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The US Dollar (USD) extends its losing streak for the third trading day on Friday amid signs of de-escalation in the ongoing clash between the United States (US) and Iran.In the Asian session, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near 100.60, revisiting the three-week low. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD-0.22%-0.27%-0.57%-0.19%-0.31%-0.55%-0.40%EUR0.22%-0.05%-0.35%0.05%-0.12%-0.34%-0.18%GBP0.27%0.05%-0.33%0.08%-0.08%-0.28%-0.14%JPY0.57%0.35%0.33%0.40%0.27%0.01%0.17%CAD0.19%-0.05%-0.08%-0.40%-0.14%-0.37%-0.21%AUD0.31%0.12%0.08%-0.27%0.14%-0.24%-0.11%NZD0.55%0.34%0.28%-0.01%0.37%0.24%0.14%CHF0.40%0.18%0.14%-0.17%0.21%0.11%-0.14% The heat map shows percentage changes of major currencies against each other. The…

The battered yen languished near a 40-year low and was on track for a weekly loss on Friday, keeping traders wary of potential intervention from Japanese authorities as renewed Gulf hostilities loomed over markets. Overnight investors seemed to brush off flaring tensions in the U.S.-Iran war as oil fell and stocks rallied, though currencies were mostly rangebound. But the fracturing of a fragile ceasefire between the two parties has once again cast a cloud over the outlook for energy prices and global ‌inflation. “The specter of ⁠war still ⁠hangs over sentiment,” said Thierry Wizman, global FX and rates strategist at…

Mumbai: The Indian rupee appreciated modestly Thursday, deriving strength from dollar sales by state-run banks, and due to easing crude oil prices.The rupee closed at 95.39, 16 paise stronger from its previous close of 95.55 per dollar.The currency traded in the range of 95.27 and 95.58 per dollar and the RBI likely intervened in both the offshore and onshore markets through state-run lenders, traders said.”The level of 95.10 to 95.20 is an important support zone now. A sustained move below it could strengthen the rupee further, while a break above 95.70 may reopen the path towards 96.00, especially if crude…

A US official signaled that it is still committed to the memorandum of understanding with Iran, even though US President Donald Trump’s declared earlier this week that the framework deal to end the Iran war was “over” after Tehran carried out strikes against vessels in the Strait of Hormuz and against neighboring countries, the Times of Israel reported on Thursday.“The United States is still committed to finding a resolution, and technical talks continue,” said the White House.The statement acknowledges Trump’s comments against the MOU but signals that the US is still prepared to adhere to its terms so long as…

The Dow Jones Industrial Average (DJIA) trades near 52,484 on Thursday, higher by roughly 0.28% and recovering only a modest slice of Wednesday’s rout of more than one percent, after President Donald Trump said Iran had called to make a deal. The bounce is real; the conviction underneath it is rented. The index sits some 470 points below Wednesday’s early peak and roughly 850 beneath the record printed at the start of the week, and buyers have needed two sessions of dip defence just to stabilize the tape, with the afternoon push only now grinding back toward the top of…

RaboResearch Global Economics & Markets discusses how Euro sentiment has cooled after optimism around Germany’s debt brake, with political risks and structural headwinds weighing on the currency. The bank notes EUR/USD is already priced for another ECB hike and expects sideways trading near current levels in the coming months, with only a modest upward bias further out.Euro sentiment cools after 2025 surge”While higher short-term interest rates are currency supportive, the market is already fully priced for another ECB rate hike this year, suggesting that one more policy move is unlikely to offer much support for the EUR. On balance, we…

At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the US dollar and later traded in the range of 95.58 to 95.28 during the day. The rupee appreciated by 7 paise to settle at 95.41 (provisional) against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in the global markets.A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis.At the interbank foreign exchange market, the rupee opened…

The Euro (EUR) posts moderate gains against the US Dollar (USD) on Thursday, hitting session highs near 1.1440, yet trapped within the weekly range, with the broader bearish trend in play. A softer US Dollar is providing some support to the Euro, but rising geopolitical tensions and the rebound in Oil prices keep weighing on the common currency.Data from Germany released earlier on Thursday revealed that the Trade Balance surplus increased beyond expectations in May, totalling EUR 19.1 billion, from the 14.5 billion surplus seen in April, with exports growing and imports contracting against expectations. The Euro received a minor…

The rupee fell 4 paise to 95.52 against the US dollar in early trade on Thursday, weighed down by surging crude oil prices after fresh tensions in West Asia rattled sentiments worldwide, raising fears of uncertainties over global trade.According to analysts, oil prices soared to their highest point in weeks after President Donald Trump announced an end to the ceasefire with Iran in response to Iranian attacks on commercial ships in the Strait of Hormuz and on American military sites in other Gulf nations.However, positive sentiment in domestic equity markets supported the Indian currency, they said.At the interbank foreign exchange…

USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session.The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East…