India’s FX Reserves Climb to $698

1. India’s FX Reserves Climb to $698.1B
India’s foreign exchange reserves rose by $2.7 billion, reaching a total of $698.1 billion this week. The increase spans across forex, gold, and SDR holdings—offering a buffer amid global volatility and enhancing economic stability 

2. Investors Urged to Hedge Amid US Volatility
Charu Chanana highlights that global markets are facing heightened currency and sovereign risks linked to ongoing uncertainty in the United States. She advises strategic hedging to protect investment portfolios against sharp FX swings 

3. Pirelli Cuts Revenue Guidance Due to FX Weakness
Italian tire maker Pirelli trimmed its 2025 revenue forecast to €6.7–6.8 billion, citing a 2.9% loss from adverse currency movements—especially a weaker USD and volatile emerging market currencies. Despite the downgrade, the company reaffirmed its goal of a roughly 16% adjusted EBIT margin 

🧭 Why It Matters
Reserve Growth in India boosts confidence in FX liquidity and macro stability, especially important in emerging market portfolios.

Hedging Advice is critical in today's environment where Fed policy uncertainty and trade shifts can trigger abrupt currency moves.

Corporate FX Sensitivity, as seen with Pirelli, underscores that currency fluctuations are a real business risk—not just a trading variable.

📉 Forex Market Snapshot (From Recent FXStreet & ForexLive Reports)
The US Dollar (DXY) has been consolidating near key levels, retreating from multi-week highs, influenced by trade discussions with the EU and comments from central bankers 

Major currency pairs like EUR/USD, GBP/USD, and USD/JPY are navigating familiar ranges with limited directional conviction as markets await central bank guidance 

Technical analyses point to key resistance zones in USD/JPY and USD/CAD as markets gear up for upcoming Fed, BoE, and BoC policy meetings