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Russia's Sberbank launches rupee accounts for individuals Russia's dominant lender on Wednesday said individuals could now open accounts in Indian rupees, expanding the range of foreign currencies available as Moscow strives to reduce dependency on the U.S. dollar and euro. "As Sberbank has highlighted, the bank supports the trend of de-dollarisation and constantly increases the number of foreign currencies available to clients," Sberbank said in a statement. Sberbank has more than 100 million retail clients and already offers de...
Russia's Sberbank launches rupee accounts for individuals
Russia's Sberbank launches rupee accounts for individuals
Source: Reuters
14/06/2023 12:48:16 PM
Asia shares inch higher, U.S. inflation test looms Asian shares crept higher on Monday as investors braced for a week where U.S. inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar. Friday's robust U.S. payrolls report has already delivered a setback to easing hopes and any upside surprise on consumer prices would challenge bets for a rate cut as soon as September. Forecasts are for a rise of 0.4% in April for both the headline and core CPI,...
Asia shares inch higher, U.S. inflation test looms
Asia shares inch higher, U.S. inflation test looms
Source: Reuters
8/05/2023 8:48:15 AM
As dedollarisation picks up steam, it will have positive cascading effect on Rupee India has traditionally traded with the global community in US Dollars and a basket of currencies. Against the basket we have done well and have appreciated against the British Pound and Euro, but it is against the US dollar that our performance has not been the best. To add to our concerns is the fact that many countries have their currency pegged to the US Dollar. Some examples are the UAE Dirham, Malaysian Ringgit and Hong Kong Dollar, among others. India has been trading in Indian R...
As dedollarisation picks up steam, it will have positive cascading effect on Rupee
As dedollarisation picks up steam, it will have positive cascading effect on Rupee
Source: IANS
6/05/2023 4:03:44 PM
Freezing of Russian Central Bank assets a turning point for dollar`s dominance Following the invasion in Ukraine, many argued that the freezing of Russian Central Banks assets was a turning point for the dollars dominance, says Maria Demertzis, a senior fellow at Bruegel and part-time professor of economic policy at the School of Transnational Governance at the European University Institute in Florence. This changes the insurance value of holding reserves, as central banks around the world are now forced to prepare for the possibility of seeing their assets captured ...
Freezing of Russian Central Bank assets a turning point for dollar`s dominance
Freezing of Russian Central Bank assets a turning point for dollar`s dominance
Source: IANS
6/05/2023 12:46:25 PM
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a steadfastly dovish Bank of Japan kept foreign exchange markets busy engaging in so called 'carry-trades'. The Aussie dollar kept near the middle of its recent trading range with the greenback ahead of the Reserve Bank of Australia's (RBA) policy decision at 0430 GMT, with money markets positioned for a second meeting with no change. However, there remains a risk of anoth...
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Source: Reuters
2/05/2023 9:10:08 AM
Euro near one-year peak as US economic risks weigh on dollar The euro hovered near a one-year high versus the dollar on Thursday, as Europe's resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting...
Euro near one-year peak as US economic risks weigh on dollar
Euro near one-year peak as US economic risks weigh on dollar
Source: Reuters
27/04/2023 8:50:25 AM
Italy, IMF predict improvement in debt, deficit Italy's debt and deficit levels are falling, according to new data from the Italian government and the International Monetary Fund (IMF). However, the two authorities hold differing views on the rate of change. The Italian government predicted this week that the country's public debt would fall to 142 per cent of its gross domestic product (GDP) this year, reports Xinhua news agency. Next year, it will decrease further to 141.2 per cent, before falling to 140.4 per cent in 2026,...
Italy, IMF predict improvement in debt, deficit
Italy, IMF predict improvement in debt, deficit
Source: IANS
13/04/2023 5:11:59 PM
UEFA receives three bids for Euro 2028 and 2032  UEFA announced that it received three bids from Britain and Ireland, Turkey and Italy to host the 2028 and 2032 European Championships. These includes a joint bid from Britain and Ireland, represented by the football associations of England, Northern Ireland, Ireland, Scotland and Wales to bid for EURO 2028, while Turkey is interested in either EURO 2028 or 2032, the UEFA said on Wednesday. The Italian Football Federation submitted its bid dossier for EURO 2032, a Xinhua report sa...
