Page 81 - Us Dollar

Surprise rate hike lifts Swiss franc, sterling tumbles before BoE

As Swiss National Banking increased its policy interest rates, the franc took a jump against the US Dollar and Euro, which is a first in almost 15 years, say reports.

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.

Rupee slips 13 paise to close at all-time low of 78.17 against US dollar

The rupee plunged 13 paise to close at a fresh all-time low of 78.17 (provisional) against the US dollar on Wednesday, as a lacklustre trend in domestic equities and persistent foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange market, the local currency opened at 77.99 and finally settled at its all-time low of 78.17, down 13 paise over its previous close of 78.04. "Expectation is that US central bank could raise rates by 50 bps. Hawkish comments could continue to keep the dollar supported at lower levels. Major crosses remained under pressure following broad gains in the dollar," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Somaiya added, "We expect the USD-INR to trade with sideways and quote in the range of 77.70 and 78.40." The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.64 per cent to 104.84. Brent crude futures, the global oil benchmark, declined 1.07

Only 58% of global reserves are now in USD. Can the renminbi replace it?

While more reserves are now held in the renminbi, it is still less than one-fourth of the total shift away from the dollar, that too mostly by Russia

Asia shares subdued, dollar on a high as Fed's aggresive rate hike looms

Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates

Rupee inches 2 paise higher to 78.02 against US dollar in early trade

The rupee rebounded from its all-time low level and inched higher by 2 paise to 78.02 against the US dollar in opening trade on Tuesday

Binance US exchange sued by crypto investor over stablecoin collapse

In the lawsuit against Binance and CEO Brian Shroder, Utah resident Jeffrey Lockhart said Binance falsely advertised Terra USD as backed by fiat currency, when in fact it was an unregistered security

Dollar higher as risky assets tumble; yen rebounds from 1998 lows

Dollar has reached a four-week high as compared to other currencies amid inflation concerns. Moreover, government selloffs were extended and stocks took a beating globally.

Dollar at two-decade high against six major peers, yen tumbles to 1998 lows

A sell-off across markets saw European stocks fall for a fifth straight session, while Bitcoin tumbled 9% to 18-month lows around $24,000

Gold retreats from one-month high over spike in US treasury yields

Market reports suggest that gold has moved inversely to the US Dollar while Treasury yield have risen to a its peak since May 9th

Yen falls to lowest level since 1998 vs dollar as US yields march higher

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove US Treasury yields higher

Rupee breaches 78 per dollar mark for the first time on global cues

The rupee started depreciating rapidly since Russia invaded Ukraine in late February

Rupee falls to all-time low of 78.29 against US dollar in early trade

The rupee slipped 36 paise to its all-time low of 78.29 against the US dollar in early trade, tracking the strength of the American currency overseas as investors flocked to the safe-haven currency

Iran currency drops to all-time low of 332,000 per dollar amid US sanctions

Traders in Tehran exchanged the rial at 332,000 to the U.S. dollar, up from 327,500 on Saturday

Dollar edges up 0.16% but cautious as finance ministers G7 meet

The dollar index - which measures the currency against six peers including the yen - ticked up 0.16% to 100.50, following its retreat in the previous session from a more than two-year peak of 101.03

Current account deficit likely to hit three-year high at $43.8 bn in FY22

The country's current account deficit is likely to hit a three-year high of 1.8 per cent or USD 43.81 billion in FY22, as against a surplus of 0.9 per cent or USD 23.91 billion in FY21, a report said

Rupee at new low of 77.8/dollar as investors pull out from emerging markets

The rupee depreciated over 2.5 per cent in the current fiscal year

Rupee rebounds from record low, rises 10 paise to Rs 77.68 against dollar

Recovering from its lifetime low, the rupee advanced 10 paise to settle at 77.68 against the US dollar on Wednesday after the RBI raised the interest rate by 50 basis points to tame inflation. However, elevated oil prices and persistent foreign capital outflows capped the gains, forex dealers said. At the interbank forex market, the local unit opened strong at 77.70 against the greenback and witnessed an intra-day high of 77.64 and a low of 77.79. It finally settled at 77.68, up 10 paise over its previous close. The rupee had slumped to its lifetime low of 77.78 on Tuesday. The Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in the rise in prices that it saw continuing to hurt consumers in the near term. The rate hike comes on the back of a 40 bps increase effected by the RBI at an unscheduled meeting on May 4. On the domestic equity market front, the BSE Sensex ended 214.85 points or 0.39 per ce

India's exports increase 24.18% to $9.4 billion during first week of June

The country's exports increased 24.18% to $9.39 billion during June 1-7 on account of healthy growth in sectors like engineering, gems and jewellery and petroleum products, an official said.

Dollar hits two-decade high against yen, pound near three-week low

The yen is sensitive to interest rate differentials between Japanese debt and US bonds.