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Technical Chart
| 52 WEEKS | 1 MONTH | 1 WEEK | |
|---|---|---|---|
| High | 0.8189 | 0.8189 | 0.8189 |
| Low | 0.7665 | 0.8021 | 0.8068 |
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FOREX NEWS
Yen weakens after intervention-led surge ahead of BOJ policy decision
The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve's inflation stance. Japan conducted yen-buying intervention, pulling the currency from four-decade lows. The Bank of Japan is expected to keep interest rates steady at one percent. Analysts anticipate the BOJ will raise rates again by year-end.
Dollar holds steady as Fed decision looms
The U.S. dollar reached a one-month high due to Middle East hostilities. Traders awaited the Federal Reserve's interest rate decision later today. Oil prices rose after missile interceptions, adding to inflation concerns. The euro and sterling weakened against the strong dollar in Asian trade. Analysts expect the Fed to hold rates steady amid global uncertainties.
Dollar pulls back as US-Iran attacks pause, oil drops
The dollar weakened against major currencies as the United States paused its bombing campaign in Iran. Oil prices also sank significantly after the temporary halt in military strikes. Investor confidence improved globally following reports of renewed peace talks and continued oil flows. The euro and British pound saw gains against the depreciating U.S. dollar. Bitcoin and ether experienced upward price movements in the cryptocurrency market.
Dollar rides yield surge as Middle East and trade wars raise inflation stakes
The dollar strengthened against major currencies on Friday. Rising oil prices and new trade tariffs fueled inflation concerns globally. U.S. Treasury yields climbed significantly, reaching multi-month highs. The yen remained near a 40-year low against the dollar. Investors anticipate central bank decisions amid inflationary pressures.
US-Iran tensions underpin dollar as yen nears 40-year low
The dollar stabilized on Thursday as U.S.-Iran tensions increased investor caution. Rising oil prices fueled inflation fears and supported the safe-haven dollar. The Japanese yen languished near a forty-year low with little recovery in sight. European Central Bank is expected to hold rates steady but may hike later. Australian and New Zealand dollars softened against the strengthening greenback.
Yen slides past 163, raising intervention alert
The yen is near a four-decade low as the dollar strengthens broadly. Rising oil prices and U.S. Treasury yields are supporting the dollar's safe-haven status. Traders watch for possible Japanese intervention amid the yen's steady decline. The euro and Australian dollar are holding their ground against the dollar. Sterling is testing support as the new UK finance minister considers spending plans.
Dollar firmer as US-Iran conflict intensifies, Brent hits $90
The dollar strengthened against global peers as Middle East tensions escalated. Oil prices surged and investor confidence remained fragile after last week's market turbulence. Geopolitical concerns and semiconductor valuation worries weighed on market sentiment. Federal Reserve officials are debating potential interest rate increases to combat inflation. Cryptocurrencies like bitcoin and ether saw modest gains in early trading.
Dollar set for weekly drop as traders cut wagers on rate hikes
The dollar held steady on Friday, facing a weekly decline after softer U.S. inflation data. Traders reduced bets on imminent Federal Reserve rate hikes following the inflation report. Escalating Middle East attacks spurred safe haven bids for the dollar and boosted oil prices. The euro and sterling were set for weekly gains against the U.S. dollar. Investor attention will focus on a speech from U.S. President Donald Trump.
Dollar struggles as softer inflation dims Fed hike bets
The dollar weakened significantly after softer inflation data emerged on Wednesday. This data curbed expectations for an immediate Federal Reserve interest rate hike. However, elevated oil prices continue to pose potential inflation risks for the economy. Bond yields also declined following the surprisingly soft consumer price index report. Traders now anticipate the Fed will skip a July rate increase as inflation cools.
Dollar steady before US inflation data, yen under pressure
The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are closely watching upcoming economic indicators and geopolitical developments.
| CURRENCY | PRICE | CHANGE | %CHANGE |
| USD/INR | 95.39 | -0.300003 | -0.313516 |
| EUR/USD | 1.15 | -0.002800 | -0.242886 |
| GBP/INR | 128.3032 | +0.290009 | +0.226546 |
| EUR/INR | 109.7534 | +0.066803 | +0.060904 |
| USD/JPY | 160.039 | +0.509003 | +0.319064 |
| GBP/USD | 1.3441 | -0.002500 | -0.185657 |
| DXY Index | 100.139 | +0.275002 | +0.275376 |
| JPY/INR | 0.5962 | -0.003400 | -0.567049 |
| USD/CAD | 1.4022 | +0.001000 | +0.071362 |
| USD/SGD | 1.2835 | +0.001800 | +0.140434 |
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