Headlines crossed from China on Wednesday, with Beijing clarifying that the “meeting with the US on trade is at the US’ request.”
USD/INR gains ground as US Dollar remains stronger ahead of Fed policy
The Indian Rupee (INR) loses ground against the US Dollar (USD) during Wednesday’s European trading session amid rising geopolitical tensions between India and Pakistan.
EUR/INR today: Indian Rupee cross rates mixed at the start of the European session
Indian Rupee (INR) crosses trade mixed at the start of Wednesday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 96.27, with the EUR/INR pair rising from its previous close at 95.85.
Gold price bounces off daily low, keeps the red below $3,400 as traders await Fed policy update
Gold price (XAU/USD) trims a part of its intraday losses, though it retains intraday negative bias and remains below the $3,400 mark heading into the European session on Wednesday. The US Dollar (USD) continues with its struggle to gain any meaningful …
Forex Today: All eyes on Fed rate decision, Powell presser
Here is what you need to know on Wednesday, May 7:
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $973.20 a troy ounce, with the XPD/USD pair easing from its previous close at $978.15.
FX option expiries for May 7 NY cut
FX option expiries for May 7 NY cut at 10:00 Eastern Time via DTCC can be found below.