The USD/INR pair ended Wednesday’s session with modest gains around 90.55. On Thursday, Indian stocks, commodity, and currency markets are closed due to the Mumbai Municipal elections. The pair is expected to start Friday’s session on a cautious note as the Indian Rupee (INR) is expected to attract slight bids due to a sharp correction in the […]
The South Korean won weakened to around 1,471 per dollar, reversing gains from the previous session, as the Bank of Korea held its benchmark interest rate unchanged. The decision underscored that concerns over a weak won and exchange-rate volatility are limiting room for further policy easing, even as growth remains uneven. The stance helped curb […]
USD/CHF breaks its four-day winning streak, trading around 0.7990 during the Asian hours on Monday. The pair loses as the Swiss Franc (CHF) receives support from safe-haven demand amid increased geopolitical tensions. US President Donald Trump warned Tehran against using force on demonstrators and signaled possible action if the crackdown intensifies, while Iranian officials cautioned […]
The USD/CAD pair falls after failing to extend the nine-day winning streak on Monday. The Loonie pair corrects to near 1.3890 during the day as the US Dollar (USD) retraces, following criminal charges against Federal Reserve (Fed) Chair Jerome Powell. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades […]
The Australian Dollar (AUD) rises against the US Dollar (USD) on Monday, following three days of losses. The AUD/USD pair advances as the Greenback weakens, potentially amid concerns surrounding the Federal Reserve. Federal prosecutors have opened a criminal investigation into Fed Chair Jerome Powell regarding the central bank’s renovation of its Washington headquarters and whether Powell lied to […]
The EUR/USD pair edges higher to near 1.1655 during the early European session on Monday. The US Dollar (USD) softens against the Euro (EUR) amid renewed concerns over US Federal Reserve (Fed) independence. Traders await the US Consumer Price Index (CPI) inflation report on Tuesday. Fed Chair Jerome Powell said in a statement that the US Justice Department has threatened criminal charges […]
The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) at the start of the week. The USD/INR pair trades firmly near the weekly high of 90.66 as the Indian Rupee underperforms due to rising oil prices and the continued outflow of foreign funds from the Indian stock market. Currencies from economies that […]
The South Korean won weakened to around 1,460 per dollar on Monday, extending losses near a three-week low, as markets remained cautious ahead of the Bank of Korea’s policy decision. With the central bank widely expected to hold rates steady this week, policymakers’ constraints from exchange-rate volatility and elevated housing prices leave little scope for […]
The offshore yuan strengthened to around 6.97 per dollar, near thirty-two-month highs, as confidence in the currency continued to build alongside falling hedging costs. One-year forward contracts now allow investors to lock in settlement rates below the current spot level, marking the lowest implied costs since 2022. Data also show a pickup in forward settlement […]
The EUR/CAD pair oscillates in a range around mid-1.6100s through the early European session on Friday, though it seems to have stalled the previous day’s modest pullback from over a three-week high. Spot prices, however, lack any firm intraday direction as traders opt to wait for the release of Canadian monthly employment details before placing […]