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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
Rupee eyes breathing room as dollar rally stalls, importers may cap gains The Indian rupee is likely to open steady on Tuesday and may look to make mild gains through the session as the dollar's post-U.S. election surge shows signs of cooling after touching a one-year high last week. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.39 to the U.S. dollar, little changed from its close of 84.3850 in the previous session. The local currency had declined to its record low of 84.4125 last week. The dollar index was at 106.2...
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Rupee eyes breathing room as dollar rally stalls, importers may cap gains
Source: Reuters
2024-11-19 09:06:17 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
Dollar firms against yen as BOJ leaves open timing of hikes The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month. Bank of Japan Governor Kazuo Ueda reiterated that interest rates would continue to rise gradually should the economy develop in line with the central bank's outlook. However, he made no mention of whether a hike would come in December, saying the BOJ would ne...
Dollar firms against yen as BOJ leaves open timing of hikes
Dollar firms against yen as BOJ leaves open timing of hikes
Source: Reuters
2024-11-18 09:10:02 am
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
Foreign currency deposits down for 1st time in 5 months in South Korea Foreign currency deposits fell for the first time in five months in October on sagging corporate demand for U.S. dollar-denominated deposits and increasing import settlements amid a weak Korean currency, central bank data showed on Sunday.  Residents' outstanding foreign currency-denominated deposits reached $98.97 billion as of end-October, down $5.1 billion from a month earlier, according to the data from the Bank of Korea (BOK). The figure had climbed from June through Septe...
Foreign currency deposits down for 1st time in 5 months in South Korea
Foreign currency deposits down for 1st time in 5 months in South Korea
Source: IANS
2024-11-17 10:38:32 am
Bangladesh`s October foreign reserves fall below 20 billion USD Bangladesh's foreign exchange reserves fell below 20 billion US dollars by the end of October 2024, the latest Central Bank data showed.  The Bangladesh Bank data showed the country's foreign exchange reserves stood at 19,844 million dollars on October 31, according to the International Monetary Fund (IMF) calculation method. After the payment of the Asian Clearing Union, an arrangement for settling payments for intra-regional transactions among its members last week, the c...
Bangladesh`s October foreign reserves fall below 20 billion USD
Bangladesh`s October foreign reserves fall below 20 billion USD
Source: IANS
2024-11-16 09:22:48 am
Citigroup warns Donald Trump`s policies may slow growth in emerging markets  Citigroup analysts anticipate that emerging market stocks will underperform compared to global peers following Donald Trump's recent victory in the U.S. presidential election, despite China's recent policy initiatives and global economic growth. The brokerage said in a note on Thursday it expects Trump's trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and India to...
Citigroup warns Donald Trump`s policies may slow growth in emerging markets
Citigroup warns Donald Trump`s policies may slow growth in emerging markets
Source: Reuters
2024-11-15 04:30:57 pm
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
Rupee weakens against US dollar on Thursday Indian rupee marginally weakened against the US dollar on Thursday, pressured by strong dollar overseas after US inflation for October came in as expected and suggesting the Federal Reserve will continue lowering interest rates. Moreover, unabated foreign fund outflows and India’s inflation surge also dampened sentiments. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 2,502.58 crore, exchange data showed. Meanwhile...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-14 12:08:45 pm
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
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say  The Indian rupee was slightly weaker on Thursday, tracking a decline in Asian peers, as the dollar index climbed to its highest level in a year amid ongoing momentum following Donald Trump's victory in the U.S. elections. The rupee was at 84.4025 per U.S. dollar as of 11:00 a.m. IST, down from its close at 84.3775 in the previous session. Asian currencies were weaker by 0.1% to 0.9% while the dollar index was up 0.2% at 106.7, hovering close to its highest level in a year. ...
