Powered by: Motilal Oswal

News

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
Rupee strengthens against US dollar on Friday Indian rupee strengthened from its all-time low level against the US dollar on Friday, even as strong economic data and Federal Reserve's hawkish tilt pushed US dollar to 2 year high. An unexpected upward revision to third-quarter US GDP, a dip in jobless claims and an upside surprise in existing home sales showed resilience in the US economy and weakening the need for imminent rate cuts. Likely intervention by the Reserve Bank of India helped rupee to strengthen against the dollar. Howev...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-20 12:06:26 pm
Rupee hits all-time low as dollar extends climb, RBI likely steps in The Indian rupee weakened to its record low on Friday, hurt by persistent dollar strength after strong U.S. economic data reinforced the Federal Reserve's hawkish tilt while likely intervention by the Reserve Bank of India capped the currency's losses. The rupee declined to 85.10 against the U.S. dollar in early trading, inching past its previous record low of 85.0850 hit on Thursday. The local unit was last quoted at 85.0975 as of 10:00 a.m. IST. State-run banks were spotted of...
Rupee hits all-time low as dollar extends climb, RBI likely steps in
Rupee hits all-time low as dollar extends climb, RBI likely steps in
Source: Reuters
2024-12-20 11:01:27 am
Gold set for weekly drop; traders await US data for cues Gold prices were set for a weekly decline on Friday after the Federal Reserve's verdict on its monetary policy-easing cycle signalled a slowdown in rate cuts, while focus shifted to the U.S. Personal Consumption Expenditure data due later in the day. Spot gold was little changed at $2,596.89 per ounce, as of 0326 GMT, and has lost about 2% so far this week. U.S. gold futures nudged 0.1% higher to $2,611.30. Gold is consolidating as "investors await Trump to resume office nex...
Gold set for weekly drop; traders await US data for cues
Gold set for weekly drop; traders await US data for cues
Source: Reuters
2024-12-20 10:23:36 am
Dollar set to end week on a high, yen at five-month low  The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session sparked by a broad rally in the greenback. That drove its peers to milestone lows with the South Korean won sinking to a 15-year trough, the Canadian dollar tumbling to its weakest in more than four year...
Dollar set to end week on a high, yen at five-month low
Dollar set to end week on a high, yen at five-month low
Source: Reuters
2024-12-20 09:05:38 am
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
No relief for rupee as robust US data supports Fed`s hawkish stance The Indian rupee is likely to hold near its all-time low at the open on Friday after robust U.S. data reinforced the view that the Federal Reserve will cut interest rates at a measured pace next year. The one-month non-deliverable forward indicated that the rupee will open at 85.06-85.08 to the U.S. dollar, near its lifetime low of 85.0850 hit on Thursday. The dollar index and U.S. yields extended their post-Fed rally on Thursday. The 10-year U.S. yield hit nearly 4.60%, the highest in ...
No relief for rupee as robust US data supports Fed`s hawkish stance
No relief for rupee as robust US data supports Fed`s hawkish stance
Source: Reuters
2024-12-20 09:00:14 am
Quote on Fed Rate Cut by Dr Ravi Singh, SVP - Retail Research, Religare Broking Ltd Below the Quote on Fed Rate Cut by Dr Ravi Singh, SVP- Retail Research, Religare Broking Ltd   "In a widely expected move, the Federal Reserve announced a 25-basis point rate cut yesterday, lowering its target range to 4.25%-4.5%, marking the third consecutive reduction aimed at supporting economic growth amid persistent inflation. While the decision was widely expected, the forward guidance surprised markets, as Fed Chair Jerome Powell indicated expectations for two additiona...
Quote on Fed Rate Cut by Dr Ravi Singh, SVP - Retail Research, Religare Broking Ltd
Quote on Fed Rate Cut by Dr Ravi Singh, SVP - Retail Research, Religare Broking Ltd
Source: Religare Broking Ltd
2024-12-19 03:41:28 pm
Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook  The Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve's hawkish commentary on rate cut outlook.  The U.S. Fed meeting which was held on Wednesday, shifted its focus towards maximum employment and price stability, the FOMC halved the number of rate cuts expected for 2025. After the US Fed's decision, there was a strong rally in the dollar and the dollar index crossed the 108 level. Apart ...
Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook
Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook
Source: IANS
2024-12-19 01:56:21 pm
Quote on FOMC and US Fed rate cut by Piyush Mehta, smallcase Manager and CIO at Caprize Investment Below the Quote on FOMC and US Fed rate cut by Piyush Mehta, smallcase Manager and CIO at Caprize Investment   “As FEDs focus moves towards maximum employment and price stability, the FOMC halved the number of rate cuts expected for 2025. Post US markets sharp negative reaction to the overall commentary, all Asian markets have opened negatively as well. Indian markets should follow a similar gap down mood. This could actually open the index to levels of 23500 with high chance...
Quote on FOMC and US Fed rate cut by Piyush Mehta, smallcase Manager and CIO at Caprize Investment
Quote on FOMC and US Fed rate cut by Piyush Mehta, smallcase Manager and CIO at Caprize Investment
Source: Caprize Investment
2024-12-19 12:55:50 pm
Gold recovers from one-month low on short-covering Gold prices jumped more than 1% on Thursday on short-covering after dipping to the lowest in a month earlier in the session, while the market awaited key U.S. data for further cues on the Federal Reserve's policy trajectory. Spot gold gained 0.8% to $2,607.88 per ounce as of 0251 GMT. However, U.S. gold futures eased 1.2% to $2,620.60. "Very short-term oriented speculators are looking for opportunities to buy the dips and gold's gain is because of short-covering after the m...
Gold recovers from one-month low on short-covering
Gold recovers from one-month low on short-covering
Source: Reuters
2024-12-19 09:12:26 am
Dollar charges ahead, yen flinches lower after BOJ holds The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank of Japan (BOJ) stood pat on rates. The BOJ kept interest rates steady on Thursday as expected, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2% target. The yen fell in the immediate aftermath of the decision, weakening roughly...
Dollar charges ahead, yen flinches lower after BOJ holds
Dollar charges ahead, yen flinches lower after BOJ holds
Source: Reuters
2024-12-19 09:08:45 am
Oil falls on demand concerns after Fed signals slower easing ahead Oil prices fell in early trading on Thursday after the U.S. Federal Reserve signalled that it would slow the pace of interest rate cuts in 2025, potentially impacting fuel demand. Brent futures fell 33 cents, or 0.45%, to $73.06 a barrel by 0107 GMT. U.S. West Texas Intermediate crude fell 36 cents, or 0.51%, to $70.22. The falls reverse much of the gains from Wednesday, when prices settled higher as U.S. crude stocks fell and the U.S. Federal Reserve cut interest rates by an expected 2...
Oil falls on demand concerns after Fed signals slower easing ahead
Oil falls on demand concerns after Fed signals slower easing ahead
Source: Reuters
2024-12-19 08:56:52 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 may weaken past 85/USD on Fed`s `decidedly`hawkish turn The Indian rupee may dip past 85 for the first time on Thursday after Federal Reserve officials signalled fewer rate cuts in 2025, sending the dollar index to its highest in two years. The one-month non-deliverable forward indicated that the rupee will open at 85.04-85.06 to the U.S. dollar compared with 84.9525 in the previous session. Overnight, U.S. equities plunged, Treasury yields rose and the dollar index soared after the Fed indicated a much slower pace of rate cuts than previous...
