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Seoul shares dip on US monetary policy uncertainties  Seoul shares fell more than 1 per cent Friday amid concerns over a slower monetary easing cycle in the United States, along with the aftermath of President Yoon Suk Yeol's short-lived martial law declaration this month.  The Korean won also continued to hover around 1,450 won per US dollar for two straight sessions, the lowest level in 15 years. The benchmark Korea Composite Stock Price Index (KOSPI) plunged 31.78 points, or 1.3 per cent, to close at 2,404.15. It fell bel...
Seoul shares dip on US monetary policy uncertainties
Seoul shares dip on US monetary policy uncertainties
Source: IANS
2024-12-20 02:37:33 pm
Korean stock market declines over 1 pc on US monetary policy uncertainties Seoul shares fell more than 1 per cent on Friday amid concerns over a slower monetary easing cycle in the United States, along with the aftermath of President Yoon Suk Yeol's short-lived martial law declaration this month.  The Korean won also continued to hover around 1,450 won per U.S. dollar for two straight sessions, the lowest level in 15 years. The benchmark Korea Composite Stock Price Index (KOSPI) plunged 31.78 points, or 1.3 per cent, to close at 2,404.15. It fell belo...
Korean stock market declines over 1 pc on US monetary policy uncertainties
Korean stock market declines over 1 pc on US monetary policy uncertainties
Source: IANS
2024-12-20 09:03:10 am
Rupee weakens against US dollar on Thursday Indian rupee weakened to an all-time low of 85.0750 against the US dollar on Thursday, tracking gains in American currency overseas after US Fed chair Jerome Powell-led rate-setting panel cut key interest rates by 25 bps and flagged a slower pace of interest rate cuts next year. Moreover, dollar demand from importers, foreign fund outflows and sluggish domestic equities have also further dented investor sentiments. Foreign Institutional Investors offloaded Rs 1,316.81 crore in the capital mar...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-12-19 11:49:51 am
Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited Asian stocks slid, bond yields rose and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts in the coming year and investors braced for a Bank of Japan policy decision. The Fed cut interest rates on Wednesday as expected, but Chair Jerome Powell's explicit references to the need for caution from here on sent U.S. stocks sharply lower, with Treasury yields surging and traders scaling back bets on rate cuts ...
Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited
Asian stocks dive after Fed flags slower rate cuts, BOJ decision awaited
Source: Reuters
2024-12-19 08:50:32 am
Rupee to linger near all-time low before Fed rate forecasts The Indian rupee is likely to hold near lifetime lows on Wednesday, with traders awaiting the Federal Reserve's projections on how many times it will cut interest rates next year. The one-month non-deliverable forward indicated that the rupee will mostly unchanged from 84.8950 in the previous session. The dollar index was little changed on Wednesday, just below 107. Asian currencies were mixed and rangebound. "Today's FOMC (Federal Open Market Committee) could spark anot...
Rupee to linger near all-time low before Fed rate forecasts
Rupee to linger near all-time low before Fed rate forecasts
Source: Reuters
2024-12-18 09:01:13 am
Gold prices steady ahead of Fed policy meeting Spot gold steadied on Tuesday ahead of the Federal Reserve's policy meeting as the market keenly awaited the U.S. central bank's outlook for cues on the interest rate path in 2025. Spot gold ticked up 0.1% to $2,655.07 per ounce, as of 0335 GMT. U.S. gold futures were flat at $2,672.40. "The market has almost discounted a 25-basis-point cut; however the 2025 outlook, the Fed dot chart and (Fed Chair Jerome) Powell's statements will be key to gauge the Fed's stance f...
Gold prices steady ahead of Fed policy meeting
Gold prices steady ahead of Fed policy meeting
Source: Reuters
2024-12-17 12:16:54 pm
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Gold heads for second weekly fall; focus on US payrolls data Gold prices edged higher on Friday but headed for a second straight week of decline, while market participants braced for the U.S. payrolls data that is expected to provide cues on the interest rate cut trajectory. Spot gold rose 0.3% to $2,638.66 per ounce by 0346 GMT after hitting its lowest since Nov. 26 earlier in the session. Prices are down about 0.4% so far this week. U.S. gold futures rose 0.5% to $2,661.00. "For December, support is around $2,550 and resistance at $2,70...
