ICICI Direct, The Euro extended its gain on Tuesday amid hawkish comments from the ECB member Muller.
ICICI Direct, The pound moved higher on Monday, after BoE Governor Andrew Bailey sounded hawkish.
ICICI Direct, The Euro slid the most on Friday after European banking concerns diminished the bullish bets on the Euro.
ICICI Direct, The US dollar index fell to its lowest level in a month to 102.53 after the Fed raised rates by 25 bps in line with market expectations.
According to Way2Wealth, USDINR pair was consolidating near key levels since last few trading sessions. USDINR pair recorded the high of 82.73 and low of 82.55 to settle on a flat note on Tuesday.
ICICI Direct, The US dollar index fell almost 0.57% on Monday to its lowest level in a month amid boost in dollar funding by Fed and other central banks.
ICICI Direct, The US dollar index fell more than 0.50% on Friday as University of Michigan’s March US inflation expectations index declined below 4% for the first time since May 2021 to 3.8%.
According to Way2Wealth, USDINR pair was consolidating near key levels since last few trading sessions. USDINR pair recorded the high of 82.87 and low of 82.65 to settle on a flat note on Thursday.
ICICI Direct, The Euro continued to trade above the key psychological level of 1.07 as recovery in global equities helped it to trade on a firmer note.
ICICI Direct, The Euro resumed its rally on Monday amid a sell-off in the dollar. The pair rose by 0.86% on Monday to 1.073 amid expectation that ECB will raise interest rates by 50 bps in its next policy.
ICICI Direct, The Euro extended its rebound on Friday as dollar slide to its lowest level in a week.
ICICI Direct, The Euro witnessed a rebound on Thursday as weakness in the dollar supported the Euro to rise back towards key psychological zone of 1.06.
ICICI Direct, The US dollar index extended Tuesday’s gain amid strong labour market data. US ADP employment numbers and JOLTS job openings indicated strength in the job market.
ICICI Direct, The US dollar index rallied more than 1.25% on Tuesday. The hawkish comments from Fed chair Jerome Powell sent the dollar to its eight week high as he said the ultimate level of interest rate is likely to be higher than anticipated earlier.
ICICI Direct, The US dollar index fell 0.42% on Friday on lower bond yields, after the Fed policy makers pointed a slow and steady approach is the need of the hour despite strong job market.
ICICI Direct, The US dollar index rallied more than 0.5% after US Jobless claims dropped to 190k, suggesting strong job market.
According to Religare Retail Research, The USDINR pair depreciated by 0.23% percent at 82.71 in the previous session, amid lackluster trend in the dollar index.
ICICI Direct, The Euro bounced back from its one and half month low on Monday and closed above the 1.06 mark amid weak dollar and rise in risk appetite in the global markets.
ICICI Direct, The Pound depreciated by 0.60% on Friday amid strong dollar and risk aversion in global markets.
ICICI Direct, The Euro remained volatile and dropped yesterday amid strong dollar and sharp drop in German 10 years bond yields.
ICICI Direct, The US dollar edged higher on Wednesday after the US Federal Reserve meeting minutes showed policymakers are determined to hike interest rates by 25 bps in the next meeting to tame persistently high inflation.
ICICI Direct, The US dollar rose on Tuesday amid stronger than expected economic data from the US. The US services sector expanded in early February with S&P Global services PMI rising to 50.5 from 46.8 in January.
ICICI Direct, The Euro fell 0.09% on Monday despite better-than-expected consumer confidence data from the euro area.
ICICI Direct, The pound depreciated almost 0.30% on Thursday amid strong dollar and as Britain's softer-than-expected inflation eased tightening pressures from the Bank of England.
ICICI Direct, The pound depreciated by 1.20% yesterday amid a strong dollar and sharp drop in UK 10 year’s bond yields.