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Asian shares pinned near three-month lows, dollar towers at 2-yr peak Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge - the U.S. Core Personal Consumption Expenditures - is due later in the day. Forecasts are centred on a monthly rise of 0.2% for November, and any upward surprises there could lead markets to further scale back bets for U.S. policy easing next yea...
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Source: Reuters
2024-12-20 08:54:40 am
Monetary Policy Shifts Amid Crude Oil Price Volatility in 2025 by Amit Gupta, Kedia Advisory As crude oil markets continue to be shaped by global supply surpluses, demand uncertainties, and geopolitical tensions, central banks are adjusting their monetary policies to navigate these evolving dynamics. The projected decline in crude oil prices for 2025, coupled with potential disruptions, presents both challenges and opportunities for policymakers worldwide. These developments are expected to influence inflation rates, currency stability, and broader economic growth, prompting central ...
Monetary Policy Shifts Amid Crude Oil Price Volatility in 2025 by Amit Gupta, Kedia Advisory
Monetary Policy Shifts Amid Crude Oil Price Volatility in 2025 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-16 12:12:41 pm
Gold set for weekly gain with focus on Fed`s policy decision Gold prices edged higher on Friday and were set for a weekly gain, driven by reports of top consumer China resuming gold purchases, and heightened expectations of an interest rate reduction by the Federal Reserve at its Dec. 17-18 meeting. Spot gold was up 0.3% at $2,688.29 per ounce, as of 0320 GMT. Bullion is headed for a weekly gain and has added more than 2% so far this week. U.S. gold futures were steady at $2,711.30. Traders' attention is now on the Fed's decision on in...
Gold set for weekly gain with focus on Fed`s policy decision
Gold set for weekly gain with focus on Fed`s policy decision
Source: Reuters
2024-12-13 10:25:43 am
Dollar set for best week in a month on cut-then-wait Fed outlook The dollar rose to a 2 1/2-week high against major peers on Friday, on track for its best week in a month, amid bets that the Federal Reserve would cut interest rates next week but then take a patient approach to further reductions. The U.S. currency was also supported against the euro and Swiss franc following rate cuts at those central banks a day earlier, and versus the yen amid speculation the Bank of Japan will forgo a rate hike at its meeting next week. The dollar index, which mea...
Dollar set for best week in a month on cut-then-wait Fed outlook
Dollar set for best week in a month on cut-then-wait Fed outlook
Source: Reuters
2024-12-13 09:00:44 am
Asian shares fall, long-dated Treasuries set for worst week in a year Asia shares fell on Friday as a strong dollar kept risk sentiment fragile, while longer-dated Treasury yields are heading for their biggest weekly rise this year as expectations for deep U.S. rate cuts in 2025 recede. A top level meeting in Beijing pledged to increase debt and boost consumption but failed to boost Chinese equity markets. Policymakers are girding for more trade tensions with the U.S. as Donald Trump's return to power approaches. It has been a week of rate cuts from S...
Asian shares fall, long-dated Treasuries set for worst week in a year
Asian shares fall, long-dated Treasuries set for worst week in a year
Source: Reuters
2024-12-13 08:54:33 am
Gold eases on profit taking after scaling more than one-month peak Gold slipped on Thursday as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week. Spot gold shed 0.5% to $2,704.41 per ounce, as of 0257 GMT. It hit the highest since Nov. 6 earlier in the session. U.S. gold futures fell 0.5% to $2,744.60. "It's just profit booking because we've seen a good rally in gold due to various factors this week, including geopoliti...
Gold eases on profit taking after scaling more than one-month peak
Gold eases on profit taking after scaling more than one-month peak
Source: Reuters
2024-12-12 09:50:23 am
Dollar holds steady despite rate cut bets; Aussie rises after jobs data The U.S. dollar traded in a narrow range on Thursday after hitting a two-week high in the previous session, supported by a rise in U.S. Treasury yields even as market players bet the U.S. Federal Reserve will cut interest rates next week. The Aussie dollar surged after Australian employment beat forecasts, while the euro held steady ahead of the European Central Bank's (ECB) monetary policy decision later in the day. The greenback held on to a hefty portion of the previous day's...
