News

The Indian rupee weakened on Friday amid a modest recovery in the US dollar. Despite easing political uncertainties following India’s general election, renewed demand for the dollar from local importers…

USD/CAD showed resilience below the 200-hour simple moving average (SMA) in Asian trading on Friday, but it seemed difficult to attract significant buying. Investors are focusing on the US monthly…

The Australian dollar remained stable on Friday after rising in the previous session. Aussie traders took a cautious stance ahead of a speech by Reserve Bank of Australia Deputy Governor…

NZD/USD strengthened to around 0.6195 in early Asian trading on Friday. Speculations about the Fed’s rate cut this year continue to heat up, and the weak US dollar continues to…

NZD/USD extended gains to a three-month high near 0.6205 in early Asian trading on Thursday. USD/NZD was dragged lower as investors began pricing in two rate cuts from the Federal…

Canadian fiscal policy is currently focused on addressing the housing crisis and supporting economic growth through investments in clean energy and innovation. The government’s 2024 Budget outlines a plan to…

The Indian rupee rebounded on Thursday on a weaker US dollar. Renewed US dollar selling and possible foreign exchange intervention by the Reserve Bank of India provided support to the…

AUD rises as Australia’s trade surplus widens in May. The Australian Bureau of Statistics released trade account data showing a trade surplus of AUD6.548 billion in May, compared with expectations…

The European Central Bank will cut interest rates by 25 basis points on Thursday. ECB President Christine Lagarde is likely to take a data-dependent stance on the outlook for future…

GBP/USD was trading in a narrow range above 1.2750 during the London session on Wednesday. The economic calendar for the United Kingdom (UK) this week lacks top-level events. As such,…