IGI Logo

News / Other data

* European Central Bank President Christine Lagarde said the currency union’s newest member proves that the euro has lasting appeal. “Croatia worked hard to become the 20th member of the euro area, and it succeeded,” Lagarde said in a statement on Sunday. “It shows the euro is an attractive currency, which brings stability to its members.”

* The Indian rupee ended 2022 as one of the worst-performing Asian currencies with a fall of 10.14%, its biggest annual decline since 2013, as the dollar rocketed on the U.S. Federal Reserve's aggressive monetary policy stance to tame inflation.

* The U.S. dollar was broadly unchanged in limited European trading on Friday, as it stayed on track for its biggest increase in seven years. As of 04:14 ET (09:14 GMT), the U.S. Dollar Index - a measure of the greenback against a basket of key currency peers - had moved down marginally by 0.03% to 103.81.

* China's yuan finished the domestic session at a two-week high against the dollar on Friday, but still looked set for the worst annual performance in 28 years. The onshore yuan finished the domestic trading session at 6.9514 per dollar, the strongest such close since Dec. 14.

* The dollar slipped on Thursday with investors on edge at the end of the year as initial optimism over China's reopening fizzled out and as markets processed a readout of U.S. jobless claims.

* The dollar was flat on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers - a major step in reopening its borders, even as COVID cases spike.

Data inference

* No Major Event.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://web.geplcapital.com/term-disclaimer
SEBI Registration number is INH000000081

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer