Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the other hand, Australian Dollar and New Zealand Dollar are trading broadly higher. Sterling and Swiss Franc are mixed for now.
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Westpac’s update of their Australian dollar view begins with a brief and helpful summary of the various influences on its rate: US inflation at 7% and unemployment at 4% have markets pricing a risk of a 50bp Fed hike in March. This should underpin the US dollar despite occasional wobbles, helping cap AUD/USD rallies around
New Delhi: Gold prices spurted by Rs 247 to Rs 48,403 per 10 grams in the local market here on Wednesday amid gains in the metal in international markets, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 48,156 per 10 grams. Silver also rallied by Rs 825 to
Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex markets are mixed. Euro is still in consolidation against, and cautious comments from ECB officials
European indices are pushing forward with gains of around 1.5% on the day while US futures are also gaining further ground on the session so far. S&P 500 futures are now up 0.7%, Nasdaq futures up 0.8%, and Dow futures up 0.6%. All looks to be well in the equities space after quite a modest
SINGAPORE: Oil prices nudged up on Wednesday following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran. Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate
Canadian Dollar is currently the weakest one for today, following the pull back in oil prices. Japanese Yen is following as European and US yields are apparently trying to outpace benchmark JGB yield again. On the other hand, Aussie is trading slightly firmer, together with Kiwi and Dollar. Euro is paring some of the post-ECB
The markets are breathing a little easier today on inflation despite what is supposed to the highest CPI reading since March 1982 when it is released on Thursday at 8:30 AM ET. The catalyst today was the price of crude oil which fell below the $90 level after rising to $93.17 last week. That is
New Delhi: Gold price in the national capital on Tuesday rallied by Rs 144 to Rs 48,167 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 48,023 per 10 grams. Silver, however, dipped by Rs 76 to Rs 61,607
Dollar strengthens mildly in Asia today but overall markets have been quiet this week so far. Euro continues to consolidate last week’s sharp gain, ahead of a key near term resistance against the greenback. Commodity currencies are the slightly stronger ones. Major benchmark global treasury yields continue to rally while stocks tread water. There might
The easy headline to point to is the focus on Iran nuclear talks but the underlying backdrop is that oil has gained for seven consecutive weeks now. From a technical standpoint, that might call for a bit of retracement in itself – especially when you consider that WTI crude has gained by more than 30%
NEW DELHI: Gold prices gained marginally on Tuesday as inflationary pressures supported safe-haven metal while market participants awaited the US inflation data. Gold futures on MCX edged higher by 0.08 per cent or Rs 37 to Rs 48,265 per 10 grams. Silver futures were trading lower by 0.31 per cent or Rs 195 at Rs
Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed. In other markets, major European indexes are trading water while US futures point to slightly
The broader major stock indices are closing lower on the day in what was a up and down session to start the trading week. The Dow industrial average is closing fractionally higher. The Russell 2000 is the best performer today. The final numbers are showing: Dow industrial average up 1.37 points or 0.00% at 35091.12
New Delhi: Gold price in the national capital on Monday jumped Rs 146 to Rs 47,997 per 10 grams in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,851 per 10 grams. Silver also gained Rs 635 to Rs 61,391 per
The markets are steady in Asia in a quiet start to the week. Euro is softening slightly, paring some of last week’s gain. Aussie and Kiwi also turn weaker on mild risk aversion. On the other hand, Dollar and Canadian are both regaining some grounds. It’s a relatively light week in terms of economic data
Major currencies are mostly little changed with commodity currencies holding a marginal advance while others are not really doing much. The euro though is a touch weaker despite regional yields climbing. Earlier today, ECB policymakers Kazaks and Knot said that a rate hike by the middle of the year may be a bit too hasty.
NEW DELHI: Gold prices rose on Monday as the growing worries over broadening price pressures lifted the metal’s appeal as an inflation hedge and helped cushion pressure from higher US Treasury yields after a surprisingly upbeat jobs report. Gold futures on MCX edged higher by 0.15 per cent or Rs 73 to Rs 47,997 per