Akhtar Faruqui

USD/CAD depreciates as Canada’s hot retail sales and inflation data increase the likelihood of a BoC’s steady stance in June. The US Dollar extends its losses amid growing US-debt concerns. The US deficit could increase by $3.8 billion if Trump’s […]

The Australian Dollar strengthens as the US Dollar attracts sellers due to rising US economic concerns. However, the AUD may lose its ground as the RBA could deliver further rate cuts. The US fiscal deficit could increase if Trump’s “One

USD/CHF trades lower as the US Dollar struggles due to growing concerns over the fiscal deficit in the United States. The Congressional Budget Office expects that Trump’s “One Big Beautiful Bill” may increase the deficit by $3.8 billion. The safe-haven

AUD/JPY may face challenges due to the rising odds of further rate cuts by the RBA. RBA Governor Michele Bullock called the rate cut decision proactive and a confidence booster for an unstable economy. The Japanese Yen continues to gain

WTI price weakens amid oversupply fears following potential Russia-Ukraine ceasefire talks. President Trump stated that Ukraine and Russia are preparing to begin immediate ceasefire negotiations, potentially without US involvement. The PBoC lowered both the one- and five-year Loan Prime Rates

The Australian Dollar holds losses after People’s Bank of China cut its one-year Loan Prime Rate to 3.00% from 3.10%. The Reserve Bank of Australia is expected to cut interest rates by 25 basis points on Tuesday. The US Dollar

The US Dollar Index faces pressure after Moody’s downgraded the US credit rating by one notch. Moody’s now projects US federal debt to surge to around 134% of GDP by 2035, up from 98% in 2023. US Treasury Secretary Bessent

The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some

EUR/USD rises as US Dollar weakens in response to Moody’s decision to downgrade the US credit rating by one notch. Moody’s forecasts US federal debt to rise sharply, reaching around 134% of GDP by 2035, up from 98% in 2023.

EUR/GBP remains supported by a stronger Euro, even amid growing expectations of further rate cuts by the ECB. ECB’s Francois Villeroy de Galhau remarked, “We are not currently in a currency war but rather a trade war situation.” The UK’s