NEW YORK -The dollar hit a fresh 38-year high against the yen on Wednesday, with investor speculation high that authorities in Japan could intervene to strengthen the Japanese currency, while global stock indexes were mixed. Japan’s top currency diplomat, Masato Kanda, said authorities were “seriously concerned and on high alert” […]
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The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary. “If there are excessive currency fluctuations, it has a negative impact on the national economy,” said […]
The Indian rupee declined to a record low against the US dollar on Thursday weighed down by broader strength in the greenback amid demand from local importers. Rupee fell to its all-time low of 83.62 against the US dollar. The local currency had closed at 83.4550 in the previous session. […]
JOLTS data showed job openings fell to more than three-year low * Treasury yields decline, dollar pares gains By Koh Gui Qing and Amanda Cooper NEW YORK/LONDON, – World stocks and commodities slid on Tuesday, as investors turned uneasy about evidence that the U.S. economy’s “exceptionalism” may be starting to […]
Gold prices slumped on Wednesday due to a stronger dollar, rising bond yields, and hawkish remarks from a Federal Reserve official, which dampened market sentiment ahead of the U.S. inflation data release. By 10:00 a.m. ET (1400 GMT), spot gold had decreased by 0.7 per cent to $2,345.62 per ounce, […]
Gold will be able to sustain at higher levels only if the US Federal Reserve cuts rates and the US dollar starts declining against currency majors, said brokerage house Emkay in a recent note. “Gold prices moved up from the $2,050 base, where it was hovering around for a long […]
India’s foreign exchange reserves declined for the third week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country’s foreign exchange kitty declined by USD 2.412 billion to […]