AUD/INR Exchange rate
Editors’ Picks
GBP/USD drops to 1.2400 area after BoE cut, US data
GBP/USD trades deep in negative territory near 1.2400 on Thursday. Although the disappointing US data help the pair limit its losses, it struggles to gather recovery momentum following the Bank of England's decision to cut the policy rate by 25 bps.
EUR/USD stays below 1.0400 despite weak US data
EUR/USD stays on the back foot below 1.0400 in the second half of the day on Thursday. The cautious market stance supports the USD and doesn't allow the pair to gain traction, even after the data from the US showed that weekly Initial Jobless Claims rose to 219,000.
Gold alternates gains with losses below $2,870
Gold keeps its inconclusive price action below the $2,870 region per ounce troy on Thursday against the backdrop of a marked recovery in the Greenback and a mild rebound in US yields across the curve. Investors refrain from taking large positions ahead of Friday's key US jobs data.
The BoE: A meeting of contradictions
The Bank of England delivered a rate cut as expected on Thursday, however, it was the commentary that followed along with the BOE’s updated forecasts for growth and inflation that shocked investors, and the initial reaction to the report was dovish.
Top Trumps: The global economy’s House of Cards
The year has barely started and we are learning the hard way what Donald Trump’s second term in office means for markets, analysts and global policymakers. It's like living through an episode of the political thriller, House of Cards.