Dollar holds steady despite rate cut bets; Aussie rises after jobs data
Dollar holds steady despite rate cut bets; Aussie rises after jobs data
Source: Reuters
2024-12-12 09:00:28 am
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low The dollar traded close to a two-week high versus the yen on Wednesday ahead of a highly anticipated reading of U.S. inflation that could provide clues on the pace of Federal Reserve interest rate cuts. The Australian dollar sagged near a four-month low after a dovish tilt to the central bank's policy outlook a day earlier. That also weighed on New Zealand's kiwi, which languished near a one-year trough. Investors will also watch headlines from China's closed-door Central Ec...
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
Dollar holds ground ahead of CPI, Aussie wallows near 4-month low
Source: Reuters
2024-12-11 09:07:23 am
Stocks settle in for nervous wait on US CPI Asian stock markets and the dollar took a breather on Wednesday ahead of an anticipated rate cut in Canada and a U.S. inflation reading expected to leave the Fed on course to cut rates again. Investors were a touch cautious because, with an 85% chance of a U.S. rate cut next week priced in and with Wall Street indexes around record highs, there is room for disappointment. The S&P 500 had dipped 0.3% overnight though it was just 65 points, or a little short of 1% shy of its all-time ...
Stocks settle in for nervous wait on US CPI
Stocks settle in for nervous wait on US CPI
Source: Reuters
2024-12-11 08:58:35 am
Gold extends gain on China`s vow for policy stimulus Gold prices extended gains on Tuesday, buoyed by top consumer China's pledge to ramp up policy stimulus to help spur economic growth, with investors awaiting U.S. inflation data for further insights into the Federal Reserve's interest rate outlook. Spot gold had gained 0.4% to $2,669.84 per ounce, as of 0248 GMT. U.S. gold futures rose 0.3% at $2,692.50. Gold hit a two-week high on Monday, supported by China's central bank resuming purchases after a six-month hiatus. The ...
Gold extends gain on China`s vow for policy stimulus
Gold extends gain on China`s vow for policy stimulus
Source: Reuters
2024-12-10 09:08:50 am
Dollar edges higher before CPI; Aussie steady as RBA decision looms The U.S. dollar edged to the highest level this month against the yen on Tuesday as traders looked ahead to a reading of U.S. inflation due the following day for further clues on the path of Federal Reserve policy. The Australian dollar held its ground heading into a central bank interest rate decision later in the day, after the currency rebounded on Monday from a four-month low. The U.S. dollar added 0.16% to 151.45 yen as of 0121 GMT, and earlier touched 151.55 for the first time sin...
Dollar edges higher before CPI; Aussie steady as RBA decision looms
Dollar edges higher before CPI; Aussie steady as RBA decision looms
Source: Reuters
2024-12-10 09:03:13 am
Loonie, Aussie in focus while US dollar extends gains The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies lost a bit more ground to a strong U.S. dollar. With a quarter-point rate cut by the Federal Reserve next week a near certainty as per market pricing, analysts say the dollar is looking tired after its long run-up in the four weeks since Donald Trump won the presidential election. Morgan Stanley analysts even recommend being short U....
Loonie, Aussie in focus while US dollar extends gains
Loonie, Aussie in focus while US dollar extends gains
Source: Reuters
2024-12-09 11:35:34 am
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report The conditions are projected to turn favourable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report.  Inflation is expected to ease towards the end of this fiscal, given healthy agricultural output. When the rabi, or winter, crop reaches the market, vegetable prices tend to correct sharply. “Easing food inflation, coupled with benign non-food inf...
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
Source: IANS
2024-12-07 06:06:45 pm
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000 The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while bitcoin galloped past $100,000 for the first time. The world's best known cryptocurrency has been on a tear since November on expectations that Donald Trump's U.S. election win will usher in a friendly regulatory environment for cryptocurrencies. It rose to as high as $101,626 in Asian hours and was last up 3% a...
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Source: Reuters
2024-12-05 09:31:52 am
Asia stocks rise after Wall Street records; dollar rebounds Asian stocks climbed on Monday, buoyed by record high closes on Wall Street, while the dollar bounced back from multiweek lows against the yen and British pound in a crucial week for the U.S. interest rate outlook. Chinese shares got an additional boost from a robust reading in a private manufacturing survey on Monday, confirming strength in the official data on manufacturing from the weekend. Incoming U.S. President Donald Trump provided the dollar support by warning the BRICS emerging...
