Forex News
Dollar set for weekly slide as trade, shutdown concerns weigh
Rupee recovers 75 paise from all-time low to close at 88.06 against US dollar- Rupee recovers 88 paise from its all-time closing low to 87.93 against US dollar in early trade
- Rupee closes flat, India-US trade engagements stay in focus
- Rupee falls 5 paise to 88.77 against US dollar in early trade
- Dollar steadies as markets focus on US-China trade tensions, politics
- Yen heads for sharpest weekly fall in a year as rate hike wagers recede
- Dollar set for best week in a year as yen struggles
- Rupee falls 3 paise to close at 88.80 against US dollar
Yen sinks as Takaichi win spurs bets of fiscal easing
The yen tumbled significantly against the U.S. dollar and euro after Sanae Takaichi won the LDP leadership election. Her victory signals an expansionary fiscal policy, complicating the Bank of Japan's task and reducing bets on interest rate hikes. This political shift is expected to lead to continued yen weakness.
Rupee caps rough week on a quiet note but pressure likely to persist
The Indian rupee closed slightly weaker on Friday, steadying just above its all-time low amid U.S.-India trade frictions and portfolio outflows. Despite frequent central bank interventions preventing steeper losses, the currency remained under pressure, with analysts forecasting further depreciation past 89.00 against the dollar.
Rupee logs best day in two weeks as dollar droops, RBI holds rates
The Indian rupee recorded its best day in two weeks, gaining 0.1% against the dollar after the Reserve Bank of India kept policy rates unchanged. Likely central bank intervention limited further depreciation, while the dollar broadly slipped due to a U.S. government shutdown. The RBI also signaled potential rate cuts and unveiled measures to boost bank lending.
Dollar on defensive as US government shutdown looms
The US dollar is near a one-week low. A government shutdown looms, potentially delaying jobs data. This delay impacts Federal Reserve interest rate cut expectations. The euro holds steady. The yen moves higher. Bank of Japan officials hint at possible rate hikes. Traders await central bank speeches for further direction.
Dollar on the defensive before data releases, risk of US government shutdown
The dollar faces pressure as US economic data approaches. A potential government shutdown looms, possibly delaying jobs reports. This uncertainty complicates Federal Reserve rate decisions. Investors seek more clues on the US economy. Other currencies show gains. Australia's central bank will announce its rate decision soon.
Dollar holds gains as attention turns to spending data for Fed clues
The dollar is strong because U.S. economic data is better than expected. This makes it less likely that the Federal Reserve will cut interest rates soon. The yen is weak after new tariffs from U.S. President Donald Trump. People are watching U.S. consumer spending data to see if the economy needs more help from the Fed.
Dollar stays strong as Fed rate cut wagers wobble, data in focus
The U.S. dollar remained stable as traders assessed the likelihood of gradual Fed easing, influenced by cautious policymaker remarks and awaited data reflecting tariff impacts. Uncertainty surrounding future easing has led to doubts about an imminent rate cut next month.
Dollar on defensive despite Powell's caution on further easing
The dollar weakened, nearing its lowest point in a week. Traders anticipate two more US interest rate cuts this year. This is despite Federal Reserve Chair Jerome Powell's cautious stance on further easing. The dollar index saw a drop this week. Market bets are on quarter-point rate cuts at the remaining Fed policy meetings.
Dollar pauses for breath with Fed speakers in focus
The U.S. dollar experienced pressure in early Asian trading. Traders analyzed Federal Reserve comments for interest rate clues. Market jitters increased due to Congressional funding talks and U.S. President Donald Trump's economic policies. The dollar remained stable against the yen. Argentina's peso strengthened. Other currencies like the Australian dollar and yuan saw slight changes.
Rupee ends choppy week on a quiet note, slight downward bias may persist
The Indian Rupee saw a volatile week, closing nearly unchanged on Friday. It initially rose to a two-week high before retreating. This happened as the dollar and U.S. bond yields increased despite a U.S. rate cut. The rupee is expected to trade between 87.50 and 88.50. Concerns about U.S. tariffs continue to weigh on the currency.
Dollar steady after rebound from 3-1/2-year low in post-Fed rollercoaster ride
The U.S. dollar experienced volatility following the Federal Reserve's rate cut and cautious outlook, initially plummeting before rebounding. The Fed's decision, characterized as risk management, led to uncertainty about future rate adjustments. Meanwhile, the Bank of England is expected to hold rates steady, while the Bank of Japan is anticipated to maintain its current policy.
Dollar holds soft tone on rate cut expectations, Powell comments
The U.S. dollar weakened against the euro and yen as markets anticipated a Federal Reserve interest rate cut. Traders have fully priced in a 25 basis point cut, with focus on Chair Powell's comments for future easing pace. The market is also watching to see if policymakers considered a larger 50 bps cut.
Dollar on back foot as traders eye series of Fed rate cuts
The dollar weakened against the euro, Aussie, and pound. Investors anticipate a Federal Reserve interest rate cut this week. Further rate reductions are expected. Donald Trump urged for aggressive monetary easing. Softening labour market data fueled these expectations. Wall Street reached new records. The euro, sterling, and Australian dollar held steady. The U.S. dollar remained flat against the yen.
Dollar on back foot as jobless claims firm up Fed rate cut views
The dollar faced pressure due to rising U.S. jobless claims, fueling expectations of Federal Reserve rate cuts. The dollar index declined, while Treasury yields edged up. Market anticipates a 25 bps rate cut. The Euro remained stable as traders adjusted bets on further ECB easing. The Australian dollar saw slight gains, while the yen remained steady after a U.S.
