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Gold hovers near 1-week low as dollar firms on US data Gold prices lingered near a one-week low on Thursday following five consecutive sessions of losses as the dollar sat atop mid-March highs after data showed the U.S. services sector unexpectedly gained steam in August. Spot gold was steady at $1,919.68 per ounce by 0410 GMT, but still hovered close to its lowest level since Aug. 29 hit in the previous session. U.S. gold futures held their ground at $1,944.00. The U.S. dollar was perched at its highest since March 16 and the benchmark U.S...
Gold hovers near 1-week low as dollar firms on US data
Gold hovers near 1-week low as dollar firms on US data
Source: Reuters
7/09/2023 10:29:27 AM
Gold hits 1-week high on softer dollar after Jerome Powell's comment Gold prices rose to a one-week high on Thursday, supported by a slightly weaker dollar, while traders digested fairly balanced comments from U.S. Federal Reserve Chair Jerome Powell after a widely expected interest rate hike. Spot gold was up 0.3% at $1,977.13 per ounce, as of 0352 GMT, after earlier hitting its highest since July 20, while U.S. gold futures rose 0.4% to $1,978.70. Gold prices could be volatile because of the Fed mentioning another rate hike for the year, with bullion p...
Gold hits 1-week high on softer dollar after Jerome Powell's comment
Gold hits 1-week high on softer dollar after Jerome Powell's comment
Source: Reuters
27/07/2023 9:52:15 AM
Asia shares rally after China pledges economic support steps Asian shares jumped on Tuesday as China's pledge to step up policy support for its stuttering economy soothed sentiment and lifted beaten down Hong Kong and Chinese stocks, while the dollar eased ahead of the Federal Reserve meeting this week. MSCI's broadest index of Asia-Pacific shares outside Japan was 1.2% higher and on course to snap a six-day losing streak. Japan's Nikkei fell 0.22%. The Shanghai Composite Index was 1.55% higher, while Hong Kong's benchmark Hang Se...
Asia shares rally after China pledges economic support steps
Asia shares rally after China pledges economic support steps
Source: Reuters
25/07/2023 8:42:16 AM
Oil rally takes a breather ahead of Fed, ECB rate hikes Oil prices eased on Monday as traders await more rate hike cues from U.S. and European central banks, with tightening supply and hopes for Chinese stimulus underpinning Brent at $80 a barrel. Brent crude futures dipped 41 cents, or 0.5%, to $80.66 a barrel by 0045 GMT. U.S. West Texas Intermediate crude was at $76.70 a barrel, down 37 cents, or 0.5%. The benchmarks rose 1.5% and 2.2% respectively last week, their fourth straight of week of gain, as supply is expected to tighten followin...
Oil rally takes a breather ahead of Fed, ECB rate hikes
Oil rally takes a breather ahead of Fed, ECB rate hikes
Source: Reuters
24/07/2023 8:50:02 AM
Asian shares fall after US tech falters, dollar and yields hold gains Asian shares fell on Friday after Tesla and Netflix weighed on U.S. tech shares after their earnings reports, while the dollar and Treasury yields held their gains ahead of an action-packed week that could see the end of the U.S. tightening cycle. As well as the U.S. Federal Reserve meeting next week, the Bank of Japan will meet amid speculation of imminent policy tweaks. Early on Friday, Japan's inflation stayed above the central bank's target of 2% for the 15th straight month in ...
Asian shares fall after US tech falters, dollar and yields hold gains
Asian shares fall after US tech falters, dollar and yields hold gains
Source: Reuters
21/07/2023 8:36:25 AM
Rupee slightly up, near-term realized volatility below 3% The Indian rupee inched up on Thursday in the wake of a rally in the Chinese yuan, while its realized volatility dropped below 3%. The rupee was at 82.0350 to the U.S. dollar by 10:46 IST, up from 82.0925 on Wednesday. The rupee all through this week has been hovering around 82. Following "the decent-sized move" in the prior two weeks, rupee is "back to the old ways", a foreign exchange trader at a bank said. The 10-day realized volatility is now down to 2.7% after c...
