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Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday amid volatile crude oil prices, sluggish domestic equity markets and persistent foreign fund outflows as investors trimmed hopes of aggressive rate cuts by the US Federal Reserve. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,411.73 crore, exchange data showed. However, some falls were limited by a weaker American currency and likely intervention by the Reserve Ban...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-21 11:39:22 am
Tokyo stocks retreat amid geopolitical, economic uncertainties Tokyo stocks retreated on Wednesday as investors grappled with heightened uncertainties surrounding US monetary policy and geopolitical tensions between Ukraine and Russia. The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, dropped 62.09 points, or 0.16 percent, to close at 38,352.34. Concerns over US economic resilience and inflation reignited fears of a slower rate-cut pace by the Federal Reserve, while escalating tensions between Ukraine and Russia further dampened...
Tokyo stocks retreat amid geopolitical, economic uncertainties
Tokyo stocks retreat amid geopolitical, economic uncertainties
Source: IANS
2024-11-21 09:25:51 am
Rupee strengthens marginally against US dollar on Tuesday ndian rupee strengthened marginally against the US dollar on Tuesday tracking firm domestic equities and weakness in American currency against major rivals overseas. Rupee sentiments improved further with expectations that the US Federal Reserve to cut interest rates at its December policy meeting. However, sustained foreign fund outflows and rising crude oil prices have capped the rupee’s gain further. Foreign Institutional Investors were net sellers in the capital markets on Monday, a...
Rupee strengthens marginally against US dollar on Tuesday
Rupee strengthens marginally against US dollar on Tuesday
Source: Accord Fintech
2024-11-19 11:35:10 am
Dollar rally stalls, giving yen respite  The yen got some much-needed respite on Tuesday as it steadied on the stronger side of 155 per dollar thanks to a pullback in the U.S. currency, which ran into profit-taking after a stellar rally that saw it scale a one-year high. The yen last edged 0.2% higher to 154.40 per dollar, recovering from its fall in the previous session after Bank of Japan Governor Kazuo Ueda stuck to his usual script and failed to offer any hints on whether a rate hike could come in December. "Rec...
Dollar rally stalls, giving yen respite
Dollar rally stalls, giving yen respite
Source: Reuters
2024-11-19 09:10:26 am
Gold hits one-week high on softer dollar; markets await Fed cues Gold prices climbed to a one-week high on Tuesday, buoyed by a softer U.S. dollar, while the market awaited comments from Federal Reserve officials for cues on the U.S. interest rate outlook. Spot gold rose 0.4% to $2,623.54 per ounce by 0246 GMT, the highest since Nov. 12. Prices rose 2% on Monday. U.S. gold futures gained 0.5% to $2,627.60. The U.S. dollar pulled back as profit-booking kicked in after last week's stellar rally. A weaker dollar makes bullion less expensive for b...
Gold hits one-week high on softer dollar; markets await Fed cues
Gold hits one-week high on softer dollar; markets await Fed cues
Source: Reuters
2024-11-19 09:02:59 am
Asian stocks rise, dollar weak as US yields tick down Asian stocks rose on Tuesday while U.S. bond yields and the dollar hung back from multi-month highs as traders awaited President-elect Donald Trump's cabinet selection and sought to gauge the outlook for Federal Reserve easing. Tech shares advanced, tracking Wall Street's recovery from last week's steep losses although Nvidia's upcoming earnings on Wednesday limited the scope for big moves. Markets have pared bets for a quarter-point interest-rate cut at the Fed's ne...
Asian stocks rise, dollar weak as US yields tick down
Asian stocks rise, dollar weak as US yields tick down
Source: Reuters
2024-11-19 08:56:19 am
Rupee strengthens against US dollar on Monday Indian rupee strengthened against the US dollar on Monday due to a steady American currency overseas ahead of upcoming comments from US Federal Reserve officials this week for more cues on the interest rate path. Moreover, lower level of crude oil prices in the international market also supported rupee sentiments. Besides, India's inflation surge and sustained foreign fund outflows have limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital markets...
Rupee strengthens against US dollar on Monday
Rupee strengthens against US dollar on Monday
Source: Accord Fintech
2024-11-18 11:39:36 am
Oil nudges up after Russia-Ukraine tensions escalate Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 29 cents, or 0.4%, to $71.33 a barrel by 0502 GMT, while U.S. West Texas Intermediate crude futures were at $67.20 a barrel, up 18 cents, or 0.3%. Russia unleashed its largest air strike on Ukraine in almost three mon...
