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Asian stocks notch two-week peak as focus turns to PMIs Asian stocks crept to two-week highs in cautious trade Tuesday, helped by hints of progress toward avoiding a U.S. default and by resilience in Japan's economy, with industrial sector surveys in Europe and the United States in focus later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan touched its highest since May 9, and was up about 0.3% by mid-morning. Japan's Nikkei extended its winning streak into a ninth session and rose 0.6%. S&P 500 futures...
Asian stocks notch two-week peak as focus turns to PMIs
Asian stocks notch two-week peak as focus turns to PMIs
Source: Reuters
23/05/2023 9:25:15 AM
Gold eases on firmer dollar even as debt ceiling impasse drags on Gold prices fell on Tuesday, weighed down by a stronger dollar and hawkish remarks by some Federal Reserve members, while investors kept their eyed peeled on the U.S. debt ceiling saga. Spot gold shed 0.4% to $1,962.06 per ounce by 0306 GMT. U.S. gold futures were down 0.6% at $1,965.70. The dollar index was firm, making gold less attractive for overseas buyers. [USD/] "The market typically gets fatigued of debt ceiling posturing. While initial uncertainty helps gold, the streng...
Gold eases on firmer dollar even as debt ceiling impasse drags on
Gold eases on firmer dollar even as debt ceiling impasse drags on
Source: Reuters
23/05/2023 9:14:29 AM
Dollar hits 6-mth high versus yen on higher-for-longer US rate expectations The dollar touched a six-month high against the yen on Tuesday as expectations grew that U.S. rates will remain higher for longer and as the debt ceiling impasse kept risk sentiment fragile. Among a slew of Federal Reserve heavyweights who spoke on Monday, some hinted that the central bank still has more to go in tightening monetary policy. Minneapolis Fed President Neel Kashkari said that U.S. rates may have to go "north of 6%" in order for inflation to return to the Fed'...
Dollar hits 6-mth high versus yen on higher-for-longer US rate expectations
Dollar hits 6-mth high versus yen on higher-for-longer US rate expectations
Source: Reuters
23/05/2023 8:53:03 AM
Rupee likely to remain under pressure on higher U.S. yields The Indian rupee, hovering at the lowest level in nearly three months, is unlikely to see much relief following a further rise in U.S. yields. Non-deliverable forwards indicate rupee will open at around 82.84-82.85 to the U.S. dollar, compared with 82.8275 in the previous session. The local currency has declined in seven of the last eight sessions. On the one hand, USD/INR is at a level where "it would seem" there is limited upside, and on the other hand, "there is little...
Rupee likely to remain under pressure on higher U.S. yields
Rupee likely to remain under pressure on higher U.S. yields
Source: Reuters
23/05/2023 8:51:00 AM
Bulls on the charge after Fed signals smaller hikes ahead The bulls were enjoying the good life in Europe on Thursday after the world's most influential central banker, Jerome Powell, signalled this year's frantic pace of U.S. interest rate hikes could be about to slow. It was a textbook 'risk on' pattern, with both the STOXX 600 and MSCI's main world stocks index hitting their highest since August and the previously unstoppable dollar down at a three-month low. [/FRX] Rallying bond markets sent borrowing costs lower almost...
Bulls on the charge after Fed signals smaller hikes ahead
Bulls on the charge after Fed signals smaller hikes ahead
Source: IANS
1/12/2022 3:38:42 PM
Gold gains on dollar dip; Fed policy cues in focus Gold prices rose on Tuesday, supported by a softer dollar, while market participants awaited more clarity on the U.S. Federal Reserve's rate-hike stance. Spot gold was up 0.7% at $1,753.34 per ounce, as of 0651 GMT. U.S. gold futures rose 0.7% to $1,752.60. Bullion prices fell about 1% in the previous session after hawkish comments from U.S. Federal Reserve officials. Fed Presidents James Bullard and John Williams said there was a long way to go to fight inflation. "Gold is ...
Gold gains on dollar dip; Fed policy cues in focus
Gold gains on dollar dip; Fed policy cues in focus
Source: Reuters
29/11/2022 9:13:06 AM
Dollar gains with bond yields up, Fed in focus The dollar gained slightly on Friday and remained on track for its largest weekly gain in over a month as investors eyed rising bond yields and continued to make bets on the U.S. Federal Reserve's interest rate hiking path. The U.S. currency gained steam as the session wore on and was up against the euro and the yen but was down slightly against sterling, which regained some lost ground after a volatile session on Thursday following Britain's latest budget. In the United States ...
Dollar gains with bond yields up, Fed in focus
Dollar gains with bond yields up, Fed in focus
Source: Reuters
19/11/2022 9:14:45 AM
Rupee flat as dollar demand offsets boost from oil plunge The Indian rupee was little changed on Friday as the benefit from a plunge in oil prices was countered by continued corporate demand for the dollar. The rupee was at 81.6650 per dollar, against its previous close of 81.65. The currency has declined 1% in volatile trade so far this week, giving back half its gains from last week in the wake of slightly soft U.S. inflation data. There is persistent demand for dollars from oil importers and other corporates, said foreign exchange traders. ...
