Page 48 - Us Dollar

Rupee falls 0.2% hits 13-week low, weighed down by strength in dollar

Indian rupee hit a 13-week low, weighed down by broad strength in the dollar, while markets looked for developments on the U.S. debt ceiling and trajectory of rate hikes in the world's largest economy

Wall Street gains, dollar climbs on solid data, debt ceiling progress

The three major U.S. stock indexes initially wavered but soon gathered strength, with tech shares putting the Nasdaq out front

Traders bet on rate cuts, dollar rises with US debt default risk in focus

SINGAPORE/LONDON (Reuters) - The dollar rose on Wednesday, benefiting from its status as a safe-haven amid the risk of a U.S. debt default and as traders trimmed bets on imminent Federal Reserve rate cuts following solid consumer spending data in the United States.

How US banks, Fed are prepping for default and the chaos which might follow

A severe and prolonged global economic recession would be all but guaranteed, and the reputation of the US and the dollar as beacons of stability and safety would be further tarnished

US investors eye gold, treasuries, Bitcoin as debt-limit default risk peaks

Traditional haven currencies like the Japanese yen and the Swiss franc had some fans, but each were less popular than the US dollar or, perhaps more strikingly Bitcoin

US dollar hits 300 rupees barrier amidst protests in cash-strapped Pakistan

For the first time in Pakistan's history, the US dollar on Thursday hit the 300 rupees barrier against the local currency in the interbank as well as the open market as the cash-strapped country faced political turmoil following the arrest of former prime minister Imran Khan. The Pakistani rupee has taken a big hit since Tuesday as violent protests broke out in different parts of the country following the arrest of Khan in a corruption case.

Sterling trims drop after BoE hike, China's data sends dollar higher

The BoE raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday as expected by a Reuters poll, taking borrowing costs to their highest since 2008

Rupee appreciates by 8 paise to 81.70 against US dollar in early trade

The rupee gained 8 paise to 81.70 against the US dollar in early trade on Monday tracking the weakness of the American currency in the overseas market. Forex traders said significant foreign fund inflows and crude oil prices below USD 75 a barrel also supported the local unit. At the interbank foreign exchange, the domestic unit opened strong at 81.76 against the dollar and then rose to 81.70, registering a rise of 8 paise over its previous close. On Thursday, the rupee closed at 81.78 against the US currency. The forex market was shut on Friday on account of Buddha Purnima. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07 per cent to 101.14. Brent crude futures, the global oil benchmark, advanced 0.07 per cent to USD 75.35 per barrel. Rupee is likely to remain range bound as RBI intervened from both sides, Finrex Treasury Advisors LLP Head of Treasury Anil Kumar Bhansali said. "Forex reserves moved towards USD 589

Freezing of Russian Cen bank assets a turning point for dollar's dominance

In the late 1970s, 85 per cent of world foreign exchange reserves was denominated in dollars

Rupee appreciates by 10 paise to 81.72 against US dollar in early trade

The rupee gained 10 paise to 81.72 against the US dollar in early trade on Tuesday tracking a weak American currency and a firm trend in domestic equities. Forex traders said significant foreign fund inflows and crude oil prices below USD 80 a barrel also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.75 against the dollar and then climbed to 81.72, registering a rise of 10 paise over its previous close. On Friday, the rupee closed at 81.82 against the US currency. Forex and equity markets were closed on Monday on account of 'Maharashtra Day'. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.12 per cent to 102.03. Brent crude futures, the global oil benchmark, advanced 0.15 per cent to USD 79.43 per barrel. Forex traders said investors are waiting for cues from the paramount US FOMC meeting beginning later in the day. Market now awaits the Federal Open Market Committee (FOMC

Rupee rises 1 paisa to 82 against US dollar in Tuesday's early trade

The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities. Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit. At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar. It went as high as 81.96 and touched the lowest level of 82.02. Later, the rupee was trading at 82, registering a gain of 1 paisa over its previous close. On Monday, the rupee settled at 82.01 against the dollar. According to Anand James, Chief Market Strategist at Geojit Financial Services, the Indian currency may see a see-saw movement until it reaches the 81.76 level, indicating an upswing. "As long as dips do not extend past 81.80, expect upswings. It would however require consistent trades above 81.97 to confirm upside intention and set trajectory towards 82.07 first and then 82.4. "Alternatively, inab

Rupee appreciates 18 paise to 81.93 against US dollar in early trade

The rupee gained 18 paise to 81.93 against the US dollar in early trade on Thursday tracking the broad weakness of the American currency in the overseas market. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.99 against the dollar, then climbed to 81.93, registering a rise of 18 paise over its previous close. On Wednesday, the rupee closed at 82.11 against the US currency. "Overall USDINR has strong support around 81.75-80 levels, as the RBI is intervening to protect from steep appreciation. Adding to it, the ongoing geopolitical concerns and Fed's hiking process are likely to weigh on investor sentiment and the USDINR could bounce back to 82.50-82.80 levels," CR Forex Advisors MD-Amit Pabari said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 101.55. Brent crude futures, the global oil benchmark, declined 0.22 per

Rupee edges up as dollar softens ahead of US inflation data, Fed minutes

The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the previous session

Dollar dips ahead of key US inflation data, possible Fed rate hikes

The US dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes

Rupee seen flat at 82 for $1; US yields, importers hedging in focus

The Indian rupee is likely to open little changed to the U.S. currency on Tuesday, with traders assessing the outlook for U.S. yields and keeping a watch on importers' demand for the greenback

Rupee appreciates 24 paise to 81.78 against US dollar in early trade

The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday tracking a positive trend in domestic equities and foreign fund inflows. At the interbank foreign exchange, the domestic unit opened at 81.90 against the dollar, then climbed to 81.78, registering a rise of 24 paise over its previous close. On Thursday, the rupee closed at 82.02 against the US currency. On April 7, equity and forex markets were closed on account of Good Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 102.20. Brent crude futures, the global oil benchmark, declined 0.22 per cent to USD 84.93 per barrel. On the domestic side, the rupee remained largely unaffected after the Reserve Bank of India Monetary Policy Committee meeting. "The pause in the rate hike could further squeeze down the interest rate differential between the US and India and could put pressure on the rupee. Moreover, the market will .

A $1.5 trillion wall of debt is looming for US commercial properties

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults

Dollar plunges close to two-month low ahead of pivotal US jobs data

For markets, this could make for a highly volatile session

Rupee to cling to 82 against US Dollar ahead of RBI rate decision

Near-term momentum favours the rupee "on margin", a spot trader at a private sector bank said, but cautioned that important data points lined up through the week could fuel volatility on the rupee

Rupee appreciates by 24 paise to 82.08 against US dollar in early trade

The rupee appreciated by 24 paise to 82.08 against the US currency in early trade on Wednesday due to a weak dollar in overseas markets and forex inflows. At the interbank foreign exchange market, the rupee opened higher at 82.08 against the US dollar and moved in a narrow range of 82.04 to 82.10 later in early deals. The local unit was trading at 82.08 to a dollar at 9.35 AM. It had closed at 82.32 on Monday. Forex markets were closed on Tuesday for Mahavir Jayanti. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.03 per cent to 101.56 after a weak set of economic data bolstered expectations of the end of US Fed rate hike cycle. Oil prices also moved in a narrow range in early Asian trade on Wednesday as weak US economic data weighed on the demand scenario despite a surprise production announced by oil cartel OPEC and its allies. Back home, investors are likely to remain cautious ahead of RBI's monetary policy decis