May 20, 2025 12:51 pm
Key Moments: The rupee traded 0.2% weaker on Tuesday at 85.5210 per USD amid dollar bids from foreign banks India’s infrastructure output rose just 0.5% year-over-year in April, the slowest increase in eight months. Declines in the crude oil (down 2.8%) and refinery (down 4.5%) sectors dragged down overall output. Rupee Slips on Dollar Demand […]
Read moreMay 20, 2025 10:42 am
Key Moments: The euro advanced 0.14% to 1.1256 against the greenback on Tuesday, extending yesterday’s gains. Moody’s downgrade of the US credit rating continued to weigh on the dollar’s momentum. Markets remained cautious ahead of central bank commentary. Euro Gains for Second Consecutive Day The euro extended its upside move on Tuesday, climbing above the […]
Read moreMay 20, 2025 10:31 am
The USD/ZAR currency pair hovered just above a fresh 5-month low of 17.9760 on Tuesday ahead of a planned meeting between President Cyril Ramaphosa and US President Donald Trump in Washington. The South African delegation arrived in the US yesterday to hold talks with the Trump administration, seeking to renew strained ties between the two […]
Read moreMay 20, 2025 7:36 am
Key Moments: The Reserve Bank of Australia (RBA) implemented a 25-basis-point rate cut amid mounting downside risks to the economy. The Australian dollar dropped to 0.6415 following the central bank’s policy decision. Growing political uncertainty and recent global economic developments have contributed to the AUD/USD pair’s decline. AUD/USD Slips to 0.6415 Tuesday saw the Australian […]
Read moreMay 20, 2025 6:51 am
Key Moments: EUR/JPY fell below 162.50 on May 20th. Additional rate hikes in Japan may be on the horizon, according to BoJ Deputy Governor Shinichi Uchida. Market expectations point to a 90% chance that the ECB will cut interest rates in early June. EUR/JPY Loses Ground The euro depreciated against the Japanese yen on Tuesday, […]
Read moreMay 19, 2025 2:40 pm
Key Moments: The NZD/USD pair rose to 0.5915 on Monday, boosted by a depreciation of the US dollar. The April Performance of Services Index of New Zealand fell to 48.5, while the Producer Price Index revealed that input and output prices increased by 2.9% and 2.1%, respectively. Key New Zealand economic data releases this week, […]
Read moreMay 19, 2025 1:59 pm
Key Moments: Bitcoin declined 0.83% on Monday, slipping below the 102,800 mark. Strategy purchased 7,390 BTC, bringing its total Bitcoin holdings to 576,230 BTC. Metaplanet bought 1,004 BTC, increasing its reserves to 7,800 BTC. Bitcoin Drops as Crypto Legislation Looms Bitcoin began the week with a modest pullback, dipping 0.83% over the past 24 hours […]
Read moreMay 19, 2025 12:35 pm
Key Moments: Ethereum dropped over 6.75% to around 2,395 amid a surge in trading volume and market-wide weakness. More than $200 million in long positions were liquidated, contributing to sharp price declines for ETH. The total value of the cryptocurrency market decreased by approximately 1.40%, settling at $3.25 trillion. Market-Wide Risk Sentiment Sparks ETH Downturn […]
Read moreMay 19, 2025 11:47 am
Key Moments: EUR/USD climbed above 1.1270 on Monday. The US Dollar Index weakened following Moody’s downgrade of US sovereign credit to Aa1. Market consensus indicates the Federal Reserve is unlikely to cut rates over the next two policy meetings Dollar Softens After US Credit Downgrade, Euro Gains Ground The EUR/USD pair surged to 1.1272 during […]
Read moreMay 19, 2025 9:27 am
Key Moments: The British pound climbed above 1.3360 on Monday, reaching its highest level in 12 days. A tentative defense contract agreement between the UK and the EU lifted market sentiments. Moody’s lowered its US credit rating to Aa1, which exerted pressure on the greenback, pushing the US Dollar Index lower by 0.67% . UK-EU […]
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