[ad_1] Last Updated: July 12, 2023, 01:25 IST New York, United States of America (USA) A petrol station attendant prepares to refuel a car in Rome, Italy, January 4, 2012. (Reuters File Photo) Oil prices surge 2% on falling dollar, demand hopes, and supply cuts. Brent settles at highest since April, WTI at highest since … Read more
[ad_1] Last Updated: July 08, 2023, 01:38 IST New York, United States of America (USA) Gold remains stubbornly bid – trading higher even before the number. Today’s report has given bulls some relief, at least short term, said Tai Wong, a New York-based independent metals trader. Gold prices rise as weaker US nonfarm payrolls cast … Read more
[ad_1] MUMBAI: The rupee ended little changed against the dollar on Tuesday even as most Asian peers gained on signs that the Chinese central bank may be wary of the yuan‘s recent decline.The rupee ended at 82.0250 to the dollar, up from 82.04 in the previous session.“Today was once again a day where we witnessed … Read more
[ad_1] Wall Street was mixed on Monday and crude prices rose as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. The S&P 500 was modestly lower, while megacap momentum stocks pulled the tech-heavy Nasdaq to a sharper decline. The blue-chip Dow … Read more
[ad_1] Last Updated: May 26, 2023, 23:53 IST New York, United States of America (USA) On Thursday US President Joe Biden expressed confidence about the talks, saying there will be no default and that recent talks had been productive.U.S. President Joe Biden and top congressional Republican Kevin McCarthy appeared to be closing in on an … Read more
[ad_1] The dollar edged up against most major peers on Tuesday as traders, seeing no immediate breakthroughs on the U.S. debt-ceiling talks, look to new inflation data for a clearer picture of the economic outlook and the Federal Reserve’s likely rate-hiking path. The dollar index, which measures the currency against six rivals, pared gains that … Read more
[ad_1] MUMBAI: The Indian rupee fell to a more than two-week low on Tuesday on the back of dollar purchases by importers and short covering by traders, with a rise in U.S. yields also adding to the pressure.The rupee ended at 82.0375 per U.S. dollar, compared with its close of 81.7950 in the previous session.The … Read more
[ad_1] The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March. Employers added 253,000 jobs, beating economists’ forecasts for a 180,000 gain. U.S. average hourly earnings rose at an annual … Read more
[ad_1] Last Updated: April 28, 2023, 02:41 IST 22 central banks have their currencies pegged to the US dollar. (Representative image/Reuters) Economists polled by Reuters had forecast GDP rising at a 2.0% rate The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the … Read more
[ad_1] At the interbank foreign exchange market, the rupee opened at 82.11 against the dollar. (File) Mumbai: Rising for the second straight session, the rupee appreciated 8 paise to close at 82.09 (provisional) against the US dollar on Friday, supported by softening crude oil prices in the international markets. However, a muted trend in domestic … Read more