EUR/USD remains down after robust US data and the US-India agreement
The euro (EUR) has given back earlier gains against the US dollar (USD) on Tuesday, dipping below the 1.1800 mark to trade at around 1.1780. This change followed robust US manufacturing data and news of a trade agreement between the US and India, which bolstered the USD on Monday, easing fears surrounding a possible US […]
Indian Rupee remains weak amid uncertainty in US-India trade
The Indian rupee is expected to strengthen in early European trading on Tuesday. New tax reforms introduced by Prime Minister Modi’s administration are likely to bolster the INR, though global uncertainties may affect its overall impact. Traders are looking forward to the HSBC PMI data for India to be released on Thursday, ahead of the […]
Vance, Modi announce ‘roadmap’ for US-India trade agreement — as White House tries to build momentum for deals
WASHINGTON – Vice President JD Vance and Indian Prime Minister Narendra Modi said Monday that they have agreed to a “roadmap” of negotiations on trade contracts to avoid the looming “mutual” tariffs. Little is known about how negotiations are actually progressing with countries such as Japan, South Korea, Australia, Vietnam and the UK. Sources close […]