Page 12 - Dollar

Dollar jumps to six-week high in early trade on higher rate expectations

The latest data releases gave the US dollar a leg up, knocking sterling to a fresh six-week low of $1.1952 on Friday

Dollar hangs near five-week high as inflation data looms; yen slips

The risk-sensitive Australian and New Zealand dollars eased with Asian equities on worries that higher U.S. rates will choke growth. Sterling also retreated

Digi tool automation can fuel $1.4 trn of revenue, profit $282 bn: Infosys

Digital tools automation, talent diversity, and improving skill-sets among employees can drive up to USD 1.4 trillion in revenue and USD 282 billion in profit for companies, according to a latest study by IT major Infosys. The study titled 'Future of Work 2023' underscores how modern workplaces will see more hybrid working and digital engagement, enabling firms to build more diverse and creative teams. The survey revealed that shifting to a flexible, diverse, and digital work model is correlated with 7.7 percentage points higher profit growth, and 6.7 percentage points higher revenue growth. "According to the report, up to USD 1.4 trillion in revenue and USD 282 billion in new profit could be generated through digital tools automation, diversifying talent pool, and improving skills development among employees," according to Infosys statement, outlining the findings of the report. Retention of employees is critical, the study said, adding that the companies that increased their staf

Dollar flat after Fed official comments; focus on CPI data next week

The dollar index, which measures the US currency against six rivals, was 0.029% higher on Thursday at 103.460, having dropped nearly 0.3% in the previous session

Dollar climbs as Treasury yields pop on further US Fed rate hike forecasts

Markets were still reeling from the shock of Friday's jobs report, which showed that non-farm payrolls surged by an eye-watering 517,000 in January, well above expectations

Dollar bonds of Adani Group extend gains even after Moody's warning

The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday

US dollar climbs in early trade as central banks see inflation risks unwind

The pound slid 0.15% to a more than two-week low of $1.2206 in early Asia trade, after falling 1.2% in the previous session, its largest daily decline in a month

Global stocks dip, dollar falls as US Fed monetary policy decision looms

Investors have viewed a weaker labor market as a key component to bring down stubbornly high inflation

Oil prices rise as US recession fears over rate hikes ease, dollar weakens

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies

Rupee slides 43 paise on risk aversion ahead of Budget, Fed statement

Govt bond yields decline ahead of Budget statement as traders feel the fall in prices over the past week had been overdone

Gold set for third monthly rise on softer dollar, US Fed slowdown bets

Markets are pricing in a 25-basis-points hike (bps) by the Fed, after slowing its pace to 50 bps in December, following four straight 75-bp hikes

Dollar rises ahead of US Fed decision, but set for fourth monthly drop

The US dollar index, which gauges the currency against major peers, was up 0.31% at 102.56 on Tuesday

World stocks, dollar edge higher as economic data keeps US Fed on track

The euro slid 0.29% to $1.0857, just off from a nine-month high of $1.09295 it touched on Monday

Cash-strapped Pakistan's currency plunges to Rs 262.6 against US dollar

Cash-strapped Pakistan's currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6. At one stage the currency depreciated to Rs 265 in the open market and Rs 266 in the interbank before making a slight recovery by the end of the day. According to the State Bank of Pakistan, when the market opened on Friday the currency fell by Rs 7.17 or 2.73 per cent from Thursday's close. The Pakistani rupee's value has devalued by Rs 34 since Thursday in the interbank, the largest depreciation in both absolute and percentage terms since the new exchange rate system was introduced in 1999. The Pakistani rupee has depreciated sharply after the government removed an unofficial cap on the USD-PKR exchange rate to revive the stalled International Monetary Fund (IMF) loan programme. The government decision came on Thursday after the exchange companies announced the removal of a self-imposed rate cap in the open market. The country need

Dollar near eight-month low ahead of central bank meetings next week

The Fed's policy-setting committee will begin a two-day meeting next week, and markets have priced in a 25-basis-point interest rate hike

Rupee sheds 33 paise on persistent dollar purchases by oil companies

So far this week, the domestic currency has shed 0.7% against the greenback, making it among the weakest performing Asian units over the past few days

Dollar hovers near nine-month low against euro as yen bounces

Elsewhere, the dollar fell 0.4% to 130.18 yen, breaking a two-day rally

Rupee closes at 81.70 against dollar amid unabated foreign fund outflow

The rupee fell 28 paise to close as 81.70 (provisional) against the US dollar on Tuesday as unabated foreign fund outflow hit market sentiments. However, a weak dollar and fall in crude prices capped the losses in the local currency, forex traders said. At the interbank foreign exchange market, the rupee opened lower at 81.61 to a dollar against the previous close of 81.42. The local unit moved in a range of 81.43 to 81.76 during the day. On Monday, the rupee had declined by 25 paise to close at 81.42 against the US dollar. Meanwhile, the US dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.01 per cent to 102.15 amid concerns over US economic growth. The Brent crude was trading 0.41 per cent lower at USD 87.83 per barrel. On the domestic equity market front, the 30-share BSE Sensex ended almost flat at 60,978.75, up 37.08 points or 0.06 per cent. The broader NSE Nifty inched up 0.25 points to 18,118.30. Foreign Institutional Inve

Gold prices ease as dollar ticks up, but set for fifth weekly rise

The dollar rose 0.3% against its rivals, making gold more expensive for holders of other currencies

Dollar hovers around seven-month lows as economic storm clouds gather

Data on Friday showed Japan's core consumer prices in December rose 4.0% from a year earlier, double the central bank's 2% target