Gold heads for second weekly fall; focus on US payrolls data
Gold heads for second weekly fall; focus on US payrolls data
Source: Reuters
2024-12-06 10:53:41 am
Gold flat as investors await US payrolls data  Gold prices were little changed on Thursday as investors awaited U.S. payrolls data that is expected to provide more insights into the Federal Reserve's monetary policy path. Spot gold was nearly unchanged at $2,647.17 per ounce, as of 0326 GMT. U.S. gold futures eased 0.2% to $2,671.10. "Gold prices probably will stay around these levels with a downward bias at least until (the end of) December," said Brian Lan, managing director at Singapore-based dealer GoldSilver...
Gold flat as investors await US payrolls data
Gold flat as investors await US payrolls data
Source: Reuters
2024-12-05 11:22:15 am
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
Rate cut bets boost stocks as bitcoin breaks $100,000 Bitcoin broke $100,000 on Thursday as investors bet on a friendly regulatory shift in the U.S., while Asian stocks were firm after Wall Street indexes notched record highs on growing confidence in U.S. interest rate cuts. Bitcoin hit the $100,000 mark in the Asia morning and was last at $101,300. "At the end of the day, it's just a number," said Geoff Kendrick, global head of digital assets research at Standard Chartered. "But the reality is we've been able to ...
Rate cut bets boost stocks as bitcoin breaks $100,000
Rate cut bets boost stocks as bitcoin breaks $100,000
Source: Reuters
2024-12-05 09:29:29 am
Rupee caught between weak underlying tone, soft US data  The Indian rupee is likely to open little changed on Thursday, holding near its all-time low, amid a weak near-term outlook and data out of the U.S. that supported a Federal Reserve rate cut this month. The 1-month non-deliverable forward indicated the rupee will open at 84.72-84.75 to the U.S. dollar, compared with its close of 84.74 in the previous session. It hit a lifetime low of 84.7575 on Tuesday. Over the last two and a half months, the rupee has been under persistent stres...
Rupee caught between weak underlying tone, soft US data
Rupee caught between weak underlying tone, soft US data
Source: Reuters
2024-12-05 09:03:13 am
Rupee weakens marginally against US dollar on Wednesday Indian rupee weakened marginally against the US dollar on Wednesday, despite weakness in American currency and foreign inflows into capital market. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 3,664.67 crore, exchange data showed. Meanwhile a rise in crude in international markets, Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone have kept rupee under pressure. Investors are focusing on...
Rupee weakens marginally against US dollar on Wednesday
Rupee weakens marginally against US dollar on Wednesday
Source: Accord Fintech
2024-12-04 12:23:00 pm
Gold steady; all eyes on US jobs data, Fed Chair's speech Gold prices steadied on Wednesday as markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for further insights into the U.S. interest rate cut trajectory. Spot gold held its ground at $2,644.42 per ounce, as of 0203 GMT. U.S. gold futures eased 0.1% to $2,666.40. The U.S. ADP employment report is due at 1315 GMT, ahead of the U.S. payrolls report on Friday. Powell is scheduled to speak later in the day in what is expected to be his last public remarks ...
Gold steady; all eyes on US jobs data, Fed Chair's speech
Gold steady; all eyes on US jobs data, Fed Chair's speech
Source: Reuters
2024-12-04 11:38:03 am
Asian stocks slip, rattled by South Korean political unrest Asian equities stumbled on Wednesday while currencies were volatile as traders scrambled to contend with the political storm in South Korea, where martial law was imposed and subsequently lifted hours later. South Korea's won strengthened in early trading buoyed by suspected intervention but remained close to the two-year low against the dollar it hit late on Tuesday. The benchmark KOSPI index was down nearly 2%, taking its year-to-date losses to over 7%, making it the worst perform...
