USD\/INR rises above 85.50 amid a mixed-to-bullish bias\u00a0<\/span><\/h2>\nThe Indian Rupee continues its losing streak for the sixth consecutive day, with the USD\/INR pair trading near 85.60 on Monday. Technical indicators on the daily chart maintain a bullish bias, as the pair moves upwards within an ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) remains above the 50 level, suggesting a persistent bullish sentiment.<\/span><\/p>\nThe USD\/INR pair could target its monthly high of 85.90, reached on May 9. A break above this level could allow the pair to explore the region around the upper boundary of the ascending channel at 86.40.<\/span><\/p>\nImmediate support lies at the nine-day Exponential Moving Average (EMA) around 85.30, followed by the ascending channel\u2019s lower boundary at 85.10. A decisive break below this zone could undermine short-term bullish attempts and open the door for a decline toward its eight-month low of 83.76.<\/span><\/p>\n\n
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Risk sentiment FAQs<\/h2>\n\n
<\/p>\n
\nIn the world of financial jargon the two widely used terms \u201crisk-on\u201d and \u201crisk off” refer to the level of risk that investors are willing to stomach during the period referenced. In a \u201crisk-on\u201d market, investors are optimistic about the future and more willing to buy risky assets. In a \u201crisk-off\u201d market investors start to \u2018play it safe\u2019 because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest.<\/p>\n<\/section>\n
\nTypically, during periods of \u201crisk-on\u201d, stock markets will rise, most commodities \u2013 except Gold \u2013 will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a \u201crisk-off\u201d market, Bonds go up \u2013 especially major government Bonds \u2013 Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. <\/p>\n<\/section>\n
\nThe Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are \u201crisk-on\u201d. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity.<\/p>\n<\/section>\n
\nThe major currencies that tend to rise during periods of \u201crisk-off\u201d are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world\u2019s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them \u2013 even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.<\/p>\n<\/section><\/div>\n<\/p><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"
The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD\/INR may face headwinds as the US Dollar comes under pressure following Moody\u2019s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks. […]<\/p>\n","protected":false},"author":2,"featured_media":392497,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[1176,201,248,251,246,257,255,289,250,333,252,247,253,249,5212,1109,256,254],"class_list":["post-392492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-asia","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-india","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-seo","tag-usdinr","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=392492"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392492\/revisions"}],"predecessor-version":[{"id":392498,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/392492\/revisions\/392498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/392497"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=392492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=392492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=392492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}