Oil nudges up after Russia-Ukraine tensions escalate
Oil nudges up after Russia-Ukraine tensions escalate
Source: Reuters
2024-11-18 09:19:36 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
Gold gains over 1% as dollar rally stalls Gold prices rose more than 1% on Monday after last week's sharp declines, as a rally in the dollar paused, while market players awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path. Spot gold firmed 1.2% to $2,591.16 per ounce by 0444 GMT, after falling to its worst week in more than three years on Friday. U.S. gold futures were up 1% at $2,595.70. The dollar was flat after rising 1.6% last week. A weaker dollar makes bullion les...
Gold gains over 1% as dollar rally stalls
Gold gains over 1% as dollar rally stalls
Source: Reuters
2024-11-18 08:54:27 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
Asia shares stumble; long-end US bond yields rise with dollar Asian stocks fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump's return to the White House and the view that his administration will be a boon for cryptocurrencies. The world's largest cryptocurrency last traded 1.6% higher at...
Asia shares stumble; long-end US bond yields rise with dollar
Asia shares stumble; long-end US bond yields rise with dollar
Source: Reuters
2024-11-14 09:04:25 am
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh  Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices. Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30. The U.S. Energy Information Administration has slightly raised its expectation of U.S. oil output to an average 13.23 million barrels pe...
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Source: Reuters
2024-11-14 08:58:38 am
Dollar holds firm at one-year high on Trump trade momentum The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth straight daily gain fuelled by higher yields and Donald Trump's election victory. The greenback climbed above 156 yen for the first time since July. The euro slumped to its weakest since Nov. 2023 at $1.0546 and sterling hit its lowest on the dollar in three months at $1.2683. Higher trade tariffs and tighter immigration under the incoming Trump administration are projected to fuel inflat...
Dollar holds firm at one-year high on Trump trade momentum
Dollar holds firm at one-year high on Trump trade momentum
Source: Reuters
2024-11-14 08:50:43 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
Stocks fall as rally pauses, yields climb on Donald Trump policy worry  A gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors weigh the impact of U.S. President-elect Donald Trump's likely path of policies. Investors have flocked in to assets expected to benefit from Trump policies for his second term in office, after he pledged to impose high tariffs on imports from key trading partners, as well as lower taxes and loosen government regulations. ...
Stocks fall as rally pauses, yields climb on Donald Trump policy worry
Stocks fall as rally pauses, yields climb on Donald Trump policy worry
Source: Reuters
2024-11-13 09:17:51 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
Mild relief for rupee on slight recovery in Asia before US inflation data The Indian rupee is likely to inch up at the open on Wednesday on the back of a mild uptick in its Asian peers before U.S. inflation data that will hold cues on what the Federal Reserve will do at its next meeting. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.3850 to the U.S. dollar, compared with 84.3925 in the previous session. The currency dipped to an all-time low of 84.4125 on Tuesday. Donald Trump's victory in the U.S. election has spur...
Mild relief for rupee on slight recovery in Asia before US inflation data
Mild relief for rupee on slight recovery in Asia before US inflation data
Source: Reuters
2024-11-13 08:53:33 am
Oil pares losses on tight supply but cloudy demand caps gains Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025. Brent futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.2%, at $68.25. "Crude oil prices edged higher as tightness in the physical market offset bearish sentiment on demand. Buy...
Oil pares losses on tight supply but cloudy demand caps gains
Oil pares losses on tight supply but cloudy demand caps gains
Source: Reuters
2024-11-13 08:49:43 am
All-time low beckons for rupee on slide in yuan, rally in dollar index  The Indian rupee is likely to open at a lifetime low on Tuesday, weighed by the rally in the dollar index and the slump in the Chinese yuan in the wake of Donald Trump's victory in the U.S. Presidential election. The 1-month non-deliverable forward indicated that the rupee will open at 84.40-84.42 to the U.S. dollar, inching past the all-time low of 84.3925 hit on Monday. The rupee has been making all-time lows after Trump's U.S. election victory. The rupee would likely...
All-time low beckons for rupee on slide in yuan, rally in dollar index
All-time low beckons for rupee on slide in yuan, rally in dollar index
Source: IANS
2024-11-12 09:31:02 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
Oil prices hold their ground after falling on China stimulus  Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report after China's stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West Texas Intermediate crude futures were at $68.07 a barrel, up 3 cents. Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 ...
Oil prices hold their ground after falling on China stimulus
Oil prices hold their ground after falling on China stimulus
Source: Reuters
2024-11-12 08:43:18 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
Dollar underpinned before US inflation data, Fed speakers The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports on retail sales and industrial output due on Friday should show whether Beijin...
