Page 65 - Us Dollar

Turkish lira hits record low against dollar before central bank meeting

Turkey's currency fell to a record low against the dollar before a central bank meeting on interest rates on Thursday. The lira traded at a low of 18.38 against the dollar, past the previous record low of 18.36 in December, before recovering to about 18.36. Turkey has been following President Recep Tayyip Erdogan's unorthodox belief that high interest rates cause high inflation while much of the world is increasing their policy rates to combat inflation. The Turkish central bank last month lowered its benchmark rate by 100 points to 13 per cent. Official statistics released earlier in September showed annual inflation at 80.21 per cent. Last year, the currency kept hitting record lows as the central bank lowered interest rates from 19 per cent. When it finally hit 18.36 against the dollar, Erdogan announced extraordinary measures that he claimed would safeguard the lira. The government encouraged people to swap their dollars for the lira and place them in a deposit account that wo

Rupee hits new low against US dollar as Asian peers tumble on Fed rate view

The rupee closed at a record low of 80.86 to the dollar, down from 79.9750 in the previous session

Dollar hits new 24-year peak to yen as Bank of Japan stays dovish

The US dollar surged to a new 24-year high against the yen after the Bank of Japan stuck to ultra-easing stimulus

Rupee slumps to new low as Fed hikes rates, signals longer tightening cycle

The rupee hit a new low of 80.47 versus the US dollar in the first few minutes of trade on Thursday.

Dollar towering, Asian stocks cowering as Fed interest rates jump higher

The dollar surged to a fresh two-decade high and Asian stocks hit a two-year low on Thursday as the prospect of U.S. interest rates rising further and faster than expected spooked investors

Rupee sheds 0.3% as US dollar soars ahead of Fed's policy statement

Putin's call for partial mobilisation hits risk appetite in currency market

Oil gives up gains as soaring US dollar offsets Putin's troop mobilisation

Brent futures were 10 cents, or 0.1%, lower at $90.52 a barrel by 10:13 a.m. EDT (1413 GMT), while U.S. West Texas Intermediate (WTI) crude fell 28 cents, or 0.3%, to $83.66.

Rupee closes at new low ahead of near-certain big Fed rate-hike

The mobilisation of troops by Russian President Vladimir Putin piled on more pressure on the rupee, already weighed by the surging dollar index

Rupee depreciates 8 paise to 79.82 against US dollar in early trade

The rupee depreciated by 8 paise to 79.82 against the US dollar in opening trade on Wednesday as investors await the US Fed's policy decision on interest rates for further cues. Forex traders said the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on the local unit. Moreover, risk-off moods and firm crude oil prices weighed on the local unit. At the interbank foreign exchange market, the rupee opened at 79.81 against the greenback, then fell to 79.82, registering a decline of 8 paise over its last close. In initial deals, the local unit also touched 79.79 against the dollar. On Tuesday, the rupee settled 7 paise higher at 79.74 against the dollar. Investors are awaiting the Federal Open Market Committee (FOMC) decision on interest rates this evening, Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors said, adding 75 basis points hike is factored in by the market but a 100 basis points rise will be a huge guidan

Rupee rises 7 paise to close at 79.74 against dollar ahead of Fed meet

The rupee consolidated in a narrow range and settled 7 paise higher at 79.74 against the US dollar on Tuesday, snapping its four-session falling streak as investors await the US Fed's policy statement for further cues. At the interbank forex market, the local unit opened at 79.70 against the greenback. It witnessed an intra-day high of 79.58 and a low of 79.77 during the session. It finally ended at 79.74, up 7 paise from its previous close of 79.81. The rupee declined by 64 paise in the past four sessions due to forex outflows and a stronger dollar. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.12 per cent to 109.87. Brent crude futures, the global oil benchmark, advanced 0.14 per cent to USD 92.13 per barrel. "Rupee continued to consolidate in a narrow range despite gains in domestic equities. Volatility remained low ahead of the important FOMC policy statement that will be released tomorrow," said Gaurang Somaiya, Forex & .

Gold prices slip on strong dollar as markets await big Fed rate-hike

Spot gold fell 0.5% to $1,667.33 per ounce by 1224 GMT, snapping two consecutive sessions of gains.

Rupee gains in-line with equities, rises 16 paise to 79.65 against dollar

The rupee appreciated 16 paise to 79.65 against the US dollar in early trade on Tuesday in line with a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close. On Monday, the rupee settled 3 paise lower at 79.81 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.15 per cent to 109.57. Brent crude futures, the global oil benchmark, rose 0.11 per cent to USD 92.10 per barrel. "Markets were awaiting the US Fed's decision as the two-day meeting starts on Tuesday. A few players expected the US FED to not sound too hawkish lest it hampers the US growth expectations," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. The Reserve Bank of India will have its Monetary Policy Committee (MPC) meeting between September 28-30, and the outcome will be announced on t

Apple to increase app store prices from Europe to Asia next month

Though it's faring better than some tech peers, Apple has grown more cautious as it confronts a sputtering economy

Treasury yields highest in over a decade before Fed meeting; dollar gains

The benchmark 10-year Treasury yield hit its highest in over a decade on Monday and the dollar strengthened as investors were on edge before an expected hefty Fed interest rate hike

Oil prices fall more than 1.5% on demand fears and strong dollar

Brent crude for November delivery fell $1.49, or 1.6%, to $89.86 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) for October dropped $1.57, or 1.8%, to $83.54.

Stagflation-free Asia leaving taper tantrums behind as currencies fare well

The foreign-exchange stockpiles Asian economies built up have helped cushion the impact of this year's market turmoil, which has spurred the largest equity outflows for at least a decade.

Rupee rises by 14 paise to 79.64 against US dollar in opening trade

The rupee appreciated 14 paise to 79.64 against the US dollar in early trade on Monday in line with its Asian peers and as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.64 against the American currency, registering a gain of 14 paise over its previous close. On Friday, the rupee declined by 7 paise to close at 79.78 against the dollar. The rupee opened slightly stronger as Asian equities are flat or higher, dollar index is at 109.80, US Treasury yields at 3.45 per cent and Asian currencies slightly more robust than Friday closing, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors. "The range for the day is expected to be 79.50 to 80 with a close watch on RBI as they try to maintain the 80 level," Bhansali added. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.09 per cent to 109.80. Brent crude ..

Three key trades to watch before another jumbo Fed interest rate hike

Investors bracing for another jumbo Federal Reserve rate hike are focused on a few key trades: betting on deeper inversion in the US yield curve, further losses in stocks and a stronger dollar

Pak food importers at mercy of grey market owing to dollar crunch: Report

This situation has forced the government to immediately allow imports of these foodstuffs from neighbouring countries to bridge the supply and demand gap

Pakistani rupee continues to fall against US dollar on rising import bills

The dollar, since its recent low of 213.90 PKR, has now gone up by 22.94 PKR