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.
16 Jul 2019 09:08 AM
USD/INR – The Indian rupee opened little changed against the dollar as investors await U.S. retail sales data and speeches by Federal Reserve officials. The rupee opened at 68.56 to the dollar at opening compared with its previous close of 68.5350. T
15 Jul 2019 05:27 PM
The Indian rupee ended higher against the dollar on likely foreign fund inflows into local debt and as traders awaited the release of trade
15 Jul 2019 01:32 PM
The Indian rupee stayed higher against the dollar in thin afternoon trade, tracking gains in Asian currencies as better-than-expected retail sales and industrial output data from China lifted sentiment across the region.
15 Jul 2019 09:10 AM
USD/INR – The Indian rupee opened higher against the dollar as the Federal Reserve’s dovish monetary policy outlook continued to weigh on the U.S. currency. The rupee opened at 68.54 to the dollar at opening compared with its previous close of 68.68.
12 Jul 2019 05:35 PM
The Indian rupee recorded its first weekly decline in four against the dollar, as losses in local shares continued post budget announcement
12 Jul 2019 02:00 PM
The Indian rupee remained lower against the dollar in afternoon trade on foreign banks’ greenback purchases and uncertainty about the U.S. Federal Reserve’s next interest rate decision.