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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
Dollar eases after hitting highest in two weeks, US job data looms The dollar edged down on Monday but remained within striking distance of its highest level in almost two weeks as investors' focus moved to a U.S. jobs report due at the end of this week. U.S. payrolls, due on Friday, will be crucial after Federal Reserve chair Jerome Powell pivoted from a battle against inflation to a readiness to protect against job losses. Analysts say the job figures will determine the magnitude of the Federal Reserve's expected rate cut. Markets have alread...
Dollar eases after hitting highest in two weeks, US job data looms
Dollar eases after hitting highest in two weeks, US job data looms
Source: Reuters
2024-09-02 08:50:01 am
Dollar inches up ahead of Powell testimony; euro steady after French vote The U.S. dollar edged higher on Tuesday from its lowest levels in almost a month versus major peers in the previous session, as traders awaited testimony from Federal Reserve Chair Jerome Powell days after an unexpectedly soft U.S. jobs report. The euro held its ground after Monday's sharp swings as investors came to terms with a hung parliament in France, which points to a potential political gridlock, but lessens fiscal concerns stemming from outright far-right or leftist victories. ...
Dollar inches up ahead of Powell testimony; euro steady after French vote
Dollar inches up ahead of Powell testimony; euro steady after French vote
Source: Reuters
2024-07-09 09:09:11 am
Euro rises after France's first-round vote, yen struggles The euro rose on Monday after the first round of France's snap election put the far-right in pole position, though by a smaller margin than projected, while a downgrade to Japan's first-quarter growth figures knocked the yen lower. Marine Le Pen's far-right National Rally (RN) party won the first round of France's parliamentary elections on Sunday, exit polls showed, although analysts noted the party won a smaller share of the vote than some polls had initially projected. ...
Euro rises after France's first-round vote, yen struggles
Euro rises after France's first-round vote, yen struggles
Source: Reuters
2024-07-01 09:20:14 am
Yen falls after dovish BOJ; euro limps towards weekly loss The yen fell to an over one-month low on Friday after the Bank of Japan (BOJ) stood pat on rates and said it would trim bond buying in the future, while the euro, mired in political turmoil, was headed for a weekly loss. Defying market expectations, the BOJ said at the conclusion of its two-day policy meeting it would continue to buy government bonds at the current pace and would only lay out details of its tapering plan for the next one to two years at its July policy meeting. Markets ...
Yen falls after dovish BOJ; euro limps towards weekly loss
Yen falls after dovish BOJ; euro limps towards weekly loss
Source: Reuters
2024-06-14 08:52:56 am
Euro slips to one-month low as Macron calls French election The euro fell on Monday as the French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right, while the dollar was steady ahead of the Federal Reserve meeting later in the week. The euro fell to $1.0764, its lowest since May 9, in early trading in Asia. It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. Eu...
Euro slips to one-month low as Macron calls French election
Euro slips to one-month low as Macron calls French election
Source: Reuters
2024-06-10 09:35:10 am
Euro firms ahead of ECB decision, yen perks up The euro firmed a touch on Thursday ahead of the European Central Bank's (ECB) policy meeting, where traders will focus on rate setters' remarks on their future path as a cut at this meeting is a done deal. Central banks were in focus, as they have tended to be in recent months, with the Canadian dollar firming a little after having weakened into the Bank of Canada's Wednesday meeting when it cut its key policy interest rate as widely expected. The currency was last at C$1.3679...
Euro firms ahead of ECB decision, yen perks up
Euro firms ahead of ECB decision, yen perks up
Source: Reuters
2024-06-06 02:00:19 pm
Dollar steady ahead of inflation data; euro eases on ECB rate cut hopes  The U.S. dollar held firm on Friday after rising overnight, as traders weighed how domestic GDP data that surprised to the upside would impact the Federal Reserve's rate path and awaited key inflation data later in the day. The euro, meanwhile, was on the backfoot following the European Central Bank's (ECB) latest monetary policy meeting on Thursday which held interest rates at a record-high 4%. In the United States, official data on advance GDP estimate showed gross domes...
Dollar steady ahead of inflation data; euro eases on ECB rate cut hopes
Dollar steady ahead of inflation data; euro eases on ECB rate cut hopes
Source: Reuters
2024-01-26 11:01:59 am
Euro sags, yen jumps as investors bet on BOJ shift The euro grazed a three-week low on Thursday, driven by mounting expectations that the European Central Bank (ECB) may cut rates as early as March, while the prospect of a shift in Japanese policy gave the yen its biggest one-day boost since January. The euro is heading for its biggest weekly fall since May, fuelled by a dramatic repricing of interest rate expectations for 2024, although caution around Friday's U.S. non-farm payrolls has kept trading volatility subdued. Falling infl...
