Price pressures and rupee controls – DBS

Price pressures and rupee controls – DBS

DBS Group Research economist Radhika Rao assesses early post-conflict data for India, highlighting stronger wholesale inflation and modestly higher CPI. She notes that the Wholesale Price Index is more sensitive to commodity and imported costs and is likely to rise further. Rao also discusses range-bound Indian bond yields, abundant banking liquidity, and RBI’s administrative measures […]

XAU/USD steadies near $4,850 amid hopes of new peace talk

XAU/USD steadies near ,850 amid hopes of new peace talk

Gold’s (XAU/USD) nurses minor gains in an “inside day” on Thursday, trading at around $4,820, with price action constrained within Wednesday’s ranges. Hopes of new peace talks between the US and Iran keep precious metals buoyed, but the XAU/USD pair is failing to break resistance at the $4,850 area. US President Donald Trump boosted market […]

US Dollar Index inches higher above 98.00 despite risk-on mood

US Dollar Index inches higher above 98.00 despite risk-on mood

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, halts its losing streak that began on April 6 and is trading around 98.20 during the European hours on Thursday. The US Dollar (USD) receives some support as traders view the situation around the Strait of Hormuz […]