The Indian Rupee (INR) opens close to Wednesday’s low around 88.60 against the US Dollar (USD) on Thursday. The USD/INR pair holds onto the previous day’s gains even as the US Dollar trades lower At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades lower to near […]
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30
Oct
Oct
Won Rises on Seoul–Washington Tariff Deal
The South Korean won appreciated to around 1,421 per dollar on Thursday, its highest level in two weeks, supported by growing market optimism following the finalization of the Seoul–Washington tariff deal. According to Kim Yong-beom, the presidential chief of staff for policy, the investment package will include $200 billion in cash installments and $150 billion […]
30
Oct
Oct
Yuan Holds Near 1-Year High on Trump-Xi Meeting
The offshore yuan traded around 7.09 per dollar on Thursday, holding near a one-year high as market sentiment remained upbeat on the back of the meeting between Presidents Donald Trump and Xi Jinping. The encounter marked the first between the two leaders since Trump’s return to office in January, with the pair exchanging handshakes on […]
29
Oct
Oct
EUR/USD slides as Fed delivers rate cut, signals end of QT
EUR/USD seesawed within the 1.1650-1.1635 range on Wednesday as the Federal Reserve (Fed) cut rates by 25 basis points, as expected, yet there were two dissenters at the meeting. At the time of writing, the pair trades volatile, as traders await the Fed Chair Jerome Powell’s press conference. Dollar swings as traders await Powell’s tone for clues on future […]
29
Oct
Oct
USD/CNH: Continued decline below 7.0860 is unlikely – UOB Group
US Dollar (USD) could test 7.0860; a continued decline below this level is unlikely. The next support at 7.0700 is also unlikely to come under threat. In the longer run, the price action suggests USD could drop below 7.0860; the next level to watch is 7.0770, UOB Group’s FX analysts Quek Ser Leang and Peter […]
29
Oct
Oct
EUR/USD fluctuates within previous ranges with all eyes on the Fed
EUR/USD retreats on Wednesday to snap a five-day rally, trading at 1.1640 at the time of writing, yet with downside attempts limited above the 1.1615 area. A somewhat firmer US Dollar, ahead of the Federal Reserve’s monetary policy decision due later today, is weighing on the pair. However, the positive risk sentiment policy is keeping Greenback […]
29
Oct
Oct
Chart of The Day – AUD/USD
AUDUSD gains 0.25% on the back of Australia’s strongest CPI inflation data in over a year, which reduces the likelihood of further rate cuts. Hawkish expectations toward the Reserve Bank of Australia (RBA), coupled with a broader risk-on sentiment and renewed optimism over a potential U.S.-China trade peace, are making the Australian dollar the best-performing G10 […]
29
Oct
Oct
Korean Won Strengthens on Trade Deal Signal
The South Korean won appreciated to 1,425 per USD, extending the rebound from the over six-month low of 1,440 touched on October 24th amid the stronger outlook for Korean export industries under signals of new trade deal with the US. US President Trump announced a likely new trade deal with Korea after meeting with President […]
29
Oct
Oct
South Korean Won Slips Amid APEC Summit
The South Korean won weakened to around 1,433 per dollar on Wednesday, extending losses for the second session as investors remained cautious amid the APEC summit talks in Gyeongju. Authorities maintain a neutral assessment of the prospects for progress, stating that the administration is “neither optimistic nor pessimistic”. Discussions are expected to concentrate on the […]
29
Oct
Oct
Offshore Yuan Hovers Near 1-Year High
The offshore yuan traded around 7.09 per dollar on Wednesday, hovering near a one-year high as optimism persisted ahead of the highly anticipated meeting between Presidents Donald Trump and Xi Jinping. Trump indicated that he expects to reduce fentanyl-related tariffs on China ahead of the meeting in South Korea later this week, following reports that […]
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