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Currency markets brace for US jobs report amid political turmoilt Major currencies remained jittery on Friday as markets awaited U.S. job data and considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea. The U.S. dollar briefly spiked against South Korea's won after local media reported that the nation's main opposition Democratic Party said lawmakers were on standby after receiving reports of another martial law declaration. The won was last ...
Currency markets brace for US jobs report amid political turmoilt
Currency markets brace for US jobs report amid political turmoilt
Source: Reuters
2024-12-06 09:02:56 am
Dollar edges higher amid rate, political uncertainty  The dollar crept higher on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates at home. The dollar also drew some verbal support from U.S. President-elect Donald Trump who on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs. Political uncertainty in France...
Dollar edges higher amid rate, political uncertainty
Dollar edges higher amid rate, political uncertainty
Source: Reuters
2024-12-02 09:06:28 am
Yen surges to 150 per dollar amid growing BOJ rate hike bets  The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.S. Thanksgiving holiday, with sterling at the highest since Nov. 20. The euro edged back toward Wednesday's one-week high after recovering from a small decline in the previous session to end that day little changed. Ge...
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Source: Reuters
2024-11-29 09:03:25 am
Fixed Income House View - November 2024 by Tata Mutual Fund GLOBAL MARKETS Global Central Banks on rate cut cycle * Federal Open Market Committee (FOMC) in its Feb meeting, reduced the target range of its Fed Funds Target Rate (FFTR) to 5.50% - 4.75% * This was the second rate cut after having raised rates elevated at 5.25% - 5.50% since July 2023 * The European Central Bank and Bank of England also reduced deposit rates to 3.4% and 4.75%. * RBI governor has stated their rate cut decisions are influenced by domestic factors even though ...
Fixed Income House View - November 2024 by Tata Mutual Fund
Fixed Income House View - November 2024 by Tata Mutual Fund
Source: Tata Mutual Fund
2024-11-27 10:45:09 am
Gold hits fresh high in record-setting rally amid global uncertainties Gold rose to a fresh high on Monday, extending its blazing rally amid uncertainties surrounding the U.S. election, simmering Middle East tensions and rate cuts by major central banks, while silver scaled a near 12-year peak. Spot gold was up 0.4% at $2,731.79 per ounce, as of 0331 GMT, after hitting an all-time high of $2,732.73 earlier. U.S. gold futures were 0.6% higher at $2,746.80. Helped by bullion's rally, spot silver rose 1.3% to $34.08 per ounce, its highest since late 2012....
Gold hits fresh high in record-setting rally amid global uncertainties
Gold hits fresh high in record-setting rally amid global uncertainties
Source: Reuters
2024-10-21 09:47:10 am
Most Asian shares track Wall Street higher, oil extends losses  Asian stocks were mostly higher on Tuesday, supported by a strong Wall Street close and investor optimism about corporate earnings, while the dollar held near a two-month top, aided by bets on a smaller U.S. rate cut next month. Oil prices are down about 3% after Israeli Prime Minister Benjamin Netanyahu reportedly told the United States that Israel is willing to strike Iranian military targets and not nuclear or oil ones, easing immediate concerns about supply disruptions. [O/R] ...
Most Asian shares track Wall Street higher, oil extends losses
Most Asian shares track Wall Street higher, oil extends losses
Source: Reuters
2024-10-15 08:57:29 am
Asia shares see pockets of gains, China PMI tops forecasts Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty. The dollar was hanging on to gains made on Friday after upbeat spending figures led markets to tri...
Asia shares see pockets of gains, China PMI tops forecasts
Asia shares see pockets of gains, China PMI tops forecasts
Source: Reuters
2024-09-02 08:43:03 am
Dollar set to snap 5-week losing streak as Fed cut bets pared The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for European Central Bank easing. The yen held near the closely watched 145 per dollar level after weakening on Thursday, as the greenback tracked a rise in U.S. Treasury yiel...
Dollar set to snap 5-week losing streak as Fed cut bets pared
Dollar set to snap 5-week losing streak as Fed cut bets pared
Source: Reuters
2024-08-30 09:05:14 am
World stocks end turbulent month higher as U.S. inflation data looms Global stocks rose on Friday and were set for a fourth straight month of gains despite a bout of heavy selling in early August, boosted by U.S. growth data that helped the dollar snap a weeks-long losing streak and kept bond markets on edge. MSCI's world share index ticked 0.2% higher, heading for a 1.8% monthly gain, as Europe's Stoxx index touched a record intraday high in early dealings and Britain's FTSE 100 rose to a three-month peak. U.S. stock futures also pointed to ...
