Forex News
Rupee slips to record low of 88.36 vs USD; likely RBI intervention caps losses
Rupee off day's high as importer dollar demand wipes out most gains- Dollar under pressure as traders return after Labor Day break
- Rupee recovers from record low to end flat after likely RBI intervention
- Rupee slides to all-time low on surge in hedging, speculative bets
- Dollar drifts as investors await US labour market indicators
- Dollar headed for monthly drop on rate cut wagers
- Rupee rises 6 paise to close at 87.63 against US dollar
- Dollar on defensive as September Fed cut bets ramp up
Dollar drops after Trump fires Fed's Cook
The U.S. dollar weakened after President Trump removed Fed Governor Lisa Cook, citing mortgage fraud allegations, raising concerns about the Fed's independence. This move intensified worries about political influence on monetary policy, impacting Treasury yields. Other currencies like the euro and yuan saw gains amidst political developments and stock market rallies.
India rupee slips for fourth session on tariff anxiety, importer bids
The Indian rupee gave up early gains to end lower on Monday as concerns over steep tariffs on Indian goods spurred dollar demand, with importer bids adding pressure.
Dollar struggles to recover from dovish Powell gut punch
The US dollar is trying to recover after a fall. This happened after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts. Traders are expecting a rate cut in September. Donald Trump's criticism of the Fed is adding pressure. Upcoming data releases will be important. These include inflation figures and payroll data.
Currencies tread with caution ahead of Powell's speech
The U.S. dollar is holding steady, anticipating Federal Reserve Chair Jerome Powell's speech, which could influence near-term interest rates. Despite earlier hopes for rate cuts fueled by a weak jobs report, cautious comments from policymakers have tempered expectations. Market pricing indicates a 75% chance of a rate cut in September.
Dollar drifts as investors ponder Fed independence ahead of Powell speech
The U.S. dollar remained stable amidst concerns about President Trump's repeated criticism of the Federal Reserve, specifically targeting Governor Lisa Cook. Investors are closely watching Fed Chair Jerome Powell's upcoming speech for hints about potential rate cuts, especially after a weak jobs report.
Dollar grinds higher with Fed in focus in run-up to Jackson Hole
The dollar strengthened on Wednesday as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for signals on future monetary policy. Market participants are keenly watching for any indication of a potential pushback against anticipated rate cuts. Meanwhile, the Reserve Bank of New Zealand is expected to cut its cash rate.
Dollar bides time as markets brace for Ukraine summit
Amidst geopolitical tensions surrounding the Ukraine war, the U.S. dollar remained stable against major currencies as markets awaited outcomes from a White House summit. The dollar index saw a slight increase. Meanwhile, cryptocurrencies like Bitcoin and Ether experienced declines. Japanese stock markets surged to record highs, while the Australian dollar gained following positive consumer sentiment data.
RBI issues draft regulations on forex guarantees
The Reserve Bank of India is framing rules for foreign exchange guarantees. These rules impact Indian citizens involved in such guarantees. Individuals need RBI's approval to act as surety. Reporting of guarantees and any changes is mandatory within seven days. Late reporting attracts a fee. A three-year window is available for late fee payments.
Dollar slips as investors eye September Fed cut
The dollar weakened due to tame U.S. inflation data, increasing expectations of a Federal Reserve rate cut next month. President Trump's attempts to influence the Fed further undermined the currency. While investors are pricing in a high probability of a rate cut, some analysts advise caution, awaiting further economic data to solidify the outlook.
Dollar holds gains ahead of inflation data; Aussie awaits RBA
The U.S. dollar remained stable as markets awaited a crucial consumer inflation report, influencing expectations for potential Federal Reserve interest rate cuts. The Australian dollar held steady before the Reserve Bank of Australia's policy decision. Traders are closely watching inflation data for clues about the Fed's next move, especially concerning a possible rate cut in September.
Dollar steady before inflation report, US-China tariff deadline
The US dollar saw stability after losses. Markets are awaiting the US CPI report. Trade talks between the US and China are a key focus. A deadline looms for higher tariffs. Discussions involve chip policy. Nvidia and AMD may allocate revenue from China sales to the US government. Australia's central bank is expected to cut interest rates.
Trump's Fed pick, Bank of England's 'hawkish' cut weigh on dollar
The dollar faced pressure, nearing a weekly decline as Trump's Fed nominee fueled expectations of a dovish replacement for Powell. Sterling held gains after a divided Bank of England rate cut. Meanwhile, the euro gained ground amid optimism surrounding potential U.S.-Russia talks, influencing currency markets as investors monitor geopolitical developments.
