US UoM Consumer Sentiment Index is seen at 55.5 in March

US UoM Consumer Sentiment Index is seen at 55.5 in March

American consumer confidence deflated in early March, as households grew more pessimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan. The closely watched Consumer Sentiment Index receded to 55.5 from 56.6 in the previous month, surpassing economists’ expectations (55.0) and signalling some weakening in public confidence.  […]

Intervention talk caps gains – BNY

Intervention talk caps gains – BNY

BNY’s Head of Markets Macro Strategy Bob Savage highlights that Japanese authorities are stepping up FX warnings as USD/JPY trades just below 160. Finance Minister Satsuki Katayama signalled readiness to act against volatility linked to Middle East tensions and higher Oil prices, while the weaker Japanese Yen is pushing 10-year JGB yields higher. The Bank […]

USD/INR trades near all-time highs due to higher US Dollar demand

USD/INR trades near all-time highs due to higher US Dollar demand

USD/INR has recovered its daily losses and is trading near an all-time high of 92.90 in the previous session. However, the pair faced challenges as the Indian Rupee (INR) strengthened, with the Reserve Bank of India (RBI) likely selling US Dollars (USD) to support the domestic currency amid rising Oil price concerns, traders told Reuters. […]