Rupee slightly up, near-term realized volatility below 3%
Rupee slightly up, near-term realized volatility below 3%
Source: Reuters
20/07/2023 11:12:12 AM
Asia stocks gain; US futures slip after Netflix, Tesla earnings Asian stocks rose and sterling stumbled on Thursday as cooling UK inflation lifted risk appetite ahead of central bank meetings next week, while disappointing earnings results from Netflix and Tesla pushed U.S. futures lower. Meanwhile, China's yuan shot up after authorities tweaked cross-border financing rules and major state-owned banks were seen selling dollars in moves analysts said were designed to shore up the currency. MSCI's broadest index of Asia-Pacific shares outside ...
Asia stocks gain; US futures slip after Netflix, Tesla earnings
Asia stocks gain; US futures slip after Netflix, Tesla earnings
Source: Reuters
20/07/2023 8:50:22 AM
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves The dollar held just above an over one-year low on Wednesday as traders assessed the U.S. rate outlook, while the New Zealand dollar spiked briefly after a higher-than-expected inflation reading pushed back prospects of policy easing further out. The U.S. dollar managed to nudge up after a mixed retail sales report overnight, with sales growth missing forecasts in June but consumers boosted or maintained spending elsewhere, pointing to consumer resilience that is likely to keep the economy...
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves
Dollar tentative, kiwi jumps as NZ inflation data tempers rate doves
Source: Reuters
19/07/2023 8:58:25 AM
Asia stocks split as US-China outlooks diverge Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower. Hotter-than-expected inflation lifted the New Zealand dollar a little and stoked some market nerves ahead of British CPI due later in the day. ...
Asia stocks split as US-China outlooks diverge
Asia stocks split as US-China outlooks diverge
Source: Reuters
19/07/2023 8:42:12 AM
Gold prices tick up as traders await Fed cues Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders waited for retail sales data from the United States to gauge any impact on the U.S. Federal Reserve's monetary tightening path. Spot gold rose 0.3% to $1,959.54 per ounce by 0359 GMT. U.S. gold futures gained 0.4% to $1,963.70. The dollar wobbled near an over one-year low. A weaker dollar makes gold cheaper for holders of other currencies. [USD/] While the upcoming Fed m...
Gold prices tick up as traders await Fed cues
Gold prices tick up as traders await Fed cues
Source: Reuters
18/07/2023 9:46:35 AM
Asia shares slip further as China casts a pall, dollar's slide abates  Asian stocks fell on Tuesday as weak Chinese economic data released the previous day continued to weigh on sentiment, while investors were waiting to see if U.S. retail sales data would shine a light on the path for U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.63% in the morning session. Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released...
Asia shares slip further as China casts a pall, dollar's slide abates
Asia shares slip further as China casts a pall, dollar's slide abates
Source: Reuters
18/07/2023 9:11:06 AM
Dollar teeters near one-year low; euro scales 17-month peak  The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week's cooler-than-expected U.S. inflation report. The U.S. dollar index, which measures the greenback against a basket of six currencies, dipped slightly to 99.84 in early Asia trade, after having tumbled to its lowest since April 2022 on Friday. The index also clocked its worst week of 2023 la...
Dollar teeters near one-year low; euro scales 17-month peak
Dollar teeters near one-year low; euro scales 17-month peak
Source: Reuters
18/07/2023 8:49:36 AM
Dollar licks wounds as policy peak looms A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further. The euro, which jumped 2.4% last week to a 16-month high, held just below that peak at $1.1223. The yen, also up 2.4% last week, held at 138.56 per dollar. Chinese growth data landed a little above low expectations on Monday, but without sparking much currency market response as traders had already priced i...
