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Private-sector hiring in the US has cooled in late May. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 25.5K jobs per week in the four weeks ending May 30.That marks a marginal downtick from the prior reading (29K), showing further impasse in hiring.What do the ADP figures mean for the US Dollar?The Greenback alternates gains with losses around 99.70 following Monday’s pullback, briefly reaching two-day highs when gauged by the US Dollar Index (DXY).The weekly decline in the US Dollar (USD) exclusively follows cooling of geopolitical tensions in the…
The Indian rupee rose for a third consecutive session on Tuesday as underlying sentiment remained supportive, while traders awaited details of the U.S.–Iran peace agreement and guidance from the U.S. Federal Reserve.The rupee closed up 0.2% at 94.56 against the dollar. The local unit opened at 94.6125, and moved around 10 paisa on either side of Friday’s close during the session.The rupee had hit an intraday high of 94.4950 before slipping, suggesting importer hedging interest around those levels, traders said.”Supported by foreign inflows from the central bank measures and softer oil prices after end of war, the rupee is likely…
Societe Generale’s Kenneth Broux highlights that USD/CAD has broken above a key descending trendline and the upper boundary of a multi‑month base, signalling renewed upside momentum. The bank sees scope for gains towards 1.4030/1.4090 and the November 2025 peak near 1.4150, with the 1.3940/1.3900 area acting as initial short‑term support on any pullbacks.Breakout targets higher resistance zone”USD/CAD crossed the descending trendline drawn from 2025 and has now broken out above the upper boundary of a multi-month base.””This highlights the upward momentum is regaining.””The pair may extend the up move towards next projections of 1.4030/1.4090 and the peak of November 2025…
The Japanese Yen (JPY) surrenders some of its early gains against its major currency peers during the Asian trading session after the Bank of Japan’s (BoJ) monetary policy decision. The EUR/JPY pair rebounds from the day’s low of 185.45 to near 185.65, but is still 0.12% higher than its Monday closing price, as the BoJ has raised interest rates by 25 basis points (bps) to 1%, as expected, in the absence of Governor Kazuo Ueda, who has been hospitalized. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese…
The U.S. dollar held near 10-day lows on Tuesday as a deal to end the Middle East war buoyed risk appetite, with attention turning to central bank meetings in Japan and Australia to gauge if the peace deal came a little too late to ease near-term inflation concerns. The Bank of Japan is widely expected to raise rates later in the day, while the Reserve Bank of Australia is seen holding steady. U.S. President Donald Trump said a preliminary agreement to end the war has been signed by the U.S. and Iran. Details have yet to be made public but…
Gold price (XAU/USD) trades with mild gains during the early Asian session on Tuesday. The precious metal extends the rally after the United States (US) and Iran reached a comprehensive framework deal to end hostilities, easing inflation concerns. Bloomberg reported on Monday that US President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran. Trump noted that the Strait of Hormuz “is already partially opened,” and “it’ll be completely opened” on Friday. “The gold market is moving past the conflict and pricing it out. The peace deal news took down Treasury yields, the…
EUR/USD holds firm on Monday as the US-Iran peace deal boosts risk appetite, reducing safe-haven demand for the US Dollar (USD). At the time of writing, the pair trades around 1.1598 after hitting an intraday high of 1.1662.The US and Iran are expected to sign a final agreement on Friday, after both sides confirmed on Sunday that they had reached a framework deal to end the four-month-long war. The development has eased fears of prolonged disruptions to energy supplies through the Strait of Hormuz, a key route for global Oil shipments.The prospect of the Strait reopening helped push Oil prices…
The rupee gained 65 paise last Friday to close at 94.11 per dollar, a one-week high. | Photo Credit: – The rupee was buoyed on Monday, touching a five-week high, as the US and Iran reached an agreement to end the West Asia conflict, leading to crude oil prices sinking to three-month lows.The Indian currency closed stronger at 94.71 per US Dollar, up 40 paise against the previous close of 94.11. In intraday trades, the Rupee hit a five-week high of 94.4625.The rupee gained 65 paise last Friday to close at 94.11 per dollar, a one-week high.Anindya Banerjee, Head of…
The Indian rupee surged 40 paise Monday to close at 94.71 against the dollar in its sharpest single-day gain in recent months, as news of the West Asia conflict ending triggered a broad-based rally in local markets.The currency opened the day at 94.68 a dollar with a gap of 43 paise from its Friday’s close of 95.11. It rallied to a five-week high of 94.45 a dollar during the day, tracking the fall in global oil prices as the US and Iran are likely to ink a peace agreement, scheduled on June 19. The intra-day low was seen at 94.78…
Silver (XAG/USD) trades around $70.70 at the time of writing on Monday, up 3.94% on the day. The white metal is extending its rebound and benefiting from a backdrop marked by a weaker US Dollar (USD) and expectations surrounding the upcoming Federal Reserve (Fed) meeting.Markets are welcoming news that the United States (US) and Iran have reached a framework agreement designed to bring an end to the war. US President Donald Trump stated that the Strait of Hormuz will be reopened as part of the deal, while Iran’s Deputy Foreign Minister also confirmed the announcement. According to several media reports,…