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The rupee on Friday hit its record low of 92.02 before ending a tad higher at 91.97 against the US dollar, amid a firm American currency and volatile geopolitical cues. Forex traders said sustained withdrawal of foreign funds and a negative trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 91.89 and gained ground, touching 91.82 against the greenback during intraday trade. The currency touched its lowest-ever level of 92.02 before ending the session at 91.97 against the dollar, registering a gain of just 2 paise form previous closing level. On Thursday,…

The German/Eurozone Q4 GDP OverviewThe Federal Statistics Office of Germany is set to release preliminary Q4 Gross Domestic Product (GDP) data for Germany at 09:00 GMT, and Eurostat will likely report flash Eurozone GDP figures for the same period at 10:00 GMT on Friday.Germany’s preliminary GDP is forecast to grow 0.2% quarter-over-quarter (QoQ) in the fourth quarter, after stagnating in the prior quarter. Meanwhile, the economic growth is expected to hold steady at 0.3% Year-over-year (YoY) in Q4.Meanwhile, seasonally adjusted flash Eurozone GDP is projected to rise 0.2% QoQ in Q4, easing from 0.3% previously, while annual growth is seen…

USD/JPY price analysis tilts to the upside as the dollar recovers on the Fed hold and the US Senate approval to avoid a shutdown. BoJ remains highly accommodative, keeping the yield differential unattractive for yen buyers. FX intervention warnings keep yen losses in check. USD/JPY is consolidating after recent gains. The pair remains supported by yield differentials. US Treasury yields remain higher than those on Japanese government bonds. This keeps carry trades attractive. Markets have scaled back aggressive expectations of Fed rate cuts. Stronger-than-expected US data and sticky services inflation have delayed the timing of meaningful easing. Futures now imply…

The continued fall of the Indian Rupee against the US Dollar is mainly driven by persistent capital outflows, with upcoming developments such as the Union Budget and news related to US tariffs emerging as key factors to watch, currency experts said as the Rupee slipped close to the 92 level.Reacting to the recent movement in the domestic expert, told ANI that the Rupee opened on Friday morning at 91.91/92 and continued to trade around the same levels. The Rupee had briefly touched 92.00 a day earlier but recovered following reports of intervention by the Reserve Bank of India (RBI).K N…

The rupee recovered from its lowest level and gained 9 paise to trade at 91.90 against the American currency in early deals on Friday, supported by lower crude oil prices in the international market. According to forex traders, a sharp recovery in the Indian currency was capped by a strong greenback and withdrawal of foreign funds from domestic equity markets. At the interbank foreign exchange, the rupee opened at 91.89 and strengthened up to 91.87 against the greenback before trading at 91.90 in initial deals, up 9 paisa from its previous closing level. The rupee ended on a flat note…

West Texas Intermediate (WTI) Oil price depreciates after three days of gains, trading around $64.00 per barrel during the Asian hours on Friday. However, WTI stayed on track for roughly 12% monthly gains, underpinned by a rising geopolitical risk premium.Geopolitical risks stayed elevated after Iran warned it would “defend itself and respond like never before” in reaction to fresh threats from US President Donald Trump, who urged Tehran to enter nuclear talks. Iran cautioned that it would retaliate if provoked.Tensions intensified further after the European Union designated Iran’s Islamic Revolutionary Guard Corps as a terrorist organization. Adding to the strain,…

The headline Tokyo Consumer Price Index (CPI) for January rose 1.5% YoY as compared to 2.0% in the previous month, the Statistics Bureau of Japan showed on Friday.Additionally, Tokyo CPI ex Fresh Food climbed 2.0% YoY in January against 2.2% expected and 2.3% in the prior month. The Tokyo CPI ex Fresh Food, Energy rose 2.0% YoY in January, compared to the previous reading of 2.3%, below than market consensus of 2.2%. USD/JPY reaction to the Tokyo Consumer Price Index dataAs of writing, the USD/JPY pair is down 0.17% on the day at 153.12. Japanese Yen Price Today The table below shows the percentage change…

Commerzbank’s report by Dr. Christoph Balz discusses the Federal Reserve’s decision to leave interest rates unchanged after three consecutive cuts. The Fed’s current target range remains at 3.50%-3.75%, reflecting a more favorable view of the economic situation, particularly the labor market. The report suggests that the Fed is not expected to make further cuts unless economic data weakens significantly.Fed maintains interest rates amid economic stability”The Fed is in no hurry to make further interest rate cuts, as the economic situation and, in particular, the labor market are now viewed more favorably.””Even though, according to Powell, interest rate hikes are not…

The US Dollar is gaining the upper hand against the Japanese Yen, with both currencies among the worst G8 performers this week. The pair trades near 153.50 at the time of writing, consolidating its recovery from three-month lows near 152.00, as the focus shifts to the Tokyo CPI reading, due later on the day.The Yen went through a significant pullback on Wednesday, following comments by US Treasury Secretary Scott Bessent, who affirmed that Washington is pursuing a strong Dollar policy. Bessent also played down speculation about a US-Japan coordinated plan to support the Yen, a rumour that sent the pair…

The rupee settled near its all-time closing low at 91.96 (provisional) against the US dollar, amid selling pressure from foreign funds and risk-off sentiment in global markets. Forex traders said the rupee hit its all-time intra-day low of 92 against the US dollar amid geopolitical uncertainty and foreign outflows. Moreover, a surge in crude oil prices weighed on the rupee. At the interbank foreign exchange, the rupee opened at 91.95 and touched an early high of 91.82, but pared gains to touch an intra-day low of 92 against the greenback. The domestic unit settled at 91.96 (provisional), up 3 paise…