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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…
The same department that spent the morning telling the bond market it has roughly 950 billion Dollars available to hold long yields down will spend the afternoon announcing sanctions designed to tighten the oil chokepoint that drove those yields up. The Dow Jones Industrial Average trades near 53,400 on the first half of that arrangement, up more than 160 points and 0.3%, while the S&P 500 and the Nasdaq Composite both sit lower.The account that changes the arithmeticOn August 19 the Treasury doubled the ceiling on its long-end buyback operations to at least 4 billion Dollars a pass, and the…
Brown Brothers Harriman’s (BBH) Elias Haddad expects Australia’s July Consumer Price Index (CPI) to ease, with headline and trimmed mean inflation drifting lower, in line with softer labor conditions and wage growth. Reserve Bank of Australia (RBA) Minutes and Q2 capex will shape rate expectations, with futures still pricing a 60% chance of one more hike. Haddad sees risks skewed toward an extended pause, but highlights attractive carry and commodity exposure as AUD tailwinds.Inflation eases as RBA seen pausing”Australia CPI inflation seen easing in July (Wednesday). Headline CPI is expected at 3.3% y/y vs. 3.8% in June while trimmed mean…
The rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the US dollar on Monday, on a positive American currency and weak domestic markets.Forex traders said the USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new US sanctions targeting Iran weighed on investor sentiment.At the interbank foreign exchange, the rupee opened at 95.65, then touched an intraday high of 95.64 and a low of 95.75 and finally settled for the day at 95.74 (provisional) against the greenback, lower by 3 paise…
Danske Research Team highlights renewed geopolitical tension around Iran as Washington prepares tougher sanctions that could hit Oil flows from the Gulf. Brent is back near USD93/bbl after profit-taking on last week’s rally, with the bank stressing that fresh US measures and Iran’s threats of disrupted exports represent significant downside risks for global growth and commodity markets.Brent eases as Iran tensions rise”In commodities, Brent crude oil dropped to around USD93/bbl following a sharp weekly rally, as investors took profits ahead of an expected US announcement on tougher sanctions against Iran.””In geopolitics, tensions between the US and Iran remain a key…
The Indian Rupee (INR) inches higher against the US Dollar (USD) for the second consecutive day on Monday, positioning itself for a quiet start to the week. Strong capital inflows have supported the local currency, though traders remain attentive to fluctuating oil prices and potential Reserve Bank of India (RBI) interventions designed to maintain stability. Pressure on the Rupee temporarily eased alongside a dip in crude oil prices as investors took profits ahead of expected US announcements regarding stricter sanctions on Iran.However, crude oil prices threaten to rebound following a statement from US Treasury Secretary Scott Bessent regarding Washington’s plans…
A wavering dollar teetered near multi-month lows on Monday in a market unsettled by the U.S. Treasury’s promise to buy back more long bonds, while traders awaited details of sanctions on Iran and on policy speeches this week in the U.S. and Japan.The Canadian dollar slipped 0.2% in early trade, to C$1.3798 per dollar, after trade talks with the U.S. collapsed and Washington imposed 50% tariffs on Canadian goods, with Canada retaliating in kind.The Australian and New Zealand dollars traded just shy of three-month highs at $0.7171 and $0.5979 respectively.The euro was comfortably above $1.16 at $1.1685 while the yen…
The NZD/USD pair declines to around 0.5970 during the early Asian session on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) following New Zealand’s downbeat economic data. Traders will keep an eye on the US July Personal Consumption Expenditures (PCE) Price Index report later on Wednesday.Data released by the Statistics New Zealand on Monday showed that the country’s Retail Sales fell 0.5% QoQ in the second quarter (Q2) of 2026, versus 1.0% prior (revised from 0.9%). This figure came in worse than the market expectations of a 0.1% decline.Meanwhile, Retail Sales ex Autos increase 0.7% QoQ in…
The Aussie Dollar finished the week with gains of over 0.82% on Friday and up more than 1.20% for the week as the US Dollar tumbled following the US Treasury Department’s announcement of a bond buyback for the long end of the curve. The AUD/USD trades at 0.7170, after rebounding near 0.7067.AUD/USD Price Forecast: Technical OutlookAUD/USD price action indicates that the uptrend resumed after the pair reclaimed the 100-day Simple Moving Average (SMA) at 0.7969. In addition, a breakout above the June 4 daily high of 0.7149 opened the door for further gains.The Relative Strength Index (RSI) indicates bullish momentum.…
The USD/CHF advanced on Friday, registering a modest 0.07% gain, trading at 0.8010. During the week, the pair finished with losses of over 1.49%, triggered by a drop in US yields on Wednesday, as the US Treasury tries to cap elevated yields on the 30-year bond.USD/CHF Price Forecast: Technical OutlookUSD/CHF price action shows some “sort” of consolidation, capped by the 50- and 100-day Simple Moving Averages (SMAs) at 0.8086 and 0.7976. Momentum shifted downwards as seen in the Relative Strength Index (RSI). Even though price action could’ve opened the door for a “mean reversion” trade after the sudden drop, the RSI…