Page 71 - Us Dollar

Copper hits five-week high after US data undershoots, dollar slides

Three month copper on the London Metal Exchange gained 1.3% to $8,089 a tonne by 1630 GMT, the highest since July 1, after earlier easing to $7,889

Indian companies swapping dollar for Asian currencies to buy Russian coal

Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar.

Dollar trades solidly in calm before inflation data storm; rate hike likely

Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June's whopping 9.1% figure

Gold, silver remain unchanged for 2nd day; yellow metal trades at Rs 51,870

10 gram of 22-carat gold traded at Rs 47,550 on Tuesday

Gold gains as dollar, treasury yields slip; focus on US inflation data

Spot gold rose 0.5% to $1,783.62 per ounce by 10:02 ET (1402 GMT). U.S. gold futures edged 0.5% higher to $1,799.60.

Rupee falls 40 paise to close at 79.6 against USD as risk appetite declines

Lower global crude prices and a rally in domestic equities restricted the losses to some extent, forex dealers said.

Rupee falls as strong US jobs data rekindles fear of aggressive Fed hikes

The Federal Reserve has already raised interest rates by 225 basis points since March 2020

Dollar extends gains against Japan's yen as big US Fed hike bets ramp up

The greenback was last 0.31% higher at 135.42 yen, and earlier rose to 135.585 yen, its highest since July 28, after surging 1.57% in the previous session, its biggest single-day gain since June 17

Asia shares subdued, dollar encouraged by 'super-sized' US rate risk

Markets quickly moved to price around a 70% chance Federal Reserve will lift rates by 75 basis points in September, sending two-year yields up 20 basis points on Friday and further inverting the curve

At 13.8% gains, India best-performing stock market since June lows

The benchmark Nifty50 Index has gained the most among major global markets, soaring 13.8 per cent since June 17, when it had dropped to its lowest levels in 13 months

FPIs buy shares worth Rs 14,000 cr in a week amid softening dollar index

After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in first week of August amid softening of the dollar index

Dollar edges higher as investors turn attention to key US jobs data report

The U.S. dollar index, which measures the greenback against a basket of currencies, was up 0.22% to 105.93, after sliding 0.68% on Thursday, the largest fall since July 19.

Rupee gains 26 paise in afternoon trade to 79.20 against US dollar

The Indian rupee appreciated 26 paise during the afternoon trade at 79.20 against the US dollar by 12.37 pm on Friday, as against 79.46 close on the previous trading session

Rupee weakens 1% in two days as renewed talks of 'hawkish' Fed boost dollar

Record high trade deficit, technical factors add to woes

Gold gains more than 1% as US dollar, yields pull back; palladium gains 3%

(Reuters) - Gold prices jumped more than 1% on Thursday as a pullback in the dollar and U.S. Treasury yields provided support ahead of a key U.S. jobs report that could influence the Federal Reserve's policy stance.

Rupee drops 17 paise to close at 79.3 against dollar amid US-China tensions

The rupee depreciated 17 paise to close at 79.32 (provisional) against the US dollar on Thursday, weighed down by disappointing macroeconomic data and US-China tensions. At the interbank foreign exchange market, the local currency opened at 79.21 and finally ended at 79.32, down 17 paise over its previous close. On Wednesday, the rupee had slumped by 62 paise to close at 79.15, marking its worst single-day fall in the current fiscal year. The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.27 per cent to 106.22. Brent crude futures, the global oil benchmark, advanced 0.69 per cent to USD 97.45 per barrel. According to Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services, volatility for the rupee will remain high following increasing tensions between China and Taiwan. Moreover, traders may also remain cautious ahead of the RBI's monetary policy decision on Friday. "We expect the USD-INR (spot) to trade sideways

Trading desks should prepare for much lower liquidity surpluses: B Prasanna

Expects rupee to trade in the range of 78-80 per US dollar in the near term because of still relatively weak BoP fundamentals

Gold expected to be contained by interest rates and strong dollar

(Reuters) - Gold will average $1,745 an ounce in 2023, slightly below current prices, as high interest rates and a strong dollar reduce its appeal, a Reuters poll showed on Wednesday.

Top headlines: IndiGo Q1 net loss narrows; rupee plummets 68 paise

Adani Power on Wednesday reported 16-fold jump in consolidated net profit at Rs 4,780 crore for the quarter ending June 30, 2022.

Rupee plummets 68 paise at 79.21 against USD as macro data disappoints

At the interbank foreign exchange market, the local currency opened lower at 78.70 and fell further to settle at the day's low of 79.21.