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Rabobank’s Senior FX Strategist Jane Foley discusses the British Pound’s (GBP) recent performance, noting it is currently the top G10 currency on a 1‑day view but only middling over longer horizons. Foley expects EUR/GBP to trade in a range over the coming weeks, with a mild upside bias later in the year as fiscal realism and reduced BoE rate hike risk weigh on Sterling.Sterling resilience and fiscal constraints”The pound is sitting pretty this morning as the top performing G10 currency on a 1-day view, though its performance in most other time frames can be better described as ‘middling’.””There have been…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 98.96, lower by 0.04% | Photo Credit: spawns The rupee pared initial losses and settled for the day higher by 24 paise at 95.46 (provisional) against the US dollar on Tuesday, driven by positive domestic markets, a weaker greenback, and a fall in crude oil prices.Forex traders said the overall weakness in the US dollar on declining odds of a rate hike may support the rupee at lower levels.The USD/INR pair remained largely range-bound around 95.50–96.00, with oil prices and Reserve Bank of…
EUR/CAD extends its gains for the second consecutive day, trading around 1.6160 during the European hours on Tuesday. The currency cross remains stronger as the Euro (EUR) holds gains following the release of the German IFO business sentiment index data.The Business Climate Index improved in August, rising to 88.8 from a revised 86.7 in July, outpacing market estimates of 87.2. Sub-indexes also demonstrated strength: the Current Assessment Index rose to 88.5, beating expectations of 87.0 and the prior 86.5 reading, while the Expectations Index jumped to 89.1, comfortably topping both July’s revised 86.8 figure and the forecast of 87.5.Euro strength…
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.04, higher by 0.04 per cent on safe-haven demand following the US escalation of sanctions on Iran, although the dollar remains under pressure from expectations around Treasury bond buybacks. | Photo Credit: istock.com The rupee traded in a narrow range and fell 4 paise to 95.74 against the American currency in early trade on Tuesday, as elevated crude prices and importer dollar demand weighed on the currency.Forex traders said the RBI’s continued intervention through state-run banks helped prevent a sharper decline, keeping USD/INR…
EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias.The EUR/JPY cross is maintaining a bullish near-term tone as it holds above both the nine-day and 50-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) at 59.45 stays in positive territory, suggesting firm but not overstretched upside momentum.The EUR/JPY cross may explore the upper boundary of the ascending channel around 187.70, followed by the all-time high of 187.95 set on April…
Persistent central bank interventions have helped make the rupee among Asia’s quietest currencies over the last two weeks, anchoring it a under 30 paisa range between 95.45 and 95.75. | Photo Credit: Harikumar J S 10721 The Indian rupee is poised for another subdued trading session on Tuesday with traders expecting the central bank to lean against pressure on the currency, while a modest pickup in portfolio inflows is also expected to offer support.Sustained hedging demand from local corporates and intermittent maturities of derivative contracts are among the pressures the rupee continues to contend with alongside persistently elevated oil prices.The…
The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as investors parsed Washington’s expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields.The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1% stronger at $1.3639, near its six-month peak.U.S. Treasury Secretary Scott Bessent unveiled an expansion of sanctions against Iran on Monday, and warned countries to cut business ties to Iran or risk being forced out of the dollar-based financial system.”That potentially is one source of a slight reversal of the dollar weakness…
The Australian Dollar began the week on a lower note, trading with a 0.28% loss against the Greenback as risk appetite soured after the US Department of the Treasury imposed sanctions on Iran-linked entities. At the time of writing, the pair trades at 0.7159AUD/USD weakens as Iran sanctions dent sentiment before inflation dataWall Street ended Monday’s session in the red, while US Treasury Secretary Scott Bessent embarked on a mission to cut off Iran from the global economy. Aside from this, data in the US revealed that the Chicago Fed’s National Activity Index dipped to -0.08 from 0.06 in July,…
New Delhi Singapore-based CapitaLand India Trust (CLINT) is in the process of converting outstanding debt held in Singapore dollars to rupees since INR has depreciated quite a lot in the past 12-18 months, a senior executive said.As of June 2026, CLINT had approximately S$1.7 billion (roughly ₹8,820 crore) of borrowings. As of June, CLINT’s assets under management stood at S$3.5 billion. Source
India has mobilised total foreign exchange inflows of $73 billion in less than 11 weeks, in the largest and fastest-ever foreign-currency mobilisation exercises undertaken globally.The finance ministry said, in a statement, that by securing large-scale, long-term non-resident deposits and commercial institutional funding entirely on tap, the government has fortified its external buffers with maximum cost-efficiency.ALSO READ | Full flow FCNR deposits could hit $100 billion, beat estimates”This has comfortably surpassed the scale and pace of the RBI’s 2013 FCNR(B) swap scheme, which had raised about $26 billion over roughly three months,” the ministry said, adding with still another week left…