archiveSEO

The US Dollar jumps up over 1% against most major peers, after news of a deal between China and the US. Both countries agreed to slash tariffs for 90 days following two days of talks in Switzerland. The US Dollar Index pops to 101.65, benefiting from the relief in US-China tensions. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, exceeds a more than 1% rally on Monday after China and the United States (US) agreed to a 90-day pause in their trade war...

EUR/USD slides below 1.1100 as the US Dollar rallies after the US and China agreed to lower tariffs by 115% for 90 days.The US-China temporary trade truce is expected to tame elevated consumer inflation expectations.ECB Schnabel sees no need to lower interest rates further.EUR/USD plunges below 1.1100 during European trading hours at the start of the week. The major currency pair faces an intense selling pressure as the US Dollar (USD) rallies after the United States (US) and China, in a joint statement, announced a higher-than-expected reduction in tariffs for...

The Pound Sterling falls sharply below 1.3200 against the US Dollar after the US and China agree to reduce tariffs for 90 days by 115%.Lower US tariffs would pave the way for the Fed to cut interest rates.This week, investors will focus on the UK employment and the US CPI data on Tuesday.The Pound Sterling (GBP) tumbles to near 1.3170 against the US Dollar (USD) and trades near a one-month low on Monday. The GBP/USD pair falls sharply as the US Dollar strengthens after the United States (US) and China...

The US Dollar Index edges to 99.60 as the Taiwan Dollar posts the biggest intraday jump in over 30 years.ISM Services PMI climbs to 51.6 in April, beating estimates and March’s 50.8 reading.Treasury Secretary Bessent says trade deals may be reached this week; deficit reduction targeted.Market activity remains thin with holidays in China and the United Kingdom.The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, posted mild gains on Monday as the Taiwan Dollar surged over 5%. The move sparked a...

Indian Rupee strengthens in Tuesday’s Asian session.Optimism over US-India trade talks and steady foreign portfolio investment inflows into equities support the INR. Investors await the US April Consumer Confidence and March JOLTS Job Openings report, which are due later on Tuesday. The Indian Rupee (INR) extends its upside on Tuesday after logging its best day in more than two weeks in the previous session. The positive developments surrounding US-India trade talks provide some support to the local currency. US Treasury Secretary Scott Bessent said on Monday that many top trading partners of...

Indian Rupee gains ground in Monday’s early European session. Rising foreign inflows and lower crude oil prices support the INR. Concerns over geopolitical tensions between India and Pakistan might cap the Indian Rupee’s upside. The Indian Rupee (INR) gathers strength on Monday. Foreign Portfolio Investors (FPIs) continue to buy Indian equities for the seventh consecutive day. This, in turn, could boost the local currency against the Greenback in the near term. Furthermore, the decline in Crude oil prices contribute to the INR’s upside, as India is the third largest consumer of crude oil...

Indian Rupee steadies in Monday’s Asian session. Concerns over geopolitical tensions between India and Pakistan weigh on the Indian Rupee. Rising foreign inflows and lower crude oil prices might help limit the INR’s losses. The Indian Rupee (INR) flat lines on Monday. Rising tension with Pakistan could trigger a risk-off sentiment among traders, which might drag the Indian currency lower. The ceasefire violation along the Line of Control (LoC) came days after the Pahalgam terror attack, which killed 26 people, mostly tourists, in the Baisaran valley near Pahalgam, Jammu and Kashmir. On the other...

The Indian Rupee furthers its upward move in Friday’s Asian session.Positive developments in the trade talks and continued foreign inflows support the INR. Escalating geopolitical tensions after the Kashmir attack might cap the pair’s upside. The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8. However, India does face a 10% tariff as other nations per the US trade...

The Indian Rupee gathers strength in Wednesday’s early European session.  The softer US Dollar and lower crude oil prices continue to underpin the INR.  The US March Retail Sales report and speech by Fed Chair Powell will be the highlights later on Wednesday.  The Indian Rupee (INR) trades in positive territory for the fifth consecutive day on Wednesday. The weakening of the US Dollar (USD) and the extended decline in crude oil prices eased the Indian currency’s losses. It’s worth noting that India is the world's third-largest oil consumer, and...

The Greenback loses ground against all major currencies on Thursday as markets digest Trump’s tariff announcement President Trump announced a base 10% tariff for all countries exporting goods to the US and additional levies per country. The US Dollar Index is hit hard and falls below the 102.00 level. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is having a really bad day, trading at levels not seen since early October around 101.800 and correcting near 1.80% at the time of writing on...