Page 67 - Us Dollar

Gold price ticks up as dollar slips, US inflation data in investors' focus

While gold is traditionally considered an inflation hedge, rate hikes translate into a higher opportunity cost for holding bullion, which pays no interest

Indices see best weekly gains in over a month; IT, pvt bank stocks lead

Both indices ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent

JPMorgan puts sell sign on emerging market govt debt amid rate hike

Analysts at JPMorgan put an 'underweight', or sell sign, on international emerging market sovereign debt on Friday due to the global economic slowdown and ongoing rise in interest rates and dollar

Gold hits more than one-week high as dollar slips boosting its demand

Spot gold was up 0.7% at $1,719.89 per ounce by 1230 GMT after rising to its highest since Aug. 30 at $1,729.29 earlier in the session

Euro leaps parity on ECB to 3-week high, US stock futures eye higher open

The euro rose back above parity to a three-week high against the dollar on Friday following a large rate hike and hawkish comments from the European Central Bank

Dollar set for weekly loss as traders eye more ECB hikes, US inflation data

Profit-taking after a sharp extension of the dollar's long rally also took hold and the pullback was broad

US dollar rises vs yen as Federal Reserve reinforces hawkish stance

For the last several months, dollar-yen has been the currency pair most sensitive to U.S. rate expectations

Top headlines: Vehicle sales up 8% in Aug; Fitch affirms rating for 4 NBFCs

Two-wheeler sales were up 8.5 per cent and three-wheeler by 8.3 per cent in August. Passenger and commercial vehicle sales increased 6.5 per cent and 24 per cent

Rupee rises 23 paise to close at 79.72 vs dollar amid easing crude prices

The rupee appreciated 23 paise to close at 79.72 (provisional) against the US dollar on Thursday amid easing crude oil prices and a firm trend in domestic equities. At the interbank forex market, the local unit opened at 79.72 against the greenback. It witnessed an intra-day high of 79.65 and a low of 79.83 during the session. It finally ended at 79.72, up 23 paise from its previous close of 79.72. The dollar index, which measures the greenback's strength against a basket of six currencies, fell 0.11 per cent to 109.72. Brent crude futures, the global oil benchmark, fell 0.60 per cent to USD 87.47 per barrel. On the domestic equity market front, the BSE Sensex ended 659.31 points or 1.12 per cent higher at 59,688.22, while the broader NSE Nifty gained 174.35 points or 0.99 per cent to 17,798.75. Foreign institutional investors (FIIs) remained net buyers in the capital markets as they purchased shares worth Rs 758.37 crore on Wednesday, according to provisional data.

Resilient US dollar soars to 24-year high vs yen, 37-year peak vs sterling

A Northern California sheriff's deputy has turned himself in to law enforcement after he was accused in the fatal slaying of a husband and wife in their home early on Wednesday, authorities said.

Pound falls to weakest level since 1985 against dollar amid dire UK economy

The last time the sterling-dollar exchange rate was this low the world's richest nations signed the Plaza Accord, an agreement to weaken the US currency

Dollar hits 24-year peak against yen on bets for aggressive Fed tightening

The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S. economic data reinforced the view on Fed policy tightening

Wall St extends losses as Fed worries remain; Bed Bath & Beyond shares sink

Bed Bath & Beyond shares sink after CFO's death; Wall Street coming off three straight week of declines

Japan's yen skids past 142 per dollar, sterling clings onto early gains

The dollar climbed 1.07% on the yen to 142.1, a fresh 24-year high. The dollar is up 23% against the Japanese currency so far this year

Oil prices slide as demand fears return after OPEC-led rally on output cut

Oil fell after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+'s first output target cut since 2020

Gold pares gains as US dollar strengthens, rate-hike fear dominates mood

Spot gold was up 0.1% at $1,712.09 per ounce as of 1018 GMT. Prices hit a one-week high, rising nearly 1%, earlier in the session

RBI is anchoring expectations on rupee weakness, says Shaktikanta Das

He expects inflation to fall within tolerance band by January-March

Rupee rises to close at 79.79 against US dollar amid firm domestic equities

The rupee appreciated 8 paise to close at 79.79 (provisional) against the US dollar on Monday, in line with a firm trend in domestic equities. However, the strengthening of the American currency in the overseas market restricted the rupee's gain, forex dealers said. At the interbank forex market, the local unit opened at 79.84 against the greenback. It witnessed an intra-day high of 79.79 and a low of 79.90 against the American currency during the session. It finally ended at 79.79 against the US dollar, up 8 paise from its previous close of 79.87. The dollar index, which measures the greenback's strength against a basket of six currencies, rose 0.28 per cent to 109.83. Brent crude futures, the global oil benchmark, rose 2.75 per cent to USD 95.58 per barrel. "Rupee consolidated in a narrow range despite the dollar rising to a 30-year high. Gains in the dollar extended after non-farm payrolls numbers released from the US came in better-than-estimates," said Gaurang Somaiya, Forex

China cuts forex reserve requirement ratio in bid to support tumbling yuan

Financial institutions will need to hold 6% of their foreign-currency deposits in reserves starting from Sept. 15, the PBOC said in a statement on Monday-- lower than the current level of 8%

Rupee rises 5 paise to 79.82 against US dollar, domestic equities advance

The rupee appreciated 5 paise to 79.82 against the US dollar in early trade on Monday in line with a positive trend in domestic equities. Forex traders said the rupee is trading in a narrow range as the strengthening of the American currency in the overseas market and rising crude oil prices are weighing on investor sentiment. At the interbank foreign exchange, the rupee opened at 79.84 against the dollar and touched 79.82 in initial deals, registering a gain of 5 paise over the last close. On Friday, the rupee closed at 79.87 against the dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.39 per cent to 109.95. Global oil benchmark Brent crude futures jumped 1.96 per cent to USD 94.84 per barrel. On the domestic equity front, the 30-share Sensex was trading 129.41 points or 0.22 per cent higher at 58,932.74 points, while the broader NSE Nifty advanced 44.35 points or 0.25 per cent to 17,583.80 points. Foreign instituti