RBI intervention drives rupee's best week in 19 months

RBI intervention drives rupee's best week in 19 months
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RBI intervention drives rupee's best week in 19 months
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The USD/CAD outlook suggests growing concerns about the US labor market. Private employment in the US increased by 54,000 in August. The Fed will likely be more dovish than the Bank of Canada in the future. The USD/CAD outlook suggests growing concerns about the US labor market, which is driving up expectations for a Fed…
Exclusive-South Korea’s $350 billion US investment unlikely to kick off in first half, Finance Minister says Source link
The US dollar has stabilized in recent weeks, yet mounting evidence suggests potential weakness could resurface in the months to come. While inflation data has edged slightly higher, the labor market presents a balanced outlook, with businesses maintaining a steady pace without notable expansions or layoffs. This dynamic has bolstered expectations that the Federal Reserve…
Following a nervous session last night, the EUR/USD pair is trading near 1.0285 on Thursday morning. The market is now stabilising. Key developments influencing EUR/USD US inflation data showed moderate growth, aligning with expectations. As forecast, the Consumer Price Index (CPI) rose by 0.4% m/m in December, maintaining an annualised rate of 2.9% y/y. Core…
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two highly popular trading platforms in the financial markets. MT4 was initially developed for forex trading and quickly gained popularity in the financial world. This platform enables traders to write trading algorithms using the MQL4 vs MQL5 programming language, and many traders have benefited from its simple…
Christian Norman Financial Writer Christian Norman is a Financial Writer for OANDA, offering market commentary on both a technical and fundamental basis. With years of experience as a trader, his passion for market technicals helps guide his analysis across a broad range of asset classes and instruments. Christian Norman is a Financial Writer for OANDA,…