USD/INR rises ahead of holiday-shortened trading week, eyes on possible RBI’s intervention – FXStreet
The Indian rupee lost momentum to an all-time low in early European markets on Tuesday. A weakening offshore Chinese yuan, strong demand for US dollar from importers and rising oil prices are weighing on the Indian rupee. Intervention by RBI may help limit local currency losses. The Indian rupee (INR) extended its decline to near […]
Gold price in India: Rates on December 24 – FXStreet
Gold prices rose in India on Tuesday, according to data compiled by FXStreet. Gold price rose to INR 7,171.28 per gram compared to INR 7,150.38 on Monday. Gold price rose to Rs 83,644.34 per tola from Rs 83,400.63 a day earlier. unit measurement Gold price in INR 1 gram 7,171.28 10 grams 71,712.75 tiger 83,644.34 […]
Australian Dollar remains under pressure following the release of the RBA Meeting Minutes – FXStreet
The Australian dollar has fallen as the RBA could start cutting interest rates in February. RBA minutes suggested the board was becoming more confident about inflation. But the risks still existed. The US dollar strengthened as Fed policymakers signaled a reduction in interest rate cuts in 2025, citing a slowdown in the disinflationary process. The […]
GBP/USD Price Forecast: Pound pressured, 1.2500 in sight – FXStreet
The UK's annual growth rate remained slow in the third quarter of this year. The US reported a modest 0.4% increase in durable goods orders in November. The GBP/USD pair is in the red and the decline could widen towards 1.2500. The British pound resumed its decline against its US rival in US trading on […]
USD/INR rises as renewed US Dollar demand drags Indian Rupee lower to near record low – FXStreet
The Indian rupee fell in early European trading on Monday. The strong US dollar is weighing on the Indian rupee, but periodic intervention by the central bank could limit the rupee's downside. Investors are awaiting the release of the December US Consumer Confidence Index later on Monday. The Indian rupee (INR) remained weak near record […]
Japanese Yen bulls remain on the sidelines; seems vulnerable against USD – FXStreet
The Japanese yen has struggled to take advantage of Friday's modest rebound against the US dollar. Questions about the Bank of Japan's interest rate hike plans and the widening gap in yields between Japan and the U.S. are weighing on the yen. Traders are now looking to the US Consumer Confidence Index for short-term stimulus […]
Gold Price Forecast: XAU/USD flat lines above $2,600 as traders await fresh catalysts – FXStreet
Gold is trading flat around $2,625 in early Asian session on Monday. The Fed's more cautious approach to monetary easing next year will push gold prices lower. Weakening US PCE inflation statistics, a recovery in Chinese gold demand, and geopolitical risks could weigh on XAU/USD. Gold prices (XAU/USD) were stable around $2,625 in early Asian […]
SEC Commissioner Hester Pierce sheds light on Ethereum ETF staking under new administration – FXStreet
SEC Commissioner Hester Pierce said in an interview that the SEC is optimistic about new changes in 2025. She shared that even with a new chairman of the agency, there is still uncertainty around certain decisions. Pearce said the agency is likely to reconsider approving Ethereum ETF staking and in-kind redemptions of the ETF. In […]
US Dollar Index hovers near fresh 25-month highs, 108.50, PCE Inflation awaited – FXStreet
The dollar index previously hit 108.49, the highest since November 2022. The US dollar rose as the Federal Reserve emphasized caution on its policy outlook. U.S. gross domestic product (annualized) reported growth of 3.1% in the third quarter, beating expectations for a 2.8% increase. The US Dollar Index (DXY), which measures the value of the […]
Gold price holds steady around $2,600; upside potential seems limited – FXStreet
Gold prices are attracting some haven funds as the risk of a U.S. government shutdown looms. The global safe-haven driven fall in US bond yields is further benefiting XAU/USD. The Fed's hawkish stance will be a tailwind for the US dollar, limiting further upside. Gold prices (XAU/USD) rose to the $2,600 level during Friday's Asian […]