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Yen rises broadly in Asian session on a couple of risk off factor, all linked to the pandemic. The set of weaker than expected data from China suggested that recovery is losing much momentum as the coronavirus is back. Japan reported surge in infections while Australia is also back in tighter restrictions. Commodity currencies tumble
For the 28th consecutive day, petrol and diesel prices remained unchanged across the country. Global crude prices have dropped to just below $71 per barrel, after it cooled down in July. In the national capital, petrol continues to be sold for R.s 101.84 per litre, while diesel is also being sold at the unchanged price
It’s all about the consumers. After slowing core inflation and sharp deterioration in sentiment, Dollar took a steep dive towards the end of the week. Markets are suddenly less sure about a tapering announcement by Fed in September, not to mention anything concrete from Jackson Hole symposium later in the week. The greenback ended the
466 new cases. I don’t know how much longer the Reserve Bank of Australia can remain optimistic about the economy with Australia’s largest city and state seeing a spiralling wave of infections. New South Wales is the largest population state of Australia and has the country’s largest city, Sydney. Its the epicentre of Australia’s current
Forex news for the North American session on August 13, 2021 Every once in a while you get a piece of economic data, that makes you do a double take and say “What was that again?” That was the case with the Univ. of Michigan consumer sentiment data for August released today. This survey data
New Delhi: Gold in the national capital on Friday jumped Rs 222 to Rs 45,586 per 10 gram amid a recovery in international precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 45,364 per 10 grams. Silver also gained Rs 100 to Rs
Euro and Swiss Franc rise broadly as the markets are approaching the weekly close. On the other hand, Canadian Dollar is reversing some of this week’s gains, while Dollar is following as second weakest for the day. As for the week, the Loonie is still the strongest, followed by Kiwi Swiss Franc is the weakest
Remarks by the German economy ministry No signs of a wage-price spiral that could lead to permanently high inflation Sees positive underlying momentum of overall economy persisting Sees two-speed economy with services sector benefiting from easing of restrictions, industry sector to be hit by supply bottlenecks They are not wrong in that regard, in the
NEW DELHI: Gold prices were mildly higher in Indian market on Friday, tracking flat trends in other Asian peers. The precious metal was headed for a second consecutive weekly decline. Gold futures on MCX were up 0.19 per cent, or Rs 87, at Rs 46,450 per 10 gram. Silver futures gained 0.31 per cent, or
Trading in the Asian markets is relatively subdued again. Asian stocks are mixed even though DOW and S&P 500 rose to new record highs overnight. Dollar continues to fail to find a committed direction. While the greenback remains firm against Euro, Swiss Franc and Yen, it clearly lacks upside momentum against commodity currencies. With a
Strongly in expansion, another indicator of the rebounding NZ economy. the second highest result on record (March 2021 the highest at 63.6) BusinessNZ’s executive director for manufacturing Catherine Beard (in summary from longer remarks): Employment (58.3) recorded its highest ever result over the history of the survey the increasingly tight labour market was mentioned by
Mumbai: The National Commodity and Derivatives Exchange on Thursday said its average daily turnover value (ADTV) surged by more than two-folds to Rs 2,151 crore in July compared to the same month of the previous year. The agri-commodity exchange’s ADTV stood at Rs 785 crore during July 2020, NCDEX said in a statement. Similarly, NCDEX
Dollar is trying to regain some ground in early US session after stronger than expected PPI. Both initial and continuing jobless claims also continued to trend lower. The greenback is followed by Euro and Yen while Aussie and Kiwi are softest. Though, major pairs and crosses are staying inside yesterday’s range for now. As for
10-year Treasury yields seen at 1.35% in European trading today Treasury yields dipped after the US CPI data yesterday, with 10-year yields falling to a low near 1.30% before bouncing back slightly and is recovering further to 1.35% today. Inflation fears cooled after the report yesterday as the details also reveal a lot of messy
NEW DELHI: After a steep fall, gold prices were little changed on Thursday. The yellow metal held steady, trading mildy lower after an overnight gain. Gold futures on MCX were down 0.14 per cent, or Rs 67, at Rs 46,321 per 10 gram. Silver futures shed 0.34 per cent, or Rs 216 lower, at Rs
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slipped -0.14 mmb to 1267.52 mmb in the week ended August 6. Crude oil inventory resumed decline, falling-0.45 mmb (consensus: -1.27 mmb) to 438.78 mmb. Stockpile decreased in PADD 1, 2, and 3. Cushing stock