UEFA receives three bids for Euro 2028 and 2032
UEFA receives three bids for Euro 2028 and 2032
Source: IANS
13/04/2023 2:51:08 PM
Euro 2024 Qualifiers: France thrash Netherlands, Belgium too win their opening match World Cup runners-up France swept the Netherlands 4-0 in their opening group match at the Euro 2024 Qualifiers while Belgium outplayed Sweden 3-0 with Romelu Lukaku's hat-trick. The Netherlands' suffering was even ahead of the match as five of their players were sent home on the eve of the game for catching the flu virus. With Kylian Mbappe wearing the captain's armband of the French national team for the first time, the hosts started their campaign perfectly in Paris as Ant...
Euro 2024 Qualifiers: France thrash Netherlands, Belgium too win their opening match
Euro 2024 Qualifiers: France thrash Netherlands, Belgium too win their opening match
Source: IANS
25/03/2023 1:12:26 PM
Deutsche Bank shares slump as another major bank comes into spotlight Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend, MarketWatch reported. The German lender's shares fell 8 per cent in Frankfurt trade, and the Euro Stoxx bank index fell 4 per cent. Deutsche Bank's 5-year credit-default swaps widened on Thursday. It should be noted that Deutsche Bank's 5-year credit-default swap, which was 175 on Thursday, is nowhere near the peak for Credit Suiss...
Deutsche Bank shares slump as another major bank comes into spotlight
Deutsche Bank shares slump as another major bank comes into spotlight
Source: IANS
24/03/2023 5:32:01 PM
Euro 2024 Qualifiers: Cristiano Ronaldo breaks record of world's most-capped male international  Portugal veteran Cristiano Ronaldo made more history during Portugal's victory against Liechtenstein in the Euro 2024 Qualifier by becoming the world's most-capped male international with 197 appearances for his country. Ronaldo led Portugal to a 4-0 triumph against Liechtenstein, scoring a brace. The veteran's first strike was a penalty, while his second was a ferocious free kick. With his 197th international appearance for Portugal Ronaldo leapfrogged Kuwait legend B...
Euro 2024 Qualifiers: Cristiano Ronaldo breaks record of world's most-capped male international
Euro 2024 Qualifiers: Cristiano Ronaldo breaks record of world's most-capped male international
Source: IANS
24/03/2023 4:30:31 PM
Euro 2024 Qualifiers: Harry Kane overtakes Wayne Rooney to break England's all-time goal record  Harry Kane became England's all-time record goalscorer, as the Three Lions got their Euro 2024 qualifying campaign off to the perfect start with a 2-1 victory over Italy. The Three Lions skipper struck his 54th international goal, breaking the national record of 53 goals he previously shared with Wayne Rooney, and helped his side claim their first win on Italian soil since 1961. "It means everything. Once it hit the back of the net, there was so much emotion. It's jus...
Euro 2024 Qualifiers: Harry Kane overtakes Wayne Rooney to break England's all-time goal record
Euro 2024 Qualifiers: Harry Kane overtakes Wayne Rooney to break England's all-time goal record
Source: IANS
24/03/2023 4:06:12 PM
I had never been through this...I'm a better man now: Ronaldo opens up on his controversial Manchester United exit Portugal captain Cristiano Ronaldo has opened up on his controversial exit from Manchester United, admitting that he had never been through this phase in his career but "he is a better man" following his painful experience few months ago. The Portugal international also said that it was a bad career decision to rejoin the United in 2021. "Sometimes you have to go through some things to see who's on my side. In a difficult phase, you can see who is on your side. I have...
I had never been through this...I'm a better man now: Ronaldo opens up on his controversial Manchester United exit
I had never been through this...I'm a better man now: Ronaldo opens up on his controversial Manchester United exit
Source: IANS
23/03/2023 2:16:40 PM
Dollar climbs on higher rate expectations, Aussie slides on jobs shock  The dollar advanced on Thursday after strong U.S. retail sales data underpinned the resilience of the world's largest economy, cementing the case that the Federal Reserve still has further to go in tightening rates. Elsewhere, the Australian dollar slid after data on Thursday showed that employment surprised in January by falling for a second straight month, while the jobless rate jumped to its highest since last May. The Aussie, which was marginally higher on the day prior to...
