10-year…
The dollar slumped against major currencies Thursday and oil prices plunged on renewed concerns over US President Donald Trump’s tariffs despite his surprise decision to pause some of the new levies.The US currency slumped two percent against the euro and hit a decade low against the safe-haven Swiss franc, while Brent North Sea crude and the main US oil contract WTI tumbled more than five percent on fears the tariffs could spark a trade war that hits economies worldwide.Dollar hits lowest since January 2015 vs Swiss franc, last down 3.31% at 0.8290 franc.The euro rose 2.27% to 1.11988 against the…
The USD/CAD forecast shows a brighter outlook for the global economy. Trump temporarily lowered reciprocal tariffs on most countries. Market participants are also looking forward to the US consumer inflation report. The USD/CAD forecast shows a brighter outlook for the global economy after Trump paused some reciprocal tariffs. At the same time, Canada and Japan have agreed to cooperate with the Trump administration to maintain calm in the financial markets. As a result, the loonie rebounded sharply. However, the trade war between the US and China rages on, keeping a lid on risk appetite. –Are you interested to learn more…
The U.S. dollar rebounded against safe-haven currencies including the yen and Swiss franc after President Donald Trump announced a 90-day pause on many new tariffs on trading partners but hiked duties on Chinese goods, escalating a confrontation.The dollar climbed 0.50% to 0.85160 against the Swiss franc and strengthened 0.22% to 146.665 against the yen. Trump said on Wednesday he had authorized a 90-day pause in “reciprocal” 10% tariffs but was also raising the tariff rate for China to 125%, effective immediately.The dollar had been weakening against its peers earlier in the session after Trump’s “reciprocal” tariffs on dozens of countries…
The Indian rupee weakened to 86.68 per dollar on Wednesday, down 42 paisa from its previous close amid worries of a growth slowdown in the backdrop of a tariff war, traders said. The 25 basis point rate cut delivered by the Reserve Bank of India added pressure on the rupee.The rupee hit a three week low at 86.71/$1 during the session, and was down 0.5% in the day. The rupee closed at 86.23/$1 on Tuesday, LSEG data showed.Traders expect rupee to continue to be under pressure and “gradual depreciation in foreign exchange might also act as a part shock absorber…
The USD/JPY price analysis shows escalating trade tensions between China and the US. Trump has threatened to impose another 50% tariff on Chinese goods. The BoJ might pause to assess incoming data. The USD/JPY price analysis shows escalating trade tensions between China and the US that is sending traders to the safe-haven yen. Meanwhile, the dollar collapsed on Wednesday as analysts increased the likelihood of a US recession. –Are you interested to learn more about South African forex brokers? Check our detailed guide- The turmoil from last week returned to the markets on Wednesday due to a growing conflict between…