Page 22 - Currency Market

Dollar struggles after global central banks show their hands

After a turbulent week, the dollar index was little changed on the day

Afghan currency slides, prices surge as economic crisis worsens

The market remains volatile, and the devaluation is already impacting Afghans

Rupee plunges 40 paise to 20-month low against dollar on low risk appetite

The rupee had closed near this level on April 24, 2020, previously

Turkish Lira hits new low, dragging central bank to the rescue

The central bank announced its fourth market intervention in two weeks

Myanmar's anti-junta govt recognises Tether as its 'official' currency

The National Unity Government officially accepts Tether, a cryptocurrency meant to be a dollar proxy, for "domestic use"

China's central bank tightens control to restrain currency's rise

Commercial banks were ordered Thursday to increase the amount of their foreign currency deposits

US dollar edges higher as Omicron restrictions hurt risk sentiment

Investors were also awaiting U.S. inflation data on Friday that could set the tone for the Federal Reserve's strategy on interest rate hikes.

Indian rupee slips to 75.53 against US dollar on Omicron concerns

Unabated foreign fund outflows weighed on investor sentiments, traders said

Euro falls, Aussie jumps as currency market risk appetite picks up

LONDON (Reuters) -Monetary policy support in China and hopes that the Omicron variant of COVID-19 would be less severe than previously expected boosted currency market risk appetite on Tuesday, with the Australian dollar rebounding and the euro heading back towards 2021 lows.

Rupee surrenders gains to end flat as rising crude prices weigh

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.05 per cent at 96.37

Turkish inflation accelerates to highest level since 2018 on lira woes

Monthly inflation was 3.51 per cent, compared with the median estimate of 3 per cent in a separate survey

China's yuan firms despite weaker mid-point, but downward pressure builds

The strength comes even after the People's Bank of China set the midpoint rate at 6.3738 per dollar prior to market open.

Currency markets calm in potential Omicron 'eye of the storm'

The dollar barely budged against most rival currencies on a further risk-off day for markets broadly, with jittery equity markets in Europe opening lower

Yuan emerging as a strong benchmark for rupee, say currency dealers

While it hasn't been officially confirmed yet if RBI is intervening in currency market in tandem with the yuan, the market itself has been adjusting based on how China treats its currency

Rupee appreciates 22 paise to close at 74.46 against the US dollar

A weak American currency in the overseas market also helped the local unit, forex dealers said

Indian Rupee gains 19 paise to end at 74.68 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.06 per cent to 93.94

Indian Rupee gains 11 paise to end at 74.92 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.10 per cent to 93.89

Indian Rupee settles 9 paise lower at 75.35 against US Dollar

The rupee ended 9 paise lower at 75.35 (provisional) against the US dollar on Monday, tracking stronger greenback against key rivals overseas and rising global crude oil prices. At the interbank forex market, the local unit opened on a steady note and later traded in a narrow range of 75.24 to 75.38 against the American currency. On Thursday, the rupee had settled at 75.26 against the US dollar. The forex market was closed on Friday for Dussehra' holiday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.19 per cent at 94.12. Brent crude futures, the global oil benchmark, rose 1.11 per cent to USD 85.80 per barrel. On the domestic equity market front, the BSE Sensex surged 459.59 points or 0.75 per cent to end at 61,765.59; while the broader NSE Nifty jumped 138.50 points or 0.76 per cent to settle at 18,477.05. Foreign institutional investors remained net buyers in the capital market on Thursday, as they purchased sha

Dollar looks set to end week down, yen nears a 3-year low

Global stock markets have rallied this week as fears about a stagflationary economy have been eased by forecast-beating corporate earnings in the United States.

China's regulators tighten scrutiny of forex dealers, say sources

The moves follow recent efforts at curtailing financial risks that include dampening commodity price rises, banning cryptocurrency transactions and restricting property speculation