Dollar climbs on higher rate expectations, Aussie slides on jobs shock
Dollar climbs on higher rate expectations, Aussie slides on jobs shock
Source: Reuters
16/02/2023 8:57:42 AM
Indian exporters boost euro hedges after rally to near two-year high Some Indian exporters are stepping up hedges of their future euro receipts on bets of limited upside to the rupee after the common currency's recent rally, analysts said. The EUR/INR pair soared to 90.44 on Feb. 2, just ahead of the European Central Bank meeting, its highest level since April 2021. It was last trading at 88.30. There is an urgency among exporters to hedge following the euro's rally to above 88, a treasury sales official at a private bank said. "...
Indian exporters boost euro hedges after rally to near two-year high
Indian exporters boost euro hedges after rally to near two-year high
Source: Reuters
13/02/2023 2:39:46 PM
U.S. dollar slips against euro ahead of Fed rate decision LONDON/SINGAPORE - The dollar edged lower against the euro on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision with investors hoping the U.S. central bank will signal the end of its interest rate hiking cycle. After a series of jumbo rate hikes in 2022 to tame inflation, the market expects a quarter-of-a-percentage-point increase in the Fed benchmark interest rate to 4.75%. It would be the smallest increase since the central bank kicked off its tightening cycle 10 mont...
U.S. dollar slips against euro ahead of Fed rate decision
U.S. dollar slips against euro ahead of Fed rate decision
Source: Reuters
1/02/2023 2:49:53 PM
European shares slide, euro steady as data tees up ECB rate hikes  The euro held near a nine-month high against the dollar on Tuesday, though European stocks eased after regional business activity data reinforced expectations that the European Central Bank (ECB) will raise rates by a further 50 basis points. Euro zone business activity made a surprise return to growth in January, according to a survey - the latest sign that the downturn in the bloc may not be as deep as feared. S&P Global's flash Composite Purchasing Managers' Index (...
European shares slide, euro steady as data tees up ECB rate hikes
European shares slide, euro steady as data tees up ECB rate hikes
Source: Reuters
24/01/2023 6:46:28 PM
Dollar pinned near nine-month low vs euro, yen bounces The dollar hovered near nine-month lows against the euro and surrendered recent gains against the yen on Tuesday, as traders weighed up the diverging economic outlooks for the United States and Europe. Euro zone data on Tuesday reinforced the view that the economy is surviving a winter of intense price pressures reasonably well, analysts said. The dollar index, which measures the U.S. currency's performance against a basket of six major currencies, edged up 0.1% to 102.07, narrowly ...
Dollar pinned near nine-month low vs euro, yen bounces
Dollar pinned near nine-month low vs euro, yen bounces
Source: Reuters
24/01/2023 6:35:59 PM
Euro nears nine-month peak as European Central Bank hawks let fly The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve. The euro crept ahead to $1.0870 and nearer its recent nine-month peak of $1.08875. A break there would open the way to a spike top from last April at $1.0936. It was aided by European Central Bank (ECB) governing council member Klaas Knot, who said interest rates would rise by 50...
Euro nears nine-month peak as European Central Bank hawks let fly
Euro nears nine-month peak as European Central Bank hawks let fly
Source: Reuters
23/01/2023 9:34:21 AM
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus The U.S. dollar and euro held firm on Wednesday as traders assessed European Central Bank's latest statements and waited to see whether data due this week will confirm that U.S. inflation is in retreat. While traders awaited U.S. inflation data to help firm up Federal Reserve interest rate hike expectations, French ECB policymaker Francois Villeroy de Galhau said on Wednesday that interest rate hikes will need to come at a "pragmatic pace" in the coming months. ECB staff p...
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus
Dollar, euro hold firm ahead of U.S. inflation, ECB in focus
Source: Reuters
11/01/2023 6:27:14 PM
German inflation surprise hits brakes on dollar`s slide The euro nursed losses on Wednesday and has helped the dollar to make a strong start to 2023, after a surprise slowdown in German inflation rallied bunds and sent the common currency sliding. The euro fell 1% overnight, its sharpest drop in more than two months, and it hovered near three-week lows at $1.0550 early in the Asia session. Along with a nervous mood as U.S. stocks fell, the move gave the dollar a broader boost and stopped a rising yen in its tracks. The yen was last steady at 131.2...