Euro sags, yen jumps as investors bet on BOJ shift
Euro sags, yen jumps as investors bet on BOJ shift
Source: Reuters
2023-12-07 02:43:26 pm
Gold softens on caution ahead Fed`s policy decision Gold prices started November lower on Wednesday as cautious investors awaited U.S. Federal Reserve's policy decision, after the Middle-East worries led to a strong safe-haven rally last month and pushed prices above $2,000. FUNDAMENTALS * Spot gold fell 0.2% to $1,979.71 per ounce by 0125 GMT and U.S. gold futures dropped 0.3% to $1,988.70. * Spot gold posted a 7.3% jump in October after prices accelerated over the $2,000 threshold last week from their lowest in seven months at $...
Gold softens on caution ahead Fed`s policy decision
Gold softens on caution ahead Fed`s policy decision
Source: Reuters
2023-11-01 09:09:31 am
Siemens Energy weighs sale of stake in Indian firm to Siemens Siemens Energy is considering selling a part of its 24% stake in Indian-listed Siemens Ltd to former parent Siemens AG to shore up its balance sheet, two people familiar with the matter said. The stake is currently worth around $3.4 billion and a partial sale would be a quick way for the German maker of wind and gas turbines to strengthen its capital base as talks with Berlin and Siemens over guarantees for performance bonds continue. Shares in Siemens Ltd were down around 4% at 0512 GM...
Siemens Energy weighs sale of stake in Indian firm to Siemens
Siemens Energy weighs sale of stake in Indian firm to Siemens
Source: Reuters
2023-10-31 11:18:49 am
Dollar holds near 150 yen as central bank policy, data deluge awaited The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a policy decision by the Bank of Japan later in the week, alongside other major central bank meetings and a slew of economic data releases globally. The BOJ kicks off its two-day monetary policy meeting on Monday, leading a week which will also see interest rate decisions from the U.S. Federal Reserve and the Bank of England. A PMI data deluge, inflation figures in the euro zone and U...
Dollar holds near 150 yen as central bank policy, data deluge awaited
Dollar holds near 150 yen as central bank policy, data deluge awaited
Source: Reuters
2023-10-30 09:05:36 am
Dollar eyes weekly gain as US economy stays robust The dollar was headed for a weekly gain on Friday, aided by solid U.S. growth figures that bolstered the case for higher-for-longer interest rates, while the yen hovered on the weaker side of 150 per dollar ahead of a key policy meeting next week. The U.S. economy grew at its fastest pace in nearly two years in the third quarter as higher wages from a tight labor market helped to power consumer spending, data on Thursday showed. That added to bets the Federal Reserve is likely to keep m...
Dollar eyes weekly gain as US economy stays robust
Dollar eyes weekly gain as US economy stays robust
Source: Reuters
2023-10-27 08:54:09 am
Asia shares wary on Middle East as tech earnings loom Asian shares drifted lower on Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.Washington warned over the weekend of a significant risk to U.S. interests in the region as ally Israel pounded Gaza and clashes on its border with Lebanon intensified.The European Central Bank and Bank of Canada also hold policy meetings and, while no hikes are expec...
Asia shares wary on Middle East as tech earnings loom
Asia shares wary on Middle East as tech earnings loom
Source: Reuters
2023-10-23 09:28:52 am
Frail yen grazes 150 again as anxiety mounts over Middle East Japan's yen took the spotlight in Asia on Monday, weakening to the 150-per-dollar level, but just briefly, as investors betting on a further rise in dollar yields lost out to those expecting Japanese authorities will intervene in markets.The risk of Israel's war on the Islamist group Hamas becoming a wider regional conflict kept markets on edge, as Israeli air strikes battered Gaza early on Monday, and the United States dispatched more military assets to the region.U.S. Treasuries were subdue...
Frail yen grazes 150 again as anxiety mounts over Middle East
Frail yen grazes 150 again as anxiety mounts over Middle East
Source: Reuters
2023-10-23 09:06:04 am
Yuan leads rally in Asian currencies on China`s economic bounce Asian currencies caught a boost from better-than-expected Chinese economic data on Wednesday, driving the yuan to a one-week high and putting a dampener on the U.S. dollar which has rallied for weeks on end as U.S. yields have climbed.A blast at a Gaza hospital also kept moves modest and traders on edge at the prospect of a widening conflict. U.S. President Joe Biden is due to visit Israel on Wednesday. The shekel was pinned to the weaker side of 4-per dollar.Official data showed China's econ...
