Kremlin rejects Russian default, says bond payments executed

Russia does not accept that it has defaulted on its external debt, the Kremlin said in a statement on Monday. Additional takeaways Russian gold and forex reserves are blockedly prohibited. Russia made payment on euro bond coupons in May. Euroclear not accepting Russia’s euro bond transaction ‘is not our problem’. Early Monday, Bloomberg reported that … Read more

Indian rupee eases inside routine range above 77.00 amid indecision

USD/INR picks up bids to snap three-day downtrend, bounces off weekly low. FOMC Minutes, RBI’s assurance to limit “runaway” INR slump challenge pair buyers. Firmer oil prices, subdued sentiment and exodus of funds from Indian equities bar gate for bears. US GDP, Fed’s preferred inflation gauge will be important this week, risk catalysts should be … Read more

AUD/USD prints three-day downtrend below 0.7100 on mixed mood, softer Aussie Capex, US GDP eyed

AUD/USD stays around intraday low, down for the third consecutive day after challenging three-week high. Recent headlines from China, Ukraine join downbeat Australia Private Capital Expenditure for Q1 to weigh on prices. FOMC minutes, light calendar and off in Europe put a floor under the prices. AUD/USD struggles to rebound from intraday low, down for … Read more

AUD/JPY retreats towards 90.00 on downbeat Aussie data

AUD/JPY extends pullback from daily top, reverses the previous day’s bounce off weekly low. Australia’s Q1 Private Capital Expenditure disappoints, cautious optimism in the market puts a floor under the prices. Fed Minutes renew market’s optimism but headlines from China, Ukraine test the bulls. AUD/JPY takes offers to renew intraday low around 90.10, reversing the … Read more