IGI Logo

News / Other data

* Trading in the dollar and the euro was volatile on Tuesday, with both currencies trading below their session highs as investors tried to interpret reports that stray Russian missiles may have hit NATO member Poland, killing two people.

* The euro regained some lost ground after falling sharply against the U.S. dollar on Tuesday following reports that Russian missiles had hit Poland and killed two people.The euro was last up 0.06% at $1.0331 after falling as much as 0.44%. The euro had earlier risen as much as 1.5% against the greenback following economic data.

* Argentina has agreed to expand its currency swap deal with China by $5 billion, the South American country's President Alberto Fernandez said on Tuesday, a move that would give it more firepower to defend the embattled local peso.

* The U.S. dollar weakened in early European trade Tuesday as more Federal Reserve officials indicated a slowdown in interest rate rises, with traders speculating a peak in rates might be close.

* The Japanese yen was among the worst-performing Asian currencies on Tuesday after the country’s economy unexpectedly shrank in the third quarter, while most regional units trended lower as hawkish comments from the Federal Reserve supported the dollar.

* Speculators' net long bets on the U.S. dollar fell in the latest week to the smallest position in more than a year, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Monday.

Data inference

* 'Actual' greater than 'Forecast' is good for currency

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://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