World stocks end turbulent month higher as U.S. inflation data looms
World stocks end turbulent month higher as U.S. inflation data looms
Source: Reuters
2024-08-30 08:53:35 am
Stocks routed by US recession risk, bonds bet on rapid rate cuts Share markets tumbled and bonds rallied in Asia on Monday as fears the United States could be heading for recession sent investors rushing from risk assets while wagering interest rates will have to fall rapidly to rescue growth. Investors began where they finished on Friday by knocking Nasdaq futures down 2.27%, while S&P 500 futures dropped 1.41%. EUROSTOXX 50 futures fell 0.6% and FTSE futures 0.2%. Japan's Nikkei shed a staggering 5.5% to hit seven-month lows, marking its bi...
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Stocks routed by US recession risk, bonds bet on rapid rate cuts
Source: Reuters
2024-08-05 09:06:45 am
Safe-haven yen, Swiss franc soar as US slowdown fears flare The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears of a downturn, sending stocks and bond yields tumbling. Sterling languished at a one-month low after plunging almost 1% overnight as the Bank of England kicked off its interest-rate cutting cycle in a finely balanced decision. The euro also sagged near a one-month trough following dovish comments from the European Central Bank....
Safe-haven yen, Swiss franc soar as US slowdown fears flare
Safe-haven yen, Swiss franc soar as US slowdown fears flare
Source: Reuters
2024-08-02 08:46:49 am
Asia stocks fall on tech rout contagion, global uncertainty Asian shares are set to end the week on a sour note, as uncertainty across the geopolitical landscape and in major economies added to headwinds for investors even as the global rate easing cycle gets under way. It has been a turbulent week in markets, with a tech sell-off sparked by deepening Sino-U.S. trade tensions, uncertainty over U.S. President Joe Biden's fate in the presidential race, disappointing Chinese economic data and a lacklustre third plenum outcome casting a shadow over...
Asia stocks fall on tech rout contagion, global uncertainty
Asia stocks fall on tech rout contagion, global uncertainty
Source: Reuters
2024-07-19 08:46:44 am
Dollar on the defensive amid lower yields, yen hovers near 38-year trough The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing a strong domestic jobs report. The euro held firm, helped by a stubbornly high local inflation reading on Tuesday. Sterling was steady ahead of Thursday's U.K. election. However, the yen continued to languish close to a 38-year low versus the dollar, amid the increased possibility of a second Donald Trump presidency, which could ...
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
Source: Reuters
2024-07-03 08:40:24 am
Euro slips to one-month low as Macron calls French election The euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week. The euro fell to $1.0764, its lowest since May 9, in early trading in Asia. It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. Eu...
Euro slips to one-month low as Macron calls French election
Euro slips to one-month low as Macron calls French election
Source: Reuters
2024-06-10 09:35:10 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
Oil steadies on OPEC+ reassurances, still set for third weekly loss Oil steadied on Friday as OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse oil output increases, but crude was still headed for its third straight weekly loss on demand concerns. Crude fell this week on OPEC+'s Sunday decision to phase out some oil output cuts from October and as rising U.S. inventories spurred concern about demand and despite a rally on Thursday helped by the Saudi and Russian comments. Brent crude futures were down 11 cents, or 0.1%, t...
Oil steadies on OPEC+ reassurances, still set for third weekly loss
Oil steadies on OPEC+ reassurances, still set for third weekly loss
Source: Reuters
2024-06-07 09:03:48 am
Gold rises as soft US economic data spurs Fed rate cut bets Gold prices rose on Monday as weaker-than-expected U.S. economic data cemented expectations that the Federal Reserve would cut interest rates later this year, sending the dollar and bond yields lower. Spot gold was up 0.9% at $2,347.12 per ounce as of 2:38 p.m. ET (1838 GMT), after posting a 2% gain last month. Prices hit an all-time high of $2,449.89 on May 20. U.S. gold futures settled 1% higher at $2,369.3 per ounce. "We've had a bit of a pullback, we'd prefer to call...
