Edition:
India

Foreign Exchange Analysis Headlines

Dollar weakens as focus turns to Fed minutes

The dollar slipped on Tuesday after six straight days of gains, as U.S. Treasury yields dipped and investors looked for fresh incentives to buy the currency following a nearly 7 percent rally since mid-February.

Sterling trims early gains as caution sets in

Sterling trimmed earlier gains after hitting a one-week high against a broadly firm euro on Tuesday as a top central bank official's upbeat note on the outlook for future interest rate increases was met by some market scepticism.

In first move since FX crackdown, Iran lowers rial vs. dollar

In a sign that it will allow some flexibility in exchange rates under threatened U.S. sanctions, Iran has lowered the official value of the rial versus the dollar for the first time since it tried to stamp out a free currency market last month.