Investing in Currencies

The Indian Rupee faces challenges amidst a robust U.S. dollar rally triggered by tempered expectations of Federal Reserve rate cuts. Despite initial pressure, the Rupee emerges as a reliable asset in Asian markets during risk-off scenarios, as indicated by non-deliverable forwards. India's economic outlook remains optimistic, with the Finance Ministry projecting surpassing growth estimates and steady consumption demand. The Reserve Bank of India's active interventions maintain stability, while technical indicators suggest potential upside for the pair.Broad Rally on the U.S. Dollar: The U.S. dollar experienced a broad rally due to...

Investing.com - The U.S. dollar edged higher in early European trade Tuesday ahead of this week’s key economic data that may provide clues on the Federal Reserve's next moves. At 04:00 ET (09:00 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.125, recovering slightly from a five-month low after the greenback slid some 2% in 2023.  Payrolls to guide dollar sentiment The dollar was hit hard by raised expectations that the Fed will begin trimming interest rates in 2024, with...