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Oil prices fall on stronger dollar as polls start closing in US election Oil prices fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency. U.S. West Texas Intermediate (WTI) crude lost 27 cents, or 0.4%, to trade at $71.72 per barrel, and Brent crude oil futures lost 0.35 cents, or 0.46%, to trade at $75.18 per barrel at 0132 GMT. Trump won eight states in Tuesday's U.S. presidential election while Harris captured three states and Washington, D.C., ...
Oil prices fall on stronger dollar as polls start closing in US election
Oil prices fall on stronger dollar as polls start closing in US election
Source: Reuters
2024-11-06 08:26:45 am
Stocks, dollar on tenterhooks with all eyes on US Election Day Stock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. Oil held sharp overnight gains on delays to producers' plans for increased output, leaving benchmark Brent crude futures at $75.08 a barrel after a 3% rise on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan was flat. Tokyo's Nikkei returned from a holiday and rose ...
Stocks, dollar on tenterhooks with all eyes on US Election Day
Stocks, dollar on tenterhooks with all eyes on US Election Day
Source: Reuters
2024-11-05 08:51:47 am
Gold ticks higher as safe-haven bids offset firm dollar Gold prices drifted higher on Thursday, as safe-haven demand countered a firmer dollar, while palladium hit a more than one-month peak. Spot gold rose 0.3% to $2,725.51 per ounce by 0143 GMT. Prices hit a record high of $2,758.37 on Wednesday as U.S. election jitters and Middle East tensions boosted demand. U.S. gold futures gained 0.3% to $2,738.50. The U.S. dollar lingered near a three-month high, limiting gold's potential for a further rally. A stronger dollar makes gold more ...
Gold ticks higher as safe-haven bids offset firm dollar
Gold ticks higher as safe-haven bids offset firm dollar
Source: Reuters
2024-10-24 08:56:14 am
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory The U.S. dollar soared to a seven-week high following a strong September jobs report, which revealed a nonfarm payroll increase of 254,000—significantly surpassing expectations. This robust data prompted traders to reassess their views on Federal Reserve rate cuts, eliminating the likelihood of a 50-basis-point reduction. The dollar index reached 102.69, marking its best weekly performance since September 2022, while the euro slipped to $1.09515, and the dollar climbed to 149.02 yen. Ad...
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory
Source: Kedia Advisory
2024-10-05 11:22:00 am
Dollar nudges at two-week highs; yen grabs spotlight The dollar hovered near a two-week high on Tuesday ahead of a slew of economic data, including Friday's U.S. payrolls, that could influence the size of an expected interest rate cut from the Federal Reserve. The yen, meanwhile, broke a four-day losing streak against the dollar after media reports cited the Bank of Japan governor reiterating in a document submitted to a government panel on Tuesday that the central bank would keep raising interest rates if the economy and inflation perfo...
Dollar nudges at two-week highs; yen grabs spotlight
Dollar nudges at two-week highs; yen grabs spotlight
Source: Reuters
2024-09-03 09:05:34 am
Dollar clings to 8-week low ahead of payrolls test The dollar hovered around eight-week lows on Friday ahead of a crucial U.S. jobs report that could give investors a better idea of when the Federal Reserve might start cutting interest rates. The euro held on to overnight gains after the European Central Bank cut rates in a well-telegraphed move, but offered few hints about the outlook for monetary policy given that inflation is still above target. The U.S. dollar index, which tracks the currency against the euro and five other major ri...
Dollar clings to 8-week low ahead of payrolls test
Dollar clings to 8-week low ahead of payrolls test
Source: Reuters
2024-06-07 09:08:03 am
Comment On Record Gold Price Comment by Ghazal Jain, Quantum AMC Below the Quote Record Gold Price Comment by Ghazal Jain, Fund Manager- Alternative Investments, Quantum AMC There's growing consensus that the rate hiking cycle in the US is over given softer labour market data and slowing inflation numbers coming out of the US economy. The Fed is widely expected to leave rates unchanged at 5.25% to 5.50% at its December meeting. Markets are also expecting roughly 125bps of cumulative interest rate cuts by December 2024, with ...
