Currencies

The greenback's wild slide has continued as erratic US policymaking spurs a "love-hate" relationship with international investors. In a week that saw an epic rally in US stocks and recession calls cast aside, currency traders are just as bearish as ever on the American dollar.  Strategists at JPMorgan Chase & Co. and Deutsche Bank AG say the currency will keep weakening, and sentiment among options traders is the most negative in five years. The dollar index is still close to its April lows, evidence that investors are wary of returning...

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India's foreign exchange reserves rose by USD 4.553 billion to USD 690.617 billion in the week ended May 9, driven by a significant increase in gold assets, according to the Reserve Bank of India (RBI).Mumbai, May 16 (PTI) India's forex reserves jumped by USD 4.553 billion to USD 690.617 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday.In the previous reporting week, the overall reserves had dropped by USD 2.065 billion to USD 686.064 billion. The forex...

Overview: While the US dollar is mostly a little softer today against the G10 currencies, it remains mostly within Wednesday's range. The yen is a notable exception. It made a new high for the week despite the contraction in Q1 25 GDP. Most emerging market currencies are firmer. The markets have not reacted to a statement from President Trump that his administration lacks the capacity to negotiate with all the parties so in the next 2-3 weeks, the US will simply set the tariff rates.Asia Pacific equities ended the week...

Rupee gained 1 paisa to settle at 85.53 (provisional) against the US dollar on Friday, helped by strong foreign institutional investor (FII) inflows and a slight drop in the dollar index. However, the rupee’s rise was limited due to higher Brent crude prices, weak domestic equity markets, and data showing India’s trade deficit widening in April, forex traders said. At the interbank foreign exchange, the rupee started strong at 85.28 and moved between 85.28 and 85.70 during the day. It finally closed at 85.53, up just 1 paisa from Thursday’s...

The US dollar continues its downward slide, and in turn, currencies in Asia have surged to near a seven-month high. There are at least two reasons for the dollar's descent.First, the likelihood of US President reaching trade deals with multiple countries he's imposed tariffs on has raised the risk appetite in the market for other currencies considered less safe than the greenback. At the same time, the slump in the US economy has increased the odds of interest rate cuts by the US Fed. Will these trends continue? If yes,...

Indian Rupee rebounds in Friday’s Asian session. Lower crude oil prices underpin the INR, but persistent interbank USD demand and foreign fund outflows might cap its upside. Traders await the US housing data and the preliminary University of Michigan Consumer Sentiment Index report.The Indian Rupee (INR) recovers some lost ground, snapping the three-day losing streak on Friday. A fall in crude oil prices amid reports that the US and Iran are getting closer to a deal on the country’s nuclear program provides some support to the INR. It’s worth noting that India...

Gold prices fell in India on Friday, according to data compiled by FXStreet. The price for Gold stood at 8,842.47 Indian Rupees (INR) per gram, down compared with the INR 8,908.96 it cost on Thursday. The price for Gold decreased to INR 103,144.70 per tola from INR 103,911.70 per tola a day earlier. Unit measure Gold Price in INR 1 Gram 8,842.47 10 Grams 88,424.86 Tola 103,144.70 Troy Ounce 275,022.80   Daily Digest Market Movers: Gold price bulls refrain from placing aggressive bets amid trade optimism The US and China...

Japanese Finance Minister Katsunobu Kato said he’ll seek another opportunity to talk with his US counterpart Scott Bessent next week to discuss currency matters, building on their dialogue last month.“We confirmed that currency rates should be determined by the market, and that excessive volatility can harm the economy and financial stability,” Kato said Friday at a post-cabinet meeting press conference, referring to his April bilateral meeting with the US Treasury secretary in Washington. “I’m looking for a chance to speak with Bessent again next week to discuss these points, if...

Not long after President Trump took office, Coinbase, the largest U.S. cryptocurrency exchange, got some good news: The Securities and Exchange Commission was dropping a lawsuit that had accused the company of illegally marketing digital currencies to the public.But that case may not be the end of the company’s legal troubles.The S.E.C. has also been investigating whether Coinbase misstated its user numbers in past disclosures — an inquiry that began during the Biden administration and has continued under Mr. Trump, according to four people familiar with it.The investigation, which has...