German inflation surprise hits brakes on dollar`s slide
German inflation surprise hits brakes on dollar`s slide
Source: Reuters
4/01/2023 9:29:37 AM
Dollar adrift as optimism over China reopening turns to caution  The dollar pared some gains on Thursday after riding long-end U.S. Treasury yields higher overnight, though investors remained on edge going into the year end as initial optimism over China's reopening fizzled. Following China's removal of its quarantine rule for inbound travellers beginning Jan. 8, countries such as the United States, Japan and India said they would require COVID tests for travellers from China. The speed at which the country has scrapped COVID rules has ...
Dollar adrift as optimism over China reopening turns to caution
Dollar adrift as optimism over China reopening turns to caution
Source: Reuters
29/12/2022 8:57:12 AM
Dollar climbs to one-week high vs yen amid spike in Treasury yields  The dollar climbed to a more than one-week high versus the yen on Wednesday, buoyed by higher Treasury yields amid hopes for a strong rebound in Chinese growth as COVID-19 curbs loosen. The yen also came under pressure amid more signals from the Bank of Japan that a surprise policy tweak last week was not the start of a scrapping of stimulus. The dollar rallied 0.5% to 134.17 yen in Asian trading, and earlier touched 134.40 for the first time since Dec. 20, when the BOJ sent the p...
Dollar climbs to one-week high vs yen amid spike in Treasury yields
Dollar climbs to one-week high vs yen amid spike in Treasury yields
Source: Reuters
28/12/2022 9:07:43 AM
Dollar jumps as strong jobs number spurs hawkish Fed bets The dollar jumped in line with U.S. Treasury yields on Friday after data showed that U.S. employers added more jobs than expected in November, potentially giving the Federal Reserve more incentive to raise interest rates. Employers added 263,000 jobs in November, well above estimates of 200,000. Average hourly earnings jumped by 0.6% in the month, above expectations for a 0.3% gain. The dollar index was last up 0.64% on the day against a basket of currencies at 105.31, and the greenback...
Dollar jumps as strong jobs number spurs hawkish Fed bets
Dollar jumps as strong jobs number spurs hawkish Fed bets
Source: Reuters
2/12/2022 7:51:36 PM
ECB warns of financial stability risks in euro area The European Central Bank (ECB) sees growing risks for financial stability in the euro area and warns that the likelihood of a recession is rising there. Presenting the bank's financial stability review here on Wednesday, ECB Vice President Luis de Guindos said that "in our assessment, risks to financial stability have increased and a technical recession in the euro area has become more likely", reports Xinhua news agency. The persistence of high inflation is currently the...
ECB warns of financial stability risks in euro area
ECB warns of financial stability risks in euro area
Source: IANS
17/11/2022 10:36:40 AM
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles The dollar rebounded on Thursday as strong U.S. retail data cast doubt on the recent narrative that inflation is in retreat and U.S. interest rates need not rise too much further. The risk-sensitive Aussie tumbled as Hong Kong's Hang Seng led a tech-driven slide in Asian equities. U.S. data overnight showed October retail sales rose 1.3%, compared with economist expectations for 1.0%, a healthy signal but one that dented hopes for a pause in rate increases. "Markets have pos...
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles
Dollar gains as U.S. spending points to rate hikes; Aussie tumbles
Source: Reuters
17/11/2022 9:13:36 AM
European Commission advances digital euro with legislative proposal The digital euro is inching closer to becoming a reality, with the European Commission (EC) preparing a legislative proposal and raising awareness on the matter, European Union (EU) officials have said. The conference, held by the EC and the European Central Bank (ECB) in Brussels, focuses on the legislative framework for the digital euro, reports Xinhua news agency. "The European Commission has been working together with the ECB to respond to the growing demand for online payments...
European Commission advances digital euro with legislative proposal
European Commission advances digital euro with legislative proposal
Source: IANS
8/11/2022 11:54:49 AM
Euro slips below parity, yen steady ahead of BOJ The euro held below parity on Friday as investors eyed a potential slowdown in future rate hikes by the European Central Bank, while the yen was on track for its best week in over two months ahead of a key central bank policy decision. The euro was last 0.05% lower at $0.9960, following a more than 1% slide overnight, after the ECB raised rates by 75 basis points, as expected, but took a more dovish tone on its rate outlook. The central bank dropped a reference to increasing rates "...
