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Rupee strengthens against US dollar on Thursday Indian rupee strengthened against the US dollar on Thursday tracking firm domestic equities and as higher-than-expected US inflation data fuelled expectations that the US Federal Reserve would not raise interest rates at its meeting next week. However, elevated crude oil prices and foreign fund outflows limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 1,631.63 crore, exchange data showed.The p...
Rupee strengthens against US dollar on Thursday
Rupee strengthens against US dollar on Thursday
Source: Accord Fintech
2023-09-14 11:57:10am
Gold firms as US data boosts bets for Fed pause next week Gold prices crawled higher on Thursday from nearly three-week lows touched in the previous session as the dollar and Treasury yields weakened after the U.S. inflation data cemented the case for a Federal Reserve rate pause next week.Spot gold added 0.2% to $1,909.21 per ounce by 0318 GMT, having hit its lowest level since Aug. 25 on Wednesday at $1,905.10. U.S. gold futures were down 0.1% at $1,930.80.The U.S. dollar index and 10-year Treasury yields eased after a mixed report from the Labor ...
Gold firms as US data boosts bets for Fed pause next week
Gold firms as US data boosts bets for Fed pause next week
Source: reuters
2023-09-14 10:54:42am
Oil rebounds as markets refocus on supply tightness Oil prices rebounded on Thursday as markets turned their attention back to a tighter crude supply outlook for the rest of 2023 with demand set to stay robust through to next year.Brent crude futures rose 36 cents, or 0.4%, to $92.24 a barrel at 0300 GMT. U.S. West Texas Intermediate crude (WTI) climbed 35 cents, or 0.4%, to $88.87.Fears of deficient supplies are underpinning oil prices as producers "adamantly stick to restricted production", said Priyanka Sachdeva, senior market analyst at Ph...
Oil rebounds as markets refocus on supply tightness
Oil rebounds as markets refocus on supply tightness
Source: reuters
2023-09-14 09:22:35am
Gold steadies as traders assess impact of U.S. CPI on Fed plans Gold steadied on Wednesday after retreating immediately following data showing an acceleration in U.S. consumer prices, on expectations that the inflation readings may not prompt a big change in the Federal Reserve's interest rate strategy.Spot gold was steady at $1,912.86 per ounce by 9:05 a.m. EDT (1305 GMT. U.S. gold futures were also steady at $1,935.40 per ounce.The Labor Department data showed headline and core CPI in August rose 0.6% and 0.3%, respectively, month-on-month. Economists w...
Gold steadies as traders assess impact of U.S. CPI on Fed plans
Gold steadies as traders assess impact of U.S. CPI on Fed plans
Source: Reuters
2023-09-13 07:04:53pm
Gold slips as investors gear up for US inflation report ?Gold prices slipped on Wednesday, although were trading above a more than two-week low hit in the previous session as investors await U.S. inflation data that could shape expectations around the Federal Reserve's interest rate outlook.Spot gold dropped 0.2% to $1,908.70 per ounce by 0308 GMT, having touched their lowest level since Aug. 25 at $1,906.50 on Tuesday. U.S. gold futures slid 0.2% to $1,931.10."Any upside surprises in the U.S. inflation data could have gold again being pressured b...
Gold slips as investors gear up for US inflation report
Gold slips as investors gear up for US inflation report
Source: Reuters
2023-09-13 09:41:06am
U.S. stocks sag, crude surges with inflation data on deck ?Technology shares pulled Wall Street to a lower close and oil prices soared on Tuesday, as investors looked ahead to key inflation data, which could provide clues regarding the way forward for the U.S. Federal Reserve's monetary policy.All three major U.S. stock indexes lost ground on the day, with Oracle weighing on sentiment after the cloud services company forecast weaker-than-expected current quarter revenue, hinting at a broader softening of demand.Energy shares, boosted by rising crude...
U.S. stocks sag, crude surges with inflation data on deck
U.S. stocks sag, crude surges with inflation data on deck
Source: Reuter
2023-09-13 09:34:28am
Markets await U.S. inflation test, surging oil add to price jitters Asian shares were subdued after Wall Street wobbled overnight with markets bracing for key U.S. inflation data on Wednesday, while an oil price spike stoked anxiety about persistent price pressures, complicating the interest rate outlook.The euro edged higher and markets moved to favour a hike from Europe's central bank on Thursday, following a Reuters report that the European Central Bank (ECB) expects inflation will stay above 3% next year in its updated forecasts, well above its target of ...
