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Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday tracking firm domestic equities, pullback in US Treasury yields and a softer American currency overseas. Moreover, some senior Federal Reserve officials signalled that the US central bank would hold interest rates unchanged at its meeting in September. Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 758.55 crore, while Domestic Institutional Investors net purchased shares to the...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
8/09/2023 12:13:12 PM
Gold set for weekly dip with resilient US economy in focus Gold firmed on Friday as the dollar retreated from highs but the bullion was still en route to a weekly fall as traders looked beyond a widely expected pause by the Federal Reserve this month to focus on persistently resilient U.S. data. Spot gold was up 0.3% to $1,924.98 per ounce by 0345 GMT, but set for a 0.7% weekly fall. U.S. gold futures rose 0.3% to $1,949.00. "Market participants are looking for other asset classes that can give them higher returns. That, at this moment, se...
Gold set for weekly dip with resilient US economy in focus
Gold set for weekly dip with resilient US economy in focus
Source: Reuters
8/09/2023 9:45:20 AM
Rupee to see some relief on pullback in US yields, dollar index The Indian rupee is expected to open higher on Friday on the back of a pullback in U.S. Treasury yields and a broadly softer dollar. Non-deliverable forwards indicate the rupee will open at around 83.12-83.14 to the U.S. dollar compared with 83.21 in the previous session. The rupee has been flirting with the record low of 83.29 and has largely avoided it, thanks to the Reserve Bank of India's (RBI) intervention. "It has been another week where the RBI has once again successf...
Rupee to see some relief on pullback in US yields, dollar index
Rupee to see some relief on pullback in US yields, dollar index
Source: Reuters
8/09/2023 9:24:43 AM
Buoyant dollar on course for its longest weekly winning streak since 2014 The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve's rate-hike cycle into question. In Asia, traders were keenly watching moves in the Chinese currency, after the onshore yuan tumbled to a 16-year low in the previous session. The U.S. dollar index, which measures the greenback against its major peers, steadied at 105.02 in early trade, not far from th...
Buoyant dollar on course for its longest weekly winning streak since 2014
Buoyant dollar on course for its longest weekly winning streak since 2014
Source: Reuters
8/09/2023 9:17:30 AM
With Indian rupee near record low, central bank steps up NDF intervention The Reserve Bank of India has been frequently intervening in the non-deliverable forward (NDF) market to make sure that the rupee does not drop to a record low, four bankers told Reuters on Thursday. The rupee was at 83.1525 to the U.S. dollar as of 11:16 a.m. IST, not too far from its record low of 83.29 hit in October 2022. The currency has largely avoided the decline in its Asian peers. "The RBI intervened on NDF in the morning (before local over-the-counter, OTC, markets opened...
With Indian rupee near record low, central bank steps up NDF intervention
With Indian rupee near record low, central bank steps up NDF intervention
Source: Reuters
7/09/2023 2:46:16 PM
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amid surging crude oil prices after OPEC+ heavyweights Saudi Arabia and Russia agreed to extend output cut till December this year, and firm American currency also put pressure on the rupee. Meanwhile, strong US services PMI data also fuelled expectations that the US Federal Reserve will keep interest rates higher for longer. Moreover, massive selling of equities by foreign investors also dampened rupee sentiments. Foreign Institutional ...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
7/09/2023 11:39:58 AM
Dollar shines as US economy outperforms, yen at 10-month low A buoyant dollar pushed the yen to a 10-month trough on Thursday and kept the euro and sterling pinned near three-month lows, as investors placed their faith in a still-resilient U.S. economy even amid a dour global growth outlook. A less-than-expected fall in China's exports and imports numbers in August did little to lift investors' spirits, as they remain on the lookout for further support measures from Beijing to shore up the economy and revive market confidence. The greenba...
