The Indian rupee remains under pressure, says Dilip Parmar, research analyst at HDFC Securities. Persistent safe-haven flows into the U.S. dollar and strong corporate dollar demand continues to weigh on the rupee, Parmar says. Broader risk-off sentiment across global markets also continues to weigh…
By Libby GeorgeMore of the world's central banks plan to cut dollar allocations than increase them in the coming decade as political risks associated with the U.S. currency rise, an OMFIF survey of public investors released on Tuesday showed.It is the first time the survey, carried out by the Offic…
Indian stocks, bonds and the rupee showed signs of recovery in the April-June quarter in which oil prices whipsawed between $70 a barrel and above $120 before retreating, as investors tracked the fallout from the Iran war and subsequent ceasefire.The rupee hit a record low, bond yields climbed and…
By Nishit NavinIndian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India NSE:S…
The pound traded around $1.32, close to a seven-month low, as investors remained cautious while awaiting news on the new Treasury leader to replace Rachel Reeves.Andy Burnham, the frontrunner to succeed UK Prime Minister Keir Starmer, who announced his resignation last week, pledged fiscal discipli…
By Jaspreet KalraThe Indian rupee logged its first quarter-on-quarter gain since March 2025, even though it slipped on Tuesday, thanks to a sharp retreat in oil prices and a salvo of policy measures to draw dollar inflows.The currency FX_IDC:USDINR ended the day at 94.66 per dollar, down slightly f…
Building evidence over the economic fallout from the energy price shock in the eurozone has put the euro under increased selling pressure, MUFG Bank's Lee Hardman says in a note. Eurozone economic data have been worse than expected on balance since April, encouraging market participants to scale ba…
0954 GMT - Global air passenger demand fell 2.2% in May due to the war in the Middle East, the International Air Transport Association says. Demand was lead by Africa, and Latin America and Caribbean, where numbers grew 6.6% and 6.1% respectively as measured in revenue passenger kilometers. However…
Central European currencies were little moved on Tuesday as investors assessed news from the Middle East and digested lower-than-expected inflation in Poland.Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire…
U.K. politics remain the biggest and most unpredictable, immediate risk to sterling, Monex Europe analysts say in a note. Andy Burnham, the frontrunner to replace U.K. Prime Minister Keir Starmer who announced his resignation last week, pledged fiscal discipline on Monday. While the comments lifted…
The latest yen depreciation underscores just how oversold the currency is, says Stefan Angrick at Moody's Analytics. Rate spreads between Japan and the rest of the world have narrowed, oil prices have cooled and Japan's fiscal position is in its best shape in decades. "There is simply no reason for…
The yen's slide to its weakest level in 39 years looks like a blunt verdict on Japan's policy mix, says Christy Tan at Franklin Templeton Institute. If Japan wants markets to believe in the yen, it must show that monetary normalization isn't optional, and that growth won't depend on permanently che…
By Megumi FujikawaTOKYO--The newest member of the Bank of Japan's policy board pledged to carefully watch the impact of a weak yen on prices, though she didn't give any clear hints on her monetary policy stance."There is some evidence emerging that suggests currency fluctuations are having a larger…
Markets should prepare for a number of unexpected narratives or 'pain trades' in the second half of the year, according to an HSBC report, with a steepening U.S. Treasury, unabated AI trade and an "explosive" U.S. dollar among the potential surprises in store.Trade in the artificial intelligence se…
By Rocky Swift and Noriyuki HirataThe yen's break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate more yen weakness, with 165 increasingly viewed as the next line in the sand for official intervention.Unlike past rounds of d…
By Alun John and Ankur BanerjeeThe steadily climbing dollar pushed the yen down to levels not seen since 1986 on Tuesday, stoking worries that direct intervention from Tokyo was near, if perhaps not immediate, and also putting the euro under pressure.The greenback climbed to as high as 162.41 yen f…
CANBERA (dpa-AFX) - The Australian dollar weakened against other major currencies in the Asian session on Tuesday, following the release of the Reserve Bank of Australia's (RBA) most recent meeting minutes and significant Purchasing Managers' Index (PMI) data from China.According to the minutes of…
U.S. interest-rate rise expectations make it challenging for Japanese authorities to push back against the yen's sharp fall against the dollar, MUFG Bank's Lee Hardman says in a note. "As we saw back in late April/early May, record intervention from Japan only briefly strengthened the yen but faile…
By Dow Jones Newswires StaffU.S. equity futures edged higher in early European trade while Japan's yen fell to a 40-year low against the dollar Tuesday, raising traders' expectations of a government intervention.Speaking Tuesday, Finance Minister Satsuki Katayama reaffirmed her commitment to stop e…
The European Central Bank's forum on central banking in Sintra, Portugal, is unlikely to materially impact the euro, ING's Francesco Pesole says in a note. ECB President Christine Lagarde's opening remarks Monday were quite measured, he says. There was little to prompt markets to revise expectation…