Asia stocks rise after Wall Street records; dollar rebounds
Asia stocks rise after Wall Street records; dollar rebounds
Source: Reuters
2024-12-02 09:10:46 am
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. Overnight, trading in U.S. equities and Treasuries was closed due to the Thanksgiving holiday, leaving little lead for Asia. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3% and was down 0.5% for the week. Japan's Nikkei dropped 0.7% as the yen surged after Tokyo's infla...
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Source: Reuters
2024-11-29 09:01:01 am
German inflation rises to 2.2 pc in November German inflation is expected to rise to 2.2 per cent year-on-year in November, up 0.2 percentage points from the previous month, the Federal Statistical Office (Destatis) said.  After hitting a three-year low of 1.6 per cent in September, the inflation rate in Europe's largest economy has been on a rising trend, but still stays close to the 2-per cent target set by the European Central Bank (EBC) in November, Xinhua news agency reported. According to the preliminary date of Des...
German inflation rises to 2.2 pc in November
German inflation rises to 2.2 pc in November
Source: IANS
2024-11-29 08:38:56 am
Euro jump, rising yen put brakes on the dollar The euro clung to its sharpest rise in four months on Thursday following hawkish remarks from a central bank policymaker, while the yen powered toward its strongest week in three months on growing bets Japan could hike interest rates in December. The moves stalled the dollar's resurgence ahead of what is likely to be thin trade through the rest of the week due to the U.S. Thanksgiving holiday. European Central Bank board member Isabel Schnabel told Bloomberg overnight that rate cuts...
Euro jump, rising yen put brakes on the dollar
Euro jump, rising yen put brakes on the dollar
Source: Reuters
2024-11-28 08:56:44 am
Rupee eyes breathing room as dollar softens, US bond yields dip The Indian rupee is expected to open flat to slightly higher on Thursday, supported by a pullback in the U.S. dollar index due to a dip in U.S. bond yields. The 1-month non-deliverable forward indicated that the rupee will open at 84.43-84.44 to the dollar, compared with its close of 84.4525 in the previous session. The rupee is expected to see mostly rangebound trading, pressured by portfolio outflows on the one side and stern central bank defence of the currency on the other, traders ...
Rupee eyes breathing room as dollar softens, US bond yields dip
Rupee eyes breathing room as dollar softens, US bond yields dip
Source: Reuters
2024-11-28 08:38:56 am
Dollar firms against yen as BOJ leaves open timing of hikes The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would continue to rise gradually should the economy develop in line with the central bank's outlook. However, he made no mention of whether a hike would come in December, saying the BOJ would ne...
Dollar firms against yen as BOJ leaves open timing of hikes
Dollar firms against yen as BOJ leaves open timing of hikes
Source: Reuters
2024-11-18 09:10:02 am
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints  Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook. Bank of Japan Governor Kazuo Ueda reiterated on Monday the central bank will keep raising interest rates if economic and price developments move in line with its forecasts, but made no mention of whether a hike could come in December. His speech had been cl...
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints
Source: Reuters
2024-11-18 08:58:30 am
Dollar set for big weekly gain as Powell sends yields up, China data mixed The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving equities in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data showing retail sales in the world's second-biggest economy beat forecasts in October in a welcome sign for consumer spending, although other indicators missed. Overnight, Fed Chair Jerome Powell s...
Dollar set for big weekly gain as Powell sends yields up, China data mixed
Dollar set for big weekly gain as Powell sends yields up, China data mixed
Source: Reuters
2024-11-15 09:23:59 am
Yen under pressure as BOJ keeps rates steady The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.  The yen has fallen more than 6% in October and is on track for what would be its biggest monthly loss against the greenback sinc...
Yen under pressure as BOJ keeps rates steady
Yen under pressure as BOJ keeps rates steady
Source: Reuters
2024-10-31 09:07:57 am
RBI to cut rates in December to 6.25%, say narrow majority of economists India's central bank will cut its key policy rate in December by a quarter point to 6.25% to bolster slowing economic growth, according to a slim majority of economists in a Reuters poll who also expect inflation to moderate in the near-term. Inflation unexpectedly spiked to 5.49% in September, but was forecast to cool to an average 4.9% this quarter and drop to 4.6% in January-March, giving the Reserve Bank of India (RBI) room to ease policy. The central bank has held interest rate...