Dollar licks wounds as policy peak looms
Dollar licks wounds as policy peak looms
Source: Reuters
17/07/2023 9:05:40 AM
Dollar takes a beating as traders see US rates peaking A bruised dollar was nudged lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month's end. The dollar had its worst session in five months overnight, falling more than 1% against the euro to its lowest in more than a year and notching even larger losses elsewhere. The euro hit a fresh 15-month high of $1.1141 in early Asia trade and the yen, up 0.3% at 138.16 per dollar, was its stronges...
Dollar takes a beating as traders see US rates peaking
Dollar takes a beating as traders see US rates peaking
Source: Reuters
13/07/2023 9:22:48 AM
Stocks firm, dollar on edge ahead of Fed decision Asia's stockmarkets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day. Wall Street indexes had rallied, as had bonds to a lesser extent, while the dollar gave up gains overnight when the Fed's preferred wages gauge, the U.S. employment cost index, showed a 1% rise last quarter, its smallest increase in a year. MSCI's broadest index of Asia-Pacific...
Stocks firm, dollar on edge ahead of Fed decision
Stocks firm, dollar on edge ahead of Fed decision
Source: Reuters
1/02/2023 8:09:38 AM
Asian stocks edge down as investors eye central bank hikes Asian shares edged down and bonds nursed small losses on Tuesday as investors braced for an eventful week that will include central bank meetings, a slew of earnings reports and key U.S. economic data. Investors broadly expect the U.S. Federal Reserve to raise interest rates by 25 basis points (bps) on Wednesday. Interest rate announcements are due on Thursday from both the Bank of England and the European Central Bank - and both are expected to hike rates by 50 bps. Meanwhile, more tha...
Asian stocks edge down as investors eye central bank hikes
Asian stocks edge down as investors eye central bank hikes
Source: Reuters
31/01/2023 9:01:34 AM
Dollar, bond yields rise ahead of pivotal rate hikes LONDON  - Stocks stalled and the dollar and bond yields edged higher on Monday as record euro zone inflation, weak Chinese data and Russia's withdrawal from a crucial grain pact set traders up for another bumper Federal Reserve rate hike this week. A potentially pivotal week for U.S. monetary policy was given a new twist from renewed "terminal rate" speculation, with the worrying growth signals from China and global inflation fears also stoked by higher agricultural pric...
Dollar, bond yields rise ahead of pivotal rate hikes
Dollar, bond yields rise ahead of pivotal rate hikes
Source: Reuters
31/10/2022 8:22:30 PM
European stocks slip; ECB raises rates by 75 bps LONDON- European shares fell on Thursday and Wall Street futures were mixed, as investors weighed up disappointing earnings results with speculation that major central banks could be coming towards the end of their rate-hiking cycles. The European Central bank raised rates by 75 basis points and signalled that it was keen to start shrinking its bloated balance sheet. At 1252 GMT, the MSCI world equity index, which tracks shares in 47 countries, was down 0.1% on the day, holding just bel...
European stocks slip; ECB raises rates by 75 bps
European stocks slip; ECB raises rates by 75 bps
Source: Reuters
27/10/2022 7:47:30 PM
Yen weak versus dollar, euro ahead of busy central bank week HONG KONG - The Japanese yen was on the back foot on Monday, ahead of a busy policy-focused week in which inflation will be in the spotlight with a major European Central Bank meeting and U.S. consumer price data scheduled. The dollar climbed to 130.99 yen in early trade, a fresh one-month high, and not far from last month's 20-year peak of 131.34, after gaining 2.95% last week. The euro has also climbed on the Japanese currency and hit 140.38 yen on Monday morning, extending a...
