Forex News
- NZD/USD gives up half of its early gains but is still trading higher to near 0.5980.
- Renewed US trade policy uncertainty has weighed heavily on the US Dollar.
- The US Supreme Court strikes down Trump’s tariff policy.
The NZD/USD pair gives back half of its early gains during the early European trading session on Monday after facing selling pressure above the psychological barrier of 0.6000. Still, the kiwi pair trades 0.13% higher to near 0.5980 as the US Dollar (USD) underperforms due to renewed uncertainty over the United States (US) trade policy.
During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.35% to near 97.45.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.34% | -0.30% | -0.48% | -0.14% | 0.07% | -0.21% | -0.41% | |
| EUR | 0.34% | 0.04% | -0.15% | 0.21% | 0.42% | 0.13% | -0.05% | |
| GBP | 0.30% | -0.04% | -0.19% | 0.15% | 0.37% | 0.09% | -0.09% | |
| JPY | 0.48% | 0.15% | 0.19% | 0.36% | 0.58% | 0.29% | 0.13% | |
| CAD | 0.14% | -0.21% | -0.15% | -0.36% | 0.22% | -0.07% | -0.24% | |
| AUD | -0.07% | -0.42% | -0.37% | -0.58% | -0.22% | -0.28% | -0.46% | |
| NZD | 0.21% | -0.13% | -0.09% | -0.29% | 0.07% | 0.28% | -0.18% | |
| CHF | 0.41% | 0.05% | 0.09% | -0.13% | 0.24% | 0.46% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The appeal of the US Dollar diminishes as the US Supreme Court strikes down President Donald Trump’s tariff policy, calling it “unlawful”. In response, Trump announced 15% global tariffs to offset the impact of SC’s verdict.
In addition to the US trade policy uncertainty, weak Q4 Gross Domestic Product (GDP) and slower-than-expected growth in the S&P Global Purchasing Managers’ Index (PMI) data for February are also acting as a major drag on the US Dollar.
On the monetary policy front, investors await speeches from a slew of Federal Reserve (Fed) officials scheduled during the week. Currently, traders are confident that the Fed will keep interest rates unchanged in the March and April policy meetings, according to the CME FedWatch tool.
In New Zealand (NZ), Q4 Retail Sales data have come in stronger-than-projected. Earlier in the day, the data showed that Retail Sales grew 0.9%, faster than 0.6% estimates, but slower than the previous reading of 1.9%.
Going forward, the New Zealand Dollar (NZD) will be influenced by the People’s Bank of China’s (PBoC) monetary policy announcement on Tuesday.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
- Gold prolongs its uptrend for the fourth straight day and draws support from a combination of factors.
- Trade-related uncertainties and rising geopolitical tensions underpin demand for the safe-haven bullion.
- Fed rate cut bets and a broadly weaker USD provide an additional boost to the non-yielding commodity.
Gold (XAU/USD) sticks to its bullish bias near the monthly peak heading into the European session on Monday and looks to build on last week's breakout through the $5,100 mark amid a supportive fundamental backdrop. Renewed trade-war fears, along with rising geopolitical tensions in the Middle East, turn out to be key factors that underpin the safe-haven precious metal and validate the constructive outlook.
US President Donald Trump announced a new framework following a Supreme Court verdict against his sweeping tariffs and imposed a new global levy of 15% – the maximum allowed under the statute – on items imported into America. This, in turn, fueled concerns about retaliatory measures and potential economic fallout from disruptions to global supply chains, weighing on the risk sentiment and strengthening demand for the Gold as a defensive asset.
Meanwhile, data released on Friday showed that the US Personal Consumption Expenditures (PCE) Price Index increased 2.9% over the 12 months through December. Furthermore, the core gauge, which excludes the volatile food and energy components, advanced 3.0% YoY, reaffirming bets that the US Federal Reserve (Fed) would not cut rates in March. However, traders are still pricing in the possibility of two 25-basis-point (bps) rate cuts by the Fed this year.
The expectations were lifted by a weak US GDP print, which showed that the economy grew by a 1.4% annualized pace in the fourth quarter, marking a sharp deceleration from the 4.4% rise in Q3, amid the longest-ever US government shutdown. This, along with trade uncertainties, drags the US Dollar (USD) away from its highest level since January 23, touched last week, and turns out to be another factor providing an additional boost to the non-yielding Gold.