Dollar drifts as investors await Fed governor replacement
The dollar remained rangebound as investors awaited President Trump's Federal Reserve Board nominee. U.S. services sector activity flatlined in July, highlighting the impact of tariffs. Despite this, the dollar's movements were muted, with traders hesitant to take positions before the Fed announcement.
Rupee opens weaker on rising trade tensions with US, avoids record low on likely RBI support
The Indian rupee faced pressure on Tuesday. This was due to renewed tariff threats from the U.S. However, the currency did not fall below its record low. The Reserve Bank of India likely intervened. This action helped to stabilize the rupee. The rupee opened weaker than the previous day. The non-deliverable forward market had suggested further weakening.
Dollar weakens as rate cut odds rise, tariff uncertainties linger
The U.S. dollar experienced fluctuations due to increasing expectations of Federal Reserve rate cuts and concerns over the economic consequences of recently imposed U.S. tariffs. Market unease was heightened by a weak jobs report and personnel changes at the Fed, leading to increased bets on rate cuts.
Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low
The dollar is having a great week against other currencies. This happened after US President Donald Trump announced new tariffs. The Japanese yen fell to a four-month low. The Canadian dollar also dipped. The euro remained low due to trade issues with Washington. Despite Trump's criticism of Federal Reserve Chair Jerome Powell, the dollar stayed strong.
Dollar eyes first monthly gain for the year as Fed in no hurry to ease rates
The dollar neared a two-month high following the Federal Reserve's cautious stance on interest rate cuts, bolstered by a resilient U.S. economy and easing tariff concerns. Fed Chair Powell's remarks reinforced the dollar's strength, while the euro and sterling weakened, both on track for monthly losses. South Korea recently reached a trade agreement with the U.S.
Rupee falls 18 paise to 86.88 against US dollar in early trade
The Indian Rupee weakened against the US dollar in early trading. This decline occurred due to month-end dollar demand and continuous foreign fund outflows. Importers' demand for dollars kept the American currency strong. Domestic equities showed a muted trend. Foreign fund outflows further impacted investor sentiment. Brent crude oil prices saw a slight increase.
Euro under pressure as US-EU trade deal fails to impress
The euro faced challenges following the U.S.-European Union trade agreement. France criticized the deal, and Germany anticipated economic harm. The euro weakened, strengthening the dollar. Trade talks between the U.S. and China occurred in Stockholm. Investors are awaiting rate decisions from the Federal Reserve and the Bank of Japan. These events are shaping the global economic landscape.
Indian Rupee slips but sidesteps firmer dollar as flows dominate price-action
The Indian rupee weakened on Monday. Importers' demand for dollars at month-end put pressure on the currency. However, the rupee mostly avoided the impact of a stronger dollar. This was due to a lack of significant outflows. Investors are awaiting U.S. economic data and the Federal Reserve's policy decision. European equities rose, and the euro declined following a U.S.
Rupee rises 9 paise to 86.43 against US dollar in early trade
On Monday, the rupee strengthened by 9 paise, reaching 86.43 against the US dollar, buoyed by a weaker greenback. However, ongoing US-India tariff negotiations and continuous dollar demand from importers limited the rupee's gains. Brent crude oil prices rose due to developing trade agreements, while investors awaited the US Federal Reserve's policy meeting.
Indian rupee falls 19 paise to 86.59 against US dollar in early trade
The Indian Rupee weakened against the US dollar in early trading. Domestic stocks showed a negative trend. Foreign funds flowed out, impacting investor sentiment. The dollar index rose following strong labor market data. Brent crude oil prices increased due to developing trade agreements. Uncertainty surrounding the India-US trade deal continues to affect the forex market.
Dollar heads for biggest weekly drop in a month as focus shifts to Fed, BOJ meets
The dollar remained stable near its lowest point in two weeks. Investors are closely watching US tariff talks. Central bank meetings next week are crucial for policy insights. The Bank of Japan may hint at future rate hikes. Trade progress boosts market optimism. Trump's visit to the Fed caused little market reaction.
Rupee rises 17 paise to 86.24 against US dollar in early trade
The rupee strengthened to 86.24 against the US dollar due to the American currency's weakness, though uncertainty surrounding the India-US trade deal and negative domestic equity trends limited gains. Foreign fund outflows further dampened investor sentiment. The rupee's movement is also influenced by global trade deal developments and crude oil prices, with analysts predicting a range-bound trading pattern.