Dollar shines as US economy outperforms, yen at 10-month low
Dollar shines as US economy outperforms, yen at 10-month low
Source: Reuters
7/09/2023 9:49:00 AM
Rupee warily eyes US yields, oil prices; banks on RBI help  The Indian rupee is expected to open little changed to the U.S. dollar on Thursday with rising U.S. Treasury yields and oil prices meeting expectations that the central bank will be there to defend the currency. Non-deliverable forwards indicate the rupee will open nearly unchanged from Wednesday's level of 83.1325. Asian currencies were weak again with the offshore Chinese yuan dropping to 7.3280 to the dollar. The 10-year U.S. Treasury yield was hovering near 4.30%, not too ...
Rupee warily eyes US yields, oil prices; banks on RBI help
Rupee warily eyes US yields, oil prices; banks on RBI help
Source: Reuters
7/09/2023 8:55:21 AM
Rupee weakens against US dollar on Wednesday Indian rupee weakened against the US dollar on Wednesday amid muted domestic equities following sustained foreign fund outflows over the past few days. Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 1,725.11 crore on Tuesday, exchange data showed. Moreover, surging crude oil prices and dollar buying by foreign banks also weighed on rupee sentiments. Meanwhile, investors are awaiting more cues on US monetary policy from several Fed off...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
6/09/2023 11:31:30 AM
Gold slides to 1-week low on elevated US dollar, yields Gold prices extended losses to hit their lowest level in a week on Wednesday as U.S. Treasury yields and the dollar strengthened on expectations that interest rates are likely to remain high. Spot gold was subdued at $1,925.70 per ounce by 0313 GMT, after posting its biggest one-day loss since Aug. 1 on Tuesday. U.S. gold futures dipped 0.1% to $1,951. The U.S. dollar hovered near six-month highs hit on Tuesday, while 10-year bond yields were at over one-week highs as markets weighed cu...
Gold slides to 1-week low on elevated US dollar, yields
Gold slides to 1-week low on elevated US dollar, yields
Source: Reuters
6/09/2023 9:49:27 AM
Rupee to remain below 83/USD on dollar rally, all eyes on RBI The Indian rupee is likely to weaken more on Wednesday after the dollar index rose to the highest in just under six months on weak risk and rising U.S. Treasury yields. Non-deliverable forwards indicate rupee will open at around 83.10-83.12 to the U.S. dollar, compared to 83.04 in the previous session which was a two-week low. U.S. Treasury yields rose on Tuesday with the 10-year yield now about ten basis points shy of the recent high. Expectations that the Federal Reserve will keep rates ...
Rupee to remain below 83/USD on dollar rally, all eyes on RBI
Rupee to remain below 83/USD on dollar rally, all eyes on RBI
Source: Reuters
6/09/2023 8:57:36 AM
Dollar firm on growth worries, fragile yen draws warning The dollar perched near a six-month peak on Wednesday as jitters over China and global growth dragged on risk sentiment, while the yen was close to a 10-month low, drawing the strongest warning since mid-August from Japan's top currency diplomat. The yen was at 147.66 per dollar in early Asian hours, just shy of 147.8 per dollar, the lowest since Nov. 4 it touched overnight. The Asian currency has hovered around the key 145 per dollar level for the past few weeks, leading traders to ke...
Dollar firm on growth worries, fragile yen draws warning
Dollar firm on growth worries, fragile yen draws warning
Source: Reuters
6/09/2023 8:50:07 AM
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday weighed down by firm crude oil prices on expectations of an extension in output cuts by leading Opec+ members Saudi Arabia and Russia. Moreover, foreign fund outflows from capital markets also dampened rupee sentiments. However, growing hopes of more stimulus measures in China and Fed’s pause in its interest rate hikes limited further weakness in rupee. Foreign Institutional Investors were net sellers in the capital markets on Monda...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
5/09/2023 12:15:41 PM
Dollar steadies, Aussie slips as RBA looms The dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve Bank of Australia's interest rate decision with bets that rates may have peaked. The Aussie was 0.5% lower at $0.6431 in early trade. Softer than expected inflation data for July has markets all but certain the cash rate will stay on hold at 4.1% when the RBA announces its decision in the next few hours, far lower than where U.S. overnight rates are at about 5.25-5.5%. The me...
