Forex News
Dollar drifts as investors await Fed governor replacement
Dollar strong as Trump imposes new tariff rates; yen sinks to four-month low- Dollar eyes first monthly gain for the year as Fed in no hurry to ease rates
- Rupee falls 18 paise to 86.88 against US dollar in early trade
- Euro under pressure as US-EU trade deal fails to impress
- Indian Rupee slips but sidesteps firmer dollar as flows dominate price-action
- Rupee rises 9 paise to 86.43 against US dollar in early trade
- Indian rupee falls 19 paise to 86.59 against US dollar in early trade
- Dollar heads for biggest weekly drop in a month as focus shifts to Fed, BOJ meets
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.
Rupee creeps higher alongside most Asian peers; US CPI print in focus
The Indian rupee saw a slight increase on Tuesday, mirroring gains in Asian markets, as the dollar weakened ahead of crucial U.S. inflation data. The rupee closed at 85.81 against the dollar, a 0.2% rise. A narrower-than-expected merchandise trade deficit in June also supported the rupee. Market participants are closely watching U.S.
Dollar holds near three-week high before CPI data; Bitcoin hovers above $120,000
The dollar is near a three-week high as traders await U.S. inflation data, crucial for gauging the Federal Reserve's monetary policy path amid potential leadership changes. Elevated Treasury yields and Trump's criticism of Powell are also influencing the currency. Meanwhile, the Aussie dollar dipped ahead of China's GDP report, with concerns about economic slowdown impacting its value.
Rupee declines 17 paise to 85.97 against US dollar in early trade
The rupee weakened to 85.97 against the US dollar due to a stronger greenback and continuous foreign fund outflows. Uncertainties surrounding potential US trade tariffs added pressure. Forex reserves declined, and domestic equity markets also experienced a downturn, with the Sensex and Nifty both falling.
Euro eases after Trump threatens 30% tariffs on EU
Euro weakened following Donald Trump's tariff threat. Mexican peso also faced pressure. Trump proposed 30% tariff on imports from key trade partners. European Union and Mexico criticized the tariffs. Market reaction was muted initially. Investors await U.S. inflation data and Chinese GDP figures. Federal Reserve Chair Jerome Powell's position is also under scrutiny. Trade tensions continue to influence market sentiment.
Rupee falls 19 paise to 85.89 against US dollar in early trade
The rupee weakened to 85.89 against the US dollar following Trump's announcement of tariffs on Canada, impacting investor confidence. Concerns over potential widespread tariffs on other trade partners, including the EU, further fueled market unease. Despite this, India is actively pursuing trade negotiations with the US, aiming to finalize an initial agreement by the fall.
Dollar rises, loonie falls as Trump announces new tariffs
The U.S. dollar strengthened on Friday following President Trump's announcement of new tariffs and potential blanket levies on trade partners, creating uncertainty in global markets. The Canadian dollar suffered significantly after a 35% tariff on Canadian goods was declared, while the euro, Australian dollar, and sterling also declined.
Dollar catches breath, Brazil real slides on tariff threat; bitcoin near record high
The U.S. dollar weakened following President Trump's tariff announcements, which primarily impacted Brazil, causing its currency to plunge. Despite this, global markets showed a preference for riskier assets, evidenced by Nvidia's valuation milestone and Bitcoin's surge. Anticipation of Federal Reserve interest rate cuts further bolstered market sentiment, while trade negotiations with India and the EU remain in focus.
Rupee falls 17 paise to 85.90 against US dollar in early trade
The Indian rupee weakened to 85.90 against the US dollar due to a stronger greenback and cautious domestic equity market sentiment. Easing global crude oil prices limited further rupee depreciation, despite initial concerns from Red Sea shipping lane attacks. The rupee's movement also reflected disappointment over the lack of a US-India trade deal announcement.
Dollar gains against yen as Trump's trade war intensifies
The dollar strengthened against the yen for the third consecutive day following President Trump's announcement of tariffs on Japan and other trade partners. Trump hinted at further trade-related announcements, impacting currency values. Negotiations between the U.S. and Japan remain stalled, particularly concerning Japan's rice market protections.
Rupee rises 22 paise to 85.72 against US dollar in early trade
The rupee strengthened to 85.72 against the US dollar, a 22 paise gain, fueled by lower global crude oil prices and a weaker dollar. Positive FII inflows and a rising domestic equity market, with the Sensex up 85.39 points, further bolstered the rupee.
Rupee falls 26 paise to 85.66 against US dollar in early trade
The rupee weakened to 85.66 against the US dollar due to FII outflows and weak equity market performance. Pressure mounted as the US threatened higher tariffs, though a weaker dollar and lower crude oil prices limited losses. Forex reserves increased, but concerns over Trump's tariff policies and their impact on economic growth weighed on the dollar.
Dollar pinned near multi-year lows as Trump tariff deadline looms
The U.S. dollar is near its lowest against the euro since 2021. It is also weak against the Swiss franc since 2015. Traders are watching for trade news before Donald Trump's tariff deadline. Most U.S. trade partners may face higher duties. Only Britain, China, and Vietnam have trade deals with the U.S.
