July 5, 2023 7:43 am
Key points USD/INR near fresh three-week peak Demand for cash dollars and for future payments weighs on Rupee FOMC June minutes in focus India’s Rupee retreated against the US Dollar on Wednesday, pressured by strong demand for dollars from importers for immediate and future payments. “Since open, from our side, there has been a demand […]
Read moreJuly 4, 2023 12:38 pm
Key points Amazon to deploy 300 electric vans from Rivian in several areas across Germany Amazon shares close slightly lower on Monday Amazon.com Inc (AMZN) said on Tuesday that it intended to roll out its first European vans from EV maker Rivian in Germany in the upcoming weeks. 300 electric vans are to be deployed […]
Read moreJuly 4, 2023 9:58 am
Key points WTI Crude rises, reversing a loss in the prior session Saudi Arabia to extend output cut to August Macroeconomic outlook uncertainty weighs on market Futures on US West Texas Intermediate Crude Oil surged on Tuesday, as market players weighed OPEC+ supply tightening measures against a global macroeconomic uncertainty. Saudi Arabia, OPEC+ largest producer, […]
Read moreJuly 4, 2023 8:09 am
Key points AUD/JPY recovers from earlier losses RBA skips rate hike, but says more tightening needed to rein in inflation Yen vulnerable to more weakness as investors on watch for possible Japan FX intervention AUD/JPY touched an intraday low of 96.069 on Tuesday after the Reserve Bank of Australia surprisingly kept interest rates on hold […]
Read moreJuly 3, 2023 12:42 pm
Key points Spot Gold just above 15-week trough Traders await FOMC minutes for more clues on rate hike path Firmer USD, higher bond yields pressure dollar-priced Gold Spot Gold edged lower on Monday on firmer US Dollar and higher US bond yields, as this week’s focus sets on the minutes of the Federal Reserve June […]
Read moreJuly 3, 2023 9:33 am
Key points EUR/JPY trades at levels last seen in September 2008 USD/JPY near 8-month peak Japan may intervene in the market to bolster Yen Japan business sentiment improves in Q2, signaling steady economic recovery The Japanese Yen remained pressured near lows unseen since September 2008 against the Euro on Monday, as market players were on […]
Read moreJuly 3, 2023 7:24 am
Key points USD/INR at fresh two-month low Dollar selling, debt and equity inflows boost Rupee US ISM Manufacturing PMI data in focus India’s Rupee advanced to highs unseen since early May against the US Dollar on Monday, supported by inflows and dollar selling by foreign banks. According to a report by Reuters, citing an unnamed […]
Read moreJune 30, 2023 12:40 pm
Key points WTI Crude heads for 2nd quarterly loss, Brent set for 4th quarterly drop Macroeconomic concerns weigh on market US oil inventory drop, OPEC+ deal support prices Futures on US West Texas Intermediate Crude Oil were set to register a 7.7% quarterly loss amid lingering concerns over global economic growth and fuel demand respectively. […]
Read moreJune 30, 2023 9:28 am
Key points USD/RUB trades near highest level since March 2022 Rouble pressured by Russia political risk fears, lack of support drivers USD firm on Fed rate hike prospects ahead of PCE data The Russian Rouble plummeted to a fresh 65-week trough against the US Dollar on Friday on lingering local political risk concerns and a […]
Read moreJune 30, 2023 7:29 am
Key points USD/INR set for 2nd week of gains, Rupee still encounters resistance below 82.0000 Latest US data adds to case for more Fed tightening US PCE data in focus USD/INR was heading for a second straight week of gains, as the Rupee was pressured by firmer dollar on expectations of further policy tightening by […]
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