Dollar steadies, Aussie slips as RBA looms
Dollar steadies, Aussie slips as RBA looms
Source: Reuters
5/09/2023 9:01:10 AM
Rupee to contend with weaker yuan, higher US yields The Indian rupee is likely to open flat-to-lower on Tuesday on the back of a decline in the Chinese yuan following weak data from Asia's largest economy and an uptick in U.S. Treasury yields. Non-deliverable forwards (NDF) indicate the rupee will open at around 82.75-82.78 to the U.S. dollar, compared with 82.7475 in the previous session. The offshore yuan dropped to 7.2940 to the dollar after a private sector survey showed China's services activity expanded at the slowest pace ...
Rupee to contend with weaker yuan, higher US yields
Rupee to contend with weaker yuan, higher US yields
Source: Reuters
5/09/2023 8:54:37 AM
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracking lackluster trade in domestic equity markets and firm crude prices, even after a soft US jobs report reinforced expectations that the US central bank will not hike interest rates this year. Moreover, data showed India's forex reserves dropped by $30 million to $594.858 billion in the week ended August 25, RBI said on Friday. However, Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
4/09/2023 11:25:01 AM
Dollar steady as traders bet Fed done with rates The dollar started Monday on a steady footing as investors assessed U.S. jobs data that showed some signs of cooling and bolstered expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Data on Friday showed U.S. job growth picked up in August, but the unemployment rate jumped to 3.8%, while wage gains moderated. The economy created 110,000 fewer jobs than previously reported in June and July. "The Goldilocks metaphor is much used and abused i...
Dollar steady as traders bet Fed done with rates
Dollar steady as traders bet Fed done with rates
Source: Reuters
4/09/2023 9:06:22 AM
Rupee to assess dollar rally despite a soft US jobs report The Indian rupee is likely to open little changed on Monday after a soft U.S. jobs report reinforced expectations that the Federal Reserve will not hike interest rates anymore, but the dollar still managed to rally. Non-deliverable forwards (NDF) indicate rupee will open at around Friday's level of 82.7150. "It's a bit confusing today. There is no doubt that the Fed will not hike in September, but then the dollar has moved up," a forex trader at a bank said. "T...
Rupee to assess dollar rally despite a soft US jobs report
Rupee to assess dollar rally despite a soft US jobs report
Source: Reuters
4/09/2023 9:00:23 AM
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday, tracking firm domestic equities after India’s economy grew 7.8% in the April-June quarter YoY, the highest in the past four quarters. Meanwhile, weaker-than-expected growth and labour market data in the United States also raised expectations that the US Federal Reserve will not hike interest rates further. Investors are focusing on key US monthly jobs report due later in the day. However, foreign fund outflows and rising crude p...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
1/09/2023 12:05:22 PM
Dollar set for weekly loss as crucial US jobs data looms The dollar was on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly U.S. jobs report that is likely to inform the path for Federal Reserve policy over coming months. The U.S. currency dipped to a one-week low against the yen, weighed down by slumping Treasury yields, after a volatile week when overall soft economic data tempered the outlook for further Fed rate hikes. However, the greenback held on to gains made against the euro ...
Dollar set for weekly loss as crucial US jobs data looms
Dollar set for weekly loss as crucial US jobs data looms
Source: Reuters
1/09/2023 9:15:57 AM
Rupee to receive boost from yuan rally, growth data The Indian rupee is set to rise at open on Friday on the back of a rally in the Chinese yuan following steps by the country's central bank and on robust domestic June-quarter growth. Non-deliverable forwards indicate the rupee will open at around 82.60-82.62 to the U.S. dollar compared with 82.7850 in the previous session. The rupee in each session this week has opened higher but has been unable to sustain it. A similar outcome is expected on Friday. The rupee is likely to weaken...
