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The Indian rupee weakened on Wednesday to log its worst single-day decline in a month as worries over an escalation in geopolitical conflict between India and Pakistan hit sentiment alongside a fall in Asian peers. India said it had struck nine Pakistani “terrorist infrastructure” sites, some of them linked to an attack by militants on tourists that killed 26 people in Indian Kashmir last month. Pakistan said it had shot down five Indian fighter jets in the worst fighting in more than two decades between the nuclear-armed neighbors.The Indian rupee closed lower by nearly 0.5% at 84.8250 against the U.S.…

The US Dollar Index remains stronger as investors adopt a cautious stance ahead of the Federal Reserve’s interest rate decision.The focus is on Fed Chair Jerome Powell’s comments, particularly against the backdrop of rising tariff tensions.US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng this weekend.The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, is trading around 99.50 during European hours on Wednesday, rebounding after losing over 0.50% in the previous session.The Greenback is gaining strength as markets turn…

The Rupee opened about 14 paise weaker on Wednesday in the wake of India conducting “Operation Sindoor” to destroy terror infrastructure in Pakistan and fall in domestic equity markets.The Indian unit opened at 84.58 per US Dollar against previous close of 84.44. The USDINR pair tested a high/ low of 84.61/84.53 in intraday trades so far. It is currently trading at 84.5075 per USD.The RBI is believed to be ensuring that the Rupee stays competitive vis-a-vis the Chinese Yuan, which is showing a depreciating trend. Amit Pabari, MD, CR Forex Advisors, observed that the decisive move by India to carry…

USD/CAD rises as investors adopt a cautious stance ahead of the Fed interest rate decision.US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng in Geneva.Risk sentiment improved following a joint press conference between Canadian PM Mark Carney and US President Donald Trump.USD/CAD is recovering its losses registered in the previous session, trading around 1.3790 during the Asian hours on Wednesday. The US Dollar (USD) is gaining strength as investors adopt a cautious stance ahead of the Federal Reserve’s (Fed) interest rate decision due later in the North American session.While the Fed…

EUR/USD found mild technical support from 1.1300 on Tuesday.Wednesday’s key Fed rate call looms large ahead in the midweek.Fed expected to maintain rates, but markets hoping for Fedspeak pivot.EUR/USD muddled through Tuesday’s market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move. The Federal Reserve’s (Fed) midweek rate call is the key data event this week, keeping investor sentiment chained to its post for the time being.The Fed’s upcoming rate decision on Wednesday remains the primary focus for markets this week. While many expect the Fed to…

EUR/USD trades around the 1.1300 zone after modest gains in Tuesday’s post-European session.Bullish structure holds, though short-term indicators point to mixed momentum.Key support levels cluster just below, while trend-based indicators continue to favor buyers.The EUR/USD pair moved slightly higher on Tuesday, trading near the 1.1300 zone after the European session as buyers remained in control despite a lack of strong momentum. The pair sits mid-range within today’s movement and is holding above key trend indicators, maintaining a bullish posture even as intraday signals suggest temporary indecision.Technically, EUR/USD is flashing a bullish overall bias. The Moving Average Convergence Divergence currently prints…

The US Dollar Index edges lower, while the daily range gets tighter. Traders are digesting the spillover risk from the Taiwan Dollar surge on Monday.The US Dollar Index remains capped below 100.00, still stuck in a wait-and-see range.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is tilted to the downside, meanwhile remaining stuck in a very tight range on Tuesday. Market participants are assessing the recent sharp move in the Taiwan Dollar (TWD), which appreciated by more than 5% against the Greenback on Monday before retreating somewhat on Tuesday. Markets are…

Indian rupee symbol with business chart. 3d illustration istock photo for BL | Photo Credit: Rasi Bhadramani The rupee settled for the day 15 paise lower at 84.45 (provisional) against the US dollar on Tuesday, amid growing uncertainty and a cautious recalibration of risk appetite. According to forex traders, the USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows, while ongoing geopolitical tensions between India and Pakistan weighed on investor sentiments, keeping the rupee on edge. At the interbank foreign exchange, the domestic unit opened at 84.28 and moved between an intra-day…

The Indian rupee slipped on Tuesday, tracking mild losses in regional peers and dollar demand from foreign banks, though broader weakness in the greenback limited the decline. The rupee closed at 84.4325 against the U.S. dollar, down 0.2% on the day. The offshore Chinese yuan retreated from a near six-month high hit on Monday on signs that the country’s central bank may be unwilling to allow rapid appreciation amid sharp rallies seen in other Asian currencies – most prominently, the Taiwanese dollar.The dollar index was down 0.1% at 99.7 while India’s benchmark equity indexes, the BSE Sensex and Nifty 50…

The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower.  The greenback rebounded last week after Trump said there was significant progress in trade talks. Business activity in the US services sector expanded further. The USD/CAD outlook shows renewed tariff uncertainty in the US, dragging the dollar lower. The greenback fell against its peers on Monday after Trump announced new film tariffs. Meanwhile, market participants were gearing up for the FOMC policy meeting. -Are you looking for forex robots? Check our detailed guide-  On Sunday, Trump announced a 100% tariff on all films made outside the…