Dollar underpinned before US inflation data, Fed speakers
Dollar underpinned before US inflation data, Fed speakers
Source: Reuters
2024-11-11 09:04:21 am
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus Oil prices settled more than 2% lower on Friday as traders grew less fearful of prolonged supply disruptions from a hurricane in the U.S. Gulf of Mexico, while China's latest economic-stimulus packages failed to impress some oil traders. U.S. West Texas Intermediate futures led the decline and settled at $70.38 per barrel, down by 2.7%, or $1.98. Global benchmark Brent crude futures fell by 2.3%, or $1.76, to$73.87 per barrel. Energy producers shut in more than 23% of oil output in ...
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
NOV 8-Oil settles down 2% on receding hurricane risk, lackluster China stimulus
Source: Reuters
2024-11-11 09:01:14 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
What the RBI Might Do Following the U.S. Federal Reserve`s Rate Cut The U.S. Federal Reserve’s decision to reduce interest rates has set the stage for other central banks worldwide to reassess their monetary policies. For India, the Reserve Bank of India (RBI) faces a unique set of challenges and opportunities in light of this development. While a Fed rate cut often opens the door for other central banks to make similar moves, the RBI’s decision will ultimately hinge on domestic economic conditions, inflation, growth objectives, and concerns over ...
What the RBI Might Do Following the U.S. Federal Reserve`s Rate Cut
What the RBI Might Do Following the U.S. Federal Reserve`s Rate Cut
Source: IGI Editorial
2024-11-08 10:11:26 am
The Federal Reserve's Rate Decrease: Impact on Indian Markets The U.S. Federal Reserve’s decision to lower interest rates typically has wide-reaching implications for economies around the globe. As one of the world’s largest and most influential economies, the Fed's monetary policy affects everything from emerging markets to currency stability. For India, a rate decrease in the U.S. can bring both opportunities and challenges. Here, we break down the key impacts this move may have on the Indian market. ### 1. *Capital Flows and Stock ...
The Federal Reserve's Rate Decrease: Impact on Indian Markets
The Federal Reserve's Rate Decrease: Impact on Indian Markets
Source: IGI Editorial
2024-11-08 09:52:42 am
Gold prices set for second straight weekly fall Source Gold prices fell on Friday and were headed for a second straight weekly fall as traders assessed the impact of Donald Trump's presidency and its implications for U.S. interest rates. Spot gold fell 0.7% to $2,687.65 per ounce as of 0645 GMT and has slid nearly 2% this week. Prices hit over three-week lows on Wednesday in the aftermath of Trump's U.S. presidential election win, but rebounded by over 1% a day later. U.S. gold futures shed 0.4% to $2,694.50 on the day. The U.S. ...
Gold prices set for second straight weekly fall Source
Gold prices set for second straight weekly fall Source
Source: Reuters
2024-11-08 09:20:44 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
Dollar set to cap wild week on a high; China NPC meeting in focus  The U.S. dollar was back on the front foot on Friday and looking to end a volatile week with a slight gain, as markets weighed the impact of Donald Trump's return to the White House and what that means for the U.S. economy and its interest rate outlook. Before the Asian day is out, China will conclude its five-day meeting of the Standing Committee of the National People's Congress, from which investors will be watching for details of stimulus measures that could lift the yuan...
Dollar set to cap wild week on a high; China NPC meeting in focus
Dollar set to cap wild week on a high; China NPC meeting in focus
Source: Reuters
2024-11-08 08:55:17 am
Stocks rise, Treasuries under pressure as Trump impact weighed World stocks gained on Thursday after a record rise for U.S. shares overnight, and U.S. Treasuries remained under pressure as investors processed a second Donald Trump presidency, ahead of policy decisions from the Fed and other major central banks. Europe's broad STOXX 600 index was last up 0.5% after Asian shares had gained earlier in the day, with even onshore Chinese blue chips rising 3% as investor optimism over potential stimulus outweighed concerns about worsening trade tensions...
Stocks rise, Treasuries under pressure as Trump impact weighed
Stocks rise, Treasuries under pressure as Trump impact weighed
Source: Reuters
2024-11-07 10:43:20 am
Gold edges up as traders brace for Fed rate decision Gold prices edged up on Thursday but hovered at a three-week low, as market participants braced for an expected rate cut decision by the U.S. Federal Reserve later in the day. Spot gold rose 0.1% to $2,663.09 per ounce, as of 0924 GMT, after hitting its lowest level since Oct. 15 earlier in the session. U.S. gold futures shed 0.2% to $2,670.00. The dollar index eased from a four-month high, following Republican Donald Trump's win in the U.S. presidential election. A stronger doll...
