Earnings Call Transcript: SKF Q1 2026 Shows Resilience Amid FX Challenges
Source: Investing.com News
Source: Investing.com News
Here is what you need to know on Tuesday, April 21:
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding gains after registering little losses in the previous day and trading around 98.10 during the early European hours on Tuesday.
United Overseas Bank’s (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/JPY to remain range-bound after recent volatility. For the day, the pair is seen between 158.50 and 159.20, with flat momentum indicators. Over 1–3 weeks, UOB projects a 157.55–160.50 band.
Commerzbank analysts highlight that the Reserve Bank of India (RBI) has rolled back some Non-Deliverable Forward (NDF) restrictions, allowing authorized dealers to offer NDFs, roll over and cancel related-party contracts, and use back-to-back hedging.
Source: Investing.com News
European shares edge higher as Mideast peace talks keep investor hopes alive Reuters
Rupee Slips as Traders Assess Impact of RBI’s FX Market Easing Bloomberg.com
Rupee Slips as Traders Assess Impact of RBI’s FX Market Easing Bloomberg.com
The USD/CAD pair remains on the defensive around 1.3650 during the early European session on Tuesday. Rising oil prices due to Middle East tension provide some support to the commodity-linked Loonie.