Yen rises broadly in quiet trading today, with help from falling US and European benchmark yields. Sterling is following as next strongest, and then Kiwi. On the other hand, Swiss Franc is the worst performer, followed by Dollar, Canadian. Euro and Aussie are mixed for the moment. As the US markets are on holiday today,
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The pair is the main mover so far on the day, with it being down 0.5% to 138.80 levels. The dollar was mostly softer across the board but has recouped some losses against other major currencies as we get into European trading. Going back to USD/JPY, the thing to note is that the pair has
Gold prices rose on Thursday after the minutes from the US Federal Reserve’s latest policy meeting signalled slower interest rate hikes. The majority of the US Fed policymakers agreed it would ‘likely soon be appropriate’ to slow the pace of interest rate hikes, the readout of the November 1-2 meeting showed. Gold futures on were
Dollar is sold off broadly after FOMC minutes indicated that a “substantial majority” of policymakers judged that slowing rate hike would “soon be appropriate”. For now, New Zealand Dollar is the strongest for the week, supported by RBNZ’s big rate hike. It’s followed by Sterling, and then Swiss Franc. Canadian Dollar and Yen are lagging
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Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading. Brent crude futures fell $2.82, or 3.19%, to $85.54 a barrel by 1450 GMT, while U.S. West Texas Intermediate (WTI) crude
Sterling surges broadly today, shrugging off PMI data which indicates extended weakness in the economy. It’s even over-powering New Zealand Dollar, which was lifted by RBNZ’s jumbo rate hike. On the other hand, selling is focusing on Dollar, Canadian and Australia, while Yen is also on the weak side. Euro is mixed, and it’s clearly
Prior 48.6 Manufacturing PMI 47.3 vs 46.0 expected Prior 46.4 Composite PMI 47.8 vs 47.0 expected Prior 47.3 The euro area contraction eased slightly in November, as price pressures cooled. That said, business sentiment remains gloomy and demand conditions are still largely subdued. The only positive is that cost pressures fell to their lowest in
New Delhi: Gold prices traded flat on Wednesday as investors held back from making big bets ahead of the US Federal Reserve’s latest policy meeting, which could offer clues on further interest rate hikes. Fed’s minutes are due later in the evening. US durable goods data and weekly initial jobless claims are also on traders’
New Zealand Dollar rises broadly after RBNZ delivered the historical 75bps rate hike as widely expected. Yet, it’s staying in near term range against the greenback. For now, Euro is following Kiwi as second strongest for the day, then Swiss Fran and Sterling. Canadian Dollar is the weakest, followed by Yen and Aussie. Apparently, Aussie
The 7 year note auction was pretty bad. I gave it a grade of F. Rick Santelli on CNBC was generous and gave it a D-. Either way the auction was not all that hot. However, after a brief tick higher in yields, buyers came back in and yields started to move back to the
Gold price in the national capital rose Rs 30 to Rs 52,731 per 10 grams on Tuesday amid appreciation in rupee, according to HDFC Securities. In the previous trade, the yellow metal had touched Rs 52,701 per 10 grams. Silver also climbed Rs 856 to Rs 61,518 per kilogram. The rupee appreciated 14 paise to
Dollar and Euro are so far the worst performer in quiet trading today. The greenback is clearly weighed down again by stocks’ rise and yield’s decline. There are news that China’s Shanghai is back in tougher restrictions, but investors are not too bothered. Canadian Dollar is also soft after data showed retail sales contraction. Meanwhile,
The greenback was the best performing major currency yesterday as it continued its recovery path from the latter stages of last week. That saw a turnaround in near-term sentiment for some dollar pairs but traders are still looking rather tentative for now. The dollar is slightly on the backfoot today, with broader market sentiment also
NEW DELHI: Gold prices rose on Tuesday, recouping some of the last session’s decline, as the US dollar eased, with the focus turning to minutes from the US Federal Reserve’s latest meeting for clues on future rate hikes. Gold futures on were trading higher, gaining 0.21% or Rs 108 at Rs 52,400 per 10 grams.
Dollar’s rebound stalled once again quickly, as risk markets appear to have stabilized. Overall, Swiss Franc is following the greenback as the second strongest for the week so far, then Canadian. Yen is the worst performer, followed by Aussie and Kiwi. Euro and Sterling are mixed with Sterling having an upper hand. Canadian retail sales
The USDCAD moved higher earlier in the session supported by the story that OPEC+ was mulling a 500K barrel per day production increase (see earlier post here). That pushed the price to the low of a defined swing area between 1.3494 and 1.3510, helped by the tumble in oil which saw the price test the
Oil prices dropped to their lowest since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are discussing an output increase. Brent crude futures for January had slipped $4.07, or 4.7%, to $83.55 a barrel by 1518 GMT. U.S. West Texas Intermediate (WTI) crude futures for