New Zealand Dollar rises as US Dollar remains sluggish due to optimism in the bond market – FXStreet
The New Zealand dollar strengthened after the RBNZ cut the official cash rate by 50 basis points in November. RBNZ Governor Orr noted that this forecast is consistent with a possible 50 basis point rate cut in February 2025. The dollar has struggled due to optimism in bond markets following President-elect Donald Trump's appointment of […]
US Dollar trades mixed after positive Consumer Confidence data – FXStreet
Next to be released later Tuesday are the FOMC minutes. The US dollar fluctuates after the Consumer Confidence Index from the Conference Board turns positive, before volatility subsides. President-elect Trump threatens tariffs on Mexico, Canada, China to boost US dollar. In trading on Tuesday, the US Dollar Index (DXY), which measures the value of the […]
Forex Today: CAD and MXN under pressure, USD recovers modestly ahead of FOMC Minutes – FXStreet
Here's what you need to know on Tuesday, November 26th. Following the bearish moves seen earlier in the week, the US dollar (USD) recovered modestly early on Tuesday. The US economic calendar includes September's home price index, October's new home sales statistics, and November's Conference Board Consumer Confidence Index. The US Federal Reserve will release […]
GBP/USD recovers a major part of its intraday losses, climbs back above mid-1.2500s – FXStreet
GBP/USD is attracting some bullish buying after falling to around 1.2500 during the day. The US dollar has struggled to capitalize on its modest gains, giving some support to the majors. Bets that the Fed will slow interest rate cuts and rising U.S. Treasury yields could favor dollar bulls and cap any upside. The GBP/USD […]
Gold price in India: Rates on November 26 – FXStreet
Gold prices in India remained almost flat on Tuesday, according to data compiled by FXStreet. Gold price was almost stable at INR 7,113.87 per gram compared to Monday's INR 7,112.67. Gold prices were almost stable at Rs 82,974.10 per tola from Rs 82,960.83 a day earlier. unit measurement Gold price in INR 1 gram 7,113.87 […]
US Dollar declines on quiet Monday, markets await drivers – FXStreet
The US dollar index weakened towards 107.00. Profit-taking after November's sharp rally put pressure on the US dollar. Expectations of lower U.S. corporate tax rates and a wave of deregulation should increase foreign portfolios and FDI inflows to the United States. The US Dollar Index (DXY) retreated from a two-year high on Friday, softening towards […]
USD/INR loses momentum on MSCI rebalancing and softer US Dollar – FXStreet
The Indian rupee gained momentum in early European trading on Monday. Inflows from MSCI's index rebalancing are expected to support INR, but portfolio outflows and a stronger US dollar may limit gains. The Chicago Fed National Activity Index and the Dallas Fed Manufacturing Business Index will be released later on Monday. The Indian rupee (INR) […]
Australian Dollar appreciates as US Dollar corrects downwards after hitting two-year highs – FXStreet
The Australian dollar is gaining as the US dollar has retreated from a two-year high of $108.07 on Friday. The S&P/ASX 200 index rose to an all-time high above 8,450 as Australian shares reflected Wall Street's momentum. President-elect Donald Trump has selected Scott Bessent, a Wall Street veteran and fiscal conservative, to be his Treasury […]
Gold price in India: Rates on November 25 – FXStreet
Gold prices in India fell on Monday, according to data compiled by FXStreet. Gold price fell at INR 7,241.09 per gram compared to INR 7,336.61 on Friday. Gold price fell to Rs 84,458.34 per tola from Friday's Rs 85,572.77 per tola. unit measurement Gold price in INR 1 gram 7,241.09 10 grams 72,410.62 tiger 84,458.34 […]
Gold Price Forecast: XAU/USD holds above $2,700 on softer US Dollar, geopolitical risks – FXStreet
Gold prices attracted some buyers in the early Asian session on Monday, rising to nearly $2,720. Escalating geopolitical tensions between Russia and Ukraine are driving up gold prices. The Fed's cautious stance could cap gold's upside. Gold prices (XAU/USD) soared to around $2,720 early Monday Asian time. A decline in the U.S. dollar (USD) provides […]