Euro slips below parity, yen steady ahead of BOJ
Euro slips below parity, yen steady ahead of BOJ
Source: Reuters
28/10/2022 9:22:48 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
INDIA RUPEE- Hits more than 1-week high on weaker dollar, oil prices The Indian rupee hit a more than one-week high against the U.S. currency on Friday, as the dollar index fell further from a two-decade high scaled earlier this week. The rupee was trading at 79.6350 per U.S. dollar, as of 0502 GMT, up from 79.71 in the previous session. The local currency had reached 79.57 earlier in the session. For the week, the rupee has gained about 0.2% and is headed for its best performance in seven weeks. The dollar index declined 0.8% to 108.84 and was poised...
INDIA RUPEE- Hits more than 1-week high on weaker dollar, oil prices
INDIA RUPEE- Hits more than 1-week high on weaker dollar, oil prices
Source: Reuters
9/09/2022 12:18:58 PM
U.S. dollar rises vs yen as Fed reinforces hawkish stance; euro falls The dollar gained against the yen on Thursday, climbing in nine of the last 10 sessions, after Federal Reserve Chair Jerome Powell reiterated that the U.S. central bank will continue to raise interest rates in order to tame surging inflation and warned against prematurely loosening monetary policy. For the last several months, dollar-yen has been the currency pair most sensitive to U.S. rate expectations. Across the Atlantic, the European Central Bank raised interest rates by a record 7...
U.S. dollar rises vs yen as Fed reinforces hawkish stance; euro falls
U.S. dollar rises vs yen as Fed reinforces hawkish stance; euro falls
Source: Reuters
9/09/2022 10:02:35 AM
Stocks, bond yields rise after record ECB rate hike, Powell comments Global stocks and government bond yields rose on Thursday after the European Central Bank raised interest rates by a record 75 basis points and Federal Reserve Chair Jerome Powell said the U.S. central bank was "strongly committed" to controlling inflation. The ECB also signalled further hikes to fight inflation, even as the bloc's economy is heading for a likely winter recession. Euro zone government bond yields jumped in the wake of the ECB news. Benchmark 10-year Treasu...
Stocks, bond yields rise after record ECB rate hike, Powell comments
Stocks, bond yields rise after record ECB rate hike, Powell comments
Source: Reuters
9/09/2022 9:55:28 AM
Dollar set for weekly fall as euro bounces on ECB hike The dollar was on track for its first weekly fall in four on Friday, as a hawkish rate hike from the European Central Bank lifted the euro and investors looked to U.S. inflation data early next week. The dollar lost ground across the board, with the dollar index - which tracks the greenback against six major peers - falling 1% on the day, last at 108.400. It is set for a 1.1% weekly fall. Among the big gainers was the euro, which leapt 1.1% to a three-week high of $1.01105, a day after ...
Dollar set for weekly fall as euro bounces on ECB hike
Dollar set for weekly fall as euro bounces on ECB hike
Source: IANS
9/09/2022 9:11:20 AM
Euro, stocks and pound fight back after latest energy shock European stock markets, the euro and the pound all clawed higher on Tuesday as previously surging gas prices slipped back 10%, although government bond market costs continued to rise and Japan's yen hit a fresh 24-year low. The mood was notably calmer after Monday's spooked reaction to Moscow's latest gas supply cuts. There was also hope that Britain's new prime minister Liz Truss would launch an instant relief package there, but the wounds from spiralling energy costs were...
Euro, stocks and pound fight back after latest energy shock
Euro, stocks and pound fight back after latest energy shock
Source: Reuters
6/09/2022 4:21:08 PM
Euro, sterling bounce on energy policy hopes, climb all over tumbling yen The euro and sterling were on Tuesday trying to recover from multi-year lows against the dollar hit the day before, as policy makers tried to get a grip on the energy crisis, though the rate sensitive Japanese yen slipped to a new 24 year-low. The pound and euro both gained over 0.6% with the pound reaching as high as $1.19609, and the euro $0.9987 up from its 20-year low hit on Monday. "That governments are working on price caps, support for the consumer and really trying to get a...