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say
Rupee dips; cenbank heightens scrutiny on FX trades, bankers say
Source: Reuters
2024-11-14 09:07:52 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
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
Rupee weakens against US dollar on Wednesday Indian rupee weakened against the US dollar on Wednesday, tracking weak domestic equities after the latest inflation report that showed prices climbing to a 14-month high of 6.21% in October and breached the Reserve Bank of India's upper tolerance limit. Moreover, persistent foreign fund outflows and strengthening dollar Index have also adding pressure on rupee. Foreign Institutional Investors were net sellers in the capital markets on Tuesday, as they offloaded shares worth Rs 3,024.31 c...
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday
Source: Accord Fintech
2024-11-13 11:53:28 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
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory Precious and industrial metals faced a decline, driven by a strengthening U.S. dollar and concerns about global economic weakness. Silver dipped to its lowest in a month, pressured by a robust dollar and weak Chinese stimulus measures. Copper hit a two-month low amid underwhelming Chinese economic data and a tepid debt package. Gold fell to nearly a two-month low as reduced demand for safe-haven assets and strong dollar gains weighed on the market. Meanwhile, WTI crude oil and platinum also e...
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:35:16 pm
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory The US dollar surged to a four-month high, pressuring major global currencies like the Euro, Pound, and Yen to multi-month lows. The Euro fell to $1.0625 due to US policy concerns and German political instability. The Pound dropped to $1.28, impacted by labor data and UK monetary policy. The offshore Yuan slid past 7.24 per dollar, weighed down by weak Chinese data. Meanwhile, the Yen remained weak, prompting Japanese authorities to issue warnings against volatile moves. The Australian dollar...
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory
Global Currencies Slide as Dollar Strengthens Amid Trump Optimism by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:31:33 pm
Indian cenbank likely selling dollars to support rupee amid Asian currencies' slide The Indian central bank was likely selling dollars to support the rupee after the local currency hit its all-time low on Tuesday, pressured by a Chinese yuan-led decline in Asian currencies, four traders told Reuters. The rupee weakened to a low of 84.40 per dollar in early trading, eclipsing its previous record low of 84.3925 hit in the previous session. The currency was last flat at 84.3925. State-run banks were spotted offering dollars near 84.40 levels, most likely on behalf of the ...
Indian cenbank likely selling dollars to support rupee amid Asian currencies' slide
Indian cenbank likely selling dollars to support rupee amid Asian currencies' slide
Source: Reuters
2024-11-12 02:09:42 pm
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday amid strength of the American currency at overseas market after markets bet that inflationary policies under Donald Trump will keep interest rates high in the long term, while investors are awaiting key US inflation reading later in the week for directional cues. Moreover, persistent foreign fund outflows also weighed on domestic currency. Foreign Institutional Investors were net sellers in the capital markets on Monday, as they offloaded...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-11-12 12:04:48 pm
AfDB releases 511 million USD to finance government programmes in Niger The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday. The first targetted programme is a 284.96-million-US dollars budget support for basic services, Lamin Barroco, Director General of the AfDB's West Africa region, said at a meeting in Niamey with members of the Nigerien government. The second financing package, estimated at 119.84 million dollars, will support a project to strengthen ...
AfDB releases 511 million USD to finance government programmes in Niger
AfDB releases 511 million USD to finance government programmes in Niger
Source: IANS
2024-11-12 10:20:55 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
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump tariffs. The U.S. dollar index, which measures the currency ag...
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Source: Reuters
2024-11-12 08:36:48 am
Rupee weakens marginally against US dollar on Monday Indian rupee weakened marginally against the US dollar on Monday, due to concerns surrounding the recent victory of Donald Trump in the U.S. elections and stronger US dollar. While, weak trend in domestic equities along with unabated foreign fund outflows also weighed on the local currency. Foreign institutional investors were net sellers in the capital markets on Friday, as they offloaded shares worth Rs 3,404.04 crore, exchange data showed. Rupee sentiments declined further on dip in crude ...
