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 May 2019 05:39 PM
The Indian rupee recorded its biggest single-session rise against the dollar in two months, as most exit polls predicted a second term for
20 May 2019 01:34 PM
The Indian rupee came off highs against the dollar in afternoon trade, as foreign banks’ greenback buys and higher crude oil prices trimmed early gains from increased bets of Prime Minister Narendra Modi’s party-led alliance winning the nation's poll
20 May 2019 09:10 AM
USD/INR – The Indian rupee open higher against the dollar after most exit polls forecast a second term for Prime Minister Narendra Modi. The rupee opened at 69.4950 versus the dollar compared with its previous close of 70.22. Most exit polls released
17 May 2019 06:04 PM
The Indian rupee slipped for a second straight week against the dollar, weighed by a decline in the Chinese Yuan amid escalation in U.S.-China trade tensions, while crude oil prices rallied.
17 May 2019 02:11 PM
The Indian rupee came off lows against the dollar in afternoon trade, as exporters stepped up greenback sales and local shares climbed ahead of exit polls at home.
17 May 2019 09:10 AM
USD/INR – The Indian rupee opened lower against the dollar after Brent crude climbed to its highest in two weeks on rising tensions in the Middle East. The rupee opened at 70.26 to a dollar in early trades compared with its previous close of 70.0250.