Euro, sterling bounce on energy policy hopes, climb all over tumbling yen
Euro, sterling bounce on energy policy hopes, climb all over tumbling yen
Source: Reuters
6/09/2022 2:36:24 PM
Euro plunges to 20-year low after Russian gas halt   The euro sank to a new 20-year low on Monday and below $0.99 after Russia's halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the former falling when prices of the energy source rise. Europe is scrambling to wean itself off Russian supplies and build up reserves before the cold winter months, but investors reckon t...
Euro plunges to 20-year low after Russian gas halt
Euro plunges to 20-year low after Russian gas halt
Source: IANS
5/09/2022 2:52:37 PM
Euro fragile as Fed hike looms, gas risks weigh  The euro nursed losses on Wednesday after its sharpest drop in two weeks, as a cut in Russian gas supply sent energy prices soaring, while the dollar held ground ahead of an expected U.S. interest rate hike later in the day. The euro fell about 1% to $1.0108 overnight, the largest fall since July 11 and was steady in early Asia trade at $1.0139. Europe's growth remains vulnerable to Russian gas supplies, which have become a major risk since the start of the Ukraine war. Flows ...
Euro fragile as Fed hike looms, gas risks weigh
Euro fragile as Fed hike looms, gas risks weigh
Source: Reuters
27/07/2022 8:31:23 AM
Gas rationing fears hammer euro, trigger government bond buying  The euro fell sharply on Tuesday and German government bonds extended their rally, as European Union countries prepared to approve emergency plans to curb gas usage in the face of the latest supply cuts from Russia. Europe faces an increased gas squeeze from Wednesday, when Russian's Gazprom said it would cut flows through the Nord Stream 1 pipeline to Germany to a fifth of capacity. The supply crunch and calls for energy rationing are likely to tip the euro bloc into recessio...
Gas rationing fears hammer euro, trigger government bond buying
Gas rationing fears hammer euro, trigger government bond buying
Source: Reuters
26/07/2022 4:32:05 PM
Euro retreats following gloomy PMIs The euro continued its retreat on Friday from a more-than-two-week high as disappointing activity data from France and Germany pushed the single currency lower, a day after the European Central Bank raised interest rates for the first time since 2011. German business activity unexpectedly shrank in July while French manufacturing activity contracted and growth in services slowed, preliminary purchasing managers' (PMI) surveys showed. Analysts said the euro was struggling as the euro...
Euro retreats following gloomy PMIs
Euro retreats following gloomy PMIs
Source: Reuters
22/07/2022 8:31:19 AM
Stocks gain for fifth straight session, euro advances after ECB rate hike A gauge of global stock markets rose for a fifth straight session while the euro edged up in choppy trading after the European Central Bank raised interest rates for the first time in more than a decade as it seeks to rein in inflation. The ECB had for weeks flagged a 25 basis point hike, until earlier this week, when sources told Reuters the central bank was weighing a bigger move. The central bank also introduced a bond protection plan, called the Transmission Protection Instrument (TPI)...
Stocks gain for fifth straight session, euro advances after ECB rate hike
Stocks gain for fifth straight session, euro advances after ECB rate hike
Source: Reuters
22/07/2022 8:29:44 AM
Euro knocked by Italy crisis ahead of landmark ECB hike  The euro wilted on Thursday as the European Central Bank geared up for its first rate rise in over a decade and as political tumult in Italy offset relief following the restart of Russian gas flows through the region's largest pipeline. Traders will have more than just the landmark rate move to juggle later, with the ECB also set to sketch out its "anti-fragmentation plan" - a bond market intervention scheme it hopes will prevent another euro zone debt crisis. The eu...
Euro knocked by Italy crisis ahead of landmark ECB hike
Euro knocked by Italy crisis ahead of landmark ECB hike
Source: Reuters
21/07/2022 8:27:34 AM
Euro slips from 2-week highs as mood turns sour  The euro slipped from two-week highs on Wednesday, as investors braced for a crucial European Central Bank policy meeting on Thursday after policymakers floated the prospects of a 50 bps interest rate hike. The single currency has rallied more than 3% in the last four trading sessions on expectations the European Central Bank (ECB) could deliver a big 50-bps rate hike and a Reuters report that a key Russian gas pipeline would reopen on time after maintenance. But investors' mo...