Yen weak versus dollar, euro ahead of busy central bank week
Yen weak versus dollar, euro ahead of busy central bank week
Source: Reuters
6/06/2022 8:18:53 AM
Asia shares brace for U.S. inflation, euro up on ECB bets SYDNEY - Asian shares made a muted start on Monday as caution gripped ahead of a critical reading on U.S. inflation, while the euro gained on the yen amid wagers the European Central Bank will take a major step toward policy tightening this week. Oil prices jumped in early trade after Saudi Arabia raised prices sharply for its crude sales in July, an indicator of how tight supply is even after OPEC+ agreed to accelerate its output increases over the next two months. MSCI's broadest ...
Asia shares brace for U.S. inflation, euro up on ECB bets
Asia shares brace for U.S. inflation, euro up on ECB bets
Source: Reuters
6/06/2022 8:01:37 AM
Dollar at 2021 high after hot U.S. inflation SYDNEY - The dollar hit 2021 highs against sterling and the euro on Thursday, while the yen was smarting from its sharpest drubbing in a month, after the hottest U.S. inflation reading in a generation fanned bets on rate hikes. U.S. consumer prices grew at their fastest annual pace since 1990 last month, data showed, and traders think the Federal Reserve could respond by lifting interest rates faster than peers in Europe and Japan. The euro was pummelled, as the European Central Bank is...
Dollar at 2021 high after hot U.S. inflation
Dollar at 2021 high after hot U.S. inflation
Source: Reuters
11/11/2021 11:38:34 AM
Gold inches lower on dollar uptick; focus on key central bank meetings Gold prices edged lower on Tuesday, weighed down by an uptick in the dollar as investors eye upcoming key central bank meetings this week. FUNDAMENTALS * Spot gold fell 0.1% to $1,805.96 per ounce by 0116 GMT. U.S. gold futures was flat at $1,806.60. * On Monday, the metal rose nearly 1% to a high of $1,809.66, only about $4 shy of an over one-month peak scaled last week. * The dollar rose 0.1% on Tuesday, recovering from a near one-month trough hit during the previous session. A ...
Gold inches lower on dollar uptick; focus on key central bank meetings
Gold inches lower on dollar uptick; focus on key central bank meetings
Source: Reuters
26/10/2021 8:51:25 AM
Dollar catches footing as inflation pressures rates outlook SINGAPORE - The dollar steadied on Monday after its steepest weekly loss in more than a month, as traders weigh the effect of inflation on the relative pace of looming rate hikes - with a wary eye on U.S. growth data and a European Central Bank meeting. The greenback had softened, especially against the yen, after Federal Reserve Chair Jerome Powell said on Friday it was time to start cutting back asset purchases, though not yet time to begin raising interest rates. His remarks came as ...
Dollar catches footing as inflation pressures rates outlook
Dollar catches footing as inflation pressures rates outlook
Source: Reuters
25/10/2021 8:51:41 AM
European Central Bank sets 'moderately lower pace' for bond buying The European Central Bank (ECB) decided to leave its key interest rates unchanged and set a "moderately lower pace" for the Covid-19 pandemic-related bond buying. "Based on a joint assessment of financing conditions and the inflation outlook, the Governing Council judges that favourable financing conditions can be maintained with a moderately lower pace of net asset purchases under the pandemic emergency purchase program (PEPP) than in the previous two quarters," the EC...
European Central Bank sets 'moderately lower pace' for bond buying
European Central Bank sets 'moderately lower pace' for bond buying
Source: IANS
10/09/2021 11:32:45 AM
Excess liquidity in US pushing PE/VC investment in India The mega liquidity unleashed by the US and European central banks, low yields and the declining dollar is forcing large LP's (limited partners or investors in PE firms) to increase their allocations towards higher yield generating and growing emerging markets -- of which India will be a beneficiary, according to an EY Insights report. Though, private equity and venture capital (PE and VC) investments in 2021 have gotten off to a slow start, with January-February 2021 investments being ...
Excess liquidity in US pushing PE/VC investment in India
Excess liquidity in US pushing PE/VC investment in India
Source: IANS
8/04/2021 4:05:53 PM