Furthermore, the risk of a military conflict between the US and Iran contributes to the precious metal's move higher. Negotiators from the US and Iran are poised to meet in Geneva on Thursday following the submission of a detailed nuclear proposal by Iran. Reports suggest that US President Donald Trump is considering a potential military strike against Iran in the coming days and could pursue a larger assault later if diplomacy fails to curb Tehran’s nuclear ambitions.
XAU/USD 4-hour chart
Gold seems poised to climb further amid a bullish technical setup
From a technical perspective, the strong follow-through move up at the start of the new week validates last Friday's breakout above the $5,100 mark horizontal resistance and favors the XAU/USD bulls. Moreover, the Moving Average Convergence Divergence (MACD) line extends above the Signal line and stands above zero. The histogram widens on the positive side, signaling strengthening bullish momentum.
Adding to this, the precious metal holds above the rising 200-period Exponential Moving Average (EMA), supporting the advance. The upward slope of this average keeps the short-term bias tilted higher. That said, the Relative Strength Index (RSI) at 73.23 is overbought and could limit immediate follow-through.
Above the rising 200-period EMA at $4,864.04, the bias stays positive, and pullbacks could remain contained while that gauge holds. MACD remains above the Signal line and the zero mark, and momentum would soften if the histogram begins to contract. With RSI at 73.23, overbought conditions warn of a pause, and a cooling phase could unfold before trend continuation. As long as price holds over the 200-period EMA, the broader rebound tone would remain intact even amid consolidation.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.33% | -0.27% | -0.45% | -0.14% | 0.11% | -0.18% | -0.37% | |
| EUR | 0.33% | 0.05% | -0.15% | 0.20% | 0.45% | 0.16% | -0.04% | |
| GBP | 0.27% | -0.05% | -0.19% | 0.14% | 0.38% | 0.10% | -0.09% | |
| JPY | 0.45% | 0.15% | 0.19% | 0.34% | 0.58% | 0.30% | 0.11% | |
| CAD | 0.14% | -0.20% | -0.14% | -0.34% | 0.25% | -0.04% | -0.23% | |
| AUD | -0.11% | -0.45% | -0.38% | -0.58% | -0.25% | -0.28% | -0.48% | |
| NZD | 0.18% | -0.16% | -0.10% | -0.30% | 0.04% | 0.28% | -0.20% | |
| CHF | 0.37% | 0.04% | 0.09% | -0.11% | 0.23% | 0.48% | 0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
UOB Global Economics & Markets Research notes that the US Dollar weakened after the Supreme Court ruled President Trump had exceeded his authority on earlier global tariffs, even as new 15% tariffs were announced under a different law. The Dollar index slipped, while upcoming US data, Fed communication and Trump’s State of the Union are flagged as key drivers for DXY and broader Dollar sentiment.
Dollar softens after Supreme Court ruling
"The US dollar fell last Fri in a knee-jerk reaction to the Supreme Court’s ruling that US President Donald Trump exceeded his authority when he imposed sweeping global tariffs against most US trading partners."
"Earlier, the greenback was steady following a series of US data releases, including personal consumption expenditure."
"The US dollar index (DXY) closed last Fri’s session at 97.79 (-0.13%) after touching lows of 97.58."
"This week, the focus will be on Trump’s new tariff plan."
"Tonight, the US economic docket kicks off with the Chicago Fed national activity index for Jan."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
- AUD/USD surrenders early gains and turns negative amid weakness in the Australian Dollar.
- The US Dollar underperforms on the US SC’s ruling against Trump’s tariff policy.
- US President Trump announces 15% global tariffs to offset SC’s ruling.
The AUD/USD pair gives back its early gains after facing selling pressure above 0.7100 and falls 0.23% to near 0.7065 during the late Asian trading session on Monday. The Aussie pair turns upside down as the Australian Dollar (AUD) underperforms across the board.
