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.
18 Jun 2019 09:09 AM
USD/INR – The Indian rupee opened higher against the U.S. currency amid a pullback in the dollar ahead of the beginning of the two-day Federal Reserve meeting. The rupee opened at 69.83 to a dollar at opening compared with its previous close of 69.90
17 Jun 2019 05:32 PM
The Indian rupee fell to a more-than-three-week low against the dollar, down for the third straight session as the greenback strengthened
17 Jun 2019 01:44 PM
The Indian rupee came off lows to trade little changed against the U.S. currency in afternoon session, as foreign banks stepped up greenback sales that offset impact of broad dollar strength.
17 Jun 2019 09:10 AM
USD/INR – The Indian rupee opened flat against the dollar following better-than-expected U.S. retail sales data, which prompted the dollar index’s biggest jump in three months. The rupee opened flat at 69.80 to a dollar compared with its previous clo
14 Jun 2019 05:31 PM
The rupee ended at 69.80 to the dollar, its lowest since May. 30, against 69.51 at the previous close.
14 Jun 2019 02:11 PM
Financial Market Overview 14th June, 2019 Afternoon Update Indian Rupee The Indian rupee stayed lower against the dollar in thin afternoon trade, dragged down by losses in the local shares. The rupee