USDINR was up on Tuesday as traders absorbed US President Donald Trump’s inauguration speech. Trump gave hints that he will waste no time in instituting tariffs against imports into the United States, but did sign any executive order to that effect. Trump signed nearly 50 executive orders, and revoked 78 issued by Joe Biden on…
Strong inflation data from India broke the US dollar’s hold of the rupee on Tuesday, with the USDINR pair down by 0.06% and trading at 86.62 at the time of writing. India’s Wholesale Price Index (WPI) reading for December came out at 2.37%, substantially up from November’s 1.89% and exceeding the forecast rate of 2.30%….
What is EUR/USD EURUSD is the exchange rate value of one euro to US dollars. It indicates how many US dollars (USD) are needed to purchase one euro (EUR). For example, if the EUR/USD rate is 1.50, it means that 1 euro can be exchanged for 1.50 US dollars. EURUSD pair is the most traded…
Summary The GBPUSD rose after the Bank of England held interest rates steady at 5%, with policymakers signalling caution on inflation while markets anticipate potential rate cuts in the months ahead. The GBPUSD exchange rate gained on Thursday after the Bank of England kept interest rates steady at 5%. GBPUSD – Daily Chart The price of the CH50…