RBI to cut rates in December to 6.25%, say narrow majority of economists
RBI to cut rates in December to 6.25%, say narrow majority of economists
Source: Reuters
2024-10-30 09:08:26 am
US dollar rally pauses before jobs data, Aussie droops on RBA outlook The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. Mixed U.S. indicators overnight, showing a loosening U.S. jobs market but a confident consumer, provided little clarity on the outlook for Federal Reserve easing, allow...
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
Source: Reuters
2024-10-30 08:54:12 am
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory The euro rose to $1.08 from a near four-month low as data suggested the European Central Bank (ECB) may cut rates by only 25 bps in December instead of 50. The HCOB Eurozone Services PMI eased to 51.2 in October, indicating a continued contraction in private sector activity, with new orders falling for the second month. In contrast, the HCOB Manufacturing PMI rose to 45.9, suggesting a slight slowdown in decline. Consumer confidence in the Euro Area increased to -12.5, the highest since Febru...
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory
Eurozone Economic Indicators Reflect Slowdown and Interest Rate Prospects By Amit Gupta ,Kedia Advisory
Source: Kedia Advisory
2024-10-25 12:52:18 pm
Bitcoin at 3-month high as Trump odds drive currencies Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Election polls show rising odds of former President Donald Trump winning the Nov. 5 election and are boosting the dollar, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high and undermine currencies of trading partners. Currency moves in major markets...
Bitcoin at 3-month high as Trump odds drive currencies
Bitcoin at 3-month high as Trump odds drive currencies
Source: Reuters
2024-10-21 08:44:37 am
Interest rate cut at this stage would be `premature,` India cenbank chief says The head of India's central bank said on Friday that it would be "very premature" and risky to lower interest rates at this stage. While inflation is expected to moderate going forward, the central bank would only think of rate cuts when it has confidence that inflation is durably aligned to its medium-term target, Governor Shaktikanta Das said at an event in Mumbai. The central bank is not "behind the curve" in terms of monetary policy and would base its decisio...
Interest rate cut at this stage would be `premature,` India cenbank chief says
Interest rate cut at this stage would be `premature,` India cenbank chief says
Source: Reuters
2024-10-19 09:29:22 am
China GDP gets little cheer, dollar rides `Trump trade` toward third weekly rise The Australian dollar and Chinese yuan ticked higher on Friday after China's closely watched third-quarter growth figures came in slightly better than forecasts, but kept the pressure on policymakers to roll out more stimulus quickly. Elsewhere, the dollar was headed for its third weekly gain in a row, helped by a dovish European Central Bank and strong U.S. data that is pushing out expectations for how fast U.S. rates can fall, particularly if Donald Trump wins the presidency. Chin...
China GDP gets little cheer, dollar rides `Trump trade` toward third weekly rise
China GDP gets little cheer, dollar rides `Trump trade` toward third weekly rise
Source: Reuters
2024-10-18 08:48:29 am
Safe-haven gold breaks $2,700/oz level as uncertainty looms Gold breached the $2,700-per-ounce level on Friday for the first time ever, as U.S. election jitters and simmering Middle East tensions boosted safe-haven demand, while a looser monetary policy environment also added fuel to the rally. Spot gold firmed 0.5% to $2,706.76 per ounce by 0220 GMT, adding nearly 2% so far in the week. U.S. gold futures rose 0.5% to $2,722.00. "Gold has scoffed at a surging dollar and rallies at every chance it gets. It's just a bull market that shows...
Safe-haven gold breaks $2,700/oz level as uncertainty looms
Safe-haven gold breaks $2,700/oz level as uncertainty looms
Source: Reuters
2024-10-18 08:45:10 am
Oil inches up after surprise drop in US crude stockpiles Oil prices rose in early Asian trade on Thursday, paring sharp losses over the past two sessions, after industry data showed an unexpected drop in U.S. crude stockpiles last week. Brent crude futures rose 45 cents, or 0.6%, to $74.67 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude futures were at $70.84 a barrel, up 45 cents, or 0.6%. Both crude benchmarks settled down on Wednesday, closing at their lowest levels since Oct. 2 for a second day in a row. The benchmarks a...
