After a prolonged bearish streak, the USD/INR currency pair finally turned green, sparking hopes of a technical rebound. With the pair bouncing off critical support near ₹85.50, traders are watching closely for signs of sustained recovery. Fundamental Overview: What’s Driving the USD/INR Recovery? The Indian rupee had strengthened aggressively recently, pushing USD/INR to multi-week lows….
The USDINR currency pair was down on Monday, extending its decline to the eighth session out of the last ten. The currency pair hit a year-to-date low of 85.48, driven by recovery of the Indian equities markets, underlined by increased foreign inflows. In addition, the latest macroeconomic data from India added support to the ruppee….
USDJPY was up for the second successive session on Friday as traders continued to bet on the dollar following Wednesday’s Fed interest rate decision. The pair was up by 0.1% to trade at 148.97 at the time of writing, and stay on course to register its first successive weekly gain in 2025. Nonetheless, the Japanese…
The USD/INR exchange rate surged to a three-week high, maintaining strength after the Fed Reserve left interest rates unchanged. The decision reinforced the dollar’s dominance, keeping pressure on the Indian Rupee. As markets digest the Fed’s stance, traders are closely monitoring key support and resistance levels to gauge the next move in USD/INR price action….
The US dollar gained against the Japanese yen for the fourth successive session on Wednesday, with the latest gain driven by interest rate decisions by the Bank of Japan (BoJ) and the Federal Reserve. The USDJPY currency pair traded at 149.95, up by 0.4% on the day. That brought its gains in the last five…
EUR/USD has rebounded sharply, climbing above the 1.09 mark as dollar weakness fuels renewed upside momentum. The move comes after the pair bottomed near 1.04 earlier this year, signalling a potential shift in market sentiment. The question now: Can this rally be sustained, or will the euro face resistance at key levels? Key Drivers Behind…
USDJPY inched up on Monday, gaining 0.1% to trade at 148.85 during the Asian session. The currency pair rose by 1% in the last five trading sessions supported by a resurgence in US Treasury bond yields. However, the Japanese yen is likely to hold off aggressive gains by the greenback. Despite recent gains by the…
The US dollar gained ground against the Japanese yen on Friday, as Japan’s wage dynamics weighed in. USDJPY traded at 148.30 at the time of writing, up by 0.3% on the daily chart, ensuring a continuation of the alternating pattern of weekly gains between the yen and the dollar. Japan’s labour unions managed to agree…
USDINR inched up on Wednesday, trading at 87.20 after gaining 0.05% at the time of writing. The Indian rupee is under pressure on increased import demand for the dollar and high foreign institutional outflows from equities markets. Meanwhile, the US dollar is holding up but its upside is limited by concerns over the trajectory of…
What Is A Forex Broker? An FX broker is a type of financial service provider that facilitates trades in foreign currency. Foreign exchange/FX/forex, is simply buying and selling different currencies. Traders depend on brokers to access the FX market, place orders, and keep tabs on their trades. Essentially, brokers facilitate transactions between market participants, bringing together buyers and sellers. The…
