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The rupee is expected to remain under pressure but may find support at lower levels. | Photo Credit: iStockphoto The rupee depreciated 21 paise to close at 85.63 (provisional) against the US dollar on Tuesday, on weak domestic markets and a bounce back in US treasury yields.Forex traders said the recent surge in the US 10-year yield reflects mounting concerns over fiscal and monetary policies, driving borrowing costs higher. Foreign fund outflows and positive crude oil prices also weighed on the rupee. However, the weak US dollar index cushioned the downside, they said. At the interbank foreign exchange, the domestic…

The Indian rupee weakened on Tuesday as dollar bids from foreign banks, likely on behalf of custodial clients, and a softer Chinese yuan outweighed positive cues from broad weakness in the greenback. The rupee closed at 85.6350 against the U.S. dollar, down about 0.3% on the day. Asian currencies were mixed on the day while the offshore Chinese yuan dipped lower after China cut key benchmark lending rates and corporate seasonal demand for dollars remained high.A fall in local equities also weighed on the rupee, with traders pointing to dollar demand from foreign banks, likely spurred by mild outflows from…

The USD/CAD price analysis shows strength in the Canadian dollar. Economists are predicting a 0.1% decrease in Canada’s inflation. Market participants are watching fiscal developments in the US. The USD/CAD price analysis shows strength in the Canadian dollar ahead of crucial inflation figures from Canada. Meanwhile, the dollar remained fragile after a credit rating downgrade for the US government. At the same time, market participants are on edge ahead of a vote on Trump’s tax cuts bill. –Are you interested in learning more about buying NFT tokens? Check our detailed guide- The loonie was strong on Tuesday as all eyes…

The Canadian inflation is expected to have lost further momentum in April.The headline Consumer Price Index is seen rising 1.6% from a year earlier.The Canadian Dollar seems to have moved into a consolidative phase.All eyes will be on Statistics Canada this Tuesday as it releases the April Consumer Price Index (CPI), a key inflation gauge that the Bank of Canada (BoC) closely tracks when setting interest rates.Headline inflation is expected to have eased sharply, with annual CPI forecast to fall 1.6% from 2.3% in March. On a monthly basis, however, inflation is projected to have picked up slightly, rising 0.5%…

The rupee depreciated 13 paise to 85.55 against the American currency in early trade on Tuesday, tracking a muted trend in domestic equities and foreign fund outflows.Forex traders said the recent surge in the US 10-year yield reflects mounting concerns over fiscal and monetary policies, driving borrowing costs higher and this has pushed the Dollar Index lower. Moreover, US Treasury Secretary Scott Bessent recently warned of potential sharp tariff increases on key US trading partners. Such a move could rattle markets, traders said. At the interbank foreign exchange, the domestic unit opened at 85.47 and fell to 85.55 against the…

The Reserve Bank of Australia (RBA) board members decided to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.85% from 4.1%, following the conclusion of its May monetary policy meeting.The decision was widely anticipated.Summary of the RBA monetary policy statementEscaltion of global trade conflict a key downside risk to economy.Global growth outlook downgraded, uncertainty has increased due to us tariff policies.Trims core domestic inflation forecasts, unemployment seen slightly higher.Lower inflation, higher unemployment forecasts based on market assumption of total 85 bps rate cuts.Swift easing in trade tensions could see faster global growth, less rate cuts domestically.Market services…

Brazil’s central bank does not see any realistic prospect of emerging nations in the BRICS group creating markets large enough to topple the U.S. dollar’s dominance within the next 10 years, monetary policy director Nilton David said on Monday.There is not a meaningful stock of BRICS-denominated assets that could offset the dollar at the moment, David told a central bank webcast. “I don’t think that will change over the coming decade,” he added.The director acknowledged that alternative settlement tools could gain traction and help boost bilateral trade deals, but nowhere near enough to dislodge the dollar in any visible horizon.The…

China on Monday accused the US of undermining the two countries’ preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC. According to a spokesperson for China’s Ministry of Commerce, the US Commerce Department’s advice is “discriminatory” and “market distorting,” prompting Beijing to “demand” that the administration “correct its mistakes.”Market reactionAt the time of writing, the AUD/USD pair is trading 0.06% lower on the day to trade at 0.6455.  US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on…

EUR/CHF trades near the 0.94 zone with minor gains on Monday.The pair maintains a neutral tone, with conflicting short-term and long-term signals.Key support is clustered below 0.9370, with resistance near 0.9400.The EUR/CHF pair is trading near the 0.94 zone on Monday, reflecting minor gains as the market stabilizes within its recent range. Despite the modest upside, the pair remains constrained by a broadly neutral technical outlook, with mixed signals across multiple timeframes. Short-term momentum is showing signs of a potential bullish tilt, though the broader context still suggests cautious trading.On the daily chart, the EUR/CHF pair presents a mixed technical…

The USD/JPY forecast shows further dollar weakness. US consumer sentiment came in at 50.8 compared to expectations of 53.1. Trump’s tariff threats caused some uncertainty in the market. The USD/JPY forecast shows further dollar weakness after a downgrade to the US government’s credit rating. At the same time, market participants were worried about progress on trade negotiations between the US and its trading partners.  –Are you interested in learning more about buying NFT tokens? Check our detailed guide- The dollar fell on Friday after data revealed weak consumer sentiment. According to the report, consumer sentiment came in at 50.8 compared…