Forex
Latest news, explainers and analysis on Forex. Tracking 16 stories on Arth Vani.
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Latest on Forex
US Dollar Falls as Fed's Waller Sounds Dovish, Yen Strengthens
The US dollar recently weakened in global markets following comments from Federal Reserve Governor Christopher Waller, which were perceived as less aggressive on interest rates. This decline was further amplified by a strengthening Japanese Yen against the dollar.
BreakingRBI Expects Minimal Cost from Record Dollar Inflows Amid High US Treasury Yields
The Reserve Bank of India (RBI) anticipates low costs despite managing a significant influx of foreign currency, or 'dollar deluge'. This is primarily due to high interest rates on US government bonds, which are expected to offset potential hedging expenses. This scenario could also reduce the central bank's currency intervention costs and potentially impact future surplus transfers to the government.
FCNR Scheme Attracts Billions, But Rupee Pressure Persists
Despite an FCNR scheme attracting significant foreign currency inflows, described as 'billions' and 'unprecedented dollar mobilization', the Indian rupee has largely reversed its initial gains. This suggests that while the scheme brought in funds, it did little to ease the underlying pressure on the rupee.
Yen Intervention Gains Fade in a Month, Long-Term Slide Continues
One month after Japan and the US intervened to boost the Japanese Yen, financial strategists report mixed results. While the intervention slowed the currency's short-term slide, it did little to alter the underlying economic forces driving its longer-term depreciation.
US Dollar Hits Three-Month Low Amid Treasury Buyback Concerns
The US Dollar has fallen to a three-month low, primarily driven by market worries surrounding potential US Treasury buybacks. This development could have implications for global currencies, commodity prices, and Indian financial interests, including trade and investments.
BreakingUS Dollar Rebounds Following News of Treasury Buyback Plan
The US dollar has recovered earlier losses, strengthening against major global currencies. This rebound is primarily attributed to news regarding a US Treasury buyback plan, which typically influences bond markets and investor sentiment.
Indian Travellers Maintain Europe Holiday Plans Despite Heatwave, Northern Europe Spending Up
Asian travellers, including those from India, are showing a resilient appetite for European holidays despite recent record-breaking heatwaves. A global report indicates that spending in Northern Europe, in particular, is projected to increase, signalling continued strong demand for the continent.
Yen Stabilizes in US Trading on Fresh Intervention Speculation After Joint US-Japan Action
The Japanese Yen remained stable during New York trading on Monday, following earlier sharp gains that sparked speculation of new intervention by authorities. This potential action comes after a coordinated effort last week between the US and Japan to support the currency. Such moves are closely watched globally due to their impact on international finance and trade.
BreakingRBI's Forex Inflow Programs May Attract $100 Billion, Bolstering Rupee
India's Reserve Bank of India (RBI) has launched special foreign exchange inflow programs anticipated to draw in approximately $100 billion. These initiatives have already mobilized over $40 billion in foreign currency, aiming to stabilize the Indian Rupee and control imported inflation for a stronger economy.
BreakingGlobal Markets Face Big Tech Earnings & US Fed Rate Decision This Week
This week, global financial markets are closely watching key earnings reports from major US tech companies like Amazon, Apple, Meta, and Microsoft. Simultaneously, the US Federal Reserve's interest rate decision will significantly influence market sentiment worldwide, including in India.
Japanese Yen Plunges to 38-Year Low Against Dollar, Recovers on BOJ Hike Hopes
The Japanese Yen (JPY) recently fell past 163 against the US Dollar (USD), marking its lowest point since 1986, before recovering slightly. This volatile movement was driven by market expectations of potential interest rate hikes from the Bank of Japan, which could strengthen the currency.
US Dollar Holds Key Strength Against Global Currencies: What it Means for India
The US Dollar is maintaining its strength against major global currencies, successfully defending a key technical support level. This sustained dollar strength has significant implications for the Indian economy and personal finances, potentially impacting import costs, foreign travel, and investment flows.
BreakingIndian Banks Attract $20.7 Billion Via RBI's Special Foreign Currency Scheme
Indian banks have successfully attracted $20.7 billion in foreign currency through a special incentive window offered by the Reserve Bank of India (RBI). A significant portion, $17.4 billion, came from FCNR(B) deposits within just six weeks, easing earlier concerns about the scheme's effectiveness and boosting India's foreign exchange reserves.
Rupee Slips Amidst Stock Dip, Dollar Demand Despite Positive Asian Cues
The Indian rupee weakened against the US dollar on Monday, despite positive news from US-Iran de-escalation and stronger Asian currencies. A dip in local stock markets, coupled with increased dollar demand from foreign banks, weighed heavily on the currency. Investors are now closely watching upcoming US economic data for clues on future interest rate decisions.
India and UAE Push for More Rupee-Dirham Trade to Cut Costs and Delays
India and the UAE are intensifying efforts to settle more bilateral trade in local currencies rather than the US Dollar. Currently, 15% of trade is handled in Rupee and Dirham, a move that promises cheaper and faster transactions for businesses and NRIs.
Rupee Finds Footing as RBI Steps In; Relief for Students and Travelers
The Indian rupee is stabilizing following strategic interventions by the Reserve Bank of India and a dip in global oil prices. Financial analysts have now lowered their depreciation forecasts, easing concerns over rising costs for imports and foreign education.
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