Author: admin
Bank of Japan (BoJ) Governor Kazuo Ueda is due to hold a press conference at 6:30 GMT, following the central bank’s decision to hold the benchmark interest rate at 0.75% on Friday. Traders await additional clues from Ueda’s press conference regarding the expected timing of the BoJ’s next rate hike. Economic Indicator BoJ Press Conference The Bank of Japan (BoJ) holds a press conference at the end of each one of its eight scheduled policy meetings. At the press conference the Governor of the BoJ communicates with media representatives and investors regarding monetary policy. The Governor talks about the factors that affect…
Rupee invoicing for export of goods and software grew 4.5% YoY in April-November 2025 while import rose 24.5 per cent YoY, according to RBI data | Photo Credit: SOMNATH MAHATA In a positive sign for the rupee and the economy, there is a pick-up in exporters and importers invoicing in rupees..Recent Reserve Bank of India data shows the rupee invoicing for export of goods and software grew 4.7 per cent YoY in April-November 2025 and was ₹2,00,056 crore. Similarly, import of goods and software invoiced in rupee grew 24.5 per cent YoY and was ₹1,97,127 crore. However, share of such…
The USD/JPY pair posts modest gains near 158.45 during the early Asian session on Friday. The Japanese Yen (JPY) softens against the US Dollar (USD) following the release of Japanese inflation data. All eyes will be on the Bank of Japan (BoJ) interest rate decision and the press conference later on Friday. Data released by the Japan Statistics Bureau showed on Friday that Japan’s National Consumer Price Index (CPI) rose by 2.1% YoY in December, compared to the previous reading of 2.9%. This figure registered its weakest level since March 2022. Meanwhile, the National CPI ex Fresh food came in at 2.4% YoY in…
GBP/USD rises during the North American session on Thursday amid an improvement in risk appetite, following a de-escalation of the trade-war between the US and Europe. Meanwhile, traders shrug off strong US data, which, despite signaling the strength of the economy, failed to underpin the US Dollar (USD). At the time of writing, the pair trades at 1.1357, up 0.24%.Sterling advances as easing trade tensions outweigh strong US data and keep the Dollar under pressureOn Wednesday, the US President Donald Trump announced that he had reached an agreement with NATO in regard to Greenland, refraining from imposing duties on eight…
Gold (XAU/USD) trims its intraday losses on Thursday as traders reposition ahead of a heavy slate of US economic data due later in the American session. At the time of writing, XAU/USD trades around $4,827, recovering after a short-lived pullback below the $4,800 psychological level.Bullion came under brief selling pressure, retreating from the record high of $4,888 set on Wednesday, as global risk appetite improved after US President Donald Trump backed away from his threat to impose tariffs on several European countries linked to the Greenland dispute.However, traders are looking past the easing of immediate trade-war fears, as the broader…
Forex traders said comments from US President Donald Trump at Davos helped shift sentiment. The rupee rebounded marginally from its all-time low levels and gained 3 paise to close at 91.62 (provisional) against the US dollar on Thursday, on suspected RBI intervention and a positive trend in domestic equities.Forex traders said comments from US President Donald Trump at Davos helped shift sentiment, as he confirmed that a framework for a future Greenland agreement has been reached and that tariffs scheduled for February 1 would not be implemented.At the interbank foreign exchange, the rupee opened at 91.54 then gained ground to…
Euro (EUR) is likely to consolidate within a range of 1.1655/1.1720. In the longer run, risk for EUR remains on the upside; the probability of it breaking above 1.1805 is not high for now, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Risk for EUR remains on the upside24-HOUR VIEW: “Following the strong surge in USD on Tuesday, we indicated yesterday that ‘the sharp rise seems excessive, and instead of continuing to rise, EUR is more likely to consolidate today, probably between 1.1690 and 1.1770’. The subsequent price movements did not unfold as expected. During the NY…
,The Reserve Bank of India has conducted more than $2 billion in FX swaps over the last two days to offset the drain in liquidity caused by spot dollar sales, four bankers said, suggesting a focus on containing currency pressures without exacerbating banking liquidity tightness.The central bank has stepped up spot market intervention amid equity outflows, higher demand linked to bullion imports and increased hedging pile up pressure on the rupee. The currency plunged 0.8% on Wednesday to an all-time low of 91.7425.Spot intervention drains rupee liquidity, an effect the RBI can counter through dollar/rupee buy-sell FX swaps, in which…
The Japanese Yen (JPY) touches a fresh weekly low against its American counterpart during the Asian session on Thursday amid a combination of negative factors. The global risk sentiment gets a strong lift in reaction to US President Donald Trump’s U-turn on Greenland and undermines demand for traditional safe-haven assets, including the JPY. Apart from this, the recent chaotic selloff in Japan’s bond markets, led by concerns about expansionary fiscal policy under Prime Minister Sanae Takaichi, keeps the JPY bulls on the sidelines.However, expectations that Japanese authorities would step in to stem further weakness in the domestic currency could act…
Gold price ( XAU/USD) trimmed gains to near $4,790 during the early Asian session on Thursday. The precious metal retreats from a record high of $4,888 after US President Donald Trump backs off the European tariff threat and announces a framework Greenland deal. Bloomberg reported on Wednesday that Trump said he would step back from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland. He added that the United States and the North Atlantic Treaty Organization (NATO) had “formed the framework of a future deal with respect to Greenland.” Hopes for a solution in…