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The Indian rupee is at risk of opening at a lifetime low on Wednesday, with risk aversion triggered by the Greenland dispute compounding persistent pressures and leaving the currency reliant on the central bank’s support.The 1-month non-deliverable forward indicated the rupee is set to open in the 91.04–91.10 range against the dollar, after settling at 90.9750 on Tuesday. The currency’s all-time low is 91.0750, set in mid-December.Unnerved by US President Donald Trump’s threats over Greenland and the potential for a US–Europe trade dispute linked to the issue, investors swung into risk-off mode, dumped the dollar, and bought into safe-haven assets.The…
Gold price ( XAU/USD) climbs to near $4,775 during the early Asian trading hours on Wednesday. The precious metal extends the rally and is poised for another record high amid a time of political and economic uncertainty. The speech by US President Donald Trump at the World Economic Forum in Davos, Switzerland, will be in the spotlight later on Wednesday. Traders continue to pile into safe-haven assets amid tensions between the US and Europe over Greenland. US President Donald Trump over the weekend threatened to impose tariffs on eight European nations that oppose his plans to take control of Greenland. The BBC…
Gold (XAU/USD) hits yet another record high on Tuesday, climbing above the $4,700 psychological mark as rising geopolitical tensions drive strong safe-haven demand. At the time of writing, XAU/USD trades around $4,730, up nearly 1.25% for the day.Market sentiment remains fragile as renewed US-EU trade tensions dominate headlines. Over the weekend, US President Donald Trump threatened fresh tariffs on eight European nations over the Greenland issue.European leaders sharply criticized the move and warned that countermeasures are being prepared if the tariffs are implemented.The developments have revived fears of a broader transatlantic trade war. The risk-off mood is weighing on global…
The Indian rupee extended losses to a fifth consecutive session on Tuesday as strong dollar demand continued to put pressure on the currency, while a fresh low was averted after likely central bank intervention.The currency opened a tad weaker and rapidly declined to 91.0525, its lowest level in a month, and drifted closer to its all-time low of 91.0750 set in mid-December.It ended at 90.9750 to a dollar, down 0.1% from 90.91 at Monday’s close. The unit has lost around 1% in five sessions.Traders said that state-run banks likely sold dollars near the 91/rupee level, likely on behalf of the…
The rupee depreciated 7 paise to close at a record low of 90.97 (provisional) against the US dollar on Tuesday, as strong dollar demand from metal importers and persistent foreign fund outflows dented investor sentiment. Forex traders said rising geopolitical uncertainties, including renewed US expansionary signals, have increased risk aversion and kept emerging market currencies under pressure. Moreover, a sluggish domestic stock market triggered by an exodus of foreign capital further weighed on the local unit, they said. At the interbank foreign exchange, the rupee opened at 90.91 and lost ground, touched an intraday low of 91.06, and finally ended…
The Euro is trading higher for the second consecutive day against a weaker Japanese Yen, reaching levels above 185.10 in the early European session on Tuesday, after bouncing from Monday’s lows of 182.69. The pair is drawing support from the US Dollar’s depreciation following US President Trump’s latest tariff bout, while the Yen remains on the defensive amid renewed fiscal fears.The Japanese Prime Minister, Sanae Takaichi, rattled markets on Monday by announcing snap elections for February 8. The Yen went into a tailspin as investors feared that Takaichi’s higher popularity might give her greater parliamentary support to deepen her big-spending…
USD/CAD price analysis remains under selling pressure as oil prices remain stable while the dollar weakens. Canada’s upbeat inflation suggests the BoC will likely pivot to easing sooner. Tariff uncertainty weighs on the dollar despite the Fed’s deferred easing to midyear. USD/CAD is currently defined by a tug-of-war between a structurally weaker US dollar and a Canadian dollar underpinned by resilient domestic fundamentals. On the US side, the Dollar Index (DXY) is sliding below 99.00 as markets react to renewed tariff threats on multiple EU countries over the Greenland issue. –Are you interested to learn more about crypto signals? Check our…
The rupee depreciated 8 paise to 90.98 against the American currency in early trade on Tuesday, as strong dollar demand from metal importers and persistent foreign fund outflows dented investor sentiment. Forex traders said rising geopolitical uncertainty, including renewed US expansionary signals, has increased risk aversion and kept emerging market currencies under pressure. Moreover, a sluggish domestic stock market triggered by an exodus of foreign capital, they said. At the interbank foreign exchange, the rupee opened at 90.91 and lost ground to trade at 90.98 against the greenback, down 8 paise from its previous close. On Monday, the rupee depreciated…
Gold (XAU/USD) extends its sideways consolidative price move through the Asian session on Tuesday and remains close to the all-time peak touched the previous day amid mixed fundamental cues. The US Dollar (USD) attracts some buyers and recovers a part of the overnight pullback from its highest level since December 9 amid reduced bets for two more interest rate cuts by the Federal Reserve (Fed). Furthermore, civil unrest in Iran seems to have subsided, reducing the likelihood of a US intervention and turning out to be another factor acting as a headwind for the commodity.However, the protracted Russia-Ukraine war keeps…
The Indian rupee is expected to remain vulnerable near the 91 level on Tuesday, with persistent flow-driven dollar demand keeping the risk of a slide to an all-time low in play.The rupee has fallen for four sessions till Monday, losing around 1% in that period, leaving it perched near the closely watched 91 per dollar level and within striking distance of its lifetime low of 91.0750, set in the middle of last month.The currency settled at 90.91 in the previous session, after plumbing to an intraday low of 90.99 and briefly inching past 91 on the interbank order-matching system, underscoring…