Gold rises as soft US economic data spurs Fed rate cut bets
Gold rises as soft US economic data spurs Fed rate cut bets
Source: Reuters
2024-06-04 09:12:34 am
Asia stocks gain, dollar drifts as inflation tests await Asian stocks rose on Friday and were poised for the fourth month of gains, while the dollar drifted lower, keeping the yen steady as investors await inflation readings from Europe and the U.S. that will likely dictate the path of interest rates globally. A downward revision to consumer spending meant the U.S. economy grew more slowly than expected in the first quarter, data showed on Thursday, weighing on Treasury yields and the dollar. [FRX/] [US/] The economic data also stoked expecta...
Asia stocks gain, dollar drifts as inflation tests await
Asia stocks gain, dollar drifts as inflation tests await
Source: Reuters
2024-05-31 08:48:56 am
Dollar ebbs as markets await key global inflation reports The dollar waned on Tuesday following a slight pick up in risk appetite, but it held tight ranges against its peers ahead of key inflation data from major economies this week that markets are looking to for guidance on the global interest rate outlook. Currency moves were largely subdued in early Asia hours after a quiet overnight session due to holidays in Britain and the United States, but the overall mood was positive with world shares firming. The euro was a touch firmer at $1.0860 ...
Dollar ebbs as markets await key global inflation reports
Dollar ebbs as markets await key global inflation reports
Source: Reuters
2024-05-28 09:04:53 am
Asia shares drift after rally, Wall Street reopen in focus Asian shares held a mixed tone on Tuesday after rallying the previous session, as rising bets of an imminent European rate cut helped risk appetite ahead of some key inflation data. A slew of European Central Bank officials said overnight the ECB has room to cut interest rates as inflation slows, underscoring expectations for a rate cut on June 6. With debate now shifting to subsequent moves, markets have fully priced in two rates cuts by October this year. That helped Wall Street stock...
Asia shares drift after rally, Wall Street reopen in focus
Asia shares drift after rally, Wall Street reopen in focus
Source: Reuters
2024-05-28 08:49:04 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
Dollar set for weekly gain as rate cut bets ebb The dollar headed for its largest weekly rise in a month and a half on Friday, helped by surprisingly strong U.S. economic indicators and a hawkish tone in Federal Reserve minutes. The Australian dollar is down 1.3% to $0.6605 through the week so far and the New Zealand dollar is about 0.6% weaker at $0.6098. The euro traded at $1.0814 in the Asia morning, down 0.5% for the week. Overnight May figures showed U.S. business activity accelerated to the highest level in just over two years ...
Dollar set for weekly gain as rate cut bets ebb
Dollar set for weekly gain as rate cut bets ebb
Source: Reuters
2024-05-24 09:11:31 am
Oil slips for third session on likely 'higher for longer' US rates Oil prices fell for a third straight session on Wednesday on expectations the Federal Reserve could keep U.S. interest rates higher for longer due to sustained inflation, potentially impacting fuel use in the world's largest oil consumer. Brent crude futures were down 43 cents, or 0.5%, to $82.45 a barrel. U.S. West Texas Intermediate crude (WTI) futures slipped 50 cents, or 0.6%, to $78.16. Oil prices settled about 1% lower on Tuesday. Fed policymakers said on Tuesday the U.S. cent...
Oil slips for third session on likely 'higher for longer' US rates
Oil slips for third session on likely 'higher for longer' US rates
Source: Reuters
2024-05-22 09:05:33 am
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook The dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from Federal Reserve officials and awaited the publication of Fed minutes for more insight on the central bank's path. The kiwi stood out against the calm, leaping after the Reserve Bank of New Zealand's monetary policy decision. While RBNZ left its benchmark cash rate at 5.5% as widely expected, the central bank said that there was some concern the inflation rate had fallen ...
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
Source: Reuters
2024-05-22 08:57:16 am
Asia stocks brace for US inflation test, China data Asian share markets made a cautious start on Monday in a week where inflation figures could make or break hopes for earlier U.S. rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. Beijing has already reported a welcome pickup in inflation to an annual 0.3% in April, helping to soothe worries about a slide into prolonged deflation. Forecasts favour further gains in April retail sales and industrial output due on Friday. ...