Asian stocks slip, rattled by South Korean political unrest
Asian stocks slip, rattled by South Korean political unrest
Source: Reuters
2024-12-04 09:02:29 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
Rupee nearly flat; cenbank intervention supports as equities stay tepid The Indian rupee was nearly unchanged on Monday as likely intervention by the Reserve Bank of India (RBI) helped offset pressure driven by weakness in local equities, which have borne the brunt of sustained foreign portfolio outflows this quarter. The rupee was at 84.3875 against the U.S. dollar as of 10:00 a.m. IST, barely changed from its close at 84.3950 on Thursday. Indian financial markets were shut on Friday for a local holiday. State-run banks were spotted offering dollars near 8...
Rupee nearly flat; cenbank intervention supports as equities stay tepid
Rupee nearly flat; cenbank intervention supports as equities stay tepid
Source: Reuters
2024-11-18 09:02:13 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
Gold set for worst week in 3 years as US dollar rallies Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal. Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week, touching their lowest since Sept. 12 on Thursday. U.S. gold futures were also flat at $2,573....
Gold set for worst week in 3 years as US dollar rallies
Gold set for worst week in 3 years as US dollar rallies
Source: Reuters
2024-11-15 10:27:25 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
Dollar headed for weekly gain on slower Fed easing, inflation outlook The dollar was set for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. The greenback hovered near a one-year high against a basket of currencies at 106.81 and was eyeing a weekly gain of 1.76%, which would mark its best performance since September. Sterling was in turn on track for its steepest weekly fall since January 20...
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Source: Reuters
2024-11-15 08:50:52 am
Gold declines to 8-week low on stronger dollar, yields  Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts. Spot gold was down 0.4% at $2,563.45 per ounce, as of 0505 GMT, after hitting its lowest since Sept. 19 earlier in the session. U.S. gold futures fell 0.7% to $2,568.30. The U.S. dollar advanced to a one-year high, making gold more expensive for overs...
Gold declines to 8-week low on stronger dollar, yields
Gold declines to 8-week low on stronger dollar, yields
Source: Reuters
2024-11-14 10:21:10 am
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. [US/]. The...
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Source: Reuters
2024-11-13 10:24:20 am
Gold drifts higher amid bargain hunting ahead of US inflation data Gold prices edged up on Wednesday as investors sought bargains after steep declines in the previous session, while the spotlight shifted to U.S. inflation data, which could shed more light on the Federal Reserve's path for monetary policy. Spot gold firmed 0.4% to $2,606.42 per ounce by 0733 GMT, after hitting its lowest since Sept. 20 on Tuesday. U.S. gold futures rose 0.2% at $2,612.30. "There is currently some bargain hunting as prices fell below the $2,600 mark," said ...
Gold drifts higher amid bargain hunting ahead of US inflation data
Gold drifts higher amid bargain hunting ahead of US inflation data
Source: Reuters
2024-11-13 09:06:58 am
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria  Asian stocks eased while the dollar held at four-month highs on Tuesday, though all the excitement was centred on bitcoin as it soared to a record peak underpinned by investor bets on assets that are likely to benefit from Donald Trump's election win. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. ...
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria
Asian stocks retreat, bitcoin soars to record on Donald Trump euphoria
Source: Reuters
2024-11-12 09:21:41 am
Gold hovers near 1-month low ahead of US data, Fed speakers  Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory. Spot gold rose 0.2% at $2,624.17 per ounce by 0155 GMT, after hitting its lowest since Oct. 10 on Monday. U.S. gold futures rose 0.5% to $2,630.10. The U.S. dollar held near a four-month high as investors continued to pile into trades seen as benefiting from the incoming Donald Trump ...
Gold hovers near 1-month low ahead of US data, Fed speakers
Gold hovers near 1-month low ahead of US data, Fed speakers
Source: Reuters
2024-11-12 08:50:34 am
Gold extends decline; investors await US data, Fed comments Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7% to $2,675.90. "Gold prices were previously seen as a hedge against U.S. political risks, and a quicker-than-expected conclusion in the elections may be a trigger for some...
