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Dollar eases as Biden ends re-election bid; yuan weakens after rate cut The dollar eased slightly on Monday as investors gauged the implications of U.S. President Joe Biden's decision to end his re-election campaign and clear the way for another Democrat to challenge Donald Trump. China's yuan weakened after the central bank's surprise decision to cut a key interest rate. The China-sensitive Australian dollar also fell, reversing an earlier advance. The U.S. currency slipped 0.03% to 157.435 yen, while the euro gained 0.07% to $1.0891 and sterli...
Dollar eases as Biden ends re-election bid; yuan weakens after rate cut
Dollar eases as Biden ends re-election bid; yuan weakens after rate cut
Source: Reuters
2024-07-22 09:05:37 am
Rupee ticks up after weaker yuan triggers fall to record low The Indian rupee inched higher on Friday recovering from a decline to its lifetime low in the previous session that was spurred by weakness in the Chinese yuan and likely dollar outflows. The rupee was at 83.61 against the U.S. dollar as of 10:00 a.m. IST, up from its previous close at 83.6525. The currency fell to a record low of 83.6650 on Thursday. The offshore Chinese yuan fell to 7.29 on Friday, its lowest in seven months, after a lower central bank guidance for the currency on Thu...
Rupee ticks up after weaker yuan triggers fall to record low
Rupee ticks up after weaker yuan triggers fall to record low
Source: Reuters
2024-06-21 11:43:16 am
Rupee likely to struggle on weak yuan, portfolio outflows worries The Indian rupee is likely to drop at open on Monday, pressed by the decline in the Chinese yuan and the possibility that election uncertainties may spur more portfolio outflows. Non-deliverable forwards indicate the rupee will open at 83.54-83.55 to the U.S. dollar, compared with 83.50 in the previous session. The rupee is within a spitting distance of the all-time low of 83.5750. The Reserve Bank of India (RBI) has likely been intervening to help the domestic currency. "And ye...
Rupee likely to struggle on weak yuan, portfolio outflows worries
Rupee likely to struggle on weak yuan, portfolio outflows worries
Source: Reuters
2024-05-13 09:11:05 am
Rupee may see relief on dollar pullback; upside largely capped The Indian rupee is expected to open marginally higher on Wednesday after the U.S. dollar retreated from a more than four-month high. Traders, however, said that the upside was likely to be limited after the opening uptick. Non-deliverable forwards indicate rupee will open at around 82.35 to the dollar compared to 82.3850 previous close. The dollar index pulled back slightly from a more than four-month high of 105.10 hit on Monday, while the offshore Chinese yuan recovered to 7.2426....
Rupee may see relief on dollar pullback; upside largely capped
Rupee may see relief on dollar pullback; upside largely capped
Source: Reuters
2024-04-03 09:08:39 am
Yen hits 34-yr low ahead of key US inflation test The dollar climbed on Wednesday in the wake of more strong U.S. economic data, nudging the Japanese yen to a 34-year low and into the zone that drew official market intervention in 2022. The yen traded at 151.97 per dollar in the Asia session, down about 0.2% and weaker than 151.94 where Japanese authorities stepped in during October 2022 to buy the currency and its weakest level since the middle of 1990. For the quarter ending later this week the yen is the worst-performing major, down...
Yen hits 34-yr low ahead of key US inflation test
Yen hits 34-yr low ahead of key US inflation test
Source: Reuters
2024-03-27 09:00:08 am
Rupee may face some pressure as weaker yuan weighs on Asian FX The rupee is likely to open flat on Wednesday, although the Indian currency may face some pressure on the back of a decline in the offshore Chinese yuan that dragged most Asian currencies lower. Non-deliverable forwards indicate rupee will open largely unchanged from its close at 83.28 against the U.S. dollar on Tuesday. The dollar index edged higher to 104.4, while the offshore Chinese yuan was down 0.1% at 7.25. The Japanese yen also fell 0.2% to 151.88, its weakest level since 1990. ...
Rupee may face some pressure as weaker yuan weighs on Asian FX
Rupee may face some pressure as weaker yuan weighs on Asian FX
Source: Reuters
2024-03-27 08:51:10 am
Rupee likely to recover slightly after fall to record low, all eyes on RBI The Indian rupee is likely to open mildly higher on Tuesday after slumping to a record low last week, with traders keeping a close eye on possible intervention from the Reserve Bank of India (RBI) to curb pressure on the local unit. Non-deliverable forwards indicate the rupee will open at around 83.39-40 to the U.S. dollar compared with its close of 83.4250 on Friday. Indian financial markets were shut on Monday for a local holiday. The rupee fell to a historical low of 83.43 in the clo...
Rupee likely to recover slightly after fall to record low, all eyes on RBI
Rupee likely to recover slightly after fall to record low, all eyes on RBI
Source: Reuters
2024-03-26 08:53:23 am
Stocks hemmed in by rate risks; yuan wobbles Asian equities climbed on Tuesday but could not break this month's highs as mixed messages from U.S. Federal Reserve policymakers left doubts hanging over the timing of interest rate cuts. The risk of Japan intervening to prevent further falls in the yen put a little pressure on the dollar, however it rose against the yuan on speculation that China may tolerate a weaker currency. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, with gains for South Korean ch...
Stocks hemmed in by rate risks; yuan wobbles
Stocks hemmed in by rate risks; yuan wobbles
Source: Reuters
2024-03-26 08:49:11 am
Emerging market currencies to gain steadily in the near-term Most emerging market currencies will struggle to recoup this year's losses against the dollar in coming months as expectations for aggressive rate cuts from the U.S. Federal Reserve diminish, a Reuters poll of FX strategists found. After ending 2023 on a positive note, the rally in the emerging market currency basket has ran out of steam and was down 1.2% for the year, hurt by higher U.S. Treasury yields. Better than expected U.S. economic data and hawkish comments from Fed policyma...
Emerging market currencies to gain steadily in the near-term
Emerging market currencies to gain steadily in the near-term
Source: Reuters
2024-02-07 02:04:54 pm
Rupee eyes yuan rally, uptick in US Treasury yields  The Indian rupee is expected to open nearly unchanged on Thursday amid a rally in the Chinese yuan and an uptick in U.S. Treasury yields ahead of U.S. growth data. Non-deliverable forwards indicate the rupee will open in the range of 83.12-83.14 to the U.S. dollar, compared with its previous closing of 83.1225. Following the "bit of excitement", USD/INR is now back to a narrow intraday range of 6-10 paisa, a foreign exchange trader at a bank said. "We are back to...
Rupee eyes yuan rally, uptick in US Treasury yields
Rupee eyes yuan rally, uptick in US Treasury yields
Source: Reuters
2024-01-25 08:49:49 am