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn
Rupee may weaken past 85/USD on Fed`s `decidedly`hawkish turn
Source: Reuters
2024-12-19 08:45:36 am
Rupee weakens against US dollar on Wednesday Indian rupee weakened and hit a new intraday record low of 84.9375 against the US dollar on Wednesday ahead of the US Fed interest rate decision. The US Federal Reserve is expected to lower its benchmark interest rate by 25 basis points at the conclusion of its two-day meeting later today. Moreover, dollar demand from importers and foreign banks, sluggish domestic equities, foreign fund outflows and rising trade deficit have also dented investor sentiments. Foreign Institutional Investors off...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2024-12-18 12:03:36 pm
Gold prices edge higher with focus on Fed`s policy decision Gold prices edged higher on Wednesday as attention turned to the Federal Reserve's upcoming monetary policy decision, with the U.S. central bank anticipated to implement a third rate cut this year and provide insights into its plans for 2025. Spot gold nudged 0.1% higher to $2,648.43 per ounce by 0237 GMT. U.S. gold futures were flat at $2,663.20. The U.S. Fed began its two-day policy meeting on Tuesday, with focus on the central bank's updated economic projections and the dot p...
Gold prices edge higher with focus on Fed`s policy decision
Gold prices edge higher with focus on Fed`s policy decision
Source: Reuters
2024-12-18 09:12:19 am
Dollar steady against peers as Fed rate cut looms The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with markets pricing in a 97% probability, according to the CME's FedWatch tool. Focus will fall on policymakers' new economic p...
Dollar steady against peers as Fed rate cut looms
Dollar steady against peers as Fed rate cut looms
Source: Reuters
2024-12-18 09:09:32 am
Oil prices little changed ahead of Fed rate decision  Oil prices traded in a narrow range early on Wednesday as investors remained cautious ahead of an expected interest rate cut by the U.S. Federal Reserve. Brent futures inched up 12 cents, or 0.16%, to $73.31 a barrel by 0134 GMT, while U.S. West Texas Intermediate crude rose 11 cents, or 0.16%, to $70.19 a barrel. The Fed on Wednesday is widely expected to cut interest rates for the third time since its policy easing cycle began. More important for the oil market will be any co...
Oil prices little changed ahead of Fed rate decision
Oil prices little changed ahead of Fed rate decision
Source: Reuters
2024-12-18 09:04:22 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
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news  Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected U.S. interest rate cut. In Japan, auto shares leapt on hopes that talks between Honda and Nissan heralded industry consolidation. The S&P 500 edged 0.4% lower overnight but MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade. Japan's Nikkei was 0.3% lower but a record 22...
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news
Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news
Source: Reuters
2024-12-18 08:56:13 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
Record trade deficit adds to rupee`s challenges, may open to all-time low The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The 1-month non-deliverable forward indicated that the rupee will open at 84.88-84.90 to the U.S. dollar compared with 84.8625 in the previous session. The rupee hit a lifetime low of 84.88 last Thursday. The jump in gold imports and weak exports p...
Record trade deficit adds to rupee`s challenges, may open to all-time low
Record trade deficit adds to rupee`s challenges, may open to all-time low
Source: Reuters
2024-12-17 09:14:09 am
Dollar supported as bets on 2025 rate cuts evaporate The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders ratchet long-term rate assumptions higher. The friendless euro, which is heading for a calendar-year drop of nearly 5% on the dollar, was not far from the year's lows at $1.0518. The gap between U.S. and German ten-year yields is 216 basis points and has widened nearly 70 bps in three months. The yen was on the back foot for a seventh consecutive ses...
Dollar supported as bets on 2025 rate cuts evaporate
Dollar supported as bets on 2025 rate cuts evaporate
Source: Reuters
2024-12-17 09:07:29 am
Oil prices in holding pattern ahead of Federal Reserve decision Oil prices were range-bound in early Asian trading on Tuesday as investors worried about Chinese demand and awaited further market direction from a U.S. interest rate decision due on Wednesday. U.S. West Texas Intermediate crude was down 6 cents at $70.65 a barrel at 0112 GMT, while Brent crude futures fell 1 cent to $73.90 a barrel. Prices were "weighed on by profit-taking after last week's 6% rally and a batch of disappointing Chinese economic data yesterday," IG market ...
