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ING’s Chris Turner highlights several risks for the Pound this week, centred on the Bank of England meeting and a key Labour by-election. Markets now see the first BoE rate hike in November, and lower energy prices may question the need to tighten at all, while EUR/GBP is seen holding strong support around 0.8610/15.BoE stance and UK politics weigh on Pound”Markets have pushed back expectations of the first Bank of England rate hike until the November meeting.””Lower energy prices can prompt questions about whether the BoE needs to hike at all, and Governor Andrew Bailey will have to walk a…

The rupee opened 41 paise stronger at 94.70 per US Dollar, buoyed by reports of the US and Iran reaching an agreement to end the West Asia conflict and consequent fall in crude oil prices.The Indian currency is currently trading at 94.5725 per USD, up about 54 paise against the previous close of 95.11.In intraday trades so far, the Rupee has tested a high/ low of 94.5550/ 94.74.Amit Pabari, MD, CR ForeX Advisors, observed that at the peak of the conflict, Brent crude had climbed above $113 per barrel as traders feared supply disruptions. As hopes of peace grew, prices…

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground and trading around 99.50 during the Asian hours on Monday. The Greenback declines on fading safe-haven demand following reports that the United States (US) and Iran reached a deal to end their conflict, easing concerns about inflation and higher interest rates.Washington and Tehran said on Sunday that they have reached an agreement that will take effect on Friday. US President Donald Trump stated that the US is lifting its naval blockade on Iranian ports and that the Strait of…

The AUD/USD pair gathers strength to around 0.7075 during the early Asian session on Monday. The reports that the United States (US) and Iran announced a peace deal to bring their nearly four-month war to an end underpin the riskier asset, such as the Australian Dollar (AUD) against the US Dollar (USD). The Reserve Bank of Australia (RBA) interest rate decision will take center stage later on Tuesday. Bloomberg reported on Sunday that Washington and Tehran have reached a deal to reopen the Strait of Hormuz, with both sides declaring the immediate and permanent termination of military operations on all fronts,…

V Anantha Nageswaran, Chief Economic Advisor, Government of India | Photo Credit: RAGU R The Indian rupee’s movement is a natural part of macroeconomic adjustment and should not be viewed through the lens of fixed psychological thresholds such as the 100-per-dollar mark, Chief Economic Adviser V Anantha Nageswaran said, stressing that the exchange rate functions as a “shock absorber” in a volatile global environment.In an exclusive conversation with ANI, Nageswaran said that currency depreciation should be understood in the broader context of external shocks, global uncertainty, and shifting capital flows rather than as a sign of domestic economic weakness. According…

The dollar steadied on Friday but remained on track for a weekly loss, as markets monitored negotiations over a deal that could end the Middle East conflict. Traders were also digesting unprecedented demand for shares in SpaceX, which raised $75 billion in an initial public offering and jumped about 20% in its Nasdaq debut. The euro was little changed at $1.15725, hovering near a one-week high and set for a weekly ‌gain after the ⁠European Central ⁠Bank delivered its first interest rate hike in three years on Thursday. PEACE DEALLeaked terms of a proposed memorandum to end the war in…

The US Dollar Index (DXY) lost ground during the week, down 0.27% to trade near the 99.80 level as investors prepared for a heavy central bank calendar the following week. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc. USDEURGBPJPYCADAUDNZDCHFUSD0.07%0.07%0.14%0.11%0.00%0.07%0.26%EUR-0.07%-0.01%0.09%0.05%-0.07%-0.01%0.18%GBP-0.07%0.00%0.11%0.05%-0.09%0.00%0.17%JPY-0.14%-0.09%-0.11%-0.06%-0.17%-0.10%0.06%CAD-0.11%-0.05%-0.05%0.06%-0.11%-0.05%0.13%AUD-0.00%0.07%0.09%0.17%0.11%0.06%0.21%NZD-0.07%0.01%-0.00%0.10%0.05%-0.06%0.17%CHF-0.26%-0.18%-0.17%-0.06%-0.13%-0.21%-0.17% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from…

Societe Generale highlights that South Korean authorities have launched a multi-pronged FX stabilisation package to address short-term USD funding stress and speculative pressures on the Korean Won. Measures include a temporary FX stability levy exemption, enhanced interest on excess FX deposits, and tighter oversight of major FX banks. Officials are also urging exporters to accelerate FX conversion and repatriate offshore funds.BoK and government intensify Won support”The BoK rolled out multi-pronged FX stabilisation package after emergency meeting with the MoF and FSS, targeting short-term USD funding stress and speculative pressures.””Key measures include a 6-month exemption of the FX stability levy for…

A senior administration official said on Friday that the Iran deal will guarantee long-term peace in the region. The agreement would achieve core US objectives and reopen the Strait of Hormuz. The official said that the US would get enriched nuclear material and include an inspection regime.SENIOR ADMINISTRATION OFFICIAL: IRAN DEAL ACCOMPLISHES CORE U.S. OBJECTIVESIRAN DEAL REOPENS STRAIT OF HORMUZ – OFFICIALU.S. TO GET ENRICHED MATERIAL UNDER IRAN DEALIRAN DEAL GUARANTEES LONG-TERM PEACE IN REGIONIRAN DEAL INCLUDES INSPECTION REGIMEIF IRAN COMPLIES WILL BE REWARDED ECONOMICALLYBENEFITS FOR IRAN ACCRUE IF THEY ACTUALLY DELIVERU.S. EXPECTS TO SIGN AGREEMENT OVER NEXT FEW DAYSDRAFT…

Deutsche Bank’s Sanjay Raja says the UK economy is tracking close to the Bank of England’s Scenario A, with stronger‑than‑expected early‑2026 GDP but a cooling labour market and easing price pressures. GDP is seen around 1% in 2026–27, while CPI is projected slightly below Scenario A and potentially under the 2% target at longer horizons.Scenario A path for growth and CPI”The economy – at least on the surface – has been stronger than the Bank assumed. GDP growth, to start the year, was stronger than the Bank anticipated. But the labour market has softened a touch, relative to the Bank’s…