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The Indian rupee weakened past the 86 per U.S. dollar mark on Monday to its lowest level in more than two weeks, weighed by corporate dollar demand and equity-related outflows, traders said, amid uncertainty over U.S. trade policies. The rupee closed at 86.9850 against the U.S. dollar, down 0.2% from its close at 85.80 on Friday. The currency hit a low of 86.0475 earlier in the day, its weakest level since June 25. Dollar demand from a large Indian conglomerate and other companies pressured the rupee alongside likely outflows from Indian equities, traders said.India’s benchmark equity indexes, the BSE Sensex…

The rupee fell 17 paise to 85.97 against the US dollar in early trade on Monday amid a strengthening greenback and FII outflows. Uncertainties over US trade tariffs further pressured the rupee, according to forex experts. At the interbank foreign exchange, the local unit opened 85.96 against the US dollar before slipping to 85.97, down 17 paise from its previous close. The rupee had closed at 85.80 against the US dollar on Friday. “As (US President Donald) Trump applies tariffs on various countries, India remains out of the tariffs band for now with negotiations still on to finalise the amount…

EUR/USD posts first weekly loss in three weeks, ending at 1.1688.Trump eyes blanket tariffs, including on EU and copper exports.Dollar marks strongest week since March amid broad risk-off tone.EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test key support levels as the Greenback posts its best week in four months. At the time of writing, the pair trades at 1.1688.A risk-off mood was triggered by US President Donald Trump, who remains focused in broadening tariffs to countries but also to commodities…

The Copper price remains firm as refining constraints pose a risk to the electronics industry.Copper trades at $5.50, still 10% above its level on Monday, as concerns about tariffs persist.Tariff-driven supply risks raise alarm across the construction sector.Copper futures are trading near $5.50 per pound on Friday, slipping from Tuesday’s high of $5.70 on the daily timeframe. Despite the modest decline, prices remain 10% higher than Monday’s close, underscoring persistent concerns over supply disruptions tied to incoming United States (US) trade tariffs.The 50% tariff on Copper imports, announced on Wednesday and set to take effect on August 1, is aimed…

losingThe Dow Jones fell back into the weekly red zone on Friday.President Trump has stepped up fresh tariff threats, targeting Canadian goods with new import fees.Investor sentiment remains hobbled in a constantly changing trade policy environment.The Dow Jones Industrial Average (DJIA) snapped a two-day recovery on Friday, testing below the 44,400 level once again as equities grapple with a new reality where trade tariffs exist in a quantum state, prone to popping in and out of existence at a moment’s notice. President Donald Trump has been busy this week, laying out a raft of new tariff threats against a slew…

USD/CHF capped by 20-day SMA and April trendline near 0.8000.RSI hints at building bullish momentum, though still below neutral.Bearish continuation may target July lows at 0.7919 and 0.7872.The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week.USD/CHF Price Forecast: Technical outlookThe USD/CHF downtrend is set to continue, so the rallies should be sold in the short term.  Alongside key resistance found at the 20-day SMA at 0.8037, lies a resistance trendline…

Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from his post as the head of the Fed.Fed head rumored to be out, but no solid sources existBill Pulte stated, “I’m encouraged by reports that Jerome Powell is considering resigning. I think this will be the right decision for America, and the economy will boom.”Pulte is an ardent Donald Trump supporter and believes that President Trump should have the authority to control the Fed’s…

In an interview with the Wall Street Journal, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned that ongoing trade policy at the hands of Trump’s constant tariff threats could hamper the ability of the Fed to deliver interest rate cuts that both the broader market and Donald Trump himself want to see.Key highlightsNew tariffs unveiled by Trump have further muddied the inflation outlook, making it more difficult for me to support the rate cuts that the president has pressed for.Over the past few months, after Trump paused the steep bilateral tariffs he proposed in April, anxiety about how…

The Canadian Dollar stumbled back on Friday as tariff fears remain.Canadian labor data overshot forecasts, bolstering the Loonie.Fresh tariff threats from Donald Trump have crimped CAD gains.The Canadian Dollar (CAD) tested lower ground against the US Dollar (USD) on Friday, shedding weight despite Canadian labor data figures outperforming median market forecasts by a sizeable margin, kicking back economic downturn concerns and forcing rate watchers to trim their bets of another Bank of Canada (BoC) rate cut at the next interest rate meeting.Adding further fuel to the risk-off fires that his administration started this week, US President Donald Trump has announced…

AUD/USD pauses below 0.6600 as bulls near the wedge resistance.The Australian Dollar benefits from the hawkish tilt of the RBA, while markets await clarity on when the Fed may begin cutting rates.AUD/USD remains in a strong short-term bull trend as prices weigh trade risks against yield differentials.The battle between the Australian Dollar (AUD) and the US Dollar (USD) persists on Friday, with bulls in the AUD/USD pair continuing to push for a break through the next major resistance level at 0.6600. This psychologically significant level has become a key battleground, holding both bulls and bears in check as price action…