Asia stocks brace for US inflation test, China data
Asia stocks brace for US inflation test, China data
Source: Reuters
2024-05-13 08:54:54 am
Yen clings to sharp gains after suspected intervention, Fed in focus The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that traders said were sparked by suspected intervention by Japanese authorities. The Japanese currency was trading a touch lower 0.16% at 156.56 per dollar, but was well off its 34-year low of 160.245 hit on Monday when traders say yen-buying intervention by Tokyo drove a sizeable rebound of nearly six yen. Japanese authorities haven't confirmed that they had stepped into the curr...
Yen clings to sharp gains after suspected intervention, Fed in focus
Yen clings to sharp gains after suspected intervention, Fed in focus
Source: Reuters
2024-04-30 09:02:37 am
Firm dollar drags yen down closer to intervention range A firm U.S. dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week. The yen remained pinned after hitting 154.85 yen on Monday, its lowest level since the mid-1990s, as the stark U.S.-Japan rate differentials came into focus again amid an easing in Iran-Israel tensions. It last hovered around 154.76 per dollar. Traders have been...
Firm dollar drags yen down closer to intervention range
Firm dollar drags yen down closer to intervention range
Source: Reuters
2024-04-23 08:49:49 am
Currencies calm but cautious after a weary week The euro and yen were relatively steady in early Asian trading on Monday and the U.S. dollar stayed near its highs after last week's hectic policy and geopolitical developments. Eyes are on the yen this week, with the Bank of Japan's (BOJ) Friday policy review the notable item on the economic calendar. The yen hit 154.70 per dollar, not far from last week's 34-year low of 154.79 and close enough to the 155-level that is next on traders' alerts for possible intervention b...
Currencies calm but cautious after a weary week
Currencies calm but cautious after a weary week
Source: Reuters
2024-04-22 08:48:47 am
Dollar firms after hot retail sales, yen languishes; China data awaited The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales. Market focus was also on the Chinese yuan, with a slew of top-tier economic data due out of China later in the Asian morning expected to show the world's second-largest economy slowed in the first quarter. In the U.S., retail sales rose 0.7% last ...
Dollar firms after hot retail sales, yen languishes; China data awaited
Dollar firms after hot retail sales, yen languishes; China data awaited
Source: Reuters
2024-04-16 08:55:01 am
Liquidity from global equity markets fuelling fresh investment in gold There is an emerging view that the rally in gold is being fuelled by the surge in equities. “Record-high gold prices have accompanied record-high equity valuations. The wealth and liquidity effect of higher equities may allow for the purchase of more gold, than would otherwise be the case,” global bank HSBC said in a note. Much of the buying in gold appears to be fresh investment from outside the usual market participants, motivated perhaps by liquidity from the equity marke...
Liquidity from global equity markets fuelling fresh investment in gold
Liquidity from global equity markets fuelling fresh investment in gold
Source: IANS
2024-04-14 02:07:07 pm
Yen crumbles under towering dollar and US Treasury yields The yen struggled to break away from a 34-year low on Friday and was headed for a weekly decline, while the dollar hovered near a five-month high alongside U.S. Treasury yields as traders heavily scaled back bets for a slew of U.S. rate cuts this year. The euro was eyeing its sharpest weekly fall in about four months, pressured in part by a resurgent greenback and expectations that the European Central Bank (ECB) could begin easing rates in June, likely ahead of the Federal Reserve. The...
Yen crumbles under towering dollar and US Treasury yields
Yen crumbles under towering dollar and US Treasury yields
Source: Reuters
2024-04-12 09:21:39 am
Oil prices head back up on Middle East jitters Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT. The gains erased some losses from the previous session, which was dominate...
Oil prices head back up on Middle East jitters
Oil prices head back up on Middle East jitters
Source: Reuters
2024-04-12 09:17:10 am
Gold prices hit record highs on safe-haven demand Gold prices scaled to a record high on Friday as geopolitical tensions continued to boost demand for the safe-haven metal, while strong economic data failed to dampen bullion's allure. FUNDAMENTALS * Spot gold was up 0.6% at $2,386.38 per ounce, as of 0111 GMT. Bullion hit a record high of 2,389.29 earlier in the session. * U.S. gold futures gained 1.3% to $2,403.90 per ounce. * The ranks of Federal Reserve officials saying there is no rush to cut interest rates continue to gr...
