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.
22 May 2019 05:39 PM
The Indian rupee rose against the dollar, as local shares strengthened ahead of the general election’s outcome tomorrow, where Prime Minister Narendra Modi is expected to come back to power.
22 May 2019 01:44 PM
The Indian rupee fell against the dollar in choppy afternoon trade, as foreign banks stepped up greenback purchases likely for corporate clients. However, higher local shares ahead of the nation’s general election results tomorrow capped major fall i
22 May 2019 09:10 AM
USD/INR – The Indian rupee opened higher against the dollar ahead of the nation’s election results and the U.S. Federal Reserve’s latest meeting minutes. The rupee opened at 69.67 versus the dollar compared with its previous close of 69.71. Results o
21 May 2019 05:40 PM
The Indian rupee ended marginally higher against the dollar as few foreign banks stepped up greenback sales for their corporate clients
21 May 2019 01:30 PM
The Indian rupee traded marginally higher against the dollar in thin afternoon trade, as few foreign banks stepped up greenback sales for their corporate clients even as most participants refrained from placing significant bets ahead of the crucial e
21 May 2019 09:11 AM
USD/INR – The Indian rupee opened little changed against the dollar amid mixed regional cues on U.S-China trade. The rupee opened at 69.74 versus the dollar compared with its previous close of 69.7350. While elections remain the main area of attentio