Tag: Forex
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Asia FX Talk: USD at a Pivotal Juncture as DXY Eyes Key Support
Overview: USD Under Pressure as DXY Stalls Near a Major Level The Asia-focused currency debate is intensifying as the broad US dollar index (DXY) continues to trade under downward pressure. After slipping below the 98.00 handle, the DXY now sits in a technically pivotal zone. Traders and policymakers are watching closely: a further move lower…
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Rupee slides to new low, hits 91.28 per dollar in early trade amid broad dollar strength
Rupee slides to a new low against the US dollar The Indian rupee extended its downward trajectory in early trading, slipping 31 paise to 91.28 per dollar. This marks another fresh low for the currency, continuing a stretch of weakness that has kept the exchange rate in the spotlight for traders, policymakers, and businesses alike.…
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Rupee Slumps to 91.28 Against the Dollar in Early Trade, Marking New Low
Rupee Dips to a Fresh Low in Early Trade The Indian rupee extended its depreciation on Wednesday, slipping 31 paise to reach 91.28 against the U.S. dollar in early trading sessions. The fresh lows add to a downward streak that has frustrated importers and policymakers alike, as the currency remains sensitive to global dollar strength…
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Nomura, FXBO, Exness, and More: Executive Moves of the Week
Overview: A Week of Leadership Shifts in the Forex and Online Trading Arena The online trading ecosystem is always in motion, and this week’s slate of leadership changes signals intensified focus on growth, technology, and customer experience. From top-tier financial institutions to boutique FX technology providers, several firms announced senior appointments that are likely to…
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INR vs USD: 5 Reasons the Rupee Remains Under Pressure
Current status of INR against the USD The rupee has continued its downward trajectory against the US dollar, with the currency slipping on multiple sessions as global dollar strength looms. In early trading, the INR traded around the 90.40–90.50 per dollar mark amid persistent foreign outflows and a cautious global mood. While local economic indicators…
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Rates Spark: Sterling Rates Slide as US TIC Data Adds Mixed Signals
Overview: Sterling Rates Move Lower on Growth Reassessment Sterling has eased further over the past month as traders reassess the UK’s economic trajectory and the global growth backdrop. While the path ahead remains nuanced, the balance of risks suggests sterling could face additional pressure if the UK’s jobs market softens faster than anticipated. The immediate…
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Bessent Encourages Confidence in the Won as He Questions Its Decline
Introduction: A Rare Voice in a Volatile Market In a surprising move that caught traders off guard, Treasury Secretary Scott Bessent offered rare verbal support for South Korea’s won as it slumped toward its weakest level since 2009. The public endorsement, unusual for a senior U.S. official in the currency arena, touched off a brief…
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Ringgit Dips Against USD but Rises Against Major Currencies Amid Geopolitical Tears and Fed Pressure
Ringgit Ties to Global Cues as USD Pressure Persists The Malaysian ringgit opened the trading session lower against the US dollar, reflecting cautious risk sentiment among investors amid ongoing geopolitical tensions and renewed expectations of Federal Reserve policy moves. Traders monitored headlines as geopolitical risk remained a volatile backdrop, while the Fed faced renewed calls…
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Ringgit Dips to USD but Rises Against Major Currencies on Mixed Markets
Ringgit Opens Lower Against the US Dollar, Yet Strengthens Against Major Currencies The Malaysian ringgit opened the trading session on a mixed note, slipping against the U.S. dollar while gaining ground against several major currencies. Market participants cited geopolitical tensions and ongoing political pressure on the U.S. Federal Reserve as key drivers shaping sentiment for…
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Ringgit Opens Lower Against USD, Rises vs Major Currencies
Overview: Ringgit moves in mixed directions The Malaysian ringgit opened lower against the U.S. dollar on Wednesday, even as it posted gains against several major currencies. Traders cited a mix of geopolitical risk factors, carry-over market sentiment from recent headlines, and ongoing political discourse about monetary policy as drivers behind the uneven moves in the…