India Bank Loan Growth remains unchanged at 17.7% in June 1
India Bank Loan Growth remains unchanged at 17.7% in June 1
India FX Reserves, USD up to $672.59B in June 15 from previous $671.63B
India FX Reserves, USD up to $672.59B in June 15 from previous $671.63B
Canadian Dollar strengthens on softer Fed outlook while Oil prices curb further gains
USD/CAD trades lower around 1.4180 on Friday, down 0.13% at the time of writing, as the US Dollar (USD) weakens following the latest US inflation data.
Gold Price Forecast: XAU/USD holds immediate support below $4,000 as US Dollar corrects
Gold price (XAU/USD) trades 0.6% higher to near $4,050 during the European trading session on Friday. The precious metal recovers after discovering support near $3,960 in the past two trading days.
Euro picks up above 1.1400 amid lower Oil prices and a softer US Dollar
The Euro (EUR) pares previous weekly losses against the US Dollar (USD) on Friday, favoured by a sharp decline in oil prices and a somewhat softer US Dollar.
Japanese Yen: 162 seen as new intervention line against US Dollar – ING
ING’s Francesco Pesole writes that markets are increasingly viewing 162.0 in USD/JPY as a new intervention threshold, helping explain the sharp intraday drop after the pair neared 162.
Indian Rupee set to open higher on Monday as US Dollar corrects
The Indian Rupee (INR) is expected to open higher against the US Dollar (USD) on Monday. On Friday, Indian markets are closed for Muharram celebrations.
Gold: Rate worries keep environment challenging – Commerzbank
Commerzbank analysts highlight a weakening Gold market, with prices briefly slipping below USD 4,000 per troy ounce before recovering.
Italy 5-y Bond Auction dipped from previous 3.16% to 3.03%
Italy 5-y Bond Auction dipped from previous 3.16% to 3.03%
US Dollar: Breather not reversal – OCBC
OCBC’s FX strategists Sim Moh Siong and Christopher Wong note the US Dollar (USD) rally has paused as global risk appetite improves, but highlight that sticky United States (US) inflation and steady labour data keep hawkish Federal Reserve (Fed) risks alive.
Italy Trade Balance non-EU: €3.843B (May) vs previous €3.846B
Italy Trade Balance non-EU: €3.843B (May) vs previous €3.846B
South Korean Won bounces from lows at 1,550 USD in a suspected intervention
The Korean Won (KRW) trades higher on Friday after a knee-jerk reaction at the 1,550 level against the US Dollar (USD), triggering speculation about an intervention by the South Korean Ministry of Finance.