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.26% | -0.19% | -0.37% | -0.09% | 0.16% | -0.11% | -0.30% | |
| EUR | 0.26% | 0.07% | -0.15% | 0.18% | 0.42% | 0.18% | -0.04% | |
| GBP | 0.19% | -0.07% | -0.19% | 0.10% | 0.35% | 0.09% | -0.11% | |
| JPY | 0.37% | 0.15% | 0.19% | 0.31% | 0.56% | 0.29% | 0.10% | |
| CAD | 0.09% | -0.18% | -0.10% | -0.31% | 0.25% | -0.02% | -0.23% | |
| AUD | -0.16% | -0.42% | -0.35% | -0.56% | -0.25% | -0.27% | -0.46% | |
| NZD | 0.11% | -0.18% | -0.09% | -0.29% | 0.02% | 0.27% | -0.20% | |
| CHF | 0.30% | 0.04% | 0.11% | -0.10% | 0.23% | 0.46% | 0.20% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Though the US Dollar (USD) trades higher against the Australian Dollar, the former is underperforming its other peers amid renewed United States (US) trade policy uncertainty.
During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.3% lower to near 97.50.
On Friday, the US Supreme Court accused President Donald Trump of overstepping his authority by invoking rights under the International Emergency Economic Powers Act (IEEPA) to back wide-ranging tariffs, and invalidated additional import duties.
In response, US President Trump has announced 15% global tariffs to keep import duty pressures on trading partners intact.
AUD/USD technical analysis
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AUD/USD trades in a limited range between 0.7045 and 0.7100 for over a week. The 20-day Exponential Moving Average (EMA) at 0.7015 rises, and the price holds above it, supporting a short-term bullish bias.
The 14-day Relative Strength Index (RSI) has remained in the 40.00-60.00 range, indicating that momentum continues to favor Aussie bulls.
If momentum strengthens and RSI resumes its upside moves, bulls could extend the advance towards the February 12 high of 0.7147. A dip of RSI into the 40.00-60.00 range would caution of consolidation and a loss of near-term impetus.
(The technical analysis of this story was written with the help of an AI tool.)
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
- USD/CHF attracts some sellers to near 0.7725 in Monday’s early European session.
- The Swiss Franc strengthens against the US Dollar amid tariff uncertainty.
- Traders will closely monitor the developments surrounding the US-Iran talks on Thursday ahead of the US PPI report.
The USD/CHF pair faces some selling pressure to around 0.7725 during the early European session on Monday. US President Donald Trump’s fresh tariff plans weigh on the Greenback against the Swiss Franc (CHF). Traders brace for the US January Producer Price Index (PPI) report on Friday for fresh impetus.
The US Supreme Court struck down Trump's sweeping reciprocal tariffs on Friday. In response, the US President announced plans for a new 15% global import tariff, fueling concerns over a renewed trade war.
“The dollar is enduring a broad-based decline as the market tries to assess implications from the court’s decision,” said Rodrigo Catril, strategist at National Australia Bank in Sydney. “Trump’s tariff regime is still in place with more uncertainty.”
Ongoing tensions between the US and Iran, including reports of potential limited airstrikes, boost the safe-haven flows, benefitting the CHF, and create a tailwind for the pair. The New York Times reported on Sunday that Trump is considering launching limited airstrikes against Iran.
Trump added that he might consider a far larger attack in the upcoming months if diplomacy or any initial targeted US attack fails to convince Iran to comply with his demands that it abandon its nuclear program. The US and Iran will hold their next round of negotiations in Geneva on Thursday. But Trump weighs options for US action if the negotiations fail.
The release of the US January PPI data on Friday could offer some hints about the US interest rate path. If the report comes in hotter than expected, this would prompt traders to scale back expectations for interest rate cuts by the Federal Reserve (Fed), lifting the US Dollar (USD).
Swiss Franc FAQs
The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.
The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.
As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.
- The Indian Rupee edges up against the US Dollar as the latter weakens after the US SC’s ruling against Trump’s tariff policy.
- US President Trump calls SC’s verdict against his tariff policy “disappointing” and announces 15% global tariffs.
- The invalidation of the US trade policy has improved India’s competitive advantage in the global market.
The Indian Rupee (INR) opens marginally higher against the US Dollar (USD) at the start of the week. The USD/INR ticks down to near 90.86 as the US Dollar (USD) has come under pressure, following the United States (US) Supreme Court’s (SC) ruling against President Donald Trump’s tariff policy.
