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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
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
Oil prices fall on demand concerns, strong dollar Oil prices fell in early trading on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down more than 2%. Brent crude futures fell by 31 cents, or 0.43%, to $72.57 a barrel by 0139 GMT. U.S. West Texas Intermediate crude futures fell 26 cents, or 0.26%, to $69.12 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook, released on Thursday, that China's imports could ...
Oil prices fall on demand concerns, strong dollar
Oil prices fall on demand concerns, strong dollar
Source: Reuters
2024-12-20 09:01:53 am
Asian shares pinned near three-month lows, dollar towers at 2-yr peak Asian shares were pinned near three-month lows on Friday as investors awaited key U.S. inflation data that could either ease or worsen concerns about price pressures, while the dollar towered at two-year peaks. The closely watched inflation gauge - the U.S. Core Personal Consumption Expenditures - is due later in the day. Forecasts are centred on a monthly rise of 0.2% for November, and any upward surprises there could lead markets to further scale back bets for U.S. policy easing next yea...
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Asian shares pinned near three-month lows, dollar towers at 2-yr peak
Source: Reuters
2024-12-20 08:54:40 am
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
Rupee weakens against US dollar on Thursday Indian rupee weakened to an all-time low of 85.0750 against the US dollar on Thursday, tracking gains in American currency overseas after US Fed chair Jerome Powell-led rate-setting panel cut key interest rates by 25 bps and flagged a slower pace of interest rate cuts next year. Moreover, dollar demand from importers, foreign fund outflows and sluggish domestic equities have also further dented investor sentiments. Foreign Institutional Investors offloaded Rs 1,316.81 crore in the capital mar...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-12-19 11:49:51 am
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
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
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
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
Rupee weakens marginally against US dollar on Tuesday Indian rupee weakened marginally and hit a new lifetime low against the US dollar on Tuesday, tracking sluggish domestic equities, foreign fund outflows and dollar demand from importers and foreign banks. Foreign Institutional Investors offloaded Rs 278.70 crore in the capital markets on net basis on Monday, exchange data showed. Rupee fell further after data showed India's exports in November contracted by 4.85% year-on-year to $32.11 billion, while the trade deficit widened to an all-ti...
Rupee weakens marginally against US dollar on Tuesday
Rupee weakens marginally against US dollar on Tuesday
Source: Accord Fintech
2024-12-17 11:48:40 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
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracking sluggish domestic equities, elevated crude oil prices, and dollar demand from importers and foreign banks, while RBI data showed India's forex reserves dropped by $3.235 billion to $654.857 billion for the week ended December 6. However, some weakness were limited by foreign fund inflows into Indian capital markets and weak American currency overseas. Foreign Institutional Investors purchased Rs 2,335.32 crore in the capital m...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-16 12:04:37 pm
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Rupee strengthens against US dollar on Friday Indian rupee strengthened from its all-time low against the US dollar on Friday tracking better-than-expected domestic inflation data. Data showed India’s retail inflation declined in November to 5.48% and came within the Reserve Bank's tolerance limit, creating headroom for interest rate cut at the central bank's rate-setting panel meeting under new Governor Sanjay Malhotra in February. However, firm American currency and foreign fund outflows have limited the recovery in domes...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-13 11:39:33 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
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
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
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
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
Rupee strengthens marginally against US dollar on Tuesday Indian rupee strengthened marginally and recovered from its all-time low against the US dollar on Tuesday, tracking firm domestic equities and fresh foreign fund inflows into the Indian capital market. Foreign Institutional Investors were net buyers in the capital markets on Monday, as they purchased shares worth Rs 724.27 crore, exchange data showed. Meanwhile, the appointment of the new Reserve Bank of India (RBI) Governor Sanjay Malhotra increased expectations of interest rate cuts next ye...
