The US dollar declined against the Japanese yen on Thursday as the latest US macroeconomic data neutralised Wednesday’s Fed minutes. The USDJPY pair traded at 144.44 at the time of writing, down by 0.26% on the daily chart. In addition, a federal court ruling against President Donald Trump’s reciprocal trade tariffs initially boosted the dollar,…
The indian rupee, after reaching a two-week high in the previous session, is now trading almost flat. However, the weak US dollar supports Asian currencies in gaining strength and could also provide support to the Indian currency. The decline in crude oil prices may also contribute to supporting the indian currency because India is the…
The US dollar continues to lose ground against the Japanese yen, with investors selling the greenback on elevated fears over the trajectory of the US economy. The USDJPY currency pair was down by 0.9% at the opening of the New York session- its largest daily drop in nearly a month to trade at 142.58 at…
Tuesday’s early European session, the Indian Rupee edges lower due to dovish bets for the RBI weighing on the USD/INR, however, the multi-phase US-China trade deal might cap the INR losses. According to the data released for the consumer inflation in India, which fell more than expected, this supports bets that the Reserve Bank of…
The main factor affecting the exchange price of the GBPINR is fundamentally the United Kingdom’s gross domestic product data. After the release of the United Kingdom GDP data, the GBP got a boost in response to the optimistic data. The government office reported that the economy grew strongly, by 0.7% in the first three months…
The EUR/USD pair has good support at 1.0945. which gives the EUR/USD the strength to keep going up and reach the 1.1200 level. The US dollar weakens against the euro after the release of the US April inflation data. The US-CPI index measured that the change in the consumer prices declined to 2.3% YOY in…
Today, Monday, May 15th, most of the asian currencies weakened as the US Dollar gained after Washington announced a trade deal with China. On the other hand, the indian rupee outperformed in response to the news of a ceasefire agreement with Pakistan. The US Dollar index rose 0.2% in the Asian session today, hovering near…
Investors are paying close attention to the U.S.-China trade discussions in Switzerland on Saturday. Additionally, this trade war between Washington and Beijing is a key mover for the downward revisions in the global economic growth, given the labor cost competitive advantage of China. While the US index today is quickly reversing as it trades near…
As we started today on May 7, 2025, with this news that India launched what it called “Operation Sindoor,” conducting missile strikes targeting what they claimed were terrorist infrastructure. Pakistan strongly condemned the strikes, calling them an act of war. This flaring up of the geopolitical issues affecting the pricing of the indian rupee led…
AUD/USD extended its upside momentum today, climbing above 0.6370, as the USD weakened across the board. The move marks a solid rebound from the sharp April dip, with the bulls now eyeing a break above the 0.6400 handle, a level that has capped several recent advances. Stronger Australian trade data and resilient commodity prices, both…
