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The Indian Rupee comes under renewed pressure as geopolitical tensions escalate between India and Pakistan.India’s announcement of neutralizing military threats along its northern and western borders has heightened risk aversion in domestic markets.The Reserve Bank of India is expected to step in, signaling its intent to curb excessive Rupee depreciation.The Indian Rupee (INR) loses ground against the US Dollar (USD), extending its losses for the fourth successive session on Friday. The USD/INR pair opened with a gap up following approximately 1% gain in the previous day. Traders will likely await India’s FX Reserves data later in the day.The INR faces…

The Rupee opened 9 paise weaker at 85.80 in the backdrop of the escalating war between India and Pakistan. The has been triggered by Pakistan-sponsored terrorists killing 26 tourists in Pahalgam, Kashmir, on April 22, 2025.The Rupee, which closed 88 paise down at 85.71 per US Dollar against previous close of 84.83, is currently trading at 85.8750 per US Dollar.Abhishek Goenka, Founder & CEO, IFA Global, said, “We expect the Rupee to trade in a 85.80-86.25 range with a weakening bias. While Rupee is likely to remain under pressure in the near term, the moment there is a sign of…

EUR/USD explored the low end once again on Thursday, testing 1.1200.Greenback market flows are on the high side after a pending US-UK trade deal announcement.The trade deal announcement has yet to be made official, but investors are hoping for further tariff walkbacks.EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK). Europe still appears to be on the outs with the…

USD/CHF extends gains as US Dollar benefits from positive trade deal headlines.US jobless claims drop to 228K, supporting broader USD strength.Technical indicators show key resistance at 0.9050 and support near 0.8900.The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment. US President Donald Trump announced a “major trade deal” with the United Kingdom (UK), though initial excitement cooled after reports indicated that a 10% tariff on UK goods would remain in place, limiting the potential economic boost from the agreement.The…

The Mexican Peso holds steady as markets digest stronger-than-expected inflation data and global risk sentiment improves. Traders shift their focus to Banxico’s May 15 rate decision after both headline and core inflation exceeded forecasts. USD/MXN consolidates in a narrow range near support, with upcoming trade and policy signals expected to drive the next move. The Mexican Peso (MXN) swings between mild gains and losses against the US Dollar (USD) on Thursday, as markets digest stronger-than-expected Mexican inflation data alongside a cautious Federal Reserve and anticipation over a new US–UK trade deal. At the time of writing, USD/MXN is down 0.16%,…

The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump’s tariffs weigh on global economic growth. The BoE’s Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a quarter point. Two members, Swati Dhingra and Alan Taylor, voted for a bigger half-point cut while Chief Economist Huw Pill and external member Catherine Mann wanted to keep interest rates on hold. The decision by the British central bank is its first since Trump announced wide-ranging tariffs on…

The rupee’s 1-month implied volatility, a gauge of future expectations, rose to an over two-year high of 6.3% | Photo Credit: FRANCIS MASCARENHAS The Indian rupee weakened sharply to log its steepest fall in more than two years on Thursday as the ongoing India-Pakistan conflict hurt the currency alongside the country’s bonds and equities.The rupee rose at the start of the session but weakened sharply after India said it had “neutralised” attempts by Pakistan to “engage” several military targets in its northern and western regions on Wednesday and early Thursday.Pakistan said it had shot down 25 Indian drones.India hit “terrorist…

The US Dollar Index turns positive amid Fed’s cautiousness. Geopolitical concerns keep the gains capped. US-China trade talks pose a temporary optimism. The US Dollar Index (DXY) hovers around the 100.00 area during the early European session on Thursday. The recent upside stems from the Fed’s cautious stance and wait-and-watch approach. Moreover, market participants are looking for coming up US-China trade negotiations. -Are you looking for forex robots? Check our detailed guide-  The Fed’s post-meeting statement on Wednesday admitted inflation and unemployment risk as Jerome Powell cautioned about tariffs disrupting global trade. According to CME FedWatch Tool, markets are pricing…

NZD/USD may initially find support near the 50-day EMA at 0.5830.The 14-day RSI remaining above the 50 level suggests a sustained bullish bias.A breakout above the nine-day EMA at 0.5946 could pave the way for the pair to re-enter the ascending channel.The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending channel pattern.Additionally, the NZD/SUD pair is positioned below the nine-day Exponential Moving Average (EMA), suggesting the short-term price momentum is weaker.…

The rupee gained 23 paise to 84.54 against the US dollar in early trade on Thursday, as the US Federal Reserve kept the federal fund rate steady.Forex traders said sustained foreign fund inflows and overall dollar weakness supported the local unit but geopolitical tensions continue to dent investor sentiments.At the interbank foreign exchange, the domestic unit opened at 84.61 and fell to an early low of 84.65 and a high of 84.54 against the greenback, registering a gain of 23 paise over its previous close.On Wednesday, the rupee depreciated 42 paise to close at 84.77 against the US dollar, as…