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Indian Rupee opens lower as Trump demands war compensation
The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) on Tuesday. The USD/INR pair rises further to near 95.40 as surging oil prices due to escalating fears of a prolonged global supply disruption have weakened the Indian currency.
Fxstreet
Tue, Aug 11
EUR/JPY Price Forecast: Remains below 183.00 as bearish bias prevails
EUR/JPY depreciates after registering modest gains in the previous day, trading around 183.80 during the Asian hours on Tuesday. The Relative Strength Index (14) at 47.63 sits just below the neutral 50 line, hinting at ongoing bearish momentum without yet reaching oversold conditions.
Fxstreet
Tue, Aug 11
Australian Dollar holds ground ahead of RBA policy decision
AUD/USD regains ground after registering modest losses the previous day, trading around 0.7060 during Asian hours on Tuesday. The pair gains as the Australian Dollar (AUD) remains stronger ahead of the Reserve Bank of Australia's (RBA) interest rate decision later in the day.Fxstreet
Tue, Aug 11
Silver Price Forecast: XAG/USD slips to near $66.00 on Fed hike fears, oil surge
Silver price (XAG/USD) depreciates after two days of gains, trading around $66.00 per troy ounce during the Asian hours on Tuesday. The price of non-yielding Silver has taken a hit recently as rising oil prices spark renewed inflation fears and heighten expectations for interest rate hikes.Fxstreet
Tue, Aug 11
The Australian Dollar rallies without an Australian reason
The Australian Dollar has traded a band of barely 20 pips through the session, holding above 0.7050 and easing 0.15% inside it. That is the tightest daily range the pair has produced in weeks, and it arrives at the end of a run of close to 200 pips from the late-June trough just above 0.6850.Fxstreet
Mon, Aug 10
EUR/USD Price Forecast: 100-day SMA caps Euro recovery
The Euro is poised to end Monday’s session with losses of about 0.13% against the Greenback, as recent news points to a delay in talks between the US and Iran, while, from a technical perspective, EUR/USD stalled at the 100-day Simple Moving Average (SMA) near 1.1568.Fxstreet
Mon, Aug 10
Mexican Peso rally pauses ahead of US inflation report
The Mexican Peso loses some ground against the US Dollar on Monday as traders book profits after a worse-than-expected US jobs report last week and as eyes turn to the release of US inflation figures on Wednesday. The USD/MXN trades at 17.14, modestly up 0.05%.Fxstreet
Mon, Aug 10
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