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USD/INR refreshes monthly high on consistent FIIs selling of Indian equities
The Indian Rupee (INR) declines to its lowest level in a month against the US Dollar (USD) at open on Wednesday. The USD/INR pair jumps to near 86.55 even as the US Dollar underperforms its Group of Seven (G7) peers, suggesting significant weakness in the Indian Rupee.
Fxstreet
Wed, Jul 23
GBP/USD extends upside above 1.3500 on softer US Dollar
The GBP/USD pair extends the rally to near 1.3525 during the early European session on Wednesday.
GBP/USD
Fxstreet
Wed, Jul 23
Silver Price Forecast: XAG/USD trades above $39.00, reaches fresh 14-year highs
Silver price (XAG/USD) edges lower after reaching $39.39, the highest since September 2011, and currently trading around $39.20 per troy ounce during the Asian session on Wednesday. The price of Silver comes under pressure due to dampened safe-haven demand, driven by a wave of trade deals.
Silver
Fxstreet
Wed, Jul 23
EUR/USD holds losses near 1.1750 ahead of Eurozone Consumer Confidence
EUR/USD pulls back from two-week high of 1.1761 reached on Tuesday, trading around 1.1740 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) gains ground.
EUR/USD
Fxstreet
Wed, Jul 23
Australia, NZ dollars underpinned as trade deals buff sentiment
By Wayne Cole SYDNEY, July 23 (Reuters) - The Australian and New Zealand dollars held firm on Wednesday as news of a potential U.S. trade deal with Japan salved risk sentiment, but also lessened some of the uncertainty that has been plaguing the greenback.President Donald Trump said on Tuesday th...
Reuters
Wed, Jul 23
FOREX-Dollar holds losses after Trump announces Japan trade deal
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar stayed weak on Wednesday, having lost ground overnight, after...
Reuters
Wed, Jul 23
INDIA RUPEE-Muted open for rupee despite Asia cheer on US-Japan trade pact
By Nimesh Vora MUMBAI, July 23 (Reuters) - The Indian rupee is expected to open largely unchanged on Wednesday, shrugging off the modest boost to its Asian peers after a U.S.-Japan trade deal fuelled hopes that Washington may strike similar agreements with other countries.The 1-month non-deliver...
Reuters
Wed, Jul 23
AUD/JPY rallies amid broadly weaker JPY, lacks follow-through beyond mid-96.00s
The AUD/JPY cross attracts fresh buying near the 95.85 area during the Asian session on Wednesday and builds on the previous day's modest recovery from a nearly two-week low.
AUD/JPY
Fxstreet
Wed, Jul 23
India Morning Newsletter, July 23
To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-SubscriptionpageFor an index of our newsletters click on NEWSL
Reuters
Wed, Jul 23
EUR/JPY trims losses near 172.50 after report Japan PM Ishiba to resign
The EUR/JPY cross pares losses to around 172.40 during the Asian trading hours on Wednesday.
EUR/JPY
Fxstreet
Wed, Jul 23
Japanese Yen retreats sharply from two-week high against USD amid political uncertainty
The Japanese Yen (JPY) retreats sharply from a two-week top touched against its American counterpart during the Asian session on Wednesday and lifts the USD/JPY pair above the 147.00 mark in the last hour.
USD/JPY
Fxstreet
Wed, Jul 23
Telecoms giant America Movil swings to profit on foreign exchange gains
America Movil's earnings surpass analysts' forecastsQ2 swings to $1.19 billion profit after loss a year agoGroup points to FX gains, more post-paid mobile usersUS tariffs helped weaken dollar versus many Latam currenciesBy Sarah Morland MEXICO CITY, July 22 (Reuters) - Mexican telecoms gi...
Reuters
Wed, Jul 23
Australian Dollar continues to climb on the back of improving market sentiment
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Wednesday, extending its winning streak for the fourth successive session.
AUD/USD
Fxstreet
Wed, Jul 23
FOREX-Dollar under pressure against yen after Trump announces Japan trade deal
Japan to invest $550 billion in U.S., tariffs reduced to 15%Uncertainty over tariffs keeping forex market on edgeJapan's auto industry and rice imports were key negotiation pointsBy Rocky Swift TOKYO, July 23 (Reuters) - The dollar was on a shaky footing against the yen on Wednesday, having l...
Reuters
Wed, Jul 23
NZD/USD strengthens to near 0.6000 amid concerns over Fed’s independence
The NZD/USD pair trades in positive territory for the fourth consecutive day near 0.6005 during the Asian trading hours on Wednesday.
NZD/USD
Fxstreet
Wed, Jul 23
PBOC sets USD/CNY reference rate at 7.1414 vs. 7.1460 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1414 as compared to the previous day's fix of 7.1460.
USD/CNH
Fxstreet
Wed, Jul 23
Dollar holds losses against yen after Trump announces Japan trade deal
TOKYO, July 23 (Reuters) - The dollar held losses against the yen on Wednesday after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline.Trump said the agreement will result in Japan investing $550 billion into the United States and a tariff rate of...
Reuters
Wed, Jul 23
USD/CAD extends the decline to near 1.3600 as Trump's tariff deadline looms
The USD/CAD pair extends its downside to around 1.3605 during the early Asian session on Wednesday.
USD/CAD
Fxstreet
Tue, Jul 22
GBP/USD continues bullish bounce as Greenback continues to weaken
GBP/USD rose for a second straight day on Tuesday, lifted by a general weakening in global Greenback markets.
GBP/USD
Fxstreet
Tue, Jul 22
EUR/USD climbs above 1.1740 as risk appetite pressures Dollar, ECB in focus
EUR/USD remains above the 20-day Simple Moving Average (SMA) of 1.1704, trading with gains of over 0.50% due to an improvement in risk appetite weighing on the US Dollar, even though fears that the European Union (EU) and the United States (US) might fail to reach a deal before the August 1 deadline
EUR/USD
Fxstreet
Tue, Jul 22
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