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USD/CAD trades flat around 1.3670 in Wednesday’s early Asian session. A potential US-China trade deal could provide some support to the US Dollar. The BoC held the key rate steady but says a future cut is possible.The USD/CAD pair holds steady near 1.3670 during the early Asian session on Wednesday. Easing trade tension between the United States (US) and China could underpin the US Dollar (USD). Investors will closely monitor the result of the US-China trade talks. Also, the US May Consumer Price Index (CPI) data will take center stage later on Wednesday. US Commerce Secretary Howard Lutnick hinted at potential resolutions with…

USD/JPY remains supported above 144.00 as US-China trade talks remain in focus.Bank of Japan Governor Kazuo Ueda’s hawkish tilt limits Yen weakness.The US Dollar steadies ahead of Wednesday’s US inflation data, which could contribute to Fed rate bets.The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Tuesday, with the USD/JPY pair hovering above the 144.00 level in relatively muted trade. With markets focused on US–China trade negotiations and broader risk sentiment, USD/JPY remains sensitive to shifts in both geopolitical developments and interest rate expectations. While the trade talks in London appear to be making progress, a more hawkish tone…

59 of 105 economists polled by Reuters said that they expect the Federal Reserve (Fed) to resume cutting interest rates in the next quarter, likely in September.More than 60% of polled economists also said that they see the Fed lowering the policy rate at least twice this year. According to the findings, the US economy is forecast to expand by 1.4% in 2025 and 1.5% in 2026.Market reactionThe US Dollar (USD) Index showed no immediate reaction to this headline and was last seen trading flat on the day at 99.00. Fed FAQs Monetary policy in the US is shaped by…

Rupee rose 4 paise to close at 85.62 (provisional) against the US dollar on the back of strong foreign capital inflows. However, a mixed sentiment in the domestic equity markets, a rise in global crude oil prices, and a stronger US dollar against major currencies capped further gains in the local unit, according to forex traders. Foreign institutional investors (FIIs) had purchased equities worth ₹1,992.87 crore on a net basis on Monday, according to exchange data. At the interbank foreign exchange, rupee opened at 85.62 and registered an intra-day peak of 85.51 and a low of 85.68 before settling at…

Oil prices firmed yesterday, a trend that continued in early morning trading today, ING’s commodity experts Ewa Manthey and Warren Patterson note.US/China trade talks seem to be progressing”Trade talks between the US and China appear to be progressing, with discussions set to continue today. The US also appears willing to ease some tech export restrictions in return for China easing limits on rare earth exports. This is providing some support to the market. Meanwhile, nuclear talks between Iran and the US don’t appear to be progressing, providing some tailwinds for prices. Iran is not willing to compromise on its right…

The rupee rose 8 paise to 85.58 against the US dollar in early trade on Tuesday amid a positive opening in the domestic equity markets and robust foreign capital inflows. However, rising global crude oil prices and a strengthening US dollar against overseas currencies capped sharp gains in the local unit, according to forex traders. At the interbank foreign exchange, the rupee opened at 85.62 against the greenback before rising further to 85.58, higher by 8 paise against its previous close. The local unit appreciated 2 paise to close at 85.66 against the US dollar on Monday. “The rupee is…

The Indian Rupee outperforms the US Dollar, while investors await the outcome of US-China trade talks.This week, investors will pay close attention to the US/India CPI data for May.The RBI will halt its VRR auctions, which it began earlier this year, starting from June 11.The Indian Rupee extends its winning streak against the US Dollar (USD) for the fourth trading day on Tuesday. The USD/INR pair ticks down to near 85.55 after opening, even as the US Dollar edges higher during Asian trading hours. Still, the US Dollar Index (DXY) is broadly in a tight range between 98.80-99.30 as investors…

GBP/USD is holding steady after losing the 1.3600 handle.Key UK labor data and US inflation figures from Q2 are on the offer in the days ahead.GBP/USD still leans firmly bullish, but a near-term ceiling may be priced in.GBP/USD Held steady within recent consolidation on Monday, testing the waters near 1.3550. Cable traders are bracing for a fast one-two punch of UK and US data over Tuesday and Wednesday, and trade-related headlines continue to loom over market sentiment, further crimping momentum as investors hope for a cooldown in the US’s latest broad tariff tensions with China.Trade talks are underway in London…

USD/JPY eases toward 144.00 as trade talks take center stage.The United States and China attempt to restore trade relations, benefiting risk sentiment.Japan makes progress with its own talks with the US, limiting the Yen’s decline. The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Monday, as markets digest developments in the US-China trade talks. On Friday, Japan announced that it had made some progress of its own in talks with the United States (US), in the fifth round of trade talks between the two nations.However, Monday’s focus was on the talks between the US and China in London, which…

The USD/JPY outlook indicates that the yen is starting the week strong. A former top currency diplomat in Japan noted that the yen could strengthen to the 135-140 range. The US released data showing 139,000 new jobs in May. The USD/JPY outlook indicates that the yen is starting the week strong as market focus shifts back to policy outlooks. On Friday, Japan’s currency collapsed against a strong dollar after the US released a better-than-expected employment report.  –Are you interested to learn more about crypto signals? Check our detailed guide- An ex-top currency diplomat in Japan noted on Friday that the…