Rupee weakens marginally against US dollar on Monday
Rupee weakens marginally against US dollar on Monday
Source: Accord Fintech
2024-11-11 12:12:08 pm
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
Rupee weakens against US dollar on Friday Indian rupee weakened against the US dollar on Friday, followed by sluggish domestic equities and persistent foreign fund outflows with exchange data showed Foreign Institutional Investors were net sellers in the capital markets as they offloaded shares worth Rs 4,888.77 crore on Thursday. Rupee fell further by market worries about higher tariffs on Chinese goods following Donald Trump's win in the US presidential election. However, a steady dollar index against major currencies overseas ...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2024-11-08 12:05:46 pm
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
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday with caution ahead to the US Fed meeting outcome later this week. Moreover, persistent foreign fund outflows and weak domestic equities have also dented rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 4,445.59 crore, exchange data showed. Rupee fell further with hopes that Donald Trump’s win in the US presidential elections is likely to boost ...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-07 11:52:58 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
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`  The dollar rallied broadly on Wednesday and bitcoin jumped to an all-time high as investors returned to so-called "Trump trades" with initial results trickling in for an extremely close U.S. presidential election. In the key battleground state of Georgia, Republican Donald Trump is so far leading Democrat Kamala Harris with more than half the ballots counted, according to Edison Research. However, with vote counting still in an early stage nationally, it could be hours o...
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`
Source: Reuters
2024-11-06 09:18:56 am
US stock futures, dollar gain on early election results U.s. stock futures and the dollar climbed in Asia on Wednesday as early results from the U.S. presidential election suggested the race remained too close to call, leaving investors jumping at shadows. Republican Donald Trump won eight states while Democrat Kamala Harris captured three and Washington, D.C., Edison Research projected, but critical battleground states were unlikely to be called for hours or even days. Treasury yields climbed as some betting sites swung to favour Trump, whi...
US stock futures, dollar gain on early election results
US stock futures, dollar gain on early election results
Source: Reuters
2024-11-06 08:31:21 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
Dollar on back foot as Trump trades unwind; Aussie wary before RBA The dollar started Tuesday on the defensive as traders squared positions on the day of the U.S. presidential election, after recent polls dented some of the market bets on a victory for Republican Donald Trump. Democrat Kamala Harris has also experienced improving odds on election gambling sites and has a slight lead on PredictIt, although Polymarket continues to show Trump as favourite. The U.S. currency slumped as much as 0.76% against the euro overnight to a three-week trough after a...
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
Source: Reuters
2024-11-05 08:42:51 am
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
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
Dollar slips ahead of US election and as Fed rate cut looms The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen. The dollar index eased 0.1% to 103.79. Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday. [US/] ...
Dollar slips ahead of US election and as Fed rate cut looms
Dollar slips ahead of US election and as Fed rate cut looms
Source: Reuters
2024-11-04 08:26:57 am
Dollar calm as investors eye US jobs report, election The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Dollar calm as investors eye US jobs report, election
Source: Reuters
2024-11-01 09:09:53 am
Rupee trades flat against US dollar on Thursday Indian rupee was trading flat against the US dollar on Thursday pressured by firm American currency at overseas markets with caution ahead to the US presidential election due on November 5, and weak domestic equities following persistent foreign fund outflows also kept the rupee under pressure. Foreign institutional investors (FIIs) were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 4,613.65 crore, exchange data showed. India’s fiscal deficit for the...
Rupee trades flat against US dollar on Thursday
Rupee trades flat against US dollar on Thursday
Source: Accord Fintech
2024-10-31 12:13:16 pm
Rupee undermined by weak risk, soft dollar supports The Indian rupee is expected to open little changed on Thursday, amid losses in Asian shares and U.S. equity futures and a pause in the dollar's upward momentum. The 1-month non-deliverable forward indicated that the rupee will open largely unchanged from 84.0775 per U.S. dollar in the previous session, when it hit an all-time low of 84.09. The local currency has been in a very narrow range so far this week, just like last week. The Reserve Bank of India's insistence on not allo...
Rupee undermined by weak risk, soft dollar supports
Rupee undermined by weak risk, soft dollar supports
Source: Reuters
2024-10-31 09:05:40 am