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The rupee pared its initial losses and settled for the day higher by 22 paise at 85.36 against the US dollar on Friday, as likely intervention by the Reserve Bank of India helped contain excess depreciation of the rupee. Forex traders said the rupee opened on a weak note due to the armed conflict between India and Pakistan, however, RBI intervened to prevent major weakness. At the interbank foreign exchange, the domestic unit opened at 85.88 and moved between the intra-day high of 85.32 and the low of 85.88 against the greenback. The unit ended the session at 85.36, registering…

The USD/JPY outlook shows a loss of appeal for safe-haven currencies. China and the US finally agreed to pause the tariffs for 90 days. India and Pakistan agreed on a ceasefire. The USD/JPY outlook shows a loss of appeal for safe-haven currencies like the yen amid easing trade and geopolitical tensions. China and the US have agreed on a 90-day pause on tariffs. Meanwhile, India and Pakistan have agreed on a ceasefire, while Russia is finally ready to meet Ukraine. –Are you interested to learn more about MT5 brokers? Check our detailed guide- Over the weekend, top officials from China…

The USD/CAD forecast indicates a rapid de-escalation in global trade tensions. China has agreed to cut the US trade deficit. Data on Friday painted a mixed picture of Canada’s labor market. The USD/CAD forecast indicates a rapid de-escalation in trade tensions between China and the US that is supporting the dollar. Meanwhile, market participants are looking forward to US inflation figures for more clues on future Fed policy moves. –Are you interested to learn more about MT5 brokers? Check our detailed guide- The US and China finally met over the weekend after weeks of a stalemate. The two nations have…

USD/CAD climbs amid renewed trade optimism following encouraging progress in US-China trade talks.A joint statement confirmed the US will suspend 24 percentage points of tariffs on Chinese goods for an initial 90-day period.The CAD remains subdued as Canada’s unemployment rate rose more than expected in April.USD/CAD continues its upward momentum for the fourth consecutive session, trading around 1.3980 during European hours on Monday. The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is also on the rise, hovering near 101.60 at the time of writing.The US Dollar (USD) strengthened following a…

The US Dollar Index may retest the upper boundary of its ascending channel near 100.80.A decisive break above the 50 mark would be required to confirm a shift toward bullish momentum.The DXY may target immediate support at the nine-day EMA of 100.10.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.60 during the Asian hours on Monday.On the daily chart, technical analysis suggested a sustained bullish bias, with the index trading within an ascending channel. Additionally, the DXY…

US President Donald Trump announced Sunday that he will sign an executive order that would cut prescription drug and pharmaceutical prices “almost immediately, by 30% to 80%.”“I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%,” Trump wrote in a Truth Social. “I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”Market reactionAt the time of press, the US Dollar Index (DXY)…

The dollar index has been moving up gradually over the last three weeks. The index fell initially last week but then managed to recover well in the second half of the week. The US Federal Reserve meeting outcome largely turned out to be a non-event for the currency market. The Fed left the rates unchanged at 4.25-4.5 per cent. The central bank also insisted that it will not be in a rush to cut interest rates without evaluating the impact of tariffs. The US 10Yr Treasury Yield has risen back well after the Fed meeting outcome.The US Consumer Price Index…

AUD/NZD trades near the 1.0800 zone after modest gains in Friday’s session.Short-term indicators favor buyers, despite mixed longer-term signals.Key support levels hold below, while resistance aligns near recent highs.The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of the day’s range, suggesting that buyers maintain control despite some longer-term resistance levels. The immediate outlook is supported by rising short-term averages, though broader challenges remain.From a technical perspective, the pair is flashing a bullish overall…

USD/JPY trades near 145.00 after failing to hold gains above 146.20, pressured by a softer US Dollar and mixed US data.Japan’s March Overall Household Spending rose 2.10% y/y, beating expectations, while US stagflation risks linger as Fed officials warn of persistent inflation.Key technical levels include support at 144.82, 144.79, and 144.49, with resistance at 146.16, 146.31, and 148.30.USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day. The retreat reflects a broader softening in the US Dollar, which reversed sharply as investors reassessed the US-UK trade deal…

EUR/JPY trades around the 164.00 zone after a modest pullback in Friday’s session.Broader bias remains bullish, with supportive trend indicators offsetting mixed momentum signals.Key support levels sit just below, while resistance aligns near recent highs.The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains. Despite the minor dip, the broader outlook remains positive, supported by a cluster of rising moving averages that continue to provide a strong technical base. Short-term momentum is mixed, but the overall structure remains clearly bullish.Technically, the pair is flashing a bullish overall…