Gold extends decline; investors await US data, Fed comments
Gold extends decline; investors await US data, Fed comments
Source: Reuters
2024-11-11 09:19:18 am
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last w...
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Source: Reuters
2024-11-11 09:15:41 am
US Fed slashes interest rates by 25 basis points amid weakening labour market The US Federal Reserve has slashed interest rates by 25 basis points amid cooling inflation and a weakening labour market, marking the second rate cut in this easing cycle.   "Since earlier in the year, labour market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 per cent objective but remains somewhat elevated," the Federal Open Market Committee (FOMC), the central bank's...
US Fed slashes interest rates by 25 basis points amid weakening labour market
US Fed slashes interest rates by 25 basis points amid weakening labour market
Source: IANS
2024-11-08 10:30:34 am
Asia stocks sputter as focus shifts to China stimulus Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing's week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. U.S. Tre...
Asia stocks sputter as focus shifts to China stimulus
Asia stocks sputter as focus shifts to China stimulus
Source: Reuters
2024-11-08 09:13:12 am
Rupee flat as cenbank intervention helps offset equity outflows pressure The Indian rupee was little changed near a record low on Friday, as likely intervention by the central bank countered the impact of outflows from local stocks. The rupee was at 84.37 as of 11:40 a.m. IST, just shy of its all-time low of 84.3775 hit in the previous session. State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India, near 84.37-84.3750 levels, traders said. While the dollar index has given up a large part of the gains spurred by R...
Rupee flat as cenbank intervention helps offset equity outflows pressure
Rupee flat as cenbank intervention helps offset equity outflows pressure
Source: Reuters
2024-11-08 09:03:08 am
Gold steady as markets brace for US election, likely Fed rate cut Gold held steady on Monday as investors prepared for a key week for the global economy ahead of the U.S. presidential election and the likelihood of another rate cut by the Federal Reserve. Spot gold edged up by 0.1% to $2,738.32 per ounce, as of 0227 GMT. Bullion hit a record high of $2,790.15 on Thursday. U.S. gold futures were flat at $2,747.80. Uncertainty this week could benefit gold, as delays in the election outcome or a split control of the House and Senate might drive safe-h...
Gold steady as markets brace for US election, likely Fed rate cut
Gold steady as markets brace for US election, likely Fed rate cut
Source: Reuters
2024-11-04 08:51:05 am
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracking weak domestic equities and rising crude oil prices, while investors are awaiting comments from Federal Reserve Chair Jerome Powell for interest rate cut clues and domestic manufacturing PMI (Purchasing Manager's Index) numbers to be released this week. Moreover, foreign funds outflows in the market also weighed on rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers 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
2024-09-30 12:19:19 pm
Rupee strengthens against US dollar on Thursday Indian rupee strengthened against the US dollar on Thursday tracking firm domestic equities after the US Federal Reserve decided to cut interest rate by 0.5% after more than four years in line with market expectations. US Fed Chair Jerome Powell also indicated that the United States is on track to achieve the targeted level of inflation at 2%. Moreover, lower crude oil prices and foreign fund inflows have also supported rupee sentiments. Foreign Institutional Investors were net buyers in the ...
Rupee strengthens against US dollar on Thursday
Rupee strengthens against US dollar on Thursday
Source: Accord Fintech
2024-09-19 11:45:15 am
US Fed rate cut to boost investment and business sentiment, all eyes on India The softening of US Fed rate by 0.5 percentage point (50 bps) is a welcome step, given the strengthening US economy with stable inflation, industry analysts said on Thursday, as the focus turns to India which is the fastest-growing economy in the world.  After the rate cut decision, the US dollar turned higher, putting pressure on gold like safe commodities. Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry (PHDCCI), said the US economy is expanding steadily with gro...