Rupee to receive boost from yuan rally, growth data
Rupee to receive boost from yuan rally, growth data
Source: IANS
1/09/2023 9:05:23 AM
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday tracking weakness in the domestic equity markets. Moreover, foreign fund outflows and higher crude oil prices also weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital market as they offloaded shares worth Rs 494.68 crore on Wednesday, exchange data showed. However, India’s GDP in the April-June quarter is expected to have accelerated to 7.7% for the first quarter of the current fiscal that w...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
31/08/2023 12:16:43 PM
Gold firms near one-month high with US inflation data on tap Gold prices firmed near one-month highs on Thursday as a fresh set of soft U.S. data added to expectations that the Federal Reserve will pause rake hikes this year, although inflation readings due later in the day could amend this outlook. Spot gold was up 0.2% at $1,945.40 per ounce by 0331 GMT. U.S. gold futures steadied at $1,972.40. Despite this week's gains, bullion is on track for a monthly decline of nearly 1% as the U.S. dollar eyes its first monthly rise in three and U.S. T...
Gold firms near one-month high with US inflation data on tap
Gold firms near one-month high with US inflation data on tap
Source: Reuters
31/08/2023 10:05:57 AM
Euro jumps on inflation while dollar braces for jobs The euro stood at a 15-year high on the yen on Thursday on signs of sticky inflation in Europe, while the dollar was squeezed ahead of consumption, inflation and jobs data that could add to evidence of a softening economy. Annual inflation in Germany and Spain barely slowed in August, against expectations, data on Wednesday showed. Traders figured it increased chances of a rate hike in Europe next month to about 50-50, and bought the euro which rose 0.4% to $1.0923. It was steady in ...
Euro jumps on inflation while dollar braces for jobs
Euro jumps on inflation while dollar braces for jobs
Source: Reuters
31/08/2023 9:03:29 AM
Rupee to rise as dollar extends losses on US GDP growth revision The Indian rupee is expected to open higher on Thursday after the dollar index extended losses following a downward revision to U.S. economic growth in the second quarter. Non-deliverable forwards indicate the rupee will open at around 82.62-82.64 to the U.S. dollar, compared with its close of 82.7325 in the previous session. The currency has not been able to hold onto its opening gains in each of the last three sessions. It dropped to 82.80 on Wednesday. Based on the recent price ac...
Rupee to rise as dollar extends losses on US GDP growth revision
Rupee to rise as dollar extends losses on US GDP growth revision
Source: Reuters
31/08/2023 8:56:18 AM
Gold at 3-week high as dollar slips Gold rallied to its three-week high as the US dollar and Treasury yields slipped amidst weak economic data points, says Navneet Damani, Senior VP of Commodity Research at Motilal Oswal Financial Services. Today focus will be on US GDP and Private payroll data, which if reported lower than expectations could further support gains for gold and silver prices, he said. Broader trend on COMEX could be in the range of $1,915-1,950 and on domestic front prices could hover in the range of Rs 59...
Gold at 3-week high as dollar slips
Gold at 3-week high as dollar slips
Source: IANS
30/08/2023 3:42:43 PM
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday amid firm domestic equities. Moreover, easing interest rate concerns by the US Federal Reserve after data signalled a slowdown in the world's largest economy, also supporting rupee sentiments. Moreover, Foreign Institutional Investors were net buyers in the capital markets on Tuesday as they bought equities worth Rs 61.51 crore, exchange data showed. However, firm crude oil prices and strengthening American currency have limited...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
30/08/2023 11:19:00 AM
Oil prices rise on large US stockpile draw, hurricane jitters Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose 17 cents, or 0.2%, to $85.66 a barrel by 0133 GMT. The October contract expires on Thursday and the more active November contract was at $85.08 a barrel, up 17 cents. U.S. West Texas Intermediate crude futures gained 24 ce...
