USD/INR – The Indian rupee opened lower against the dollar ahead of crucial trade talks between the U.S. and China. The rupee opened at 69.88 versus the dollar compared with its previous close of 69.71. Asian equities and currencies extended losses on Thursday before the U.S.-China trade talks. Chinese Vice-Premier Liu He will hold negotiations with U.S. officials on Thursday and Friday in Washington after tensions between the two countries ratcheted higher following President Donald Trump remarks that he plans to increase tariffs on Chinese shipments. The U.S. has accused China of backtracking on previous promises and Trump has said that he is considering taxing all imports out of the Asian nation. Trump said on Twitter yesterday that Beijing had informed Washington that the Chinese Vice-Premier is “coming to the U.S. to make a deal.” He added that if a deal did not materialize, he is “very happy with over $100 Billion a year in tariffs filling U.S. coffers.”
EUR/USD – Against the dollar, the euro was a shade higher at $1.1196, having spent the week stuck in a tight $1.1218-$1.1155 range. EUR/USD remains holed up in the 1.1200 region, shrugging off growing risks that might normally put bears in control. The EU Commission's downgraded outlook , heightened U.S.-Sino trade tensions and 10-year German bund yields trading near -0.05 percent are all factors that should have EUR/USD trading near the 2019 low at a minimum. Bears might be treading cautiously as economic green shoots from the euro zone keep popping up, which could keep the ECB from adding stimulus to the economy as many investors have expected. The U.S. interest rate complex could be limiting the downside as well. If bears don't gain control of EUR/USD soon, odds of an upside move will increase.
20 Jun 2019 01:17 PM
The Indian rupee remained higher against the dollar in thin-volume afternoon trade, helped by foreign banks’ dollar sales after a dovish Federal Reserve outcome that improved appetite for risk assets.
20 Jun 2019 09:12 AM
USD/INR – The Indian rupee opened higher against the dollar after the Federal Reserve hinted that interest rates could fall in the coming months, prompting broad losses on the U.S. currency. The rupee opened at 69.48 compared with its previous close
19 Jun 2019 05:34 PM
The Indian rupee was little changed against the dollar, as investors’ focus shifted to the Federal Reserve’s policy decision later today,
19 Jun 2019 09:12 AM
USD/INR – The Indian rupee opened higher against the dollar amid optimism over trade and indications of more stimulus measures by the European Central Bank. The rupee opened at 69.56 to the dollar at opening compared with its previous close of 69.70.
18 Jun 2019 05:37 PM
The Indian rupee gained for the first time in four sessions against the dollar, as bets over the U.S. Federal Reserve adopting an easing
18 Jun 2019 01:56 PM
The Indian rupee was higher against the dollar in thinly-traded afternoon session, in line with most regional peers ahead of a U.S. Fed rate decision, while soft crude oil prices supported the local unit.