Euro slips from 2-week highs as mood turns sour
Euro slips from 2-week highs as mood turns sour
Source: Reuters
20/07/2022 8:51:45 AM
Euro rallies after report that bigger ECB rate hike is on the cards The euro rallied on Tuesday after a Reuters story that European Central Bank policymakers will discuss whether to raise interest rates by 25 or 50 points at their meeting on Thursday to tame record-high inflation. The jump in the euro, which sent it further away from the sub-parity levels of last week, coincided with falling expectations for an aggressive 100 basis point hike from the Federal Reserve this month, which knocked the dollar. The euro rose to as high as $1.0259, up 1.2% on t...
Euro rallies after report that bigger ECB rate hike is on the cards
Euro rallies after report that bigger ECB rate hike is on the cards
Source: Reuters
19/07/2022 2:20:50 PM
View on Rupee v/s Dollar v/s Euro By Mr. Asheesh Chanda, Kristal.AI View on Rupee v/s Dollar v/s Euro By Mr. Asheesh Chanda, Founder & CEO, Kristal.AI “It is a clear sign that global investors are choosing the safety of US markets over the recession risks of the EU. The impending threat of Russia cutting off gas supplies in winter coupled with the slow intervention by the ECB to control inflation, means that the recession in the EU looks imminent.  Hence investors are selling Euros and buying dollars. It also reinforces the importa...
View on Rupee v/s Dollar v/s Euro By Mr. Asheesh Chanda, Kristal.AI
View on Rupee v/s Dollar v/s Euro By Mr. Asheesh Chanda, Kristal.AI
Source: PR Agency
19/07/2022 8:44:43 AM
Euro at 1-week high, rowback in Fed rate hike bets knocks dollar  The euro firmed to a one-week high on Monday, benefiting from the dollar's retreat after several Federal Reserve officials signaled they did not favour stepping up the rate hiking pace. The comments late last week knocked the dollar off two-decade highs and boosted global stocks and non-dollar currencies, especially the euro. The mood was also broadly helped by stimulus support signals from China. The greenback index, measuring its rate against six global currencies, is now al...
Euro at 1-week high, rowback in Fed rate hike bets knocks dollar
Euro at 1-week high, rowback in Fed rate hike bets knocks dollar
Source: Reuters
18/07/2022 5:02:59 PM
Dollar climbs further pinning euro, yen at multi-decade lows The dollar resumed its relentless rise on Thursday, charting new 24-year highs against the yen and pinning the euro close to parity, as investors bet on the Federal Reserve ratcheting up interest rates to combat soaring inflation. Global economic turmoil has put a rocket under the safe haven dollar, pushing the dollar index that tracks the greenback against six counterparts up more than 13% this year. It was last up a fifth of a percent on the day at 108.500. The dollar strengthened mor...
Dollar climbs further pinning euro, yen at multi-decade lows
Dollar climbs further pinning euro, yen at multi-decade lows
Source: Reuters
14/07/2022 2:25:36 PM
Euro value fall against US dollars Says Mr. Asheesh Chanda, Kristal.AI Strategic acquisition of Globalise will enable partners to service retail investors to invest in global products via fractional investments. The acquisition of Globalise will add fractional stocks and ETF to its product offering Kristal.AI sees tremendous opportunity in global investing. Kristal.AI user base grows 7x to 30,000+ users in 2021 and AUM stands at US $ 400 mn Kristal.AI, a digital-first global private wealth management platform, today acquired global investment platf...
Euro value fall against US dollars Says Mr. Asheesh Chanda, Kristal.AI
Euro value fall against US dollars Says Mr. Asheesh Chanda, Kristal.AI
Source: PR Agency
14/07/2022 1:35:26 PM
Euro pierces parity, Wall Street gulps as U.S. inflation tops 9% LONDON  - The euro touched 1-to-1 versus the dollar for the first time in 20 years and stock markets skidded on Wednesday, after a 9.1% U.S. inflation reading - the highest since 1981 - bolstered the case for more supersized Fed rate hikes. Recession worries meant Europe's bourses had already been stumbling [.EU], but the eyewatering headline CPI number had been even higher than most economists had feared to forecast. Wall Street's gasps that another 75 basis point Fed hike...
Euro pierces parity, Wall Street gulps as U.S. inflation tops 9%
Euro pierces parity, Wall Street gulps as U.S. inflation tops 9%
Source: Reuters
13/07/2022 7:39:49 PM