USD/INR Price News: Indian rupee pares recent gains around 82.70 amid holidays, DXY rebound – by anilpanchal7 USDINR RiskAppetite CentralBanks Oil Currencies
That said, the US Dollar Index rises 0.20% intraday to 112.11 by the press time amid chatters surrounding Japan’s meddling in the market to defend the yen, as well as challenges to the risk appetite.
The news that both North and South Korea have exchanged warning shots near their disputed western sea boundary, published on Monday, also seemed to have favored the US dollar buyers of late. On the same line could be the fears that China President Xi Jinping won’t hesitate to escalate geopolitical matters with the US when it comes to Taiwan. The reason could be linked to Jinping’s dominating performance at the annual Communist Party Congress after winning the third term in a row.