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The Dollar remains under pressure following comments from President Trump, which have contributed to its decline against other currencies. The Dollar Index has fallen to its lowest level since February 2022, driven by uncertainties over U.S. tariff policies and geopolitical tensions. The focus now shifts to the upcoming Federal Reserve meeting, where no changes to the Fed funds target range are expected, Commerzbank’s Charlie Lay and Moses Lim note.Dollar under pressure from political comments”The main theme overnight was the weak USD. Comments from President Trump sent the USD down another leg against an already fragile backdrop.””The USD has been under…
The rupee gained 11 paise to 91.57 against the US dollar in early trade on Wednesday, supported by a retreating dollar index and the landmark India-EU trade deal. Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. At the interbank foreign exchange market, the rupee opened at 91.60 against the US dollar, then gained some ground to 91.57, registering a gain of 11 paise over its previous close.On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 (provisional)…
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Wednesday after registering over 1% gains in the previous session. The AUD/USD pair depreciates as the AUD remains subdued following the release of Australia’s Consumer Price Index (CPI) data for December, reported by the Australian Bureau of Statistics (ABS).Australia’s CPI rose by 3.6% year-over-year (YoY) in December, following a 3.5% (revised from 3.4%) increase prior. The market consensus was for 3.6% growth in the reported period. Australia’s RBA Trimmed Mean inflation increased to 0.2% month-over-month (MoM) and 3.3% year-over-year (YoY). The monthly CPI rose 1.0% in December, up…
The U.S. dollar fell to a four-year low against a basket of major currencies after President Donald Trump said the currency’s value was “great,” signalling tolerance for further weakness. The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday, after President Donald Trump said the value of the dollar is “great” when asked whether he thought it had declined too much.Trump made the comment to reporters in Iowa ahead of a speech expected to center on the economy, as he seeks to rally his stalwart rural supporters in a state that hosts…
US President Donald Trump said that the value of the US Dollar (USD) is great when asked whether he thought it had declined too much, Reuters reported on Tuesday.Key quotesNo, I think it’s great, the value of the dollar … dollar’s doing great. If you look at China and Japan, I used to fight like hell with them, because they always wanted to devalue. Market reactionThe US Dollar Index (DXY) falls about 1.20% on the day at 95.85, posting its worst day since April 10, 2025. It touched its lowest level since February 2022. US Dollar Price Today The table below…
The report by MUFG highlights the impact of US tariff policy uncertainty and the risk of coordinated FX intervention by US and Japanese authorities on the Dollar. The uncertainty has led to Dollar weakness and a surge in real assets like Gold, while local factors continue to drive divergence across Asian currencies. The report suggests that actual tariff increases may be slower to come this year due to upcoming US mid-term elections.Tariff uncertainty and FX intervention risks”The two key themes impacting markets are US tariff policy uncertainty coupled with the risk of coordinated FX intervention by US and Japanese authorities,…
The Euro (EUR) has reversed previous losses and turned positive on the daily chart on Tuesday, trading at 1.1800 at the time of writing, with the four-month highs, at 1.1907, at hand. US trade uncertainty, market expectations of further Federal Reserve (Fed) easing, and the growing chances of a US government shutdown are keeping the Greenback in the doldrums.A new tariff salvo, this time to South Korea, highlights the erratic US trade policies, while in the US, the risk of a Government shutdown rises as tensions simmer in Minnesota after two people were killed in immigration raids. All this happens…
The Indian rupee firmed slightly on Tuesday, helped along by a broadly weaker dollar and the boost from a landmark trade agreement between India and the European Union, which is expected to cut tariffs on nearly all Indian exports.The rupee closed at 91.72 per dollar, up 0.2% from its closing level on Friday. Indian financial markets were shut on Monday for a local holiday. The currency’s modest recovery followed a slump to its all-time low of 91.9650 on Friday.India and the EU have finalised a long-pending landmark trade deal, both sides said on Tuesday. Over a period of seven years,…
The rupee rebounded from its all-time low levels and gained 19 paise to close at 91.71 (provisional) against the US dollar on Tuesday, on decline in US dollar index and India-EU FTA negotiations. Forex traders said the rupee recovered marginally as traders rushed to cover broad dollar weakness. Moreover, the deal over India-EU FTA boosted domestic market sentiments. However, rising commodity and crude oil prices capped sharp gains. At the interbank foreign exchange, the rupee opened at 91.82 and lost ground to touch an intra-day low of 91.90 against the greenback. The domestic unit settled for the day at 91.71…
In recent weeks, the Indian Rupee has traded in a narrow yet volatile range, even as the US Dollar weakens globally. After reaching a recent high of 91.96 against the dollar, the Rupee has eased slightly but remains relatively stable near Rs 90.Rupee’s stability comes amid heightened global market uncertainty, as the Dollar Index fell below 100 for the first time in nearly a year.A combination of softer US monetary policy, geopolitical tensions, and evolving rate cut expectations are driving volatility across global currency markets—raising questions about whether the Dollar can reclaim its lost strength, according to a report by…