Dollar wallows at one-week low as payrolls test looms large
The dollar index, which gauges the currency against a basket of six key counterparts, was steady at 101.03 as of 0015 GMT, after slipping about 0.2% overnight and touching 100.96 for the first time since Aug. 29. For the week, it has dropped close to 0.7%
The US Federal Reserve is containing Yuan bears. That’s ironic
The Chinese currency’s gains are notable because economic prospects have deteriorated
Rupee falls 5 paise to end at 83.96 against dollar on strong greenback, weak shares
Lower crude oil prices in international markets helped arrest the decline in the local unit, forex traders said
Rupee falls 7 paise to 83.92 against US dollar on weak macro data
Easing crude oil prices and weakness of the American currency in the overseas market supported the local unit and restricted further slide.
Global Currencies: King dollar's softening is good news for nearly everyone
Economies in Europe, Asia and emerging markets will all benefit as the Fed’s new interest-rate story takes hold
Rupee falls 5 paise to close at 83.92 against US dollar
Forex traders said the rupee is likely to remain within a narrow range as the RBI has been actively intervening in the market, consistently absorbing inflows
Dollar slips as traders weigh Middle East risks, US rate cuts
Imminent US rate cuts also remained at the top of investors' minds and further pressured the greenback, though currencies were mostly rangebound on the lack of major news in the Asian session
Rupee settles on flat note, closes 1 paisa higher at 83.89 against US dollar
Forex traders said the Indian rupee gained in morning trade on rise in domestic markets and a weak US Dollar. However, a surge in crude oil prices capped sharp gains for the local unit.
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed's dovish shift
The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation signaling a less aggressive stance on interest rate cuts than the Fed.
Rupee rises 4 paise to close at 83.89 against US dollar, Powell speech in focus
Weak US Dollar, foreign fund inflows and a positive tone in the domestic markets supported the rupee. However, overnight gains in crude oil prices capped sharp gains.
Dollar steady ahead of Fed chair Powell's speech; BOJ guv Ueda aims to calm market nerves
The spotlight will be on the central bankers on Friday, first on BOJ Governor Ueda who is in Japan's parliament to discuss the surprise decision to hike interest rates last month that rattled investors and sent the yen soaring.
Rupee ends lower at 83.94 against US dollar on greenback demand, outflows
Traders will now take cues from the weekly unemployment claims, existing home sales and PMI data from the US.
Rupee’s record lows mask currency’s trade-weighted overvaluation
Rupee has underperformed Asian peers this month amid a yen trade unwinding and outflows from stocks. The central bank’s strategy to allow a weaker rupee may be aimed at correcting some REER overvaluation to boost India's trade competitiveness.
Dollar doldrums deepen on dovish Fed tone before Jackson Hole
The dollar sagged below the closely watched 145 yen mark as U.S. Treasury yields slid, ahead of weekly jobless claims data later in the day and a hotly anticipated speech by Fed Chair Jerome Powell at the central bank's annual Jackson Hole symposium on Friday
Rupee misses out on Asia currency rally on RBI’s watch
The currency has edged lower against the dollar, while the Indonesian rupiah and Malaysian ringgit have soared more than 4% in August. That’s a turnaround for the rupee, which was the region’s best performer in the first half of 2024 after the Hong Kong dollar
Dollar at seven-month low on rate cut bets, Powell speech in focus
The weakness in the dollar lifted the euro to its highest this year, while sterling was perched near a one-month peak. The emerging markets currency index was also at a record high.
Dollar in holding pattern ahead of FOMC minutes, Powell comments
Minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell at Jackson Hole are likely to be the main drivers of currency movement this week, which will also see inflation data from Canada and Japan alongside Purchasing Managers' Index readings across the U.S., euro zone and UK.
Rupee holds above record low to end flat on day and week
The rupee closed at 83.94 against the U.S. dollar, nearly unchanged from its close of 83.9475 in the previous session.
RBI asks banks to push direct rupee-dirham settlement: Report
The central bank hasn't given banks a specific target but has asked them to report the extent of such payments to it on a regular basis, the sources said
India, Russia mull direct rupee-ruble FX rate to boost bilateral trade
The idea involves avoiding pegging the exchange rate with the dollar or any other third currency. However, the official says that in order to establish a direct FX rate, the rupee and ruble would need to trade in the same currency exchange platform for a much larger quantity and for a longer duration while the two sides workout a mutual referencing price.
Rupee settles flat at 83.97 against US dollar
Forex traders said risk aversion in the global markets amid heightened geopolitical tension in the Middle East between Israel and Iran weighed on sentiments
What's behind the recent stock market correction? The answer lies in Japan
The quantum and duration of the resulting correction in Indian stock markets will depend on how much more unwinding is expected from Yen carry traders, and how much more support can be expected from DIIs during the consequent FII outflows
US dollar strengthens amid falling jobless claims, yen plunges as BOJ signals rate hike unlikely
The dollar saw its biggest gains against the yen, which had dropped sharply earlier in the week amid uncertainty over Japanese monetary policy.
Which came first—yen carry trade unwinding or equity selloff?
The leap in the yen and fall in higher-yielding currencies suggests that the dollar-yen carry trade and some of these other yen carry trades really did unwind