US Fed rate cut to boost investment and business sentiment, all eyes on India
US Fed rate cut to boost investment and business sentiment, all eyes on India
Source: IANS
2024-09-19 10:03:17 am
US Fed cuts interest rate by a half percentage point The US central bank on Wednesday announced a large half percentage point cut in the interest rate, the first reduction in four years. It comes down from 5.35 per cent to between 4.75 per cent and 5 per cent.  "Recent indicators suggest that economic activity has continued to expand at a solid pace," the Federal Reserve said in a statement. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committe...
US Fed cuts interest rate by a half percentage point
US Fed cuts interest rate by a half percentage point
Source: IANS
2024-09-19 09:21:33 am
Markets on tenterhooks ahead of key US jobs data  Asian shares clung to tight ranges and the dollar nursed losses on Friday, with investors on tenterhooks ahead of U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy. As of now, oil prices are staring down their worst week in more than a year to hover just above a critical chart level, with their near-term fate depending on the payrolls report due later in the day. [O/R] MSCI's broadest index of Asia-Pacific shares outside...
Markets on tenterhooks ahead of key US jobs data
Markets on tenterhooks ahead of key US jobs data
Source: Reuters
2024-09-06 09:10:03 am
Dollar sags to one-month low vs yen as payrolls data looms The dollar slid to a one-month trough versus the yen and a one-week low on the euro on Friday, as a mixed bag of U.S. job market indicators stirred caution ahead of a crucial monthly payrolls report later in the day. A report on Thursday showed the number of Americans filing new applications for jobless benefits declined last week as layoffs remained low. That helped allay fears that the labour market was deteriorating rapidly, after figures released the previous day showed private jobs gr...
Dollar sags to one-month low vs yen as payrolls data looms
Dollar sags to one-month low vs yen as payrolls data looms
Source: Reuters
2024-09-06 09:02:46 am
India rupee gains, tracking Asian peers and on hopes of equity inflows The Indian rupee strengthened on Thursday, tracking a similar move in its Asian peers and in anticipation of MSCI-related inflows as domestic equities' weightage in the index is set to rise. The rupee closed at 83.8700 against the U.S. dollar at, up 0.1% from 83.9525 in the previous session. Asian currencies rose, while the dollar index slipped to 100.89, before recovering through the session. Indian equities' increased weightage in MSCI's emerging market index, effective...
India rupee gains, tracking Asian peers and on hopes of equity inflows
India rupee gains, tracking Asian peers and on hopes of equity inflows
Source: Reuters
2024-08-29 09:10:02 am
Dollar holds gains ahead of US inflation test The dollar steadied on Thursday as it nursed some of its steep losses from previous sessions, with traders looking ahead to a key U.S. inflation reading at the end of the week that could offer further clues on the outlook for rates there. Friday's release of the core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation - headlines a week that's otherwise been lacking on major market moving data, leaving currencies mostly ran...
Dollar holds gains ahead of US inflation test
Dollar holds gains ahead of US inflation test
Source: Reuters
2024-08-29 08:57:28 am
Gold edges down on stronger dollar, market awaits US inflation data Gold prices slipped on Wednesday as the dollar ticked up, while investors awaited a key U.S. inflation report due this week for more clarity on the size of a likely September rate cut. Spot gold fell 0.4% to $2,514.11 per ounce by 0313 GMT. Bullion hit a record high of $2,531.60 on Aug. 20. U.S. gold futures were down 0.2% to $2,549.00. The dollar index was up 0.1%, diminishing gold's attractiveness for foreign currency holders. [USD/] "Market seems to be waiting for a ca...
Gold edges down on stronger dollar, market awaits US inflation data
Gold edges down on stronger dollar, market awaits US inflation data
Source: Reuters
2024-08-28 09:52:26 am
Currencies trade in tight range as market awaits more U.S. rate cues The U.S. dollar held near its lowest level in more than a year against a basket of peers on Wednesday, with sterling trading just off multi-year highs, as markets focused on clues to the size of a widely expected U.S. interest rate cut next month. Cryptocurrency bitcoin took the early Asia spotlight, dropping over 6% after breaking below support around $60,000. Meanwhile, the Aussie popped up to a multi-month high after the latest domestic consumer price data came in a tick above consen...