Rupee strengthens marginally against US dollar on Tuesday
Rupee strengthens marginally against US dollar on Tuesday
Source: Accord Fintech
2024-12-10 11:54:38 am
Nigerian government commits over 450 mln USD to natural gas initiative The Nigerian government has committed more than $450 million to the country's compressed natural gas (CNG) value chain since the launch of an ambitious initiative partly to address rising petrol or gasoline costs and promote cleaner energy.  This whopping sum of money was invested into creating CNG mother stations, daughter stations, refueling stations, and conversion centers that are springing up across the most populous African country, Tosin Coker, head of commercial for the Pr...
Nigerian government commits over 450 mln USD to natural gas initiative
Nigerian government commits over 450 mln USD to natural gas initiative
Source: IANS
2024-12-10 09:25:35 am
Dollar edges higher before CPI; Aussie steady as RBA decision looms The U.S. dollar edged to the highest level this month against the yen on Tuesday as traders looked ahead to a reading of U.S. inflation due the following day for further clues on the path of Federal Reserve policy. The Australian dollar held its ground heading into a central bank interest rate decision later in the day, after the currency rebounded on Monday from a four-month low. The U.S. dollar added 0.16% to 151.45 yen as of 0121 GMT, and earlier touched 151.55 for the first time sin...
Dollar edges higher before CPI; Aussie steady as RBA decision looms
Dollar edges higher before CPI; Aussie steady as RBA decision looms
Source: Reuters
2024-12-10 09:03:13 am
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday tracked by weak domestic equities and foreign fund outflows from the Indian capital markets with caution ahead of the US and domestic inflation readings this week. Foreign Institutional Investors offloaded Rs 1,830.31 crore in the capital markets on net basis on Friday, exchange data showed. Further, firm American currency against its major peers overseas and rising tensions in the Middle East following the overthrow of Syrian President Ba...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-09 11:53:29 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
National currencies real alternatives to the US dollar amid sanctions: Rosneft CEO The use of the US dollar as a sanctions instrument has limited its use in international trade, and national currencies, primarily the Chinese RMB, have become alternatives to it, Rosneft Chief Executive Officer Igor Sechin said.  The abuse of sanctions and the use of the dollar as a sanctions tool limited its application scope in international trade and provoked the search for alternatives, which became national currencies, primarily the yuan," Sechin said at the Doha Forum. T...
National currencies real alternatives to the US dollar amid sanctions: Rosneft CEO
National currencies real alternatives to the US dollar amid sanctions: Rosneft CEO
Source: IANS
2024-12-08 05:40:49 pm
Rupee strengthens against US dollar on Friday Indian rupee strengthened against the US dollar on Friday after Reserve Bank of India slashed the cash reserve ratio by 50 basis points to 4%, which has offset the RBI Monetary Policy Committee’s decision to keep the repo rate unchanged at 6.5%. Moreover, fresh foreign fund inflows also supported rupee sentiments. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 8,539.91 crore, exchange data showed. However, firm Ameri...
Rupee strengthens against US dollar on Friday
Rupee strengthens against US dollar on Friday
Source: Accord Fintech
2024-12-06 12:03:44 pm
Currency markets brace for US jobs report amid political turmoilt Major currencies remained jittery on Friday as markets awaited U.S. job data and considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea. The U.S. dollar briefly spiked against South Korea's won after local media reported that the nation's main opposition Democratic Party said lawmakers were on standby after receiving reports of another martial law declaration. The won was last ...
Currency markets brace for US jobs report amid political turmoilt
Currency markets brace for US jobs report amid political turmoilt
Source: Reuters
2024-12-06 09:02:56 am
Dollar retreat to boost rupee before RBI rate decision The Indian rupee is likely to open higher on Friday on the back of a decline in the dollar index, after which its direction will be dictated by the central bank's monetary policy review. The 1-month non-deliverable forward indicated that the rupee will open at 84.68-84.70 to the U.S. dollar, compared with 84.7325 in the previous session. The rupee's downtrend has halted over the last two sessions after the currency dropped to an all-time low of 84.7575 on Tuesday. The pause in f...