Dollar steady as inflation data and central banks take focus
The dollar stabilized as expectations grew for a Federal Reserve rate cut following a surprise drop in U.S. producer prices. Markets anticipate a rate cut, with attention on the size of the reduction and potential changes to the Fed's rate-setting panel. Elsewhere, the yen remained steady, while the euro rose ahead of the ECB meeting amid geopolitical tensions.
Dollar treads water ahead of inflation reports; US rate cut bets intact
The US dollar remained stable as investors awaited key inflation data. These reports will influence the Federal Reserve's interest rate decisions. A rate cut is expected at the upcoming policy meeting. The size of the cut depends on the impact of tariffs on prices. Globally, investors are monitoring political developments in Japan, France and Indonesia.
Rupee falls 3 paise to close at 88.12 against US dollar
The rupee weakened by 3 paise to close at 88.12 against the US dollar due to persistent foreign fund outflows and concerns over potential US tariffs on India. Global trade uncertainties and remarks from a White House trade advisor further pressured the rupee.
Dollar falls hits 7-week low as jobs gloom heightens Fed cut chances
The dollar weakened to a near seven-week low as investors anticipated revisions to U.S. jobs data, potentially indicating a weaker labor market and bolstering the case for Federal Reserve rate cuts. Economists foresee a significant downward revision in job numbers, possibly prompting the Fed to act more aggressively.
Yen slides after Japan PM Ishiba resigns
Ishiba on Sunday announced his resignation, ushering in a potentially lengthy period of policy uncertainty at a shaky moment for the world's fourth-largest economy.
Rupee slips to record low of 88.36 vs USD; likely RBI intervention caps losses
The Indian rupee plummeted to a record low of 88.36 against the U.S. dollar due to concerns over potential U.S. tariffs on India. The Reserve Bank of India likely intervened to curb further losses as foreign portfolio investors continued to withdraw from Indian equities. MUFG forecasts the rupee could weaken further to 89 by early 2026 if tariffs persist.
Dollar holds ground as bonds find footing, jobs data looms
The dollar steadied as bond markets recovered, awaiting crucial U.S. jobs data that could reinforce expectations of a Federal Reserve rate cut. Investors are cautiously optimistic, with many believing the dollar is currently undervalued and poised for a rebound after the anticipated rate cut. Meanwhile, the yen gained ground following details of a finalized U.S.
Dollar weak as cracks in US labour market spur rate cut bets
The U.S. dollar weakened amidst bond market volatility and concerns over a softening labor market, reinforcing expectations of a Federal Reserve rate cut this month. Weak job openings data and dovish Fed comments spurred a rally in Treasuries, pushing yields lower. Investors are also focused on rising bond yields globally, reflecting concerns about the fiscal health of major economies.
Rupee off day's high as importer dollar demand wipes out most gains
The Indian rupee ended marginally higher on Tuesday, but came off the day's high, as importer demand for the greenback wiped out recovery witnessed earlier in the session.
Dollar under pressure as traders return after Labor Day break
The U.S. dollar saw a slight recovery in Asian markets after a period of decline. Investors are watching U.S. economic data closely. This is to understand the impact of President Trump's policies. Gold prices are near record highs as investors seek safe havens. The euro experienced a slight dip. The Australian dollar paused after gains.
Rupee recovers from record low to end flat after likely RBI intervention
The Indian rupee recovered from its record low to end unchanged on Monday, helped by likely intervention from the Reserve Bank of India towards the later part of the session, according to traders.
Rupee slides to all-time low on surge in hedging, speculative bets
The Indian rupee plummeted to a record low against the U.S. dollar due to escalating concerns over increased U.S. tariffs on Indian goods. This move is expected to significantly impact India's export competitiveness, potentially widening the trade deficit and pressuring the current account. Foreign investors have already withdrawn substantial funds from Indian equities, adding to the economic uncertainty.
Dollar drifts as investors await US labour market indicators
The dollar weakened on Monday. Markets are awaiting U.S. job data this week. This data could influence the Federal Reserve's rate cut decision. Traders are also watching U.S. inflation and Trump's tariffs. A court is reviewing Trump's attempt to remove Fed Governor Lisa Cook. The Australian and New Zealand dollars rose. The Chinese yuan remained steady despite economic concerns.
Dollar headed for monthly drop on rate cut wagers
The dollar is poised for a 2% August drop against major currencies amid rising expectations of a Federal Reserve rate cut next month. President Trump's efforts to influence monetary policy, including a legal battle with Fed Governor Lisa Cook, have weighed on the dollar.
Rupee rises 6 paise to close at 87.63 against US dollar
The rupee saw a slight increase against the dollar. This rise happened because the dollar weakened and crude oil prices dropped. However, new US tariffs on Indian goods and a dip in the Indian stock market kept the rupee from rising even more. The Sensex and Nifty both experienced declines. Foreign investors sold off a significant amount of equities.
Dollar on defensive as September Fed cut bets ramp up
The dollar weakened as traders increased bets on a Federal Reserve rate cut next month, influenced by dovish signals from New York Fed chief John Williams and President Trump's pressure on monetary policy. Concerns over France's political stability had little impact, while a canceled trade negotiation trip from Japan added to market uncertainty.
Dollar weak as investors fret about Fed independence
Trump had on Monday said he would fire Federal Reserve Governor Lisa Cook over alleged improprieties in obtaining mortgage loans, though Cook's lawyer later said the governor will file a lawsuit to prevent her ouster, kicking off what could be a protracted legal fight.
Impending Trump tariff hike pushes rupee down for 5th straight session
The Indian rupee continued its losing streak for a fifth consecutive session on Tuesday as Washington confirmed it will impose an extra 25% levy on Indian goods, clouding the outlook for Asia's third-largest economy.
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.
