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USD/JPY slips below 144.00 as policy divergence and fiscal concerns weigh on the Greenback.US President Donald Trump waits for the House of Representatives to approve his “Big Beautiful Bill”.Japan’s hawkish shift and potential rate increases lift demand for safe-haven Yen.The US Dollar (USD) continues to weaken against the Japanese Yen (JPY), as shifting economic conditions and central bank outlooks reshape expectations for both currencies. At the time of writing, the USD/JPY pair has broken below the key psychological level of 144.00, a former support level that now acts as resistance, highlighting the strengthening bearish sentiment surrounding the Greenback.One of the primary…

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.46% at 99.66 The rupee consolidated in a narrow range and settled for the day down by 1 paisa at 85.59 (provisional) against the US dollar on Wednesday, on dollar demand from importers and foreign banks as well as surge in crude oil prices.Forex traders said market sentiment soured under pressure from rising US Treasury yields and persistent foreign fund outflows. However, positive domestic markets and a weak US dollar index cushioned the downside.At the interbank foreign exchange, the domestic unit opened…

The Indian rupee closed nearly flat on Wednesday, trailing behind its Asian peers as the impact of a weaker U.S. dollar was blunted by strong demand for the greenback from foreign banks, likely on behalf of custodial clients. The rupee closed at 85.6375 per dollar, compared to its previous close at 85.6350. Other Asian currencies rose between 0.1% to 0.6% as the dollar index drooped to a two-week low before paring losses to last quote at 99.6.The dollar has been weighed down by concerns about U.S. fiscal policy and fading optimism about cooling of trade tensions, as investors await details…

European currencies in general are enjoying good momentum, with the Swiss franc and the Swedish krona on top of this week’s G10 scorecard, ING’s FX analyst Francesco Pesole notes.The next key level is 1.150″This is a testament to markets looking both for USD alternatives (CHF) and possibly playing some optimistic views on a Ukraine-Russia peace deal (SEK, NOK). The euro can draw benefits from both of these storylines, while the franc is at risk of a positioning-exacerbated correction should a truce in Ukraine be reached.””On the domestic side, there is still very little driving the euro for now. We have…

The USD/CAD price analysis indicates a lower likelihood of a BoC rate cut in June. Core inflation in Canada was hotter than expected. Fed policymakers maintained that the economic outlook was uncertain. The USD/CAD price analysis indicates a lower likelihood of a Bank of Canada rate cut in June, which is pushing the Canadian dollar higher. At the same time, the dollar was fragile after Fed policymakers maintained that the risk of stagflation in the US remained high after Trump’s policy changes.  –Are you interested in learning more about buying NFT tokens? Check our detailed guide- Data on Tuesday revealed…

The rupee depreciated 9 paise to 85.67 against the American currency in early trade on Wednesday, as market sentiment soured under pressure from rising US Treasury yields and persistent foreign fund outflows. Forex traders said global crude oil prices intensified the downside pressure on the USD/INR pair. At the interbank foreign exchange, the domestic unit opened at 85.65 and fell to 85.67 against the greenback, registering a loss of 9 paise over its previous close. On Tuesday, the rupee depreciated 16 paise to close at 85.58 against the US dollar. The rupee fell on Tuesday as oil companies bought dollars…

The United Kingdom’s Office for National Statistics will publish the April CPI data on Wednesday.Inflation, as measured by the CPI, is forecast to be much higher than in March.The GBP/USD pair trades near its 2025 high and aims to advance beyond it.The United Kingdom (UK) will release the Consumer Price Index (CPI) data for April on Wednesday at 06:00 GMT. The report, released by the Office for National Statistics (ONS), has a relevant impact on the Sterling Pound (GBP) amid its potential effect on future Bank of England (BoE) monetary policy decisions.Inflation, as measured by the CPI, is foreseen to…

EUR/USD rose on Tuesday, but remains capped by 1.1300.Despite a near-term recovery, the Euro remains down from recent highs against the Greenback.US PMI figures will be the key data release this week.EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle. Despite a near-term rise in bullish momentum bolstering the Fiber, EUR/USD remains well back from recent multi-year highs near 1.1575. The pair has found a firm technical floor from key moving averages, and overall market sentiment remains hopeful that traders will be able to keep finding reasons to…

The US Dollar Index dips again to possibly test the 100.00 marker.Traders are on the lookout for possible more wait-and-see stance from upcoming Fed members. The US Dollar Index stable for now, though a revisiting of 2022 lows could become possible.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading lower again after investors share their concerns with the reservations Moody’s made during its US credit downgrade. A Deutsche Bank poll found 80% of investors agree the U.S. is on an unsustainable debt path, echoing Moody’s recent statements. Over half expect…

Euro (EUR) is entering Tuesday’s NA session largely unchanged vs. the USD while trading with modest support over the past week or so, ignoring continued dovish messaging from key policymakers at the ECB, Scotiabank’s Chief FX Strategist Shaun Osborne notes. No momentum in either direction”Governing Council member Knot appears to be leaning toward a cut at the next meeting on June 5. The rates market is pricing nearly one full cut for the meeting and more than two cuts by the end of the year. For EUR/USD, the outlook for relative central bank policy is critical and medium-term EUR gains…