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DBS’s Chang Wei Liang note USD/JPY has moved above 155 on broad Dollar strength, even as geopolitical risks could support the Japanese Yen as a safe haven. Japan’s FY26 budget debate and Prime Minister Takaichi’s proposal to suspend the consumption tax on food are seen as key for JPY direction. The IMF’s guidance on tax policy and BOJ rate hikes may delay sustained JPY strength.Fiscal debate and BOJ path guide Yen”US-Iran tensions have re-escalated, with Trump warning of a strike on Iran in the next 10 days without a deal, and Iran threatening that all bases and assets of hostile…
Rupee slipped on Friday to post its steepest weekly fall in a month as likely portfolio outflows and lingering geopolitical tensions weighed on the currency, pushing it close to the 91-per-dollar mark.The rupee closed at 90.9825 per dollar, down 0.3% on the day and 0.4% for the week.Central bank intervention, including on Friday, helped keep the currency above 91 despite broad-based dollar demand from importers and paring of bullish positions, traders said.There was a meaningful supply of dollars from the central bank in the market today, a trader at a Mumbai-based bank said, adding he expected the rupee to trade…
The Indian Rupee (INR) gaps down at open against the US Dollar (USD) on Friday after a holiday on Thursday. The USD/INR pair jumps to near 91.20 in the opening trade as the Indian Rupee weakens on rising Oil price and the absence of strong buying interest by foreign investors in the Indian stock market.Oil prices have risen significantly following threats of United States (US) military action against Iran. According to a report from the Wall Street Journal (WSJ), President Donald Trump is weighing a limited military strike on Iran to pressure Tehran to agree to a nuclear deal.Currencies from…
The rupee depreciated 27 paise to 90.95 against the US dollar in early trade on Friday, weighed down by a strong American currency and higher crude oil prices due to the escalated geopolitical tension. A selling rush in domestic equities further pressured the Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened at 90.94 and slipped further to trade at 90.95 against the greenback in early deals, losing 27 paise from its previous closing level.The rupee rose 4 paise to settle at 90.68 against the US dollar on Wednesday. The currency exchange markets were closed on…
The Japanese Yen (JPY) shows weakness against the US Dollar (USD) during the Asian trading session on Friday. The USD/JPY pair holds onto gains near its weekly high of 155.20 posted on Thursday. The pair is under pressure as the US Dollar continues to outperform due to signals from Federal Open Market Committee (FOMC) Minutes of the January policy meeting that officials see no rush for interest rate cuts, with inflation remaining persistently above the Federal Reserve’s (Fed) 2% target.As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades firmly near the…
Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand. Traders brace for the preliminary reading of US Gross Domestic Product (GDP) for the fourth quarter (Q4), the Personal Consumption Expenditures (PCE) and the S&P Global Purchasing Managers Index (PMI) data, which are due later on Friday.US President Donald Trump said on Thursday that Iran had 10 to 15 days at most to strike a deal over its nuclear program, per Bloomberg. Trump added that “really bad…
Commerzbank’s Tatha Ghose argues that recent fragmentation in Poland’s ruling coalition reinforces domestic political risk as a key drag on the Zloty. Despite assurances from Prime Minister Tusk about government stability and a “stable zloty,” the currency has underperformed peers. Ghose expects political risk to persist through elections in November 2027.Fragmented coalition weighs on Zloty”This incident reinforces our long-held view that domestic political risk acts as the main drag on the Polish currency.””While the prime minister’s assurances yesterday were aimed at calming market sentiment, his citing the “stable zloty” was misleading in our opinion – the zloty has been the…
The Pound Sterling (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Thursday. The GBP/USD pair posts a fresh almost four-week low at around 1.3470 during European trading hours after Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann praised soft United Kingdom (UK) Consumer Price Index (CPI) data for January. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD0.03%0.24%-0.12%-0.05%-0.04%-0.06%0.13%EUR-0.03%0.21%-0.16%-0.10%-0.06%-0.09%0.11%GBP-0.24%-0.21%-0.37%-0.29%-0.27%-0.30%-0.11%JPY0.12%0.16%0.37%0.06%0.08%0.03%0.24%CAD0.05%0.10%0.29%-0.06%0.02%-0.02%0.18%AUD0.04%0.06%0.27%-0.08%-0.02%-0.03%0.17%NZD0.06%0.09%0.30%-0.03%0.02%0.03%0.19%CHF-0.13%-0.11%0.11%-0.24%-0.18%-0.17%-0.19% The heat map shows percentage changes of major currencies against…
Gold (XAU/USD) sticks to modest intraday gains, above the $5,000 psychological mark, through the first half of the European session, though it lacks bullish conviction amid mixed cues. The third round of US-mediated negotiations between Ukraine and Russia concluded in Geneva on Wednesday without any major breakthrough. This underscores that substantive disagreements remain over the status of eastern Ukrainian territories occupied by Russian forces. Furthermore, reports suggest that the US military is ready to attack Iran as early as this weekend. Although US President Donald Trump has not made a final decision yet on whether to authorize an armed confrontation,…
EUR/USD gains ground after three days of losses, trading around 1.1790 during the Asian hours on Thursday. The 14-day Relative Strength Index (RSI) momentum indicator at 47 (neutral) reflects easing momentum. The RSI below 50 keeps momentum balanced and could limit follow-through.The technical analysis of the daily chart shows that the 50-day Exponential Moving Average (EMA) rises, with price holding marginally above it. The nine-day EMA has flattened after earlier strength, keeping a short-term cap on recovery. With the short-term average still above the 50-day EMA, the bullish bias persists, though the narrowing spread warns of consolidation.The initial support lies…