Page 24 - Dollar

Euro soars after Lagarde points to rate hikes, dollar extends slide

The euro was the big gainer, adding as much as 1.1% to $1.0687. It has now risen 3.3% since hitting a multi-year low of $1.0349 on May 13.

FMCG, paint companies feel the pain as rupee slides to an all-time low

The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes

Dollar catches a break after bruising week as investors turn risk averse

The dollar rose 0.3% against the euro as US stocks tumbled on Friday, putting the S&P 500 Index on the verge of confirming it has been in a bear market since hitting a record high in January.

Infra, cement cos feel pinch of falling rupee, realty counts on more sales

Despite rise in interest rates and property prices, momentum in housing demand expected to stay, say developers; infra, cement companies remain circumspect

NFTs, Metaverse prices follow crash of cryptos; innovations finding favour

But market is filtering out non-worthy assets

Gold prices subdued by strong US retail sales, aggressive rate hike bets

U.S. retail sales increased strongly in April suggested demand was holding strong despite high inflation and assuaged some fears that the economy was heading into recession

Gold firms in narrow range as dollar backs off further from two-decade high

"Gold is behaving less like an arrow and more like a feather. It's drifting a little this way, and a little that way on the winds that drive markets," independent analyst Ross Norman said.

Golds ticks up as dip in US yields loosens dollar's grip; palladium up 3%

The dollar inched lower, but still held near a two-decade peak, making gold expensive for overseas buyers. [USD/]

Dollar slips from 2-decade highs; yuan falls on account of weak China data

Following the release of China's data, Bipan Rai, North America head of FX Strategy at CIBC Capital Markets, said trading was focused on macro economic data

Gold prices decline to 14-week low as dollar strength slams demand

Earlier in the session, gold prices dropped 1.4% to their lowest level since Jan. 31 at $1,786.60. On Friday, they posted their fourth consecutive weekly decline.

Crypto collapse intensifies as stablecoin Tether slides below dollar peg

The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap

World stocks in a tailspin, dollar soars as hard landing fears grow

LONDON (Reuters) - Shares sank to a 1-1/2 year low on Thursday and the dollar hit its highest in two decades, as fears grew that fast-rising inflation will drive a sharp rise in interest rates that brings the global economy to a standstill.

Dollar hits two-decade high, rattled investors plump for safe haven

LONDON (Reuters) - The dollar rose to fresh two-decade highs on Thursday as concerns that tighter monetary policies to tame surging inflation will hurt the global economy dampened risk sentiment and drove investors into the safe-haven currency.

Dollar hovers near two-decade high of 103.92 as US inflation moderates

The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists

Currency woes: FPIs take deeper cuts in portfolios than domestic players

Domestic buyers are increasing their stakes even as foreign investors have been exiting, noted an April 27 India Equity Strategy Report by Morgan Stanley

US oil dips below $100 pressured by economic worries, strong dollar

Wall Street's main indexes also turned lower in volatile trading on concerns over aggressive monetary tightening and slowing economic growth.

China's currency hits 18-month low against dollar, falls to 6.7134

China's Yuan hit the lowest mark against the US dollar in the last 18 months on Tuesday, falling to 6.7134 against the dollar, the lowest figure since October 30, 2020.

Gold firms as dollar rally pauses; focus on US inflation reading

The dollar was steady after touching a 20-year high on Monday, while benchmark 10-year U.S. Treasury yields were off 3-1/2-year peaks. [USD/] [US/]

Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown

The dollar's gains were set against sliding stockmarkets and sent it ahead against other havens, commodity currencies and emerging market currencies alike

Ex-Pak FM Ishaq Dar advises govt to renegotiate IMF bailout package

"We have to run the country and not ruin it by taking dictations," said the former Finance Minister, reported Geo News