The Japanese yen depreciated toward 154.5 per dollar on Tuesday, nearing nine-month lows as optimism over a potential US government reopening reduced safe-haven demand. Japan’s economic revitalization minister, Minoru Kiuchi, warned that the weaker yen could push up consumer prices through higher import costs, calling for close monitoring. A draft of Prime Minister Sanae Takaichi’s […]
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Kiwi Dollar Hovers Close to 7-Month Low
The New Zealand dollar traded around $0.564, near its lowest level since early April, as a subdued inflation outlook added to expectations of further monetary easing. Business inflation expectations showed two-year projections, the key policy horizon, unchanged at 2.28%, while one-year expectations edged up slightly to 2.39%, within the RBNZ’s 1%–3% target range, suggesting price […]
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Indian Rupee Stays Sideways
The Indian rupee was little changed around 88.7 per USD, trading in a sideways range, as upbeat comments from US President Trump on a potential India-US trade deal offered limited support. Trump said the US is close to a deal that would deepen economic and security ties and eventually lower tariffs on Indian goods. However, […]
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Chart of The Day – USD/CAD
The USD/CAD pair is attracting market attention today, showing noticeable volatility. Currently, the pair is trading around 1.4013, reflecting the Canadian dollar’s strengthening against the US dollar in recent days. Fluctuations in this pair mirror the current sentiment in both countries’ economies as well as developments in global markets. The exchange rate dynamics result from a […]
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EUR/USD falls to near 1.1550 as US government shutdown nears resolution
EUR/USD depreciates after three days of losses, trading around 1.1550 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) receives support after Bloomberg reported the record-breaking US government shutdown is nearing an end. A group of centrist Senate Democrats agreed to support a deal to reopen the government and […]
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USD/CAD trades lower to near 1.4030 amid talks to end US federal shutdown
The USD/CAD pair trades 0.12% lower to near 1.4030 during the Asian trading session on Monday. The Loonie pair faces selling pressure as the Canadian Dollar (CAD) broadly outperforms its peers, except antipodeans, following the release of the upbeat Canada labour market data for October on Friday. Canadian Dollar Price Today The table below shows the percentage […]
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USD/INR flattens ahead of US Senate vote on federal reopening
The Indian Rupee (INR) trades flat against the US Dollar (USD) at open on Monday. The USD/INR pair consolidates around 88.80 as the US Dollar (USD) trades calmly on hopes that the United States (US) government shutdown will end soon. At the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major […]
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Offshore Yuan Steady Amid Strong Inflation Data
The offshore yuan remained around 7.12 per dollar, trading in a sideways range as weekend data showed consumer prices in China unexpectedly rose 0.2% in October, rebounding from a 0.3% decline in September and defying forecasts for no change. Producer prices fell 2.1% last month, the softest decrease in 14 months. Those figures followed trade […]
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Australian Dollar Gains on Hawkish RBA Comments
The Australian dollar climbed above $0.65, nearing one-week highs, after Reserve Bank of Australia Deputy Governor Andrew Hauser noted that monetary policy faces an unusual challenge and emphasized the need to keep policy tight to contain inflation. Hauser added that demand was “slightly” above potential when GDP growth accelerated last year, marking the tightest recovery […]
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Yen Weakens on Stimulus Expectations
The Japanese yen depreciated toward 154 per dollar on Monday, nearing nine-month lows amid expectations that the new administration will push for a massive stimulus package and support accommodative monetary policy. A draft outline of the plan indicated that Prime Minister Sanae Takaichi’s government will urge the central bank to prioritize strong economic growth alongside […]
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