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The Indian Rupee edges higher against the US Dollar ahead of trade talks between the US and China. Slightly better-than-projected- US NFP data supported the US Dollar on Friday. The RBI front-loaded interest rate cuts to accelerate economic growth. The Indian Rupee ticks up against the US Dollar (USD) to near 85.70 during the Asian session on Monday. The pair edges lower as the US Dollar starts the week on a frail note, with investors focusing on trade negotiations between the United States (US) and China in London later in the day. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, corrects to near 99.00 after a decent upside move on Friday. Over the weekend, US President Donald Trump confirmed in a post on Truth.Social that his top negotiators will be meeting with Chinese representatives in London on June 9 for extending discussions on the bilateral deal.  “I am pleased to announce that Secretary of the Treasury Bessent, Secretary of Commerce Lutnick, and United States Trade Representative, Ambassador Greer, will be meeting in London on Monday, June 9, 2025, with Representatives of China, with reference to the Trade Deal. The meeting should go very well,” Trump wrote. Meanwhile, Beijing has also confirmed that Chinese Vice Premier He Lifeng will meet US trade delegates during his June 8-13 visit in London, according to the Chinese Ministry of Foreign Affairs (MoFA). “The first meeting of the China-US economic and trade consultation mechanism will be held with the US during this visit,” the agency reported. The scenario of a positive outcome from the US-China trade negotiations will be favorable for the US Dollar and US assets. The two were battered during the trade war between the two nations, which followed the announcement of reciprocal tariffs by US President…

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Filed under: News - @ June 9, 2025 5:29 am