Yen, euro lifted by progress on trade
The euro is nearing a four-year high, while the yen has strengthened due to progress in US trade deals with the EU and Japan, boosting market confidence. These agreements have reduced the risk of trade retaliation, positively impacting risk sentiment. Despite domestic political uncertainty surrounding Prime Minister Ishiba, Japan's trade deal has fueled stock gains.
Indian rupee dips but firmer yuan, exporter dollar sales cushion losses
The Indian rupee weakened slightly, closing at 86.4075 against the U.S. dollar, supported by a strong Chinese yuan and exporter activity. Positive regional cues and gains in Indian equity markets, mirroring global optimism about easing trade tensions, helped limit the rupee's losses. However, stalled trade negotiations and foreign portfolio outflows continue to exert downward pressure on the currency.
Rupee falls 2 paise to 86.40 against US dollar in early trade
The rupee weakened to 86.40 against the US dollar due to foreign fund outflows and rising crude oil prices, despite positive domestic equity market sentiment. The dollar strengthened following a US-Japan trade deal, while investors await the outcome of India-US trade talks amid concerns about potential tariff hikes for Indian exporters. Sensex and Nifty saw gains, but FIIs offloaded equities.
Dollar holds losses against yen after Trump announces Japan trade deal
The dollar weakened against the yen after President Trump announced a trade deal with Japan, involving a $550 billion investment into the U.S. and a 15% tariff on U.S. imports from Japan. Despite uncertainty over global tariffs, currencies traded in a tight range. Concerns about Federal Reserve independence also weighed on investors' minds.
Indian rupee rises 5 paise to 86.26 against US dollar in early trade
The rupee appreciated slightly to 86.26 against the US dollar amid positive domestic equity trends, while uncertainty surrounding global tariffs continues to weigh on the forex market. Investors are closely monitoring India-US trade talks, especially with the looming August 1 deadline for potential tariffs on Indian exports.
Dollar indecisive as investors await more tariff clarity
The dollar remained steady amidst trade talk uncertainties ahead of the August 1st deadline, while the yen stabilized after Japan's upper house election. Focus shifts to Japan-U.S. trade negotiations and Prime Minister Ishiba's leadership. Concerns linger over potential tariffs and the Federal Reserve's independence, influencing currency movements.
Rupee falls 20 paise to 86.36 against US dollar in early trade
The Indian rupee weakened to 86.36 against the US dollar due to a strong American currency and declining domestic equities. The breach of the 86.00 level accelerated the rupee's fall, influenced by a recovering dollar index. Market participants are closely watching India-US trade talks, with potential tariffs on Indian exports looming, impacting the rupee's trajectory.
Yen firms as investors gird for political uncertainty
The Japanese yen saw gains after the ruling coalition lost its upper house majority. Investors are concerned about policy issues and market instability. This comes before tariff talks with the United States. Prime Minister Shigeru Ishiba's party did not secure enough seats. The yen strengthened against the dollar and euro. Political uncertainty could lead to foreign investors selling Japanese assets.
Dollar set for weekly gain as firm US data tempers Fed easing bets
The dollar is poised for a second consecutive weekly gain against major currencies, bolstered by strong U.S. economic data, suggesting the Federal Reserve may delay further rate cuts. Meanwhile, the yen remains weak ahead of Japanese elections, potentially impacting trade negotiations with the U.S.
Dollar on shaky ground as markets fret about Fed independence
The dollar experienced fragility amidst concerns that President Trump might dismiss Federal Reserve Chair Jerome Powell, impacting U.S. market confidence. Trump denied immediate plans but kept the option open, criticizing Powell's interest rate policies. Investors fear undermining the Fed's independence, potentially weakening the dollar.
Rupee falls 22 paise to 85.98 against US dollar in early trade
The Indian rupee weakened against the US dollar. This happened because global crude oil prices increased. Also, India's exports and imports decreased, suggesting the economy is slowing down. Foreign investors buying Indian stocks helped prevent a bigger fall in the rupee's value. Brent crude oil prices rose slightly. Indian stock markets experienced a decline.
Dollar rides Treasury yields higher as Trump's tariffs begin to bite
The U.S. dollar strengthened as Treasury yields climbed following a U.S. inflation report indicating that tariffs are impacting prices, particularly on imported goods. This development led investors to reduce expectations for Federal Reserve interest rate cuts, pushing the dollar to a four-month high against the yen.
