The Indian Rupee (INR) came under renewed pressure during Tuesday’s early European session, reflecting a broader strengthening in the US Dollar (USD). The surge in the greenback, coupled with rising crude oil prices, led to a sharp pullback in INR’s recent momentum. At the center of the move is a growing divergence between domestic fundamentals...
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Australian Dollar Dips as US Dollar Strengthens Ahead of Key JOLTS Job Openings Data
The Australian Dollar (AUD) came under renewed selling pressure on Tuesday, reversing its prior gains as the US Dollar (USD) retained strength ahead of the closely watched JOLTS Job Openings report. The AUD/USD currency pair remained under pressure following the release of the Reserve Bank of Australia (RBA) Meeting Minutes from May, disappointing Chinese economic...
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USD/CHF Price Forecast: Remains Capped Below 100-day EMA, Bearish Bias Prevails Below 0.8200
The USD/CHF currency pair is showing modest upward movement, trading near 0.8180 in Tuesday’s early European session, underpinned by a slight recovery in the US Dollar (USD). Despite this uptick, the pair continues to exhibit a bearish technical structure, remaining constrained beneath the 100-day Exponential Moving Average (EMA). With a Relative Strength Index (RSI) still...
