The Indian Rupee (INR) ticks down at open against the US Dollar (USD) on Monday. The USD/INR edges higher to near 88.90, even as the US Dollar extends its correction, suggesting weakness in the Indian Rupee.
The Australian Dollar (AUD) gains ground on Friday as the US Dollar (USD) loses momentum after Personal Consumption Expenditures (PCE) inflation figures came broadly in line with forecasts, while weaker consumer sentiment and renewed tariff worries dampened demand for the Greenback.
The Japanese Yen (JPY) is trading defensively in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.