Oil inches up after surprise drop in US crude stockpiles
Oil inches up after surprise drop in US crude stockpiles
Source: Reuters
2024-10-17 09:05:07 am
Gold flirts with record highs ahead of US data Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. elections and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction. Spot gold rose 0.3% to $2,682.14 per ounce by 0221 GMT. Prices had climbed to a session high of $2,685.16 on Wednesday, shy of the record $2,685.42 scaled on Sept. 26. U.S. gold futures gained 0.2% to $2,697.40. "Investors are seeking sa...
Gold flirts with record highs ahead of US data
Gold flirts with record highs ahead of US data
Source: Reuters
2024-10-17 08:54:53 am
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime? With the Federal Open Market Committee (FOMC) Meeting cutting the Federal Funds Rate by 50bps, we are clearly in a falling interest rate regime globally. Out of 38 countries tracked by the BIS Central Bank database, 22 have cutrates in 2024 so far. In this scenario, precious metals such as gold and silver become potential investments,as they have generally shown increased potential infalling interest rate regimes.Gold reached an all-time high on September 23, 2024, touching US$2,629. In India...
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime?
HDFC AMC Article - Gold Rush ahead in a Falling Interest Rate Regime?
Source: PR Agency
2024-10-15 05:36:56 pm
Dollar at over two-month high, yen near 150/$ The U.S. dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, while the yen inched closer to the key 150 per dollar level. The euro was steady in early Asian hours but close to its lowest level since Aug. 8 that it touched on Monday ahead of the European Central Bank policy meeting on Thursday, where the central bank looks set to deliver another interest rate cut. A st...
Dollar at over two-month high, yen near 150/$
Dollar at over two-month high, yen near 150/$
Source: Reuters
2024-10-15 08:59:06 am
Asian shares set for first weekly loss in five, China stimulus eyed Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which pointed to stalling progress in the Federal Reserve's fight against inflation. However, high weekly jobless claims figures kept bets that the Fed remai...
Asian shares set for first weekly loss in five, China stimulus eyed
Asian shares set for first weekly loss in five, China stimulus eyed
Source: Reuters
2024-10-11 08:48:37 am
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut The dollar slumped to its lowest this year on Friday versus the yen while gold hit a record high as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week. Shares in Asia also advanced after traders raised bets back to 45% for a 50-basis point U.S. rate cut on Sept. 18, according to LSEG data at 0510 GMT, from about 28% before articles in the Financial Times and Wall Street Journal each called the decision "a close call". Influential former N...
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Dollar dives to 2024 low, gold at record high on revived bets for jumbo Fed cut
Source: Reuters
2024-09-13 09:06:20 am
Dollar weak, yen at 2024 high on bets of big rate cut from Fed  The dollar softened on Friday, with the yen hitting its highest level this year as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut. While the Fed is all but certain to cut rates next week, uncertainty around whether it will go with a 25 basis point cut or 50 basis points (bps) has kept investors on edge and weighed on the dollar. Analysts pointed to media report...
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Source: Reuters
2024-09-13 08:56:04 am
Dollar firm after inflation data douse bets for big Fed cut The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank (ECB) is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again. The dollar gained against the yen, following a turbulent session on W...
Dollar firm after inflation data douse bets for big Fed cut
Dollar firm after inflation data douse bets for big Fed cut
Source: Reuters
2024-09-12 09:04:20 am
World stocks dip, European shares jump on ECB rate cut hopes World equities dithered at four-week lows on Monday, pressured by falling stocks in Asia, while European shares climbed on the prospect of an ECB rate cut on Thursday, government bond yields rose, and oil recovered from last week's beating. MSCI's gauge of stocks around the globe fell 1.94 points or 0.24% to its lowest level in almost a month, while Europe's STOXX 600 index rose 0.61%. Data on Monday showed China's consumer prices index rose in August at the fastest pace...
World stocks dip, European shares jump on ECB rate cut hopes
World stocks dip, European shares jump on ECB rate cut hopes
Source: Reuters
2024-09-09 08:45:20 am
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift  The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda's steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation si...
