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Rupee to hold above 83.50/USD; awaits cenbank policy, US jobs data The Indian rupee is expected to open broadly unchanged on Friday, holding near to a key level and awaiting the Reserve Bank of India's policy decision and the U.S. non-farm payroll report. Non-deliverable forwards indicate rupee will mostly be flat from 83.4725 in the previous session. "Now with the election excitement out of the way, it should be a quiet session," a spot currency trader at a bank said. There is a "low probability that we inch past 83.50 (on dollar...
Rupee to hold above 83.50/USD; awaits cenbank policy, US jobs data
Rupee to hold above 83.50/USD; awaits cenbank policy, US jobs data
Source: Reuters
2024-06-07 09:00:01 am
Asia shares set for weekly gain on rate-cut rally Asian stocks are set to snap a two-week losing streak on Friday after major central banks kick-started their rate easing cycle this week, adding to expectations the U.S. Federal Reserve could soon follow suit. The European Central Bank (ECB) delivered a well-telegraphed rate cut on Thursday, a day after the Bank of Canada became the first G7 nation to trim its key policy rate. The two join Sweden's Riksbank and the Swiss National Bank in beginning their respective monetary easing cy...
Asia shares set for weekly gain on rate-cut rally
Asia shares set for weekly gain on rate-cut rally
Source: Reuters
2024-06-07 08:49:39 am
Rupee pressed by equity outflows, supported by soft dollar Indian rupee is expected to open largely unchanged on Thursday amid foreign investors taking money out of equities post the election outcome and a broadly weaker dollar. The 1-month non-deliverable forwards indicate rupee will open nearly flat from 83.37 in the previous session. On the back of likely intervention by the central bank, the rupee managed a recovery on Thursday. "They (the Reserve Bank of India) sold quite a big amount yesterday, yet again telling the market that for n...
Rupee pressed by equity outflows, supported by soft dollar
Rupee pressed by equity outflows, supported by soft dollar
Source: Reuters
2024-06-06 09:26:41 am
Asia shares rally on promise of rate relief, factory pick up Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also better news from China as the private Caixin survey showed a pick-up in its main factory index to a two-year top of 51.7 in May, from 51.4 in April. Japan's factory activity expanded for the first time in a year in May, while activity in ...
Asia shares rally on promise of rate relief, factory pick up
Asia shares rally on promise of rate relief, factory pick up
Source: Reuters
2024-06-03 08:52:10 am
Asia shares nudge higher as US, EU inflation data loom Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, wit...
Asia shares nudge higher as US, EU inflation data loom
Asia shares nudge higher as US, EU inflation data loom
Source: Reuters
2024-05-27 08:47:43 am
Asian shares fall on global rate scare, yen plumbs 34-yr low Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on how much Federal Reserve easing might come this year, a result that sent the dollar flying to a 34-year high against the beleaguered yen. U.S. stock futures lost another 0.2% after Wall Street slid around 1% overnight, while regional bonds took a kicking following a 20-basis-point jump in Treasury yields overnight to their highest since November. MSCI's broadest index of Asia-...
Asian shares fall on global rate scare, yen plumbs 34-yr low
Asian shares fall on global rate scare, yen plumbs 34-yr low
Source: Reuters
2024-04-11 08:44:41 am
Yen gains on chance of imminent BOJ pivot; dollar broadly lower The yen scaled a one-month high against the dollar on Thursday, as growing speculation that the Bank of Japan (BOJ) could end negative interest rates as soon as this month and bets of imminent U.S. rate cuts dragged on the U.S. currency. The Japanese currency rallied more than 0.5% to a high of 148.56 per dollar, and likewise made gains against the euro and the Aussie. The euro was last 0.52% lower at 161.98 yen, while the Australian dollar fell 0.44% to 97.64 yen. BOJ board member J...
Yen gains on chance of imminent BOJ pivot; dollar broadly lower
Yen gains on chance of imminent BOJ pivot; dollar broadly lower
Source: Reuters
2024-03-07 08:52:57 am
Nikkei leads Asia higher, packed week for events ahead Asian share markets firmed on Monday as the Nikkei reached another new high and investors braced for a week packed with central bank events and major data that will refine market wagers for when interest rates will start falling. All eyes will be on Federal Reserve Chair Jerome Powell when he testifies before lawmakers on Wednesday and Thursday, though analysts assume he will stay in wait-and-see mode on policy given recent upside surprises on inflation. The February payrolls report on ...
Nikkei leads Asia higher, packed week for events ahead
Nikkei leads Asia higher, packed week for events ahead
Source: Reuters
2024-03-04 09:02:11 am
China stocks bounce loses steam; focus turns to ECB Asian stocks traded cautiously and bonds fell on Thursday while investors waited on more detail of China's stimulus plans and for a European Central Bank meeting later in the session. The dollar bounced from lows after a survey showed U.S. business activity picking up in January. The Canadian dollar fell after the Bank of Canada held rates but dropped language that had said it was prepared for further hikes. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5% ...
China stocks bounce loses steam; focus turns to ECB
China stocks bounce loses steam; focus turns to ECB
Source: Reuters
2024-01-25 09:01:34 am
Dollar hovers near 6-week high on Fed view; yen edges up after BOJ The dollar hovered near a six-week high against major peers on Wednesday as investors cemented expectations that the Federal Reserve would be in no rush to cut interest rates in the face of a resilient U.S. economy. The Japanese yen, though, ticked higher as expectations rose for a stimulus exit as soon as March, following hawkish comments from the Bank of Japan on Tuesday. The U.S. dollar index - which tracks the currency against six rivals, including the euro and yen - was flat at 103...
Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
Source: Reuters
2024-01-24 09:09:57 am
Dollar firms, yen weakens to intervention-wary level The dollar was firm on Thursday, hovering near a one-week high as Treasury yields rose and investor appetite for riskier currencies dimmed, while the yen breached 150 per dollar to keep traders jittery about the prospect of intervention.The Japanese yen touched a fresh one-year low of 150.32 per dollar overnight and was last at 150.26.Japanese finance minister Shunichi Suzuki warned investors against selling the yen again on Thursday, saying authorities were closely watching moves. "I'm watch...
Dollar firms, yen weakens to intervention-wary level
Dollar firms, yen weakens to intervention-wary level
Source: Reuters
2023-10-26 09:04:24 am
Asia shares wary on Middle East as tech earnings loom Asian shares drifted lower on Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.Washington warned over the weekend of a significant risk to U.S. interests in the region as ally Israel pounded Gaza and clashes on its border with Lebanon intensified.The European Central Bank and Bank of Canada also hold policy meetings and, while no hikes are expec...
Asia shares wary on Middle East as tech earnings loom
Asia shares wary on Middle East as tech earnings loom
Source: Reuters
2023-10-23 09:28:52 am