Dollar retreat to boost rupee before RBI rate decision
Dollar retreat to boost rupee before RBI rate decision
Source: Reuters
2024-12-06 08:56:51 am
Rupee strengthens against US dollar on Thursday Indian Rupee strengthened from its all-time low level against the US dollar on Thursday, tracking weakness in the American currency and foreign fund inflows. Foreign Institutional Investors were net buyers in the capital markets on Wednesday, as they purchased shares worth Rs 1,797.60 crore, exchange data showed. Meanwhile investors are awaiting the Reserve Bank of India's bi-monthly policy announcement tomorrow. The RBI is widely expected to keep policy rates unchanged for the 11th conse...
Rupee strengthens against US dollar on Thursday
Rupee strengthens against US dollar on Thursday
Source: Accord Fintech
2024-12-05 11:36:50 am
Rupee weakens marginally against US dollar on Wednesday Indian rupee weakened marginally against the US dollar on Wednesday, despite weakness in American currency and foreign inflows into capital market. Foreign Institutional Investors were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 3,664.67 crore, exchange data showed. Meanwhile a rise in crude in international markets, Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone have kept rupee under pressure. Investors are focusing on...
Rupee weakens marginally against US dollar on Wednesday
Rupee weakens marginally against US dollar on Wednesday
Source: Accord Fintech
2024-12-04 12:23:00 pm
Dollar holds ground as Fed path pondered; won stable after martial law lifted  The U.S. dollar recovered from a three-week low versus the yen on Wednesday and held its ground against other major rivals as traders pondered the chances of a Federal Reserve interest-rate cut this month. South Korea's won stabilised following its plunge to a two-year low on Tuesday and then a partial recovery after President Yoon Suk Yeol first unexpectedly declared martial law and then abruptly reversed the decision just hours later following a standoff with parliament. Dea...
Dollar holds ground as Fed path pondered; won stable after martial law lifted
Dollar holds ground as Fed path pondered; won stable after martial law lifted
Source: Reuters
2024-12-04 09:14:42 am
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday, driven by stronger American currency and unabated foreign portfolio outflows from the Indian capital market. Foreign Institutional Investors were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 238.28 crore, exchange data showed. Besides, weaker domestic macroeconomic indicators, geopolitical tensions, and US President-elect Donald Trump's threat of 100% tariff on Brics nations have also added pressure...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-12-03 11:35:00 am
Dollar rides high on flagging euro and yuan The dollar was buoyant on Tuesday as political turmoil in France undermined the euro, while tariff risks and weakness in China's economy pushed the yuan to a one-year low. The yen swam against the tide to trade near six-week peaks on growing bets that Japan is about to hike interest rates. The euro, which had been the weakest G10 currency through November, began this month with a 0.7% fall overnight and hovered at $1.0489 early in the Asia morning, as France's government heads f...
Dollar rides high on flagging euro and yuan
Dollar rides high on flagging euro and yuan
Source: Reuters
2024-12-03 09:10:16 am
Rupee weakens against US dollar on Monday Indian rupee weakened against the US dollar on Monday, tracking a negative trend in domestic equities and stronger American currency overseas after US President-elect Donald Trump threatened a 100% tariff on the BRIC bloc of nations if they act to undermine the US dollar. Moreover, slowing GDP growth numbers and unabated foreign portfolio outflows from the capital market have also added further strain on the domestic currency. Foreign Institutional Investors were net sellers in the capital ma...
Rupee weakens against US dollar on Monday
Rupee weakens against US dollar on Monday
Source: Accord Fintech
2024-12-02 11:30:08 am
Dollar edges higher amid rate, political uncertainty  The dollar crept higher on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates at home. The dollar also drew some verbal support from U.S. President-elect Donald Trump who on Saturday demanded that BRICS member countries commit to not creating a new currency or supporting another currency that could replace the dollar or face 100% tariffs. Political uncertainty in France...