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Source: Reuters
2024-08-26 09:04:16 am
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell The yen rose on Friday as traders considered comments from Bank of Japan Governor Kazuo Ueda, who sought to calm lingering nerves after a surprise rate hike last month, while markets braced for a speech from Federal Reserve Chair Jerome Powell. With the spotlight squarely on the central bankers, Ueda appeared first in Japan's parliament to explain the rate increase that had rattled investors. The yen was 0.38 % higher at 145.75 per dollar on Friday in choppy trading after Ueda reaff...
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Source: Reuters
2024-08-23 09:00:55 am
Rupee strengthens against US dollar on Friday Indian rupee strengthened marginally against the US dollar on Friday, tracking sustained foreign fund inflows and fall in crude oil prices. Foreign Institutional Investors were net buyers in the capital markets on Thursday as they purchased shares worth Rs 5,483.63 crore, exchange data showed. However, some gains were limited by strength of the American currency overseas and, dollar demand from foreign investors and oil companies. The Reserve Bank of India stated that it is looking to lower i...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-07-19 11:53:34 am
Oil prices rise on bigger-than-expected drop in US crude stocks Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to $83.16. Brent climbed 1.6% on Wednesday, and WTI rose 2.6%. U.S. crude inventories fell by 4.9 million barrels last week, data from the U.S. Energy Information Administration showed. That compares with a 30,000-barrel decline forecast b...
Oil prices rise on bigger-than-expected drop in US crude stocks
Oil prices rise on bigger-than-expected drop in US crude stocks
Source: Reuters
2024-07-18 08:46:21 am
Rupee weakens against US dollar on Tuesday Indian Rupee weakened against the US dollar on Tuesday amidst elevated crude oil prices, while investors are cautiously awaiting more cues on the US interest rates due this week. The minutes of the Fed’s June meeting are due on Wednesday, Key US nonfarm payrolls data for June is due on Friday, and Fed Chair Jerome Powell is set to speak at a European Central Bank conference on Tuesday. Moreover, dollar demand from oil importers and foreign portfolio investors and foreign fund outflows h...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-07-02 12:32:04 pm
Dollar soars near 38-year yen peak as Trump risk lifts US yields The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. The euro remained firm as rival French political parties joined forces to try and prevent the far-right National Rally (RN) from taking power. Equities were broadly mixed in Asia, while crude oil edged higher following a strong rally in the previous session. Later in the day, U.S. Federal Reserve C...
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar soars near 38-year yen peak as Trump risk lifts US yields
Source: Reuters
2024-07-02 09:22:29 am
Dollar holds firm as Fed seen less dovish than peers The dollar touched an eight-week high above 159 yen on Friday and traded at its highest in nearly five weeks against sterling, with the Federal Reserve's patient approach to cutting interest rates contrasting with more dovish stances elsewhere. The dollar index, which measures the currency against six others, spiked 0.41% overnight, erasing declines for the week, following a second successive rate cut at the Swiss National Bank and hints from the Bank of England for a reduction in Augu...
Dollar holds firm as Fed seen less dovish than peers
Dollar holds firm as Fed seen less dovish than peers
Source: Reuters
2024-06-21 09:00:04 am
Dollar firm as euro wallows; yuan brushes aside China data The dollar was firm on Monday as the euro hovered near a more than one-month low amid continued concerns about the political outlook in Europe. The yuan held close to a multi-month low after China released a slew of economic data that pointed to an uneven recovery in the world's second-largest economy. The euro was nearly flat at $1.0701, picking up somewhat after falling to its lowest since May 1 at $1.06678 on Friday. The currency also logged its biggest weekly decline since April...
Dollar firm as euro wallows; yuan brushes aside China data
Dollar firm as euro wallows; yuan brushes aside China data
Source: Reuters
2024-06-17 09:12:02 am
Asia shares muted on mixed China data, euro pressure Asian share markets were mostly softer on Monday as mixed Chinese economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed. Other data showed home prices fell at the fastest pace in a decade in May, highlighting the continued strains ...
Asia shares muted on mixed China data, euro pressure
Asia shares muted on mixed China data, euro pressure
Source: Reuters
2024-06-17 09:04:57 am