WIDGETS / TEMPLATES

EforexIndia's Live Currency Converter


Live Forwards


IndiaFX and GlobalFX


IndiaFX

The Rupee closed weak on Tuesday as weak risk appetite amplified lingering pressure from hedging demand and portfolio outflows amid continued uncertainty over a U.S. trade deal. The South Asian unit hit an all-time low for the fourth consecutive session, with traders anticipating that the central bank may step in more aggressively to avoid a speculative build-up against the currency. Foreign investors have net sold over $18 billion of local stocks so far in 2025. The a risk-off mood in global markets also singed Indian stocks on Tuesday, dragging down the benchmark Nifty 50 by 0.6%. Investors are treading lightly ahead of a slate of U.S. data later in the day that will help gauge the U.S. rate trajectory next year. MSCI's gauge of Asian equities outside of Japan fell over 1%, while regional currencies were mixed and the dollar was steady against a basket of major peers. The U.S. dollar fell against major peers on Tuesday after the release of delayed economic data showing stronger-than-expected jobs growth, signalling that the Federal Reserve might be cautious in continuing to cut interest rates in the near term. The employment report was delayed because of the 43-day U.S. federal government shutdown. The greenback eased against its peers following the data. It was last down 0.26% to 0.79435 against the Swiss franc . Fed funds futures are pricing an implied 73.4% probability of a hold in rates at the U.S. central bank's next meeting on January 28, up from nearly 70% a week ago, according to the CME Group's FedWatch tool. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.22% to 98.05. It is on track for the second straight session of losses. The euro was up 0.3% to $1.1788 against the greenback, touching its highest level since September and on track for the fifth consecutive session of gains. The Bank of England, on the other hand, looks set for a knife-edge vote on interest rates this week with Governor Andrew Bailey expected to change his view and tip the balance for a cut. Sterling strengthened 0.39% to $1.3425, hitting its highest level in two months ahead of the BoE's decision on Thursday. A rate hike from the Bank of Japan is largely baked in, although any signal that policymakers could tighten again before spring wage talks would mark a hawkish shift. The dollar dropped 0.38% to 154.615 against the yen ahead of the BoJ's decision on Friday. Sweden's Riksbank and Norway's Norges Bank are expected to leave interest rates unchanged after their policy meetings this week. The Swedish crown strengthened 0.09% versus the dollar to 9.287. Against the Norwegian krone, , the dollar strengthened 0.38% to 10.173. Oil prices fell below $60 a barrel on Tuesday, the lowest since May, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations sanctions could be eased. Brent crude futures fell $1.03, or around 1.7%, to $59.53 a barrel at 1340 GMT, while U.S. West Texas Intermediate crude was trading at $55.76, down $1.06, or 1.9%.......
More

GlobalFX

The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......
More

Live Marquees

EforexIndia

Australia plans tougher gun laws after police say father and son killed 15 at Bondi Beach

US tells Ukraine it must withdraw from Donetsk region for peace deal, says person familiar with talks

Ukraine prepares to unveil updated peace proposal to US

'Shockingly high' number of Gaza children still acutely malnourished after truce, UN says

US backs Japan in dispute with China over radar incident

India and EU will push for trade deal as deadline approaches, Indian minister says

Microsoft unveils $23 billion in new AI investments with big focus on India

Forex Talk