Oil prices rise on large US stockpile draw, hurricane jitters
Oil prices rise on large US stockpile draw, hurricane jitters
Source: Reuters
30/08/2023 9:04:29 AM
Dollar licks wounds after jobs shock; Aussie dips as inflation cools The dollar nursed its sharpest drop in a month and a half on Wednesday, as investors bet that softer-than-expected U.S. jobs data reduced the chances of further Federal Reserve rate hikes. The Japanese yen hovered around 146 per dollar following its overnight rebound from a 10-month trough at 147.375, as a drop in Treasury yields took away support for the U.S. currency. The Australian dollar dropped from near a two-week peak after inflation there cooled by more than economists predicted...
Dollar licks wounds after jobs shock; Aussie dips as inflation cools
Dollar licks wounds after jobs shock; Aussie dips as inflation cools
Source: Reuters
30/08/2023 8:59:51 AM
Rupee set to rise as US dollar, yields retreat after weak job openings The Indian rupee is expected to advance on Wednesday after weaker-than-expected U.S. job openings prompted a decline in the U.S. dollar index and Treasury yields. Non-deliverable forwards indicate rupee will open at around 82.60 to the dollar compared with its previous close of 82.7050. In wake of the decent sized down move on (U.S.) yields and dollar, rupee will "have a good opening", a forex trader at a Mumbai-based bank said. "But after that, I think it is more than...
Rupee set to rise as US dollar, yields retreat after weak job openings
Rupee set to rise as US dollar, yields retreat after weak job openings
Source: Reuters
30/08/2023 8:54:19 AM
Rupee trades almost flat against US dollar on Tuesday Indian rupee is trading almost flat against the US dollar on Tuesday amid positive domestic equity markets. Some cautiousness came in with a private report that India is poised for its lowest monsoon rains in eight years, with the EI Nino weather pattern seen crimping September precipitation after an August that is on track to be the driest in over a century. However, down side remained capped as India Ratings said that the country’s CAD is likely to narrow to around $10 billion or 1 pe...
Rupee trades almost flat against US dollar on Tuesday
Rupee trades almost flat against US dollar on Tuesday
Source: Accord Fintech
29/08/2023 11:09:31 AM
Gold gains support from a dip in US dollar, bond yields Gold prices gained on Tuesday as the dollar and Treasury yields retreated from recent highs ahead of crucial U.S. inflation and jobs data this week that could define the outlook for interest rates. Spot gold climbed 0.3% to $1,924.84 per ounce by 0354 GMT, hovering close to its highest level since Aug. 10 reached on Monday. U.S. gold futures gained 0.3% to $1,952.90. Gold prices are seeing short-covering by short-term speculators as a minor key resistance at $1,907 that coincided with t...
Gold gains support from a dip in US dollar, bond yields
Gold gains support from a dip in US dollar, bond yields
Source: Reuters
29/08/2023 10:00:43 AM
Dollar soft as markets brace for data fest; yen under pressure The dollar was tentative on Tuesday as traders resisted placing large bets ahead of a slew of economic data this week, while the yen struggled near levels that triggered intervention last year. The dollar index, which measures U.S. currency against six key rivals, eased 0.077% at 103.85, after slipping 0.2% on Monday. The index is up 2% this month as resilient economic data bolstered expectations that interest rates may stay higher for longer. That view gained more traction in the wake ...
Dollar soft as markets brace for data fest; yen under pressure
Dollar soft as markets brace for data fest; yen under pressure
Source: Reuters
29/08/2023 9:12:36 AM
Rupee may inch up tracking US Treasury yields fall, soft dollar The Indian rupee is expected to advance on Tuesday in the wake of a pullback in U.S. Treasury yields and the dollar in the lead-up to a slew of key economic data. Non-deliverable forwards (NDF) indicate rupee will open slightly higher to the U.S. dollar from 82.63 in the previous session. "We think it will be a better opening (for the rupee) than NDF is suggesting," a forex trader at a bank said. "Having said that, it will be a very quiet session with an intraday range...
