📊 FOREX MARKET WEEKLY UPDATE

USDINR Snapshot:

• USD/INR: In the previous session, the pair traded between 87.5525 – 87.32 before stalling at 87.53, showing consolidation near key levels.

• USD/INR: Stability near 87.50 shows RBI’s active monitoring amid strong dollar index trends. Indian macro data (CPI & GDP growth) will be key triggers ahead.

• Expect USD/INR to remain in the 87.00 – 87.88 range with RBI intervention likely at extremes.

Weekly Performance – Major FX & Crypto Moves:

• Gainers:

  • ETH/USD +10.45% – Strong rally driven by increasing institutional inflows and optimism around blockchain adoption.

  • EUR/NZD +1.39%, GBP/NZD +1.03%, AUD/NZD +0.90% – Strength in European and Australian currencies against a weaker NZD, largely due to soft New Zealand economic data and RBNZ’s dovish tone.

• Losers:

  • BTC/EUR -2.77%, BTC/USD -2.38% – Crypto markets saw a mild pullback after last week’s rally, as profit-taking set in.

  • NZD/CHF -1.57%, NZD/JPY -1.36%, NZD/USD -1.03% – NZD remained under pressure due to weaker commodity export outlook and cautious global sentiment.

  
  

Fundamental Brief:

• Euro & Pound vs NZD: European currencies gained as Eurozone inflation eased but remained above ECB’s comfort zone, keeping rate cut expectations muted.

• AUD/NZD: Australia’s stronger commodity exports supported AUD, while NZD lagged on weaker dairy price forecasts.

• Crypto (BTC & ETH): Ethereum outperformed on strong DeFi activity, while Bitcoin consolidated, reflecting shifting investor preference within crypto assets.

Treasury View:

• ETH/USD momentum remains bullish above $3,000, while BTC may consolidate before the next leg higher.

• NZD weakness could persist if dairy prices stay under pressure and global risk sentiment remains fragile.

Prepared by Fxmethods Treasury Desk