Gold edges up as traders brace for Fed rate decision
Gold edges up as traders brace for Fed rate decision
Source: Reuters
2024-11-07 09:38:57 am
Indian rupee drops to all-time low on bullish dollar outlook The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump's victory is likely to boost the dollar in the coming months. The rupee dipped to 84.2950, inching past the previous all-time low of 84.28 hit on Wednesday. Trump's policies of tax cuts and deregulation are likely to lift U.S. growth, prompting investors to prefer the dollar to the other currencies, analysts said, adding that the threat of tariffs is likely to undermine euro and...
Indian rupee drops to all-time low on bullish dollar outlook
Indian rupee drops to all-time low on bullish dollar outlook
Source: Reuters
2024-11-07 09:32:22 am
Dollar backs off post-election highs ahead of rate decisions The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald Trump's win in the U.S. presidential election, and as investors prepped for several central bank decisions including the Federal Reserve. Sterling rallied ahead of a Bank of England meeting, while the Swedish and Norwegian crowns edged up after in-line decisions from their respective central banks. Front and centre, however, was the dollar, which rose by as m...
Dollar backs off post-election highs ahead of rate decisions
Dollar backs off post-election highs ahead of rate decisions
Source: Reuters
2024-11-07 09:06:32 am
Gold holds steady as market awaits US election outcome  Gold held steady on Wednesday as investors keenly awaited the outcome of a tightly contested U.S. presidential race. Spot gold held its ground at $2,745.42 per ounce, as of 0218 GMT. Bullion hit a record high of $2,790.15 last Thursday. U.S. gold futures edged 0.2% higher to $2,754.10. Republican Donald Trump won 14 states in Tuesday's U.S. presidential election while Democrat Kamala Harris captured four states and Washington, D.C., Edison Research projected, but critical b...
Gold holds steady as market awaits US election outcome
Gold holds steady as market awaits US election outcome
Source: Reuters
2024-11-06 09:18:57 am
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday due to a muted trend in domestic equities and caution ahead of the outcome of the US presidential election this week, while this week’s Federal Reserve's monetary policy announcement also pressurised sentiments. Moreover, persistent foreign fund outflows and rising crude oil prices also dragged down the domestic currency. Foreign institutional investors were net sellers in the capital markets on Monday, as they offloaded shares ...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-11-05 12:37:27 pm
Gold sluggish ahead of US election and Fed meeting Gold traded in a narrow range on Tuesday as investors stayed away from taking big positions ahead of the U.S. presidential election and the Federal Reserve policy meeting later this week. Spot gold ticked 0.1% down to $2,733.39 per ounce by 0225 GMT. Bullion hit a record high of $2,790.15 last week. U.S. gold futures edged lower by 0.1% to $2,742.40. Democratic candidate Kamala Harris and Republican candidate Donald Trump are nearly tied in opinion polls, leaving the outcome of the U...
Gold sluggish ahead of US election and Fed meeting
Gold sluggish ahead of US election and Fed meeting
Source: Reuters
2024-11-05 08:39:42 am
A Big Week Ahead: Key Events Set to Shape Global Markets This week promises to be a rollercoaster for the global financial markets, with several major economic and political events converging. Investors and analysts should brace themselves for potential market volatility but also recognize potential opportunities to strategically enter positions. Here’s a breakdown of the upcoming key events and their potential impacts: ### 1. *November 5: U.S. Presidential Election* The United States will head to the polls on November 5, with the outcome...
A Big Week Ahead: Key Events Set to Shape Global Markets
A Big Week Ahead: Key Events Set to Shape Global Markets
Source: InvestmentguruIndia
2024-11-04 12:48:37 pm
Rupee trades flat against US dollar on Monday Indian rupee was trading flat against the US dollar on Monday following weak domestic equities, rising crude oil prices and persistent foreign fund outflows due to uncertainty over the US presidential election and the Federal Reserve's monetary policy decision. Foreign institutional investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 211.93 crore, exchange data showed. India's forex reserves dropped by $3.463 billion to $684.805 billion in th...
Rupee trades flat against US dollar on Monday
Rupee trades flat against US dollar on Monday
Source: Accord Fintech
2024-11-04 12:06:41 pm
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
Dollar decline to help rupee kick off big week on positive note  The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid likely unwinding of long positions in the lead up to the U.S. presidential election. The 1-month non-deliverable forward indicates that the rupee will open at 84.04-84.06 to the dollar, compared with its previous close of 84.0750.  Last week, the rupee traded in a narrow 3.5 paisa range, thanks largely to the Reserve Bank of India's repeated interventions. "We a...
Dollar decline to help rupee kick off big week on positive note
Dollar decline to help rupee kick off big week on positive note
Source: Reuters
2024-11-04 08:39:18 am