Markets await U.S. inflation test, surging oil add to price jitters
Markets await U.S. inflation test, surging oil add to price jitters
Source: Reuter
2023-09-13 09:10:07am
Dollar steady ahead of key US inflation data, yen retraces gains  The dollar was broadly steady on Wednesday ahead of a key U.S. inflation report later in the day, though it rose on the yen as traders assessed comments from Japan's top central banker on a possible early exit from its negative interest rate policy.The U.S. currency advanced around 0.2% to 147.36 against the yen, which retraced its biggest one-day percentage rise in two months on Monday, following the remarks from Bank of Japan (BOJ) Governor Kazuo Ueda over the weekend.As investors hav...
Dollar steady ahead of key US inflation data, yen retraces gains
Dollar steady ahead of key US inflation data, yen retraces gains
Source: Reuter
2023-09-13 09:05:20am
Rupee strengthens against US dollar on Tuesday Indian rupee strengthened against the US dollar on Tuesday, tracking fresh foreign fund inflows into the capital market. Foreign Institutional Investors were net buyers in the capital markets as they purchased shares worth Rs 1,473.09 crore on Monday, exchange data showed. Moreover, Beijing?s fresh stimulus measures and receding concern over the prospect of further interest rate hikes by the US Federal Reserve also supported rupee sentiments.The partially convertible currency is currently tra...
Rupee strengthens against US dollar on Tuesday
Rupee strengthens against US dollar on Tuesday
Source: Accord Fintech
2023-09-12 12:13:54pm
Gold listless as investors await US CPI data for Fed policy guidance Gold prices settled into a holding pattern on Tuesday as investors awaited U.S. inflation figures that could provide an updated view on interest rates after the Federal Reserve kept the door open for further policy tightening.Spot gold was flat at $1,922.30 per ounce by 0306 GMT, while U.S. gold futures eased 0.1% to $1,946.10.Market activity is likely to be broadly subdued until the U.S. Consumer Price Index (CPI) data is out on Wednesday, which could provide guidance on U.S. interest rates ...
Gold listless as investors await US CPI data for Fed policy guidance
Gold listless as investors await US CPI data for Fed policy guidance
Source: Reuters
2023-09-12 09:46:21am
Gold gains as US inflation data takes centre stage this week Gold prices rose on Monday, supported by a retreat in the dollar as investors looked forward to U.S. inflation data that could define the Federal Reserve's moves on interest rates.Spot gold gained 0.3% to $1,922.89 per ounce by 0313 GMT, having lost 1% in the previous week. U.S. gold futures rose 0.2% to $1,946.30.Gold should be supported above the $1,900 level if we see the U.S. dollar continue to decline on bets that the Fed are indeed done with their tightening cycle, and the potential for...
Gold gains as US inflation data takes centre stage this week
Gold gains as US inflation data takes centre stage this week
Source: Reuters
2023-09-11 09:29:24am
Asia stock markets weaken ahead of US inflation data Asia stock markets were softer on Monday ahead of U.S inflation September data this week with investors seeking signals about the Federal Reserve's next likely moves on interest rates.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4%, after U.S. stocks ended the previous session with mild gains.Australian shares and Japan's Nikkei stock index both lost 0.25%.In Hong Kong, the Hang Seng Index was down 1.4% on falls for property stocks and after e-commerce giant Alibaba G...
Asia stock markets weaken ahead of US inflation data
Asia stock markets weaken ahead of US inflation data
Source: Reuters
2023-09-11 08:57:40am
US dollar`s longest winning streak in nearly nine years The US dollar is enjoying its longest winning streak in nearly nine years, CNN reported.The greenback was heading for its eighth-straight week of gains against a basket of other major currencies on Friday, its best run since winter 2014-2015. It has gained 5 per cent since mid-July, CNN reported,The rally comes after months of volatility, fueled by concerns that the dollar may be losing its status as the world?s reserve currency. Speculation about the potential de-dollarization of global trad...
US dollar`s longest winning streak in nearly nine years
US dollar`s longest winning streak in nearly nine years
Source: IANS
2023-09-10 12:48:08pm