Oil prices in holding pattern ahead of Federal Reserve decision
Oil prices in holding pattern ahead of Federal Reserve decision
Source: Reuters
2024-12-17 09:01:12 am
Asian shares drift, dollar firms ahead of central bank meetings Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the biggest cryptocurrency, remained nestled near the record high of $107,821 it touched on Monday. It was last flat at $106,041. The crypto market has been on a tear since the U.S. election in early November as traders wager th...
Asian shares drift, dollar firms ahead of central bank meetings
Asian shares drift, dollar firms ahead of central bank meetings
Source: Reuters
2024-12-17 08:58:23 am
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
Oil eases from highest in weeks, investors eye Fed rate cuts  Oil futures eased from their highest levels in weeks as investors awaited a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited however by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, or 0.3%, to $74.28 a barrel by 0110 GMT after settling at their highest level since Nov. 22 on Friday. U.S. West Texas Intermediate crude dropped 30 cents...
Oil eases from highest in weeks, investors eye Fed rate cuts
Oil eases from highest in weeks, investors eye Fed rate cuts
Source: Reuters
2024-12-16 09:18:39 am
Indian rupee, bonds to be guided by Fed policy decision  The Indian rupee and government bonds will take cues from the Federal Reserve's policy decision this week, with investors keeping an eye out for hawkish revisions to future U.S. interest rate projections. The rupee closed at 84.7875 against the U.S. dollar on Friday, down 0.1% on the week. It hit a record low of 84.88 earlier last week. Elevated dollar bids in the non-deliverable forwards market, along with expectations of a dovish tilt in monetary policy following the appoint...
Indian rupee, bonds to be guided by Fed policy decision
Indian rupee, bonds to be guided by Fed policy decision
Source: Reuters
2024-12-16 09:07:10 am
Gold edges higher with spotlight on Fed meeting  Gold prices inched higher on Monday as investors anticipated a potential interest rate cut by the Federal Reserve this week, with focus on the central bank's language on rate cuts next year. Spot gold was up 0.1% to $2,652.07 per ounce as of 0155 GMT. Meanwhile, U.S. gold futures slipped 0.2% to $2,670.90. "A 25 basis point rate cut this week has been fully priced by markets, so the focus will be on whether this will be a 'hawkish cut', where U.S. policymakers may...
Gold edges higher with spotlight on Fed meeting
Gold edges higher with spotlight on Fed meeting
Source: Reuters
2024-12-16 09:01:51 am
Indian rupee to face renewed pressure as US yields climb The Indian rupee, having witnessed slight relief late last week, is likely to come under renewed strain on Monday on the back of a further rise in U.S. Treasury yields. The 1-month non-deliverable forward indicate that the rupee will open at 84.82-84.83 to the U.S. dollar compared with its previous close of 84.7875. The local currency inched up 0.1% on Friday, thanks to likely dollar sales by the central bank and possible inflows, according to traders. "In the context" of h...
Indian rupee to face renewed pressure as US yields climb
Indian rupee to face renewed pressure as US yields climb
Source: Reuters
2024-12-16 08:59:40 am
Asia wary of Fed rate future, China data disappoints Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, well below market forecasts of 4.6% and evidence of the need for much more aggressive stimulus. Industrial production was much as expected, while house prices were s...
Asia wary of Fed rate future, China data disappoints
Asia wary of Fed rate future, China data disappoints
Source: Reuters
2024-12-16 08:57:14 am
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
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain Oil prices inched lower on Friday as investors focused on a forecast of ample supply and shrugged off expectations of higher demand next year from Chinese stimulus measures, while eyeing another Federal Reserve interest rate cut next week. Brent crude futures edged down 8 cents to $73.33 a barrel by 0125 GMT while U.S. West Texas Intermediate crude was at $69.95 a barrel, down 7 cents. The International Energy Agency expects non-OPEC+ nations to boost supply by about 1.5 million barrels...
