Gold Buoyant Before The Fed, Copper Rallies on China COVID Hopes
Gold prices held recent gains on Wednesday as the dollar steadied before the conclusion of a Federal Reserve meeting, while copper prices were lifted by speculation over China potentially relaxing its strict zero-COVID policy Spot gold steadied around $1,648.23 an ounce, while gold futures rose 0.1% to $1,650.80 an ounce. Both instruments jumped from a […]
Asia FX Hunkers Down Ahead of Fed Meeting, Dollar Slips
Most Asian currencies moved little on Wednesday as caution kicked in ahead of a widely expected interest rate hike by the Federal Reserve, while the dollar fell amid hopes that the central bank will espouse a less hawkish outlook. The Japanese yen bucked the trend, rising 0.7% on expectations that the government will intervene further […]
Dollar Droops Amid Improved Risk Mood Before Fed; Aussie Pares Gain After RBA
U.S. dollar sank from a one-week top against a basket of major peers on Tuesday, as traders weighed the odds of a less aggressive Federal Reserve at Wednesday’s widely watched monetary policy meeting The risk-sensitive Australian and New Zealand dollars rose from one-week lows amid a broad lift in market sentiment, but the Aussie trailed […]
Dollar Climbs Ahead of Busy Week For Central Banks
The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve Euro zone flash inflation and GDP numbers and details of the Japanese Ministry of Finance’s intervention, […]
PM Modi to launch healthcare projects, address rally in Gujarat today
Prime Minister Narendra Modi will launch various healthcare projects in Ahmedabad and address a rally in Rajkot on Tuesday, the third day of his visit to poll-bound Gujarat. The Assembly elections in the BJP-ruled state are due this year-end PM Modi will inaugurate healthcare facilities worth Rs 1,275 crore at the Civil Hospital (Asarwa) in […]
OIL SLIPS FROM 1-MONTH HIGH AS WEAK CHINESE DATA FUELS DEMAND FEARS
Oil fell on Monday as an unexpected contraction in China’s service sector fueled fears of slowing demand, although an OPEC supply cut and the prospect of more disruptions in Russia kept prices pinned near a one-month high London-traded Brent oil futures fell 0.7% to $97.73 a barrel, while U.S. West Texas Intermediate crude futures fell […]
Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak
Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a similar range. A broad market rout in risk-driven assets also drove […]
Indian economy showing resilience and recovery: CEA
However, there are challenges, and geopolitics is messy for which foreign investors are cautious, the CEA said. Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy was on the path to recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges. Speaking at a virtual seminar organised by Swadeshi Research Institute, […]
Stocks to Watch Today | InterGlobe Aviation, PNC Infratech, Kaveri Seed and others in news todayStocks to Watch Today | InterGlobe Aviation, PNC Infratech, Kaveri Seed and others in news today
Stocks to Watch Check out the companies making headlines before the opening bell. Co founder Gangwal family sold 2.74 percent stake in the company through open market transactions. Rakesh Gangwal offloaded 27.98 lakh shares at an average price of Rs 1,886.47 each, and 26.02 lakh shares at Rs 1,890.75 each, while his wife Shobha Gangwal […]
Rupee likely to depreciate on strong dollar, risk aversion in global markets
Created economies are enduring a shot from the dollar’s appreciation to multi-decade highs in manners that were again recognizable to their developing business sector peers. The Fed’s exchange weighted dollar list versus progressed economies has taken off 10% this year to the most grounded starting around 2002, while the developing business sectors measure is up […]