Indian Rupee rises as RBI introduces fresh measures against US Dollar buying

Indian Rupee rises as RBI introduces fresh measures against US Dollar buying

The Indian Rupee (INR) trades higher against the US Dollar (USD) on Friday, as the opening of special credit lines for state-run oil buyers to meet their foreign exchange needs has strengthened the Asian currency. The USD/INR pair declines to near 92.70 after remaining sideways in the last two trading days. On Thursday, the Reserve […]

Downtrend resumes with stable forecasts – Danske Bank

Downtrend resumes with stable forecasts – Danske Bank

Danske Research Team notes that EUR/USD has retraced its war-linked decline and now trades around 1.18. They have revised their 1M and 3M EUR/USD forecasts to 1.18, expecting the pair to stay near current levels in the short term. Over a longer horizon, they project a higher EUR/USD, driven by relative monetary policy, Oil normalization […]

Pound Sterling declines as BoE hike bets ease

Pound Sterling declines as BoE hike bets ease

GBP/USD loses ground for the third successive day, trading around 1.3520 during the Asian hours on Friday. The Pound Sterling (GBP) remains under pressure as traders pare back expectations for a Bank of England (BoE) rate hike, amid increasing optimism that tensions in the Middle East may be easing. BoE Governor Andrew Bailey told BBC […]