Rupee flat as dollar demand offsets boost from oil plunge
Rupee flat as dollar demand offsets boost from oil plunge
Source: Reuters
18/11/2022 12:08:04 PM
Dollar heads for weekly gain as Fed pushes back on pivot  The dollar eased on Friday, but was still headed for its largest weekly gain in a month, after Federal Reserve officials reiterated their commitment to raising U.S. interest rates more than markets currently anticipate. It fell against the pound, which edged higher after a volatile session on Thursday following Britain's budget for tax rises and spending cuts. St Louis Fed President James Bullard was the latest Fed official to push back on market hopes for a pause in interest ...
Dollar heads for weekly gain as Fed pushes back on pivot
Dollar heads for weekly gain as Fed pushes back on pivot
Source: Reuters
18/11/2022 9:35:44 AM
Dollar gains, stocks slip as Fed officials talk tough on rates The dollar rose and equity markets slid on Thursday after hawkish remarks from Federal Reserve officials reminded investors a less aggressive monetary policy is unlikely with U.S. employment data still showing a tight labor market. Nagging recession and higher interest rate worries also rattled European markets, and the pound tumbled as Britain hoped to put its disastrous recent fiscal experiment behind it with a more austere-looking budget. Markets fell in Eueope, as early optimism abo...
Dollar gains, stocks slip as Fed officials talk tough on rates
Dollar gains, stocks slip as Fed officials talk tough on rates
Source: Reuters
18/11/2022 9:23:17 AM
Dollar rises with bets on hawkish Fed; sterling drops The dollar rose on Thursday as U.S. Treasury yields increased and investors eyed hawkish comments from Federal Reserve officials, while the British pound fell as investors were left unimpressed by the UK government's latest budget. The greenback rebounded a little after falling in recent weeks as inflation data and Fed policymakers' remarks had fuelled bets that the U.S. central bank could soon slow the pace of its interest rate hikes. But at an event on Thursday, St. Louis Fed ...
Dollar rises with bets on hawkish Fed; sterling drops
Dollar rises with bets on hawkish Fed; sterling drops
Source: Reuters
18/11/2022 9:05:10 AM
Oil rebounds as dollar dips, but demand concerns weigh Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the U.S. Federal Reserve. Brent crude futures clawed back 64 cents to stand up 0.7% to $90.42 a barrel at 0446 GMT, but were not far off four-week lows of $89.53 hit in the previous session. U.S. West Texas Intermediate (WTI) crude futures rose 75 cents, or 0.9%, to $82.39 a barrel, but held near a six-week low. ...
Oil rebounds as dollar dips, but demand concerns weigh
Oil rebounds as dollar dips, but demand concerns weigh
Source: Reuters
18/11/2022 8:59:16 AM
Gold prices rise as U.S. dollar, yields retreat Gold prices gained on Monday, helped by a slight pullback in the U.S. dollar and Treasury yields, even as fears lingered about more hefty Federal Reserve rate hikes to tame soaring inflation. Spot gold was up 0.9% at $1,655.90 per ounce, as of 0929 GMT, after declining more than 3% last week in its worst performance since July. U.S. gold futures climbed 0.7% to $1,660.40. "Gold has benefited from USD weakness today, after the pound rebounded amid expectations that more of the tax c...
Gold prices rise as U.S. dollar, yields retreat
Gold prices rise as U.S. dollar, yields retreat
Source: Reuters
17/10/2022 10:07:49 AM
Gold slides to 2-1/2 year low as U.S. dollar, yields climb  Gold prices dropped to their lowest level since April 2020 on Wednesday, as a rally in the U.S. dollar and Treasury yields on prospects of more aggressive rate hikes by the Federal Reserve diminished its appeal. Spot gold fell 0.6% to $1,619.79 per ounce, as of 0854 GMT. U.S. gold futures slipped 0.5% to $1,627.60. "The main factor really is the strength of the dollar, which is been supported by the ongoing Fed narrative that they will do whatever it takes to bring down the i...
Gold slides to 2-1/2 year low as U.S. dollar, yields climb
Gold slides to 2-1/2 year low as U.S. dollar, yields climb
Source: Reuters
28/09/2022 11:11:59 AM
Euro jumps amid hawkish ECB signals, dollar heavy before U.S. CPI The euro jumped to a more than three-week peak versus the dollar on Monday and sterling rose to the highest this month as European Central Bank officials pushed the case for further aggressive monetary tightening. The greenback idled not far from a two-week low ahead of key U.S. inflation data this week that might allow the Federal Reserve to consider whether to slow the pace of rate hikes at its Sept. 21 policy meeting. The rate-sensitive Japanese yen found its footing around the mid-1...
Euro jumps amid hawkish ECB signals, dollar heavy before U.S. CPI
Euro jumps amid hawkish ECB signals, dollar heavy before U.S. CPI
Source: Reuters
12/09/2022 8:52:18 AM