Dollar edges higher amid rate, political uncertainty
Dollar edges higher amid rate, political uncertainty
Source: Reuters
2024-12-02 09:06:28 am
Rupee weakens against US dollar on Friday Indian rupee weakened against the US dollar on Friday, weighed down by significant foreign fund outflows from the Indian capital market, while dollar demand from importers and foreign banks also kept rupee under pressure. Foreign Institutional Investors offloaded Rs 11,756.25 crore in the capital markets on net basis on Thursday, exchange data showed. Investors are awaiting India's gross domestic product data for the July-September quarter due later on Friday. Meanwhile investors are also...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2024-11-29 11:31:46 am
India cenbank likely selling dollars to support rupee, traders say India's central bank was likely selling U.S. dollars on Friday to support the rupee near a key psychological support level of 84.50, four traders told Reuters. The rupee was at 84.49 as of 9:15 a.m. IST, compared to its previous close at 84.4850. State-run banks were spotted offering dollars near 84.50, levels, most likely on behalf of the Reserve Bank of India, the traders said. The rupee had weakened to its all-time low of 84.5075 last week. "While they (RBI) are active at...
India cenbank likely selling dollars to support rupee, traders say
India cenbank likely selling dollars to support rupee, traders say
Source: Reuters
2024-11-29 11:24:36 am
Yen surges to 150 per dollar amid growing BOJ rate hike bets  The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.S. Thanksgiving holiday, with sterling at the highest since Nov. 20. The euro edged back toward Wednesday's one-week high after recovering from a small decline in the previous session to end that day little changed. Ge...
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Yen surges to 150 per dollar amid growing BOJ rate hike bets
Source: Reuters
2024-11-29 09:03:25 am
Gold gains on softer US dollar, geopolitical concerns; set for weekly fall Gold prices rose on Friday, helped by a slight dip in the U.S. dollar and growing geopolitical tension, but remained on track for a weekly decline as markets awaited key U.S. data for further insights into the Federal Reserve's monetary policy direction. Spot gold rose 0.7% to $2,660.03 per ounce, as of 0236 GMT. However, bullion was down 2% so far this week. U.S. gold futures gained 0.8% to $2,659.70. The dollar index eased 0.2, boosting gold's appeal for holders of other cu...
Gold gains on softer US dollar, geopolitical concerns; set for weekly fall
Gold gains on softer US dollar, geopolitical concerns; set for weekly fall
Source: Reuters
2024-11-29 08:53:38 am
Rupee weakens against US dollar on Thursday Indian rupee weakened against the US dollar on Thursday weighed by sluggish domestic equities and firm American currency at overseas markets after the latest Federal Open Market Committee minutes revealed a significant shift in the Federal Reserve's outlook. Meanwhile concerns over geopolitical developments and US policy shifts also sparked caution among investors. However, RBI interventions and foreign fund inflows have limited further weakness in the domestic currency. Foreign Instituti...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-28 11:34:30 am
Euro jump, rising yen put brakes on the dollar The euro clung to its sharpest rise in four months on Thursday following hawkish remarks from a central bank policymaker, while the yen powered toward its strongest week in three months on growing bets Japan could hike interest rates in December. The moves stalled the dollar's resurgence ahead of what is likely to be thin trade through the rest of the week due to the U.S. Thanksgiving holiday. European Central Bank board member Isabel Schnabel told Bloomberg overnight that rate cuts...
Euro jump, rising yen put brakes on the dollar
Euro jump, rising yen put brakes on the dollar
Source: Reuters
2024-11-28 08:56:44 am
Asian stocks subdued, dollar drifts ahead of US Thanksgiving Asian shares were subdued on Thursday and the dollar was on the defensive after U.S. data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve could take next year. With the U.S. Thanksgiving holiday likely to keep trading thin for the rest of the week, traders remained hesitant in placing major bets. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.07% lower, with Japan's Ni...
Asian stocks subdued, dollar drifts ahead of US Thanksgiving
Asian stocks subdued, dollar drifts ahead of US Thanksgiving
Source: Reuters
2024-11-28 08:52:30 am