In a verdict on Friday, the US SC stated that President Trump overstepped his authority by invoking rights under the International Emergency Economic Powers Act (IEEPA) to impose wide-ranging tariffs on trading partners.
In response, US President Trump stated that he was “ashamed of certain members of the court” and announced 15% global tariffs to keep trade pressures intact.
The event has weighed on the US Dollar, raising questions about the credibility of US policies. As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.35% lower to near 97.45.
In addition to US trade policy uncertainty, weak Q4 Gross Domestic Product (GDP) and S&P Global Purchasing Managers’ Index (PMI) data for February have also weighed on the US Dollar. The data showed on Friday that the US GDP grew at an annualized pace of 1.4%, slower than the 3% estimate and the prior release of 4.4%. S&P Global Composite PMI arrived lower at 52.3 from 53.0 in January as both the manufacturing and service sector activity grew moderately.
Meanwhile, the US SC’s verdict against Trump’s tariff policy has put the Indian economy in a better position. The imposition of 15% global tariffs by Trump after SC invalidating import duties backed by invoking IEEPA turns out to improve the competitive advantage of Indian exporters in the global market, as duties confirmed in the latest US-India trade talks on New Delhi were at 18%.
Also, the scheduled visit of Indian trade negotiators to the US to accelerate deal formalities, which was expected this week, has been delayed for an uncertain period.
Even as the US and India have reached an agreement, the absence of improvement in the sentiment of overseas investors toward the Indian stock market could turn out to be a serious drag on the Indian Rupee. So far in February, Foreign Institutional Investors (FIIs) have offloaded their stake worth Rs. 2,011.24 crore despite the trade deal confirmation on February 2. On Friday, FIIs also turned out to be net sellers and sold shares worth Rs. 934.61 crore.
Technical Analysis: USD/INR strives to hold 20-day EMA
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USD/INR edges down to near 90.85 in the opening trade. Price holds just above the 20-day Exponential Moving Average (EMA) at 90.888, while the average flattens after a recent downswing, signaling consolidation. The slight uptick in the EMA suggests initial support developing beneath the spot.
The 14-day Relative Strength Index (RSI) inside the 40.00-60.00 range indicates a broader sideways trend.
The 20-day EMA remains the immediate pivot for directional cues at 90.8797, with sustained acceptance above it keeping a mild bullish bias intact. A clearer trend would emerge if the EMA slope steepens; otherwise, price action would stay contained around this moving average.
(The technical analysis of this story was written with the help of an AI tool.)
Indian Rupee FAQs
The Indian Rupee (INR) is one of the most sensitive currencies to external factors. The price of Crude Oil (the country is highly dependent on imported Oil), the value of the US Dollar – most trade is conducted in USD – and the level of foreign investment, are all influential. Direct intervention by the Reserve Bank of India (RBI) in FX markets to keep the exchange rate stable, as well as the level of interest rates set by the RBI, are further major influencing factors on the Rupee.
The Reserve Bank of India (RBI) actively intervenes in forex markets to maintain a stable exchange rate, to help facilitate trade. In addition, the RBI tries to maintain the inflation rate at its 4% target by adjusting interest rates. Higher interest rates usually strengthen the Rupee. This is due to the role of the ‘carry trade’ in which investors borrow in countries with lower interest rates so as to place their money in countries’ offering relatively higher interest rates and profit from the difference.
Macroeconomic factors that influence the value of the Rupee include inflation, interest rates, the economic growth rate (GDP), the balance of trade, and inflows from foreign investment. A higher growth rate can lead to more overseas investment, pushing up demand for the Rupee. A less negative balance of trade will eventually lead to a stronger Rupee. Higher interest rates, especially real rates (interest rates less inflation) are also positive for the Rupee. A risk-on environment can lead to greater inflows of Foreign Direct and Indirect Investment (FDI and FII), which also benefit the Rupee.
Higher inflation, particularly, if it is comparatively higher than India’s peers, is generally negative for the currency as it reflects devaluation through oversupply. Inflation also increases the cost of exports, leading to more Rupees being sold to purchase foreign imports, which is Rupee-negative. At the same time, higher inflation usually leads to the Reserve Bank of India (RBI) raising interest rates and this can be positive for the Rupee, due to increased demand from international investors. The opposite effect is true of lower inflation.
