30 Apr, 2025
2 mins read

Forex Today: US Dollar benefits from cautious mood, as focus switches to Powell testimony.

The US Dollar (USD) is holding steady early Tuesday after making slight gains against its major rivals on Monday, as markets turn cautious. The economic calendar will not include any high-impact data releases, but Federal Reserve (Fed) Chairman Jerome Powell’s speech before Congress may increase market volatility. Later in the American session, numerous more Federal […]

4 mins read

USD/INR declines amid expected RBI intervention and US dollar selling.

The Indian Rupee (INR) recovered on Tuesday, posting its largest gain since November 2022, after plummeting to a new record low in the previous session. The Reserve Bank of India (RBI)’s robust intervention, US Dollar (USD) selling by exporters, and profit-booking by speculators all help to support the INR. The regular interventions have dragged on […]

5 mins read

Ahead of the US NFP, the Australian dollar swings sideways as the market is cautious.

On Friday, the US dollar (USD) and the Australian dollar (AUD) consolidate. However, as US President Donald Trump and Chinese President Xi Jinping prepare to negotiate possible tariff rollbacks, the AUD/USD pair saw upward support as US-China trade tensions eased. China, Australia’s key trading partner, retaliated against the new 10% US tariff that took effect […]

3 mins read

As Trump tariffs strengthen the dollar, Asian currencies decline; the Indian rupee reaches a record low.

Dollar Index Surge Pressures Regional Currencies as INR Hits Record Low Monday saw a strong decline in Asian currencies as the U.S. dollar strengthened following the weekend imposition of tariffs by U.S. President Donald Trump on a number of nations. The dollar index, which compares the value of the US dollar to a number of […]

3 mins read

Forex Today: Trump delivers on tariff threats, and the US dollar rises

What you need to know: As markets take a cautious approach in response to US President Donald Trump’s tariff announcements, the US dollar (USD) strengthens on the first trading day of February. Investors will be eagerly monitoring January inflation statistics from the Euro region later in the European session. ISM Manufacturing PMI data for January […]

4 mins read

Amid US tariff trade concerns and worse Chinese PMI data, some sellers push the NZD/USD below 0.5550.

NZD/USD Drops to 0.5545 in the Early Asian Session Monday’s Asian trading hours will see some selling pressure on the NZD/USD pair, pushing it to about 0.5545. Following US President Donald Trump’s announcement of tariffs and China’s Caixin Manufacturing PMI coming in lower than anticipated in January, the New Zealand Dollar (NZD) depreciates as trade […]