Rupee may inch up tracking US Treasury yields fall, soft dollar
Rupee may inch up tracking US Treasury yields fall, soft dollar
Source: Reuters
29/08/2023 9:02:51 AM
Rupee strengthens marginally against US dollar on Monday Indian rupee strengthened marginally against the US dollar on Monday tracking firm domestic equities and strength in global markets after China's move to halve stamp duty on stock transactions to boost its struggling economy. However, hawkish comments from the US Federal Reserve Chair Jerome Powell at Jackson Hole, selling pressure by foreign investors and drop in foreign exchange reserves have dented sentiments in rupee and limited further gains. Foreign Institutional Investors were net ...
Rupee strengthens marginally against US dollar on Monday
Rupee strengthens marginally against US dollar on Monday
Source: Accord Fintech
28/08/2023 12:16:03 PM
Dollar soft as investors digest 'higher for longer' path  The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after the Fed Chair Jerome Powell left open the possibility of further interest rate increases, while the yen hovered close to its lowest in over nine months. In an eagerly awaited speech at the annual Jackson Hole Economic Policy Symposium, Federal Reserve Chair Powell promised to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from t...
Dollar soft as investors digest 'higher for longer' path
Dollar soft as investors digest 'higher for longer' path
Source: Reuters
28/08/2023 9:15:31 AM
Rupee to inch up after Powell's speech, key US data eyed  The Indian rupee is likely to inch up slightly on Monday following the U.S. dollar's retreat from a three-month high after Federal Reserve Chair Jerome Powell's comments at Jackson Hole. Non-deliverable forwards (NDF) indicate rupee will open at around 82.56-82.58 to the U.S. dollar compared with 82.6475 in the previous session. "We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data,"...
Rupee to inch up after Powell's speech, key US data eyed
Rupee to inch up after Powell's speech, key US data eyed
Source: Reuters
28/08/2023 8:54:43 AM
Rupee weakens against US dollar on Friday Indian rupee weakened against US dollar on Friday tracking weakness in domestic equities and a firm American currency overseas with caution ahead of Jackson Hole speech from US Federal Reserve Chair Jerome Powell. Prospect of higher US interest rates and an upward movement in crude prices also weighed on the domestic currency. However, inflow of foreign funds into capital markets limited further fall in rupee. Foreign institutional investors were net buyers in equities on Thursday as they pur...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
25/08/2023 12:09:29 PM
Dollar loiters at two-month peak ahead of Jerome Powell speech The U.S. dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as markets await a speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell's address on monetary policy at the Jackson Hole Economic Policy Symposium at 10:05 a.m. ET (1405 GMT) to better understand whether the Fed is done with rate hikes and how long it plans to keep rates elevated. The dollar index, which measures...
Dollar loiters at two-month peak ahead of Jerome Powell speech
Dollar loiters at two-month peak ahead of Jerome Powell speech
Source: Reuters
25/08/2023 9:03:47 AM
Oil heads for weekly fall on demand worries, dollar strength Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. Crude prices are set to fall between 2%-3% for the week, a second consecutive week of decline. Oil settled modestly higher in the previous session after ...
Oil heads for weekly fall on demand worries, dollar strength
Oil heads for weekly fall on demand worries, dollar strength
Source: Reuters
25/08/2023 8:56:52 AM
Rupee surges against US dollar on Thursday Indian rupee surged against the US dollar on Thursday tracking firm domestic equities and retreat in American currency overseas. Meanwhile, many investors are eagerly awaiting US Fed Chair Jerome Powell's speech at the Jackson Hole Symposium for more clues about the economy and interest-rate outlook. Rupee improved further as tepid US PMI data fuelled expectations that the US central bank would end its tightening campaign to avert a recession. Moreover, fresh foreign fund inflows into cap...
Rupee surges against US dollar on Thursday
Rupee surges against US dollar on Thursday
Source: Accord Fintech
24/08/2023 12:09:19 PM
Soft data drags back dollar ahead of Jackson Hole The dollar nursed a sharp pullback against Asian currencies on Thursday, after softer-than-expected global economic data muddied the interest rate outlook and pushed down U.S. yields ahead of the Federal Reserve's Jackson Hole symposium. The Australian dollar, which has been taking a battering for a few months on signs of China's slowdown and resilience in the U.S., jumped 0.9% overnight after U.S. manufacturing and services PMIs missed expectations. "Weaker than expected ....