- AUD/JPY slumps to around 109.05 in Monday’s early European session.
- The cross remains well above the 100-day EMA, keeping a bullish bias intact.
- The first support level emerges at 108.82; the immediate resistance level to watch is 110.65.
The AUD/JPY cross tumbles to near 109.05 during the early European session on Monday. Renewed trade war fears, rising geopolitical tensions in the Middle East, and uncertainty provide some support to a safe-haven currency such as the Japanese Yen (JPY) against the Aussie.
On the other hand, a hawkish stance from the Reserve Bank of Australia (RBA) might help limit the Australian Dollar’s losses (AUD). Stronger-than-expected economic data have reinforced expectations that the Australian central bank would keep a tightening bias to address persistent inflationary pressures.
Technical Analysis:
In the daily chart, AUD/JPY holds above the 100-day EMA, reinforcing the broader uptrend. Price hovers just over the 20-day middle Bollinger Band, while the bands remain wide, pointing to elevated volatility. RSI at 56.29 is neutral, reflecting cooled momentum from recent overbought readings. Initial support aligns at the middle band 108.82, with a deeper floor at the lower band 106.98.
On the topside, resistance stands at the upper Bollinger Band at 110.65. A daily close above this barrier could extend the upmove. The rising 100-day EMA at 104.35 underpins the structure and would buffer deeper declines.
(The technical analysis of this story was written with the help of an AI tool.)
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
Gold prices rose in India on Monday, according to data compiled by FXStreet.
The price for Gold stood at 15,084.29 Indian Rupees (INR) per gram, up compared with the INR 14,895.78 it cost on Friday.
The price for Gold increased to INR 175,940.20 per tola from INR 173,741.40 per tola on Friday.
Unit measure | Gold Price in INR |
|---|---|
1 Gram | 15,084.29 |
10 Grams | 150,842.90 |
Tola | 175,940.20 |
Troy Ounce | 469,174.20 |
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
- EUR/USD trades near the nine-day EMA at 1.1820.
- The 14-day Relative Strength Index at 51 signals neutral, stabilizing momentum.
- A drop below the nine-day EMA would target the 50-day EMA at 1.1775.
EUR/USD gains ground for the second successive session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index (RSI) momentum indicator stands at 51 (neutral) after recovering above the midline, indicating stabilizing momentum. A push in RSI above the low-50s would aid an upside extension, while a drop below 50 would tilt the risk toward support.
The technical analysis of the daily chart shows that the EUR/USD pair holds above the 50-day Exponential Moving Average (EMA), keeping the broader bias supported. The nine-day EMA has flattened near the spot, tempering immediate follow-through.
The EUR/USD pair is hovering around the nine-day EMA at 1.1820. A daily close above the short-term average would cause the emergence of the bullish bias and support the pair to explore the region around 1.2082, the highest level since June 2021.
A close back under the nine-day EMA would expose the 50-day EMA at 1.1775. A drop back under the medium-term average would strengthen the bearish bias and expose the two-month low at 1.1578, recorded on January 19.
(The technical analysis of this story was written with the help of an AI tool.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.28% | -0.20% | -0.45% | -0.09% | 0.21% | -0.09% | -0.33% | |
| EUR | 0.28% | 0.08% | -0.18% | 0.20% | 0.49% | 0.22% | -0.06% | |
| GBP | 0.20% | -0.08% | -0.25% | 0.10% | 0.40% | 0.10% | -0.14% | |
| JPY | 0.45% | 0.18% | 0.25% | 0.37% | 0.66% | 0.36% | 0.13% | |
| CAD | 0.09% | -0.20% | -0.10% | -0.37% | 0.29% | -0.01% | -0.25% | |
| AUD | -0.21% | -0.49% | -0.40% | -0.66% | -0.29% | -0.30% | -0.54% | |
| NZD | 0.09% | -0.22% | -0.10% | -0.36% | 0.00% | 0.30% | -0.25% | |
| CHF | 0.33% | 0.06% | 0.14% | -0.13% | 0.25% | 0.54% | 0.25% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
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