India's FX reserves halt 7-week losing spree as rupee pressure eases

At the end of Tuesday, the Dow Jones Index (US30) fell by 0.29%. The S&P 500 Index (US500) was down 0.29%. The NASDAQ Technology Index (US100) closed negative 0.17%. Higher bond yields on Tuesday contributed to some profit-taking in equities after five consecutive sessions of gains. In addition, the liquidation of long positions in equities…

Commodity-linked currencies are trading near key levels, showing restrained price action as market participants adopt a wait-and-see approach. The fundamental backdrop is shaped by expectations surrounding the release of Australia’s inflation data and the Bank of Canada’s interest rate decision, followed by a press conference. These events are viewed as key drivers for the respective…

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European currencies continue to weaken against the US dollar amid rising geopolitical tensions and increased demand for safe-haven and liquid assets. Market participants are reducing exposure to riskier instruments, putting pressure on both the euro and the pound. Additional support for the dollar comes from expectations surrounding upcoming US macroeconomic data, which may confirm economic…