Page 11 - Dollar
Global currencies stabilise amid Central bank decision uncertainty
Japan's yen was one of the bigger movers, heading away from Friday's 148.80 per dollar, its weakest in a month, to as firm as 147.74, as the Bank of Japan started its two-day policy meeting
 "Global currencies stabilise amid Central bank decision uncertainty")
Dollar flat after mixed US data, on pace for best weekly gain since July
For the week, the dollar gained 1.1%, on pace for its best weekly rise since mid-July
 "Dollar flat after mixed US data, on pace for best weekly gain since July")
Dollar dips across board as traders stay fixed on US rate cuts next year
The dollar index, which measures the U.S. currency against six rivals, fell to a fresh five-month low of 100.61. The index is on course for a 2.7% decline this year
 "Dollar dips across board as traders stay fixed on US rate cuts next year")
Dollar edges lower as investors wait on clues over Fed rate-cut prospects
The greenback is on track to post its worst performance since 2020 against a basket of currencies as anticipation of Fed rate cuts dents the appeal of the U.S. currency relative to peers
 "Dollar edges lower as investors wait on clues over Fed rate-cut prospects")
Foreign exchange reserves rise by $9 bn in week to 20-month high at $616 bn
Gold reserves rose by $446 million in the previous week, whereas Special Drawing Rights (SDRs) increased by $135 million
 "Foreign exchange reserves rise by $9 bn in week to 20-month high at $616 bn")
Yen clings on to gains ahead of key BOJ decision; dollar slips (Updated)
The recent burst of risk appetite has given the Australian and New Zealand dollars in particular a leg up, with both nudging towards five-month highs on Monday.
 "Yen clings on to gains ahead of key BOJ decision; dollar slips (Updated)")
Dollar hits 4 month low as Fed signals rate cuts, NOK stronger after hike
Fed Chair Jerome Powell said at Wednesday's Federal Open Market Committee (FOMC) meeting that the historic tightening of monetary policy is likely over
Rupee falls 4 paise against US dollar due to muted domestic trend
Forex traders said a muted trend in domestic equities also weighed on the local unit, while a correction in oil prices provided support to the currency
 "Rupee falls 4 paise against US dollar due to muted domestic trend")
Samvat 2080: Start of a new year signals better prospects for bonds, rupee
Foreign inflows expected after index inclusion; rate cuts on the horizon
 "Samvat 2080: Start of a new year signals better prospects for bonds, rupee")
Dollar gains against euro as Fed, Middle East conflict stay in focus
The dollar is also benefiting from safe haven demand on concerns over the conflict in the Middle East
 "Dollar gains against euro as Fed, Middle East conflict stay in focus")
With dollar sales, RBI prevents rupee from hitting all time low: Report
Dealers estimate that state-run banks sold approximately $500 million on behalf of the RBI
 "With dollar sales, RBI prevents rupee from hitting all time low: Report")
Rupee weakens 17 paisa against the US dollar, settles at Rs 83.21
The rupee settled at Rs 83.21 per US dollar on Monday, against Rs 83.04 a dollar on Wednesday
 "Rupee weakens 17 paisa against the US dollar, settles at Rs 83.21")
Despite choppy Q2, rupee shines bright in Asia in first half of FY24
After a steady first quarter, the currency came under pressure in the second quarter following a rise in US yield and rising crude oil prices towards the end of September
 "Despite choppy Q2, rupee shines bright in Asia in first half of FY24")
Dollar pulls back from highest level since Nov, heat still on yen, euro
The dollar index, which tracks the unit against six other majors, was down 0.3% on the day at 106.3, though it was still on track for an 11th straight week of gains
 "Dollar pulls back from highest level since Nov, heat still on yen, euro")
Dollar near six-month high before key central bank interest rate decisions
The euro was up 0.1% against the dollar at $1.0667. the yen was up a similar amount at 147.69 to the dollar, with traders out for a Japanese public holiday
 "Dollar near six-month high before key central bank interest rate decisions")
Rupee settles near an all-time closing low as trade deficit widens
The surplus liquidity in the banking system fell to Rs 2,696 crore on Thursday ahead of the second tranche of Incremental Cash Reserve Ratio (I-CRR) disbursement on September 23
 "Rupee settles near an all-time closing low as trade deficit widens")
Dollarisation of a different kind
Extraordinary times require extraordinary measures. Hence, the proposed dollarisation in Argentina
 "Dollarisation of a different kind")
Rupee settles off-highs as oil companies buy dollars in domestic market
However, the rupee gave up early gains as oil companies bought dollars in the domestic market after Brent crude oil rose to $87 per barrel in international markets
Pak rupee ends at record low of 305.5/$ on eased import restrictions
Pakistan imposed import restrictions from 2022 to stem outflows from its shrinking foreign reserves
 "Pak rupee ends at record low of 305.5/$ on eased import restrictions")
Rupee slips to 10-month low on dollar strength, RBI likely capped losses
The rupee ended at 82.9500 to the U.S. currency compared with a previous close of 82.8450
 "Rupee slips to 10-month low on dollar strength, RBI likely capped losses")