Comment On Record Gold Price Comment by Ghazal Jain, Quantum AMC
Comment On Record Gold Price Comment by Ghazal Jain, Quantum AMC
Source: PR Agency
2023-12-05 04:08:19 pm
Gold pauses declines as investors hold breath for US payrolls report Gold edged up from seven-month lows on Friday, as the U.S. dollar and bond yields took a breather after scaling new highs this week ahead of U.S. non-farm payrolls data.Spot gold rose 0.2% to $1,823.59 per ounce by 0335 GMT, but was on track to extend losses to a second consecutive week, shedding 1.3% so far. U.S. gold futures firmed 0.3% to $1,837.60.Benchmark U.S. 10-year bond yields pulled back from 16-year peak and the U.S. dollar was off November 2022 highs, but remained on track for 12 ...
Gold pauses declines as investors hold breath for US payrolls report
Gold pauses declines as investors hold breath for US payrolls report
Source: Reuters
2023-10-06 09:34:27 am
Rupee to rise slightly ahead of RBI decision, key US labour data The Indian rupee is likely to open slightly higher on Friday, following a further pullback on the dollar index ahead of the U.S. non-farm payrolls report.Traders are also eyeing the Reserve Bank of India's monetary policy decision and commentary.Non-deliverable forwards indicate the rupee will open at around 83.21-83.22 to the U.S. dollar, compared with its previous close of 83.25.The dollar index dropped below 106.50 on Thursday, slipping further away from year-to-date highs. The pullback wa...
Rupee to rise slightly ahead of RBI decision, key US labour data
Rupee to rise slightly ahead of RBI decision, key US labour data
Source: Reuters
2023-10-06 08:56:15 am
Dollar pauses rally as markets brace for US nonfarm payrolls test The dollar dipped on Friday but traders were largely keeping to the sidelines in both the currency and U.S. Treasury markets as they looked to U.S. nonfarm payrolls data later in the day for potential catalysts.Friday's closely-watched jobs report comes on the heels of a run of resilient U.S. economic data which has reinforced the Federal Reserve's hawkish messaging of higher-for-longer rates and sent the greenback and U.S. Treasury yields surging.The dollar index, which earlier in the week h...
Dollar pauses rally as markets brace for US nonfarm payrolls test
Dollar pauses rally as markets brace for US nonfarm payrolls test
Source: Reuters
2023-10-06 08:50:45 am
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday as weak domestic equities, strong American currency overseas and sustained foreign fund outflows weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 1,685.70 crore, exchange data showed. Data showed India?s foreign exchange reserves fell by $2.335 billion to $590.702 billion for the week ended September 22, RBI said. Meanwhile investors are await...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2023-10-03 12:33:00 pm
Gold down for seventh straight session as US Fed stays hawkish Gold continued to sell off on Tuesday, clocking its longest losing streak since Aug. 2022 in the last session as Federal Reserve officials underscored the likelihood of interest rates staying high, with U.S. job openings data due later in the day.Spot gold was down 0.6% to $1,817.00 per ounce as of 0306 GMT, falling for a seventh consecutive session to its lowest since March 9. U.S. gold futures shed 0.7% to $1,833.40.The dollar scaled a fresh 10-month peak, while Treasury yields hit new 16-y...
Gold down for seventh straight session as US Fed stays hawkish
Gold down for seventh straight session as US Fed stays hawkish
Source: Reuters
2023-10-03 09:24:17 am
Dollar hits new high on upbeat data, yen teeters near intervention line The dollar held on to fresh highs on Tuesday, pushing the yen down closer to an intervention zone, after strong U.S. economic data bolstered the view that the Federal Reserve will keep interest rates higher for longer.The euro also traded near a one-year low against the greenback, dropping below January's 1.0482 nadir, as manufacturing surveys released in both Europe and the U.S. on Monday highlighted the divergence between the two economies.The dollar index rose around 0.5% to 107.06, at one...
Dollar hits new high on upbeat data, yen teeters near intervention line
Dollar hits new high on upbeat data, yen teeters near intervention line
Source: Reuters
2023-10-03 09:16:14 am
Rupee likely to open weaker pressured by surging U.S. yields The Indian rupee is likely to open weaker on Tuesday as U.S. treasury yields rose to fresh multi-year highs after the United States averted a partial government shutdown.Non-deliverable forwards indicate the rupee will open at around 83.25 to the U.S. dollar compared with a close of 83.04 in Friday's session.Indian financial markets were closed on Monday for a public holiday.The 10-year U.S. treasury yield rose to 4.70% on Monday, its highest level since October 2007, and was hovering close t...
Rupee likely to open weaker pressured by surging U.S. yields
Rupee likely to open weaker pressured by surging U.S. yields
Source: Reuters
2023-10-03 09:02:16 am