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The US dollar may prove resilient ahead of the crucial PCE inflation data, while EUR/USD seeks catalysts and USD/JPY maintains its uptrend. Traders eye German and EU inflation figures for guidance
Nvidia is a critical player in the AI space and its quarterly earnings report is a key event on Wall Street this week.
The Indian rupee is expected to open flat-to-slightly weaker on Tuesday amid a decline in Asian peers and an uptick on the dollar index. Non-deliverable forwards indicate rupee... -May 20, 2024 at 11:04 pm EDT - MarketScreener
The rupee, which had been holding a narrow range around 83.50, managed a rally in the afternoon session on Friday. Dollar offers from public sector banks, small stop losses were among the reasons cited for the move higher.
The Federal Reserve kept the fed funds target rate at 5.25% to 5.5%, but investors will look for insight from Chair Jerome Powell.