Gold prices hit record highs on safe-haven demand
Gold prices hit record highs on safe-haven demand
Source: Reuters
2024-04-12 08:51:19 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
Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers Asian shares started the week on a subdued note on Monday, while the dollar firmed as investors weighed when the U.S. Federal Reserve will start cutting rates in the wake of yet another blowout jobs report. Oil prices fell nearly 2% as Middle East tensions eased after Israel withdrew more soldiers from southern Gaza, while gold prices slumped 1% after scaling record high on Friday as U.S. Treasury yields remain elevated. MSCI's broadest index of Asia-Pacific shares outside Japan was...
Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers
Asia stocks hesitant, dollar firms as US payrolls dent Fed rate cut wagers
Source: Reuters
2024-04-08 09:14:33 am
Asia stocks shaky ahead of Fed, yen hits 4-month low Asian shares were hesitant on Wednesday on concerns the Federal Reserve could signal a slower path of rate cuts this year, while the yen plumbed a fresh four-month low on expectations that policy in Japan will remain accommodative for a while longer. Tokyo's Nikkei is closed for a holiday in Japan, but the yen's weakness lifted Nikkei futures by 0.6%, a day after the Bank of Japan ended years of negative interest rates in a well-telegraphed move. MSCI's broadest index of Asi...
Asia stocks shaky ahead of Fed, yen hits 4-month low
Asia stocks shaky ahead of Fed, yen hits 4-month low
Source: Reuters
2024-03-20 08:58:00 am
Dollar eases as market shrugs off inflation revision data The dollar eased on Friday as it headed for a fourth week of gains while traders reduced their bets on how quickly the Bank of Japan might raise interest rates and how soon the Federal Reserve will cut them. Traders shrugged off revised U.S. monthly consumer prices that rose less than initially estimated in December. While underlying inflation remained a bit warm, the mixed picture did not alter the market's outlook on the timing of Fed rate cuts. The annual revisions published by t...
Dollar eases as market shrugs off inflation revision data
Dollar eases as market shrugs off inflation revision data
Source: Reuters
2024-02-10 08:42:48 am
Oil prices steady as economic outlook balances tight supply Oil prices held steady on Tuesday, as investors weighed demand concerns stemming from an uncertain economic outlook against expectations of tighter supply for the rest of this year.Brent crude futures were lower by 7 cents, or 0.08%, at $93.22 a barrel at 1354 GMT, while U.S. West Texas Intermediate crude futures were trading 5 cents higher, or 0.06%, at $89.73.The world's top central banks, the U.S. Federal Reserve and the European Central Bank, have over recent days reiterated their commitm...
Oil prices steady as economic outlook balances tight supply
Oil prices steady as economic outlook balances tight supply
Source: Reuters
2023-09-26 07:51:04 pm
Oil prices dip as high interest rate outlook outweighs tight supply Oil prices slipped in early trade on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight.Brent crude futures were down 11 cents at $93.18 a barrel at 0055 GMT and U.S. West Texas Intermediate crude futures were trading 1 cent lower at $89.67.The world's top economic policy makers, the U.S. Federal Reserve and the European Central Bank, have over the recent days reiterated their commitment...
Oil prices dip as high interest rate outlook outweighs tight supply
Oil prices dip as high interest rate outlook outweighs tight supply
Source: Reuters
2023-09-26 09:11:06 am
Japan`s yen in spotlight ahead of `live` BOJ meeting The U.S. dollar and most major currencies were flatlining in early trades on Monday, barring a blip in sterling, as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets.The Bank of Japan's policy meeting on Friday is the highlight of the week in Asia, after Governor Kazuo Ueda stoked speculation of an imminent move away from ultra-loose policy. In a week packed with central bank meetings, decisions are also due from the U.S. Federal Reserve on Wednesd...
Japan`s yen in spotlight ahead of `live` BOJ meeting
Japan`s yen in spotlight ahead of `live` BOJ meeting
Source: Reuters
2023-09-18 09:08:24am
11-day gains spree of Sensex longest streak since Oct 2007 Sensex rose for the 11th straight day, its longest streak of gains since October 2007, said Deepak Jasani, Head of Retail Research at HDFC Securities.While Sensex climbed 320 points to close at 67,838, Nifty also scaled fresh life highs on Friday, rising for the third consecutive session to close at 20,192, up 89.3 points.?Volumes on the NSE continued to be on the lower side. The broad market indices rose less than the Nifty even as the advance decline ratio fell but remained above par at 1.2...