Yuan leads rally in Asian currencies on China`s economic bounce
Yuan leads rally in Asian currencies on China`s economic bounce
Source: Reuters
2023-10-18 09:05:11 am
Exports of software services by Indian firms rise by 18.4% in 2022-23: RBI Survey The Reserve Bank of India (RBI) in its latest survey report has showed that exports of software services by Indian companies (excluding their sales through overseas commercial presence) increased by 18.4 per cent during 2022-23 to $185.5 billion. It also noted that computer services accounted for over two-thirds of total software services exports during the year; BPO services remained the main component of ITES exports.As per the survey on ?Computer Software and Information Technology Enabled...
Exports of software services by Indian firms rise by 18.4% in 2022-23: RBI Survey
Exports of software services by Indian firms rise by 18.4% in 2022-23: RBI Survey
Source: Accord Fintech
2023-10-13 12:58:09 pm
Dollar loses steam ahead of Fed meeting minutes, US inflation test The dollar dipped broadly on Wednesday, tracking a slide in U.S. Treasury yields weighed down by dovish Federal Reserve comments, as traders looked to the central bank's policy meeting minutes out later in the day for clues on its interest rate outlook.A slew of Fed officials have signalled in recent days that the U.S. central bank may not need to tighten monetary policy much further than initially thought.Atlanta Fed Bank President Raphael Bostic said on Tuesday the central bank did not need...
Dollar loses steam ahead of Fed meeting minutes, US inflation test
Dollar loses steam ahead of Fed meeting minutes, US inflation test
Source: Reuters
2023-10-11 09:07:01 am
Dollar slips as dovish Fed speak dials down rate expectations The dollar softened on Tuesday along with U.S. interest rate expectations and a fall in Treasury yields as investors detected a slight dovish shift in Federal Reserve officials' tone.The yen held small gains as violence in the Middle East supported buying of safe-haven assets, and last traded firmly at 148.34 per dollar. The Swiss franc has also gained and was edging higher at 0.9045 to the dollar.The euro was up 0.1% in early Asia trade to $1.0580. The Israeli shekel steadied at 3.95 to the ...
Dollar slips as dovish Fed speak dials down rate expectations
Dollar slips as dovish Fed speak dials down rate expectations
Source: Reuters
2023-10-10 09:03:37 am
Euro gains; yen flounders ahead of central bank bonanza The euro clung to gains on Tuesday following hawkish comments from European Central Bank (ECB) policymakers, while the yen languished near a 10-month low ahead of a key rate decision from the Bank of Japan (BOJ) later in the week.Currency moves were subdued in early Asia trade as markets stayed on guard ahead of this week's slew of central bank meetings, with the Federal Reserve taking centre stage and the BOJ grabbing the spotlight in Asia.The euro eked out a slight gain to trade at $1.0695,...
Euro gains; yen flounders ahead of central bank bonanza
Euro gains; yen flounders ahead of central bank bonanza
Source: IANS
2023-09-19 10:08:30am
Quote on Currency : Euro falls post the ECB policy, committee hints at fewer rate hikes Says Heena Naik, Angel One Ltd Below the quote on ``Currency`` by Heena Naik- Research Analyst - Currency, Angel One Ltd The ECB has hiked interest rates by 25 basis points after the Governing Council?s assessment of the inflation outlook in light of the incoming economic and financial data.According to the policy statement, the inflation has continued to decline but is still expected to remain high for too long.The Governing Council is determined to ensure that inflation returns to its 2...
Quote on Currency : Euro falls post the ECB policy, committee hints at fewer rate hikes Says Heena Naik, Angel One Ltd
Quote on Currency : Euro falls post the ECB policy, committee hints at fewer rate hikes Says Heena Naik, Angel One Ltd
Source: Angel One Ltd
2023-09-15 09:57:48am
Key Highlights from the report regarding the Euro`s performance by Amit Gupta, Kedia Advisory Euro's Weakest Level: The euro (EUR) has been trading at around $1.07, marking its weakest level in three months. Investors are exercising caution ahead of the highly anticipated ECB meeting scheduled for Thursday. ECB Inflation Expectations: A Reuters report has suggested that the ECB anticipates inflation to remain above 3% next year. This has raised market expectations of an ECB interest rate hike during this week's meeting, despite signs of economic weakness in the Eurozone. Rat...
Key Highlights from the report regarding the Euro`s performance by Amit Gupta, Kedia Advisory
Key Highlights from the report regarding the Euro`s performance by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2023-09-13 03:37:37pm