Quick Look The RBI grew forex reserves to $645,580,000,000, marking six weeks of growth. Reserves increased by $26,500,000,000 over five weeks, aiming to stabilize the Rupee. RBI uses direct market interventions to manage currency volatility.
Quick Look NZD/USD: Exhibits negative momentum with RSI at 47.15 and bearish MACD, struggling below key SMAs. AUD/USD: Shows resilience with support near $0.6550, facing resistance at $0.6580 and $0.6620. Comparative Insight: NZD/USD is under
Quick Look USD/CHF Experiences a Corrective Phase, Highlighting Market Consolidation Critical for Future Direction. Mixed US Economic Data Impacts Market Dynamics and Currency Pair Fluctuations. GBP/USD Sees Influence from US Data, Oscillating Between Key Resistance
Quick Look: USD/CAD hovers around 1.3580, awaiting US labour data and the Fed’s rate decision. US Nonfarm Payrolls and JOLTS Job Openings spotlight key economic indicators. March Manufacturing PMI at 50.3, signalling growth and resilience
Quick Look USD/MXN dips below 17.000, indicating a strong Mexican peso against the US dollar. Mexican interest rates rise significantly, outpacing US rates and attracting investors. Nearshoring trends boost Mexico’s economy as US companies relocate
Quick Look Japanese Yen Hits Weakest Level Since 1990: The USDJPY pair surged to its highest over three decades. Chinese Yuan Weakens Further: USDCNY climbs above 7.2 amidst continued negative sentiment towards China. Dollar Nears
Quick Look EUR/USD floundered despite the Federal Reserve’s unexpectedly dovish stance. GBP and CNY weakness contributed to EUR/USD’s decline. Breaking through the 50-day moving average, the trend now leans towards selling on rallies. In an
Quick Look India’s forex reserves hit a historic peak of $642.49 billion in the week ending March 15 Fourth consecutive week of growth in reserves, showcasing a robust uptrend Significant rise in foreign currency assets
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