The dollar approached a one-week high on Friday, poised to end a five-week losing stretch. Strong U.S. economic data cut expectations for aggressive Federal Reserve rate reductions. Meanwhile, European inflation slowed and Japan’s yen weakened. The euro and yen reacted differently to these economic shifts, affecting currency trade.
Rupee holds steady at 86.06 amid RBI Intervention
The Indian rupee closed nearly unchanged at 86.06 per dollar on Monday, despite initial weakness due to high crude oil prices and geopolitical tensions between
June 17, 2025