Dollar holds firm against euro, yen as US trade pressure mounts
The dollar strengthened following President Trump's tax cut bill approval and growing pressure for U.S. trade deals. A robust U.S. jobs report diminished expectations of imminent Federal Reserve rate cuts, boosting the greenback from previous lows against the euro and pound. Attention now shifts to potential tariffs on countries without U.S.
Rupee falls 8 paise to 85.70 against US dollar in early trade
The rupee weakened to 85.70 against the dollar due to global risk factors and continuous foreign fund outflows. The RBI's dollar buying strategy to manage maturities and rebuild reserves limited rupee gains. Traders are awaiting US trade deal updates and NFPR data, while rising Brent crude prices pose a threat to India's trade balance, further pressuring the rupee.
Dollar drifts as traders hunker down for US payrolls
The dollar experienced volatility following a U.S.-Vietnam trade agreement, raising hopes for further deals before the July 9 tariff deadline. Investors are keenly awaiting payroll data to gauge the Federal Reserve's next moves. Meanwhile, the pound rebounded slightly after concerns arose about Britain's finances. Attention is also focused on the U.S.
Rupee slips, volatility expectations unruffled by looming tariff deadline
The Indian rupee weakened against the U.S. dollar due to a stronger dollar and anticipation of U.S. economic data. Investors are closely monitoring trade deal prospects ahead of a July 9 deadline. Despite the deadline, rupee volatility remains subdued, with analysts expecting it to remain rangebound over the next year, trailing other Asian currencies.
Rupee falls 4 paise to 85.63 against US dollar in early trade
The Indian Rupee slightly weakened against the US dollar. Investors are keenly watching the progress of the India-US trade negotiations. Both countries aim to finalize an interim trade agreement soon. Meanwhile, the dollar index saw a dip. Brent crude prices experienced a marginal increase. Indian stock markets showed mixed performance. Foreign investors were net sellers of Indian equities.
Dollar wallows near 3-1/2-year low as Fed cuts, Trump bill in focus
The US dollar is near its lowest since February 2022. Federal Reserve Chair Jerome Powell hinted at possible rate cuts. Donald Trump's spending bill could increase national debt. Trump criticized Powell's monetary policy. The dollar held steady against the Swiss franc. The euro remained flat. Sterling rose slightly. The dollar gained a bit against the yen.
Dollar feeble as Trump's tax bill and tariffs weigh
The US dollar weakened against the euro. Donald Trump's spending bill and trade uncertainty worried investors. Investors anticipated Federal Reserve policy easing. The euro reached a near four-year high. The yen also gained. Concerns arose over Trump's tax-cut bill and the national debt. Trump pressured the Fed to lower interest rates.
Rupee ends month and quarter a tad lower, trails most Asian peers
The Indian rupee concluded the month and quarter slightly lower at 85.7550 against the U.S. dollar, underperforming most Asian currencies amid subdued portfolio inflows and a significant external investment deficit. While other Asian currencies have seen substantial gains this year, the rupee has remained relatively stagnant.
Rupee rises 6 paise to 85.44 against US dollar in early trade
The rupee strengthened to 85.44 against the US dollar due to a weaker American currency and lower crude oil prices, influenced by potential OPEC+ supply increases and eased Middle East tensions. Investor risk sentiment improved, while domestic equity markets saw a decline. India's forex reserves decreased by USD 1.01 billion.
Dollar droops as optimism over US trade deals boost Fed easing bets
The dollar weakened against the euro, hitting near four-year lows. Optimism around U.S. trade deals increased bets for Federal Reserve rate cuts. The greenback also fell against the sterling and Swiss franc. Investors are closely watching U.S. payroll data and Trump's tax-cut bill. Trade developments will likely drive the dollar's performance this week. The Australian dollar saw a slight increase.
Rupee rises 23 paise to 85.49 against US dollar in early trade
The rupee strengthened to 85.49 against the US dollar, propelled by robust foreign fund inflows and positive domestic market sentiment. Gains were tempered by rising crude oil prices and a stronger dollar. FIIs invested heavily in Indian equities. Forex experts predict a trading range of 85.35-85.95, influenced by oil outflows and potential RBI/FPI activity.
Rupee hits two-week high as Fed credibility worries compound dollar's troubles
The Indian rupee surged to a two-week high, fueled by a weakening dollar amid concerns about the U.S. Federal Reserve's independence. A potential early appointment of a Fed Chair by President Trump raised worries. Dollar sales from foreign banks and increased bets on a July Fed rate cut further supported the rupee's rise.
Rupee rises 21 paise to 85.87 against US dollar in early trade
The rupee strengthened to 85.87 against the US dollar due to a weaker greenback, though gains were limited by rising crude oil prices and FII outflows. A potential early announcement of Jerome Powell's successor influenced dollar weakness. The domestic equity market saw gains, while foreign institutional investors continued to offload equities.
