The US Dollar Index edges lower, testing a fresh low for this week. Traders are starting to get nervous on the duration before an initial trade deal can be announced. The US Dollar Index remains capped below 100.00, still stuck in a wait-and-see range. The US Dollar Index (DXY), which tracks the performance of the…
Indian Rupee may regain its ground due to expected progress on a US-India trade agreement. USD/INR appreciates due to importer hedging demand and potential RBI dollar-buying interventions. The INR struggles due to improved crude oil prices, driven by OPEC+’s decision to ramp up production more quickly. The Indian Rupee (INR) edges lower against the US…
US President Donald Trump said late Sunday that he is authorizing the US Trade Representative and the Commerce Department to begin the process of imposing a 100% tariff on imports of foreign-produced movies. Market reaction At the time of press, the US Dollar Index (DXY) was down 0.05% on the day at 99.98. Tariffs FAQs Tariffs…
Gold price remains on the defensive near $3,235 in Friday’s early Asian session. De-escalation in the global trade conflict continues to undermine the Gold price. Traders brace for the US April employment report, which is due later on Friday. The Gold price (XAU/USD) edges lower to a two-week low near $3,235 during the early Asian…
The ISM Manufacturing PMI remained in contraction territory below 50 in April. US Dollar Index stays in positive territory near 100.00 after the data. The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March….
Indian Rupee softens in Wednesday’s Asian trading hours. Heightened tensions between India and Pakistan weigh on the INR. Traders await the US ADP Employment Change, PCE inflation and flash Q1 GDP report later on Wednesday. The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in…
NZD/USD edges lower to near 0.5950 in Monday’s Asian session. China announced further measures to boost economic growth and employment. The RBNZ is expected to cut its 3.5% OCR by 25 bps in the May meeting. The NZD/USD pair softens to around 0.5950 during the Asian trading hours on Monday, pressured by the renewed US Dollar (USD)…
The Australian Dollar gains ground as China is weighing the suspension of its 125% tariff on certain US imports. Market sentiment was mixed after reports suggested the Trump administration could consider reducing tariffs on Chinese imports. China’s Finance Ministry noted that global economic growth continues to face headwinds, with trade and tariff disputes. The Australian…
The United States told Japan that it cannot give Japan special treatment regarding tariffs during talks held earlier this month, NHK said citing multiple Japanese governments. Additionally, Treasury Secretary Scott Bessent stated on Wednesday that the US does not have specific currency targets in mind as part of bilateral trade talks with Japan. This comment…
The Australian Dollar rose as investor sentiment wavered following renewed criticism from President Trump targeting Fed Chair Powell. White House’s Hassett stated that Trump is considering his authority to remove Powell from his position. China continues to stand against Trump’s hardline tariff approach, adding to global market uncertainty. The Australian Dollar (AUD) extends its gains…