Jaiinfoway USDINR Rebounds, USDCHF Steady, USDCAD Pressured by Weak Oil Prices
Navigating the Forex Landscape: Insights from JaiinfowaynExplore the dynamic world of forex trading with Jaiinfoway as your guide. This blog delves into the critical factors influencing currency valuations, including central bank policies, economic
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
JAIINFOWAY: USD/INR REBOUNDS, USD/CHF STEADY, USD/CAD PRESSURED BY WEAK OIL PRICES USD/INR Rebounds as Traders Await Fed Remarks The Indian Rupee (INR) weakens on Thursday amid selling of the US Dollar (USD) by local corporations, foreign inflows into Indian stocks and bonds, and a stronger Chinese Yuan. While these factors support the INR, rising crude oil prices and risk aversion may weigh on the currency, limiting further gains. Traders await key speeches from US Federal Reserve (Fed) officials, including Chair Jerome Powell. Any indication of another 50 basis points rate cut in November could affect the USD/INR trajectory. Additionally, the US GDP and PCE Index reports are set to provide further direction in the coming days. The Asian Development Bank (ADB) projects steady growth for India at 7.0% in 2025, with Moody's forecasting a slightly lower 6.5%. Analytics
USD/CHF Holds Steady Near 0.8500 as SNB Interest Rate Decision Looms USD/CHF remains 0.8500 during session after recent gains, as traders await the Swiss National Bank s (SNB) interest rate decision. The SNB is expected to announce a 25-basis point rate cut during its September meeting. stable Thursday's around Asian Current market sentiment reflects a 63% probability percentage-point cut, with a 37% chance for a larger adjustment. The potential rate cut may put downward pressure on the Swiss Franc (CHF), influencing the pair's movement. of a quarter- USD/CAD Struggles Near 1.3470 Amid USD Weakness, Oil Prices Could Limit Losses The USD/CAD pair faces renewed selling pressure during Thursday's Asian session, trimming gains from its recent recovery near the 1.3420 level, the lowest since March 8. Currently trading around the 1.3470-1.3465 region, the pair is down over 0.10% for the day due to a slight US Dollar (USD) dip. Read more about us- However, weaker Crude Oil prices may cushion the downside. The US Dollar Index (DXY) stalls its recovery as markets anticipate another 50-bps rate cut by the Federal Reserve in November. Website- www.jaiinfoway.com Contact Number- +1 (786) 786-7229 Linkedin- Jaiinfoway Email- info@jaiinfoway.com