Currencies trade in tight range as market awaits more U.S. rate cues
Currencies trade in tight range as market awaits more U.S. rate cues
Source: Reuters
2024-08-28 08:59:00 am
US, Seoul markets down over Nvidia's underwhelming earnings result South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia.  The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62 points, or 1.18 per cent, to 2,658.21 in the first 15 minutes of trading, Yonhap news agency reported. Overnight in the United States, the Dow Jones Industrial Average fell 0.39 per cent, with the S&...
US, Seoul markets down over Nvidia's underwhelming earnings result
US, Seoul markets down over Nvidia's underwhelming earnings result
Source: IANS
2024-08-28 08:55:39 am
Rupee may weaken slightly, tracking peers; RBI, Fed view key The Indian rupee is expected to open marginally lower on Wednesday, in the wake of a decline in other Asian currencies, and is likely to hold a narrow range amid the central bank's intervention. The one-month non-deliverable forward indicated that the rupee will be a tad lower than its close of 83.9250 to the U.S. dollar in the previous session. The rupee has been directionless amid depressed volatility. Most market participants reckon its breakout from the current narrow range, whe...
Rupee may weaken slightly, tracking peers; RBI, Fed view key
Rupee may weaken slightly, tracking peers; RBI, Fed view key
Source: Reuters
2024-08-28 08:45:46 am
Currencies tread water as Middle East risks temper rate cut optimism The dollar edged higher on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partially offset investors' optimism for imminent U.S. interest rate cuts. Geopolitical risks kept early currency moves subdued, though fears of an escalating conflict following Israel and Hezbollah's major missile exchange over the weekend petered out. The yen was last 0.2% lower at 144.82 per dollar, giving up some of its safe haven gains from the prev...
Currencies tread water as Middle East risks temper rate cut optimism
Currencies tread water as Middle East risks temper rate cut optimism
Source: Reuters
2024-08-27 08:55:04 am
Rupee to wrestle with weak Asian leads, jump in oil prices The Indian rupee is expected to largely struggle on Tuesday amid a decline Asian currencies, weak risk appetite and higher oil prices. The 1-month non-deliverable forward indicated that the rupee will slightly weaker-to-flat to the U.S. dollar from its previous close of 83.90. The rupee was on Monday unable to take advantage of Federal Reserve Chair Jerome Powell's dovish shift at the Jackson Hole gathering last week. The currency had opened at 83.80, before dollar demand from impor...
Rupee to wrestle with weak Asian leads, jump in oil prices
Rupee to wrestle with weak Asian leads, jump in oil prices
Source: Reuters
2024-08-27 08:49:25 am
Asian stocks slide as geopolitical worries sap confidence Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Middle East and supply concerns checked risk sentiment and lifted oil prices. Gold prices were just shy of a record peak, while the dollar firmed and the yen hovered near its highest in three weeks as investors sough safety amid geopolitical risks, with Israel and Lebanon's Hezbollah exchanging fire on Sunday. [GOL/] [FRX/] Also...
Asian stocks slide as geopolitical worries sap confidence
Asian stocks slide as geopolitical worries sap confidence
Source: Reuters
2024-08-27 08:46:23 am
Rupee strengthens against US dollar on Monday Indian rupee strengthened against the US dollar on Monday, tracking muted American currency in the overseas market following US Fed Chair Jerome Powell's recent speech at the Jackson Hole meeting, where he said that time has come for policy to adjust, indicating possible US rate cuts in September. Rupee improved further on foreign fund inflows. Foreign Institutional Investors were net buyers in the capital markets on Friday, as they purchased shares worth Rs 1,944.48 crore, according to e...
Rupee strengthens against US dollar on Monday
Rupee strengthens against US dollar on Monday
Source: Accord Fintech
2024-08-26 11:39:02 am