The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause. The US stated that it will decide whether to attack Iran directly in the next two weeks. This week, the Fed left interest rates steady and warned of upside inflation risks. The Indian Rupee (INR)…
Bullion rallies to five-week high amid geopolitical tension and dovish Fed outlook Israel strikes Iran, fueling fears of broader war and driving flight to safety into Gold. XAU/USD hits $3,446 before easing on profit-taking; eyes next week’s Fed decision and US data slate. Gold price rallied for the third consecutive day after the Israel-Iran conflict…
The Canadian Dollar firmed up on Friday, but Greenback flows rallied harder, driving a rebound in USD/CAD. US NFP net job gains came in stronger than expected, overshadowing Canadian job numbers. Key post-tariff US CPI inflation figures loom large next week; Canadian data docket runs out of gas. The Canadian Dollar (CAD) saw firm gains…
Euro failed to capitalize on upbeat GDP and retail sales; ECB rate cut seen as nearing its limit. The US economy added 139K jobs in May, the second-highest in 2025, with the jobless rate steady at 4.2%. Hot labor data boosted US Dollar and Treasury yields, dampening Fed rate cut hopes. EUR/USD trip down extends…
The Australian Dollar holds gains, potentially driven by a productive phone call between Donald Trump and Xi Jinping. President Trump described the call as productive, and negotiations on tariffs are set to continue. US Nonfarm Payrolls could have added 130,000 jobs in May, meanwhile, the Unemployment Rate is expected to hold steady at 4.2%. The…
The Canadian Dollar found a new eight-month peak against the US Dollar on Wednesday. The BoC held rates steady at its latest interest rate decision, giving the Loonie a boost. Global markets await the next episode in Donald Trump’s tariff and trade wars, limiting Greenback flows. The Canadian Dollar caught a rally on Wednesday, bolstered…
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in…
The Pound Sterling recovers to 1.3470 against the US Dollar as investors reassess the impact of the US court’s decision against tariffs. The US court ruled out Trump’s tariff policy, citing it as a violation of constitutional limits. The IMF has slightly raised its forecast for UK GDP growth for the year to 1.2% The…
Gold retreats after earlier bounce to $3,325; sellers return as yields and US Dollar regain footing. Fed Minutes eyed for clarity; dovish surprise could reignite Bullion’s stalled rally. Goldman Sachs urges higher Gold allocation amid geopolitical risks and central bank demand. Gold price extended its losses during the North American session on Wednesday after hitting…
Indian Rupee edges lower in Wednesday’s early Asian session. MSCI-driven outflows weigh on the INR, but lower crude oil prices and a weaker US Dollar might cap its downside. Traders will closely monitor the FOMC Minutes, which will be released later on Wednesday. The Indian Rupee (INR) weakens on Wednesday. Foreign outflows worth $900 million…