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US Dollar Index depreciates, possibly driven by a technical correction.The Greenback may regain ground due to the potential threat of US direct involvement in the Middle East conflicts.Fed Chair Powell cautioned that ongoing policy uncertainty will keep the central bank on hold.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the second successive day and trading lower at around 98.70 at the time of writing. Traders will likely gauge the Fed's Monetary Policy Report, scheduled for...

The Indian Rupee ticks higher after sliding to near 86.20 against the US Dollar.Tehran threatens to close the Strait of Hormuz to disrupt the Oil supply chain.Investors expect the Fed to leave interest rates steady on Wednesday.The Indian Rupee (INR) surrenders early losses after posting a fresh two-month low near 86.20 against the US Dollar (USD) and ticks up to near 86.00 during European trading hours on Monday. The USD/INR pair faces pressure as the US Dollar (USD) falls back, with the US Dollar Index (DXY) retreating to near 98.00...

USD/JPY rises to near 144.00 as demand for the US Dollar has increased against the Japanese yen in a risk-off environment. Israel strikes Iran to rid-off existing survival threat from Iran. The BoJ and the Fed are expected to keep interest rates steady next week. The USD/JPY pair climbs to near 144.00 during European trading hours on Friday after recovering early losses. The pair strengthens as the US Dollar (USD) outperforms across the board amid growing war tensions between Israel and Iran. The US Dollar Index (DXY), which tracks the...

BENGALURU, June 3 (Reuters) - U.S. home prices will rise steadily over coming years on an expected further decline in mortgage rates, according to property experts in a Reuters survey who expressed a near-unanimous view President Donald Trump's tariffs would hinder affordable home construction.The same analysts had said three months ago that affordability and turnover in the market would improve, an upbeat outlook hinging on expectations the Federal Reserve will resume cutting interest rates after staying on the sidelines all year. Sign up here.That optimism has since been tempered with...