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*Singapore The dollar retreated to its lowest level in a week in early trading on Tuesday after threats from the White House towards the European Union over the future of Greenland triggered a broad selloff across U.S. stocks and government bonds.The dollar index, which measures the greenback’s strength against a basket of six currencies, slid 0.1% to 99.004 – its lowest level since January 14 as investors worried about exposure to U.S. markets.On Monday, U.S. President Donald Trump’s renewed tariff threats against European allies triggered a repeat of the so-called “Sell America” trade that emerged after last year’s Liberation Day…
Gold price (XAU/USD) edges higher to near $4,670 during the early Asian session on Tuesday. The precious metal is set to hit a fresh record high as traders flock to safe-haven assets amid a persistent geopolitical and economic outlook.US President Donald Trump said on Saturday that he would impose new tariffs on goods from eight European countries that reject his plan to acquire Greenland. The countries affected include Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the United Kingdom (UK). The announcement fueled concerns about a broader trade war and boosted traditional safe-haven assets such as Gold. Meanwhile, reports have…
GBP/USD rises on Monday after tensions between the US and Europe had grown following a social media post of US President Donald Trump threatening to impose duties on eight European countries. At the time of writing, the pair trades at 1.3414, up 0.28%.Sterling advances as US–Europe trade tensions spark broad Dollar sellingOver the weekend, Trump announced 10% tariffs on eight countries, including Denmark, Norway, Sweden, France, Germany, Finland, the Netherlands and the UK. The duties would be effective on February 1 and would be increased to 25% on June 1 if they failed to reach an agreement, so the US…
The Indian rupee breached the psychologically crucial 91 per US dollar on Monday, pressured by corporate dollar demand, foreign portfolio investor outflows, and uncertainty over India-US tariff talks | Photo Credit: iStockphoto The rupee on Monday breached the psychologically crucial 91 to the US Dollar for the second time in about a month, being weighed down by corporate dollar demand, continued outflows due to foreign portfolio investor (FPI) selling in the Indian equity markets, and uncertainty on the outcome of the tariff talks between India and the US.However, the rupee pulled back, apparently on mild RBI intervention, from its intraday…
Gold (XAU/USD) starts the week with a strong bullish gap, pushing deeper into uncharted territory as safe-haven demand strengthens. The move comes after US President Donald Trump threatened tariffs on several European Union (EU) nations over control of Greenland, reviving trade tensions and injecting fresh geopolitical risk into already fragile market sentiment.At the time of writing, XAU/USD trades around $4,663, consolidating just below the fresh all-time high near $4,690, up nearly 1.75% on the day.Trump’s renewed trade rhetoric has added to market unease and drawn criticism from European officials, undermining confidence in US assets and weighing on the US Dollar…
The rupee breached the 91-a-dollar mark for the second time in a month before ending 14 paise down at 90.92 (provisional) against the greenback on Monday, as renewed concerns over global trade uncertainties accelerated foreign fund withdrawal. Despite weak American currency and lower crude oil prices, selling pressure in domestic equities pushed the Indian currency downward, forex analysts said. Investors were also concerned after US President Donald Trump announced tariffs on European countries if they resisted his plan to control Greenland. At the interbank foreign exchange, the rupee opened at 90.68 and slid past the crucial 91.01 against the greenback…
The Indian rupee reversed course and fell for the fourth consecutive session on Monday, pressured by corporate dollar buying that was further complicated by a shortfall in supply.The rupee appreciated to 90.6450 in early trade following a pullback in the U.S. dollar amid the Greenland dispute but later declined and was on the verge of breaking the 91 level.Some traders said that the central bank intervened mildly to prevent further losses.The local unit found early support as the dollar weakened against major peers and Asian currencies, with investors paring dollar exposure amid mounting tensions over Greenland and threats of U.S.…
The Japanese Yen (JPY) extends its intraday pullback from over a one-week high, touched against a broadly weaker US Dollar (USD) earlier this Monday, and fills the weekly bullish gap during the first half of the European session. Speculations that Prime Minister Sanae Takaichi may soon call a snap election to cement her authority and further boost the expansionary fiscal policy act as a headwind for the JPY. However, a warning of a possible intervention by Japan’s Finance Minister Satsuki Katayama, to counter weakness in the domestic currency, could act as a tailwind for the JPY.Furthermore, prospects for an early…
The rupee recovered from a low level and traded with a gain of 12 paise at 90.66 against the US dollar in early deals on Monday, tracking a retreating greenback against major overseas rivals. However, persistent outflow of foreign funds from domestic equity markets and higher crude oil prices overseas amid a volatile geopolitical situation kept investors cautious, forex analysts said. At the interbank foreign exchange, the rupee opened at 90.68 and gained further to trade at 90.66 against the greenback, registering a gain of 12 paise from its previous closing level.The rupee crashed 44 paise to settle near its…
The Australian Dollar strengthened against the US Dollar (USD) on Monday following the release of Australia’s TD-MI Inflation Gauge, which rose to 3.5% year-over-year (YoY) in December, up from 3.2% previously. On a monthly basis, inflation surged 1.0% month-over-month (MoM) in December 2025, the fastest pace since December 2023 and a sharp acceleration from 0.3% in the prior two months.The AUD/USD pair gains ground following China’s key economic data. It is important to note that any change in the Chinese economy could impact the Australian Dollar as both countries are close trading partners.Data from the National Bureau of Statistics showed…