INR/USD Exchange rate
Editors’ Picks
EUR/USD turns positive above 1.1500, Dollar retreats
EUR/USD now makes a reversal, up modestly for the day after surpassing the 1.1500 barrier. The pair’s rebound came on the back of increasing and renewed selling pressure around the Greenback, particularly after FOMC Governor M. Bowman opened the door to a July rate cut. Meanwhile, investors remain watchful of the geopolitical landscape ahead of a potential move by Iran in response to the recent US attacks.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
Gold treads water below $3,400 on stronger USD
Gold begins the week on a downward trend, trading below the key $3,400 mark per troy ounce. In the meantime, the precious metal has managed to limit its losses amid the stronger US Dollar (USD) and rising geopolitical tensions in the Middle East.
AI Tokens Price Prediction: Story, Virtuals Protocol rebound following sell-off after US strikes on Iran
Geopolitical tensions in the Middle East caused a liquidation havoc of over $1 billion in the cryptocurrency market over the weekend, following US President Donald Trump’s direct involvement in the conflict between Israel and Iran.
GBP/USD climbs to daily highs around 1.3480
After bottoming out in multi-week lows near 1.3370, GBP/USD now picks up pace and gains around a cent to hit new daily peaks around 1.3480 in response to fresh selling pressure hitting the Greenback. The knee-jerk in the US Dollar comes despite steady fears on the Iran-Israel-US front and firm results from preliminary US PMIs for the month of June. On the UK docket, all the attention remains on upcoming flash Manufacturing and Services PMIs.