Financial markets traded cautiously early Thursday as investors moved to the sidelines ahead of fresh macroeconomic data releases from the United States, while also monitoring developments from talks between US President Donald Trump and Chinese President Xi Jinping. The US Dollar continued to strengthen against major peers after stronger-than-expected inflation data from the United States
The Indian rupee weakened to a fresh all-time low on Wednesday, extending its losing streak as overseas debt repayments and importer hedging demand continued to pressure the local currency despite limited support from higher import duties on precious metals. The rupee weakened 0.1% to 95.7450 per dollar, slipping past its previous record low of 95.7375
The US dollar strengthened early Tuesday as investor sentiment weakened amid rising concerns over the fragile ceasefire between the United States and Iran. Markets are also closely watching the upcoming US Consumer Price Index data for April, which could influence expectations around Federal Reserve policy. The souring risk mood pushed investors toward safe-haven assets, helping
The USD/ZAR exchange rate will be in the spotlight this week as investors react to a recent court ruling that raised impeachment risks for President Cyril Ramaphosa. It was trading at 16.43, down from the April high of 16.91 and the year-to-date high of 17.2470. Cyril Ramaphosa’s impeachment risks rise The South African rand has
The USD/MXN exchange rate has come under pressure in the past few months as top emerging market currencies continued to beat the US dollar. It dropped to 17.30 on Friday, down from the year-to-date high of 18.14 as focus shifted to the US non-farm payrolls data and May 7th’s Mexico interest rates decision. US non-farm
Sterling edged higher against the dollar on Thursday as investors reacted to developments surrounding the Iran conflict, while also monitoring British local elections that could increase political pressure on Prime Minister Keir Starmer. The pound was last up 0.2% against the dollar at $1.3621, adding to Wednesday’s 0.4% rise. Traders responded to reports suggesting the
The British pound strengthened against the dollar on Wednesday after investors reacted positively to reports suggesting the United States and Iran were moving closer to a deal aimed at ending the war. Sterling rose 0.6% to $1.3621, trading near its highest level since February. Against the euro, the pound remained largely unchanged, leaving the single
The British pound remained broadly stable on Tuesday, as traders turned their attention to the upcoming UK local elections and escalating tensions between the United States and Iran in the Strait of Hormuz. Sterling was little changed at $1.3539 and edged slightly higher against the euro, trading at 86.31 pence. Market participants appeared cautious, balancing
The Japanese yen was largely unchanged on Monday morning as investors reacted to last week’s intervention by the Bank of Japan (BoJ). The USD/JPY exchange rate was trading at 158 on Monday, down from last week’s high of 160. Bank of Japan intervention The USD/JPY exchange rate is in the spotlight this week as investors
The British pound held close to a 10-week high against the US dollar on Friday. Traders assessed a week dominated by central bank decisions. The Bank of England (BoE) kept interest rates unchanged. It also warned about inflation risks linked to the Iran war. Sterling was little changed at $1.3606. It was slightly weaker against