DOLLAR
Indian Rupee ends stronger vs US dollar amid selling pressure
The rupee touched an intraday record low of 84.507 to a dollar, but ended stronger at 84.445/$1, despite the US dollar index strengthening to a two-year high, as the Reserve Bank of India (RBI) likely sold the greenback to cap further depreciation in the currency, traders said.
Rupee closes stronger, RBI intervention blunts impact of surging dollar
Analysts reckon that the President-elect's policies could reignite inflation in the U.S. and temper future rate cuts by the Federal Reserve
Rupee trades in narrow range against US dollar in early trade
The Indian rupee opened relatively flat against the US dollar despite support from positive domestic equities. Geopolitical concerns, strong US dollar performance, and continued foreign portfolio outflows weighed on the rupee. The rupee reached an all-time low on Thursday due to the strengthening US dollar and high US yields.
Rupee slides to all-time low due to outflows from local stocks
?The rupee closed at its all-time low of 84.4925 per US dollar, down nearly 0.1% on Thursday. On an intraday basis, the local currency touched a record low of 84.495/$1, LSEG data showed.
Dollar hugs 13-month peak as market awaits next Fed cue
The U.S. dollar hovered near a 13-month high as investors weighed the Federal Reserve's interest rate trajectory. The euro faltered due to European uncertainty, while bitcoin approached the $100,000 threshold. Meanwhile, Japan's yen strengthened as core inflation stayed above the Bank of Japan's target, signaling potential interest rate increases.
Rupee weakens to record low pressured by foreign portfolio outflows
The Indian rupee plummeted to a historic low against the US dollar due to a mass exodus of foreign investments from the Indian stock market. This decline was fueled by a steep drop in Adani group shares following allegations of a bribery scheme and uncertainty surrounding the Federal Reserve's interest rate policy.
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Dollar pulls ahead as markets focus on Trump policies, Fed outlook
The U.S. dollar strengthened as traders awaited clarity on President-elect Trump's policies and the Federal Reserve's interest rate plans. The dollar's rise was fueled by speculation that Trump's policies could boost inflation. Meanwhile, the euro weakened amid concerns about potential trade tariffs and the Russia-Ukraine conflict.
Dollar sags to one-week low after safety bid, 'Trump trade' momentum wanes
The U.S. dollar weakened against major currencies, extending a three-day decline from a one-week high as the market stabilized after a rally following Donald Trump's election. Bitcoin reached a new all-time high, driven by expectations of a more favorable regulatory environment under Trump.
Rupee declines to record low, RBI intervention helps limit losses
The Indian rupee fell to a record low against the US dollar. The Reserve Bank of India intervened to support the currency. Asian currencies traded mixed as the dollar index rose. Sustained portfolio outflows have weighed