11-day gains spree of Sensex longest streak since Oct 2007
11-day gains spree of Sensex longest streak since Oct 2007
Source: IANS
2023-09-15 05:20:57pm
ECB raises interest rates to highest level since launch of euro in 1999 The European Central Bank (ECB) has raised interest rates to the highest level since the launch of the euro to tackle stubbornly high inflation, despite fears over a slowdown across the single currency bloc, according to a media report.It marks the 10th consecutive rate rise for the bank, as the ECB warned inflation remained too high even as the impact of previous increases and a weakening outlook for global trade weigh on the eurozone economy, The Guardian reported. The latest increase ...
ECB raises interest rates to highest level since launch of euro in 1999
ECB raises interest rates to highest level since launch of euro in 1999
Source: IANS
2023-09-15 10:06:15am
Gold rises after China data boosts yuan against dollar Gold prices gained on Friday as the dollar eased against the yuan after promising China economic data boosted recovery hopes in the world's top bullion consumer, although the possibility of further U.S. interest rate hikes kept investors on edge.Spot gold was up 0.3% at $1,915.09 per ounce by 0320 GMT. Bullion was still on track for a small weekly decline after dropping to near $1,900 level, its lowest since Aug. 23, on Thursday. U.S. gold futures were up 0.2% to $1,936.70.The yuan hit two-we...
Gold rises after China data boosts yuan against dollar
Gold rises after China data boosts yuan against dollar
Source: Reuters
2023-09-15 09:32:17am
Surging oil prices, dollar to test RBI resolve on rupee The Indian rupee is likely to open weaker on Friday after oil prices and the dollar index climbed to multi-month highs, possibly leading the central bank to intervene.Non-deliverable forwards (NDFs) indicate rupee will open at around 83.06-83.08 to the U.S. dollar compared with the close of 83.03 in the previous session."Considering oil and dollar, we definitely would have been much higher (on USD/INR) if the central bank was not a factor," a forex trader at a bank said,"The central bank's re...
Surging oil prices, dollar to test RBI resolve on rupee
Surging oil prices, dollar to test RBI resolve on rupee
Source: Reuters
2023-09-15 09:07:52am
Dollar holds steady, yuan rises on better-than-expected China data The dollar held steady in Asia on Friday, edging off slightly from overnight gains against peers, as the yuan strengthened in the wake of some market-beating economic data out of China.The dollar jumped overnight after U.S. retail sales received a boost from higher gasoline prices, increasing 0.6% in August versus an estimated 0.2% rise, while market participants reacted to the European Central Bank's 25-basis point hike.The U.S. dollar index last stood somewhat lower at 105.32, but still nea...
Dollar holds steady, yuan rises on better-than-expected China data
Dollar holds steady, yuan rises on better-than-expected China data
Source: Reuters
2023-09-15 09:04:20am
Asia stocks rally as China data buoys mood; dollar stays strong Asian stocks rose strongly on Friday, extending a global equity rally, after better-than-expected Chinese economic data added to the good vibes from expectations that tightening campaigns by the world's biggest central banks were close to over.The dollar stuck close to a six-month peak from overnight against major peers, buoyed by robust U.S. economic data, while the euro sagged following the European Central Bank's signal that Thursday's rate hike was probably the last this cycle.Crude oil h...
Asia stocks rally as China data buoys mood; dollar stays strong
Asia stocks rally as China data buoys mood; dollar stays strong
Source: Reuters
2023-09-15 08:46:10am
Gold firms as US data boosts bets for Fed pause next week Gold prices crawled higher on Thursday from nearly three-week lows touched in the previous session as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week.Spot gold added 0.2% to $1,909.21 per ounce by 0318 GMT, having hit its lowest level since Aug. 25 on Wednesday at $1,905.10. U.S. gold futures were down 0.1% at $1,930.80.The U.S. dollar index and 10-year Treasury yields eased after a mixed report from the Labor ...
Gold firms as US data boosts bets for Fed pause next week
Gold firms as US data boosts bets for Fed pause next week
Source: reuters
2023-09-14 10:54:42am
India rupee to not react much to above expectations US inflation The U.S. dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank's rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week.The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S. currency.Australia's dollar popped to a one-week high after strong employment figures, but then quickly retrace...
India rupee to not react much to above expectations US inflation
India rupee to not react much to above expectations US inflation
Source: reuters
2023-09-14 09:13:26am