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain
Oil edges lower on 2025 supply surplus forecast, but set to notch weekly gain
Source: Reuters
2024-12-13 09:03:03 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
Rupee weakness to persist on rally in dollar, US yields The Indian rupee will have to contend with the higher run in the U.S. dollar and yields at the open on Friday, which may push the local currency to a new all-time low. The one-month non-deliverable forward indicated that the rupee will open at 84.87-84.88 to the dollar, compared with 84.8575 in the previous session and near the all-time low of 84.88 hit on Thursday. The dollar index climbed past the 107 handle in the New York session on Thursday to its highest in more than two weeks. Th...
Rupee weakness to persist on rally in dollar, US yields
Rupee weakness to persist on rally in dollar, US yields
Source: Reuters
2024-12-13 08:57:11 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
Rupee weakens to near all-time low against US dollar on Thursday Indian rupee weakened to near all-time low against the US dollar on Thursday on the back of foreign fund outflows from the Indian capital market and rising crude oil prices. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 1,012.24 crore, exchange data showed. Moreover sluggish domestic equities also weighed on rupee, even after US CPI inflation came on expected lines fuelling bets of a 25 basis point rate cut by the Feder...
Rupee weakens to near all-time low against US dollar on Thursday
Rupee weakens to near all-time low against US dollar on Thursday
Source: Accord Fintech
2024-12-12 12:04:08 pm
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
Oil little changed as demand weakness offsets sanctions-driven supply risks Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. Brent crude futures were down 5 cents at $73.47 a barrel at 0141 GMT. U.S. West Texas Intermediate crude futures fell 11 cents to $70.18. Both benchmarks rose over $1 each on Wednesday. OPEC cut its demand growth forecast...
Oil little changed as demand weakness offsets sanctions-driven supply risks
Oil little changed as demand weakness offsets sanctions-driven supply risks
Source: Reuters
2024-12-12 08:57:34 am
Rupee slips to record low but central bank steps in to curb losses The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards (NDF) market and from importers while intervention by the central bank kept a lid on losses, traders said. The rupee weakened to a low of 84.88 to the U.S. dollar, down 0.04% on the day. The currency was quoted at 84.8750 at 10:00 a.m. IST. State-run banks were spotted offering dollars, most likely on behalf of the Reserve Bank of India (RBI), traders said. Heightened d...
Rupee slips to record low but central bank steps in to curb losses
Rupee slips to record low but central bank steps in to curb losses
Source: Reuters
2024-12-12 08:54:08 am
Rupee strengthens marginally against the US dollar on Wednesday Indian rupee strengthened marginally against the US dollar on Wednesday, despite volatility in the domestic equity benchmark indices ahead of key inflation data later in the day that could influence the Federal Reserve’s interest rate decision. Meanwhile, foreign fund inflows and steady dollar index have supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 1,285.96 crore, exchange data showed. Al...
Rupee strengthens marginally against the US dollar on Wednesday
Rupee strengthens marginally against the US dollar on Wednesday
Source: Accord Fintech
2024-12-11 12:33:11 pm
Gold touches two-week peak; US inflation data in focus Gold prices scaled a two-week peak on Wednesday, supported by escalating geopolitical tensions and expectations of another rate cut by the U.S. Federal Reserve next week, and ahead of the closely watched U.S. inflation report later in the day. Spot gold was up 0.2% at $2,698.47 per ounce, as of 0253 GMT, and hit its highest since Nov. 25. U.S. gold futures rose 0.6% to $2,734.70. Investors' focus is on the U.S. Consumer Price Index (CPI), which is expected to have risen by 0.3% i...
Gold touches two-week peak; US inflation data in focus
Gold touches two-week peak; US inflation data in focus
Source: Reuters
2024-12-11 10:25:13 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
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory Gold prices maintain a positive trend, trading near a two-week high amid escalating geopolitical tensions and softer US Treasury yields. Factors like China's resumption of gold purchases and heightened safe-haven demand due to the Russia-Ukraine conflict and political unrest in South Korea and France bolster prices. Despite hawkish comments from Fed officials hinting at a potential pause in rate cuts, expectations of lower borrowing costs and subdued US Dollar strength support Gold’...
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory
Gold Holds Firm on Safe-Haven Appeal and Softer US Dollar by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-10 03:42:31 pm
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
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