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| Photo Credit: Andrii Sedykh The rupee gained one-fifth of a per cent on Tuesday and ended at 85.82 against the dollar. Thus, the local currency recouped the losses it made in the recent sessions, which were largely due to a recovery in the greenback.The recent surge  in the dollar began after the jobs data was released in the first week of this month. Subsequently, the series of tariff threats from Donald Trump is also aiding the dollar in gaining  on the back of risk aversion in the market.Not just the dollar, this also helped push the treasury yields up,…

The rupee appreciated 10 paise to close at 85.82 (provisional) against the US dollar tracking the weakness of the greenback in the overseas market and a decline in global crude oil prices. However, foreign fund outflows, along with uncertainties on the outcome of the ongoing India-US trade talks, capped sharper gains in the local unit, according to forex traders. An Indian commerce ministry team is in Washington for another round of talks on the proposed bilateral trade agreement (BTA). The four-day talks, which started on Monday, will conclude on Thursday. At the interbank foreign exchange, the rupee opened at 85.97…

The rupee was trading flat at 85.92 against the US dollar in early trade on Tuesday amid a weaker greenback against overseas currencies and a dip in global crude oil prices. However, FII outflows and continuing uncertainty over the outcome of the India-US trade talks prevented a rise in the domestic unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.97 against the greenback before inching up to 85.92 – the same level as its previous close. The rupee depreciated 12 paise to close at 85.92 against the US dollar on Monday. “The rupee fell…

President Donald Trump delivered another litany of comments on a range of comments on Monday. According to President Trump, trade negotiations are progressing nicely, and the oft-touted trade deals that are just around the corner continue to be nearly ready to be announced. Trump also noted that he speaks to Russian President Vladimir Putin “a lot”, and that Trump is demanding a peace resolution in Ukraine after campaigning on a plan to have the Ukraine invasion resolved within his first month of resuming office.Trump has suggested that he will impose 100% tariffs on Russia, as well as secondary sanctions on…

USD/JPY rises above 147.00 as investors look ahead to Tuesday’s US Consumer Price Index release.The US Dollar remains bid against the safe-haven Japanese Yen as yield differentials remain supportive of USD/JPY strength.USD/JPY momentum turns bullish as the RSI rises to 64.The Japanese Yen (JPY) remains on the back foot against the US Dollar (USD) on Monday as rate expectations and tariffs continue to drive sentiment.With USD/JPY price action heading toward the 148.00 psychological level at the time of writing, attention is shifting to the release of US Consumer Price Index (CPI) data on Tuesday For the Bank of Japan (BoJ), low…

Gold edges lower as the US Dollar rebounds ahead of Tuesday’s Consumer Price Index (CPI)Bullion bulls fail to gain traction above Fibonacci resistance, pushing price action back toward $3,350.XAU/USD remains vulnerable to US Dollar price action and risk sentiment. Gold (XAU/USD) is trading between $3,340 and $3,370 on Monday in response to news that the US may impose a 30% tariff on imports from the European Union (EU) and Mexico, effective August 1.The latest tariff threats on two of America’s largest trading partners have provided a tailwind for XAU/USD. At the time of writing, the Gold price is trading near $3,350…

EUR/USD recovers from over two-week lows as traders reassess Trump’s tariff threats.US President Trump threatens 30% tariffs on all EU imports starting August 1.EU Commission proposes a second tranche of countermeasures targeting €72 billion worth of US imports.The Euro (EUR) regains ground against the US Dollar (USD) on Monday, after hitting its lowest level in over two weeks earlier in the day, as traders reassess the impact of escalating trade tensions between the United States (US) and the European Union (EU).The EUR/USD pair came under pressure after US President Donald Trump threatened over the weekend to impose 30% tariffs on…

The US Dollar Index stalls as markets weigh Trump’s tariff threats and Fed independence.The US Dollar hinges on bank earnings and US economic data releases on Tuesday.Price action for the DXY remains under pressure with psychological resistance firming at 98.00.The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of major currencies, remains under pressure at the start of the week, trading below the 98.00 level on Monday.Fresh geopolitical risks have emerged after US President Donald Trump’s announcement of tariff threats against the European Union (EU) and Mexico over the weekend. At the same time,…

The USD/CAD outlook shows robust strength in Canada’s labor market. Sentiment has remained poor since Trump announced a 35% tariff on Canada. Economists believe US inflation accelerated in June due to Trump’s tariffs. The USD/CAD outlook shows robust strength in Canada’s labor market, supporting the loonie as a result. However, a potential 35% tariff on the country’s exports to the US have put a lid on gains. Meanwhile, market participants are looking forward to the pivotal US consumer inflation report due this week. –Are you interested in learning more about Forex robots? Check our detailed guide- Data on Friday revealed…

The rupee depreciated 22 paise and fell below 86 level to close at 86.02 (provisional) against the US dollar on Monday amid a rise in global crude oil prices and a strengthening greenback. Foreign fund outflows and delay in any breakthrough in the India-US trade deal further pressured the local unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 85.96 and traded in a narrow range of 85.92-86.05 before settling at 86.02 (provisional), down 22 paise from its previous close. The rupee depreciated 10 paise to close at 85.80 against the US dollar on…