Market Outlook

The Indian rupee depreciated by 9 paisa to open at 70.3625 against the United States (US) dollar in opening trade on Thursday, driven by weakening of the green-back in overseas markets and positive opening in domestic equities while rising crude prices, US-China trade concerns and foreign fund outflows weighed on the domestic currency. On the flip side, the dollar was under pressure as U.S. yields slid on weak U.S. April retail sales and industrial output data.

Fundamental News

  • Australia Full Time Employment Change Apr: -6.3K (prev 48.3K) Australia Part Time Employment Change Apr: 34.7K (prev -22.6K).
  • Euro bounces on expectations Trump will delay auto tariffs.
  • Asian stocks trade mixed amid lingering trade tensions.
  • USD/CAD Eyes Support as Crude Oil Prices Rise on Global Trade News.

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