The Indian rupee (INR) edged higher on Friday amid strong dollar selling and muted demand from importers. The Indian rupee’s recovery has been fueled by the strong performance of the…
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In the Asian market on Friday, the US dollar/Canadian dollar fluctuated within a narrow range, and now seems to have interrupted the decline from the highest level since November 22…
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The Japanese yen traded within a tight range against the dollar during Friday’s Asian session, consolidating this week’s heavy losses to its lowest level since 1990. The Bank of Japan…
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During early Asian trading on Friday, the GBP/USD pair was still trading around 1.2550. The market expects the Bank of England to cut interest rates earlier than the Fed, which…
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On Thursday, the U.S. Department of Labor released the Producer Price Index (PPI) for March. The data showed that the PPI increased by 0.2% on a monthly basis in March,…
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In early Asian trading on Friday, EUR/USD was trading near 1.0728, with a bearish trend. The U.S. dollar recovered slightly, weighing on EUR/USD, as speculation grew about a rate cut…
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USD/CAD consolidated gains above 1.3650 during Thursday’s Asian trading session. The pair’s gains were supported by stronger-than-expected US inflation in March, which pushed USD/CAD to yearly highs of 105.30. Investors…
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Megan Greene, a member of the Bank of England’s Monetary Policy Committee (MPC), said in an interview with the Financial Times (FT) on Thursday that “the British service sector inflation…
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On Wednesday, the yen fell to its weakest level against the dollar since July 1990, following stronger-than-expected U.S. consumer inflation data. The data pushed back market expectations for the timing…
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In Asia on Thursday, NZD/USD rose to around 0.5982. China’s consumer price index (CPI) in March was lower than expected, while the producer price index (PPI) was in line with…