Citi predicts the USD-INR exchange rate could dive below 90 following a landmark US-India trade deal. This game-changing agreement is poised to turbocharge bilateral trade, sending the rupee soaring against the dollar, CNBC reports
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The Indian rupee soared against the dollar, driven by a softer U.S. currency and a wave of positive market sentiment sparked by rising optimism over the EU-India trade pact, Reuters reports. Investors are buzzing with confidence, eyeing exciting trade opportunities on the horizon
China set its yuan midpoint below market expectations, signaling a cautious and deliberate approach to currency gains. This move highlights Beijing’s strategy to ensure a steady yuan appreciation despite ongoing economic uncertainties, Bloomberg reports
The Indian rupee’s sharp dive has thrown the spotlight on the daunting challenge authorities face in defending the currency against a soaring dollar and rising capital outflows, raising concerns about just how far intervention efforts can stretch
The Japanese Yen is set to soar as it gains strength against a faltering US Dollar. With trade uncertainties and economic hurdles weighing down the USD, experts believe this upward trend could accelerate in the weeks ahead. Buckle up for an exciting ride in the currency markets!
Italy’s manufacturing PMI for February came in at 47.4, exceeding expectations of 46.8, indicating a slight improvement in economic activity. Despite remaining below the critical 50 threshold, this uptick suggests resilience in the sector amidst ongoing challenges.