Soft data drags back dollar ahead of Jackson Hole
Soft data drags back dollar ahead of Jackson Hole
Source: Reuters
24/08/2023 9:04:16 AM
Rupee set to gain further after slide in US Treasury yields The Indian rupee is expected to rise further on Thursday following a pullback in U.S. Treasury yields on weak economic data. Non-deliverable forwards indicate the rupee will open at around 82.58-82.60 to the U.S. dollar, compared with its close of 82.6850 in the previous session. The rupee, on Wednesday, had its best session in more than two months after the Reserve Bank of India asked some banks to not initiate new outright NDF arbitrage positions. The "hangover from yesterday ...
Rupee set to gain further after slide in US Treasury yields
Rupee set to gain further after slide in US Treasury yields
Source: Reuters
24/08/2023 8:57:42 AM
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday, despite cautious mood ahead of the BRICS summit and US Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium this week for clues about the future path of interest rates. Softness in the American currency and a string of supportive measures in China supported rupee’s uptrend. However, Foreign Institutional Investors were net sellers in capital markets as they offloaded shares worth Rs 495.17 crore on Tuesd...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
23/08/2023 11:34:18 AM
Dollar hovers near two-month high, yen near 146/$ The U.S. dollar perched near a two-month peak on Wednesday as investors looked to the Federal Reserve chair's speech this week for cues on the path of monetary policy, while the yen loitered near 146 a dollar, keeping traders guessing on any intervention. The dollar index, which measures the U.S. currency against six rivals, was at 103.55, not far from the two-month high of 103.71 it touched on Tuesday. The index is up 1.6% in August and is on course to snap its two-month losing streak...
Dollar hovers near two-month high, yen near 146/$
Dollar hovers near two-month high, yen near 146/$
Source: Reuters
23/08/2023 9:13:04 AM
Rupee`s recovery to stall on dollar strength before Jackson Hole meeting The Indian rupee is likely to decline on Wednesday, weighed down by the rise in the U.S. dollar ahead of the key meeting of central bankers in Jackson Hole later this week. Non-deliverable forwards indicate the rupee will open at around 82.98-83.02 to the U.S. dollar, compared with its close of 82.9350 in the previous session. It "was always expected to be a challenge" for the rupee to hold above 83, a forex trader at a Mumbai-based bank said. The rupee "will spend mor...
Rupee`s recovery to stall on dollar strength before Jackson Hole meeting
Rupee`s recovery to stall on dollar strength before Jackson Hole meeting
Source: Reuters
23/08/2023 9:05:58 AM
Rupee strengthens against US dollar on Tuesday Indian Rupee strengthened against the US dollar on Tuesday, tracking firm domestic equities and as the American currency retreated from its elevated levels. However, concerns over foreign fund outflows and deteriorating economic situation in China limited further gains. Foreign Institutional Investors were net sellers in the capital markets on Monday as they offloaded shares worth Rs 1,901.10 crore, exchange data showed. Meanwhile, investors are eagerly awaiting US Federal Reserve's Jacks...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
22/08/2023 11:56:31 AM
Dollar hovers near highs as U.S. yields surge; PBOC bolsters yuan The U.S. dollar held close to a 10-week peak versus a basket of major peers, and near its highest since November against the yen, as Treasury yields rose made fresh post-financial crisis highs on Tuesday amid speculation U.S. rates will be stay high for longer. China's central bank bolstered the yuan by setting a much stronger-than-anticipated daily mid-point, and the currency was steady in early trade having come under mounting pressure in recent weeks due to investors' impatience...
Dollar hovers near highs as U.S. yields surge; PBOC bolsters yuan
Dollar hovers near highs as U.S. yields surge; PBOC bolsters yuan
Source: Reuters
22/08/2023 8:51:19 AM