USD/INR Tracks Oil as US-Iran Talks Drive FX Moves
USD/INR moved closely with oil prices this week amid changing expectations over US-Iran negotiations. Early hopes for de-escalation weakened after…
US President Trump expressed concern over yen weakness during his summit with Japanese PM Sanae Takaichi, according to Finance Minister Satsuki Katayama. Katayama said Tokyo will coordinate with Washington on currency matters but declined to detail intervention thresholds or rate checks. USD/JPY eased from around 158.70 to 158.40 on the remarks. Katayama also noted the BOJ’s recent rate hike aims to meet its 2% inflation target, with policy tools decided by the bank.
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USD/INR moved closely with oil prices this week amid changing expectations over US-Iran negotiations. Early hopes for de-escalation weakened after…
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