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The Indian rupee ended higher for a third straight session on Wednesday, as U.S. tariff concerns pressured the dollar and lifted safe havens like gold and the Swiss franc. The rupee closed at 85.6775 against the U.S. dollar, up 0.1% on the day. The local unit hit an intraday high of 85.52 earlier in the day before paring gains on corporate hedging demand, traders said.The dollar index slipped 0.5% to 99.6, with Asian currencies were mostly higher. Gold hit a record high, while the Swiss franc rose 0.5% versus the dollar. Worries about the economic impact of U.S. tariffs have…

The EUR/USD price analysis shows the euro rebounding after a brief pause. Market participants look forward to a likely European Central Bank rate cut on Thursday. The US will release its retail sales report. The EUR/USD price analysis shows the euro rebounding after a brief pause. The pause followed a strong rally as investors shifted from US to Eurozone assets amid economic uncertainty. However, after booking profits, traders are back for another rally.  -Are you interested in learning about the forex indicators? Click here for details- The euro gained last week as Trump’s wild tariff decisions plunged investor confidence in…

The Indian rupee rose on Tuesday, diverging from most Asian peers, aided by likely dollar inflows into local stocks, although traders said volatility is likely to persist until there is clarity on U.S. tariffs. The rupee closed at 85.7725 against the dollar, up 0.3%. The currency touched a peak of 85.59 before trimming gains in the face of importer hedging demand. India’s benchmark equity indexes, BSE Sensex and Nifty 50, ended higher by over 2% each.The indexes have erased all of their losses since the announcement of U.S. tariffs on April 2, outperforming their regional peers. There was a “lot…

The USD/CAD price analysis shows a drop in volatility after recent global trade developments. The risk of a recession might push the Fed to cut interest rates. Canada will release crucial inflation figures today. The USD/CAD price analysis shows a drop in volatility as calm returns to markets after recent global trade developments. The dollar paused its decline after Trump exempted some imports from the recent tariffs. Meanwhile, the Canadian dollar held near recent peaks as market participants awaited crucial inflation figures from Canada.  -Are you interested in learning about the forex indicators? Click here for details- The turmoil and…

The USD/CAD forecast shows the loonie trading near a five-month high. Last week, the Canadian dollar gained over 2.4%. Market participants are pricing a 60% chance of a BoC pause. The USD/CAD forecast shows the loonie trading near a five-month high as traders anticipate a Bank of Canada pause. At the same time, a weak dollar supported the CAD. The greenback collapsed last week amid downbeat US inflation data. At the same time, investors lost confidence in the US administration, leading to a sell-off in US assets.  -Are you interested in learning about the forex indicators? Click here for details-…

The Reserve Bank of India (RBI) announced two measures to support banking system liquidity on Friday via an open market operation (OMO) purchase of Rs 40,000 crore and a 43-day variable rate repo (VRR) operation worth Rs 1.5 lakh crore, which would reverse on May 30. Both these auctions will take place on April 17.These measures are likely done to take system liquidity to 1% of the net demand and time liabilities (NDTL) and offset the impact of GST outflows – typically around the 20th of each month.The RBI will also conduct two OMOs of Rs 20,000 each on April…

The rupee closed stronger at 86.04/$1 as the US tariffs stirred up volatility in global markets, weakening the dollar index to 99.6 on Friday. Dollar demand from importers added to slight weakness in the rupee, which had closed at 86.68 per dollar the previous day.Weakening sentiment of the dollar helped gains in the rupee, but nervousness related to tariffs is widespread in the markets, traders said. The dollar index touched a three-week low amid fear of an upcoming recession in the US, according to Reuters.“There is nervousness in the market about how things will pan out in terms of tariffs.…

The dollar weakened against major currencies on Friday as the back-and-forth over tariffs shook investor confidence in the greenback as a safe haven, sending it to its lowest in a decade against the Swiss franc and a three-year low versus the euro. China increased its tariffs on U.S. imports to 125% from 84% on Friday, retaliating against U.S. President Donald Trump’s decision to hike duties on Chinese goods to a total of 145% after pausing his latest tariff hikes on most countries. That added to a global selloff that has battered stocks and even once safe-haven U.S. Treasuries – 10-year…

The dollar slumped against major currencies Thursday and oil prices plunged on renewed concerns over US President Donald Trump’s tariffs despite his surprise decision to pause some of the new levies.The US currency slumped two percent against the euro and hit a decade low against the safe-haven Swiss franc, while Brent North Sea crude and the main US oil contract WTI tumbled more than five percent on fears the tariffs could spark a trade war that hits economies worldwide.Dollar hits lowest since January 2015 vs Swiss franc, last down 3.31% at 0.8290 franc.The euro rose 2.27% to 1.11988 against the…

The USD/CAD forecast shows a brighter outlook for the global economy. Trump temporarily lowered reciprocal tariffs on most countries. Market participants are also looking forward to the US consumer inflation report. The USD/CAD forecast shows a brighter outlook for the global economy after Trump paused some reciprocal tariffs. At the same time, Canada and Japan have agreed to cooperate with the Trump administration to maintain calm in the financial markets. As a result, the loonie rebounded sharply. However, the trade war between the US and China rages on, keeping a lid on risk appetite. –Are you interested to learn more…