Page 60 - Us Dollar

Dollar strengthens as US Fed expected to stay hawkish; yen fragile

The dollar moved broadly higher in early Asia trade, and was up more than 0.2% against the New Zealand dollar and the pound

Strong dollar seen hurting US economic outlook, even tilting Fed path

Chair Jerome Powell and his colleagues are trying to cool the economy and ease price pressures by deliberately tightening US financial conditions

Foreign exchange reserves fall to $525 billion, lowest since July 2020

So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar

India's forex reserves touch $524.5 bn, lowest level since July 2020

The primary reason for the decline is foreign currency assets, which recorded a dip of $3.5 billion to $465 billion

Rupee gains 4 paise to 82.29 against US dollar tracking gains in equities

The rupee appreciated 4 paise to 82.29 against the US dollar in early trade on Friday, supported by a weak greenback in the overseas market and positive domestic equities. Fresh foreign capital infusion in capital markets also strengthened sentiment, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.39 against the dollar, then gained ground to quote at 82.29, registering a rise of 4 paise over its previous close. The domestic unit was moving in a tight range of 82.39-82.29 in early deals. In the previous session on Thursday, the rupee jumped 48 paise to close at 82.33 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.23 per cent to 110.35. In the domestic equity market, the 30-share BSE Sensex was trading 220.59 points or 0.37 per cent higher at 59,977.43. Similarly, the broader NSE Nifty rose 60.50 points or 0.34 per cent to 17,797.45. Foreign Institutional Investors

Rupee, bonds gain on hopes of Federal Reserve slowing rate hikes

At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday

World shares turn up after better-than-expected US data; dollar recovers

Major U.S. stock indexes rose and European shares recovered losses on Thursday after strong US economic data, while the British pound eased off mid-September highs

Dollar slides on expectations of less hawkish Fed; euro at 1-month high

The euro climbed back above parity against the dollar for the first time in a month on Wednesday after poor U.S. economic data reinforced speculation that the Federal Reserve will slow rate hikes

Google, Microsoft, TI announce disappointing results; tech stocks tumble

Google parent Alphabet Inc. fell as much as 7.4% after third-quarter revenue came in below expectations, while software giant Microsoft Corp. lost 8.1% following a disappointing revenue forecast

Oil prices rises on weaker dollar and supply concerns; trade choppy

Benchmark Brent crude futures rose by 44 cents to $93.70 a barrel by 11:03 a.m. EDT, while U.S. West Texas Intermediate crude futures rose by 77 cents to $85.35

Sterling rises as Rishi Sunak becomes UK PM while US dollar slumps

The potential for volatility is elevated in the foreign exchange market this week, with central banks in the euro zone and Canada expected to hike rates by 75 basis points

Rupee rises 7 paise to close at 82.81 to dollar amid easing crude prices

The rupee appreciated 7 paise to close at 82.81 (provisional) against the US dollar on Tuesday, as easing crude oil prices buoyed investor sentiments. At the interbank foreign exchange market, the local currency opened at 82.71 and witnessed a high of 82.62 and a low of 82.81. It finally settled at 82.81 against the American currency, registering a rise of 7 paise over its previous close. In the previous session on Friday, the rupee had slipped 9 paise to close at 82.88 against the dollar. The forex market was closed on Monday on account of Diwali. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was quoted at 111.98. Global oil benchmark Brent crude futures fell 1.59 per cent to USD 91.78 per barrel. On the domestic equity market front, the 30-share BSE Sensex fell 287.70 points or 0.48 per cent to end at 59,543.96, while the broader NSE Nifty declined 74.40 points or 0.42 per cent to 17,656.35. Foreign Institutional Invest

Oil price rises as US dollar loses steam though demand fears linger

Oil prices rose as the US dollar eased against major peers but gains were limited by worries of slowing global fuel demand growth amid bearish economic data from key oil importing economies

Rupee gains 26 paise against US dollar tracking positive trend in equities

The rupee appreciated 26 paise to 82.62 against the US dollar in early trade on Tuesday tracking a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.71 against the dollar, then gained some ground to quote at 82.62, a gain of 26 paise over its previous close. In the previous session on Friday, the rupee slipped 9 paise to close at 82.88 against the dollar. The forex market was closed on Monday on account of Diwali. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.12 per cent to 111.85. Brent crude futures, the global oil benchmark, rose 0.28 per cent to USD 93.52 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 51.96 points or 0.09 per cent higher at 59,883.62. Similarly, the broader NSE Nifty rose 23.80 points or 0.13 per cent to 17,754.55. Foreign Institutional Investors (FIIs) were net sellers in the capital markets as they offloaded shares wo

Major non-farm commodities to take guidance from Dollar in new Samvat

Strengthening of the dollar the past few quarters has pushed investors to sell risky assets and shift to the greenback and oil

Gold prices slip as dollar gains, investors assess US Fed's stance

Spot gold fell 0.6% to $1,647.17 per ounce by 0922 GMT. U.S. gold futures eased 0.3% to $1,651.40

Dollar shrugs off suspected yen intervention, Europe clings to US Fed hopes

The dollar roared to 149.70 yen in early trade before hastily retreating to 145.28 in a matter of minutes in what traders and analysts said appeared to be at the hands of the Bank of Japan

Dollar weathers suspected Japanese yen intervention, China data mixed

The US dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in rate hikes

Fiscal, monetary authorities should be watchful amid global gloom: Finmin

"Inflation trajectory remains dependent on geopolitical developments," the report stated, adding risks to inflation were amplified by an appreciating U.S. dollar," the ministry said

India's foreign exchange reserves at lowest level since July 2020

The fall in foreign exchange reserves was primarily on account of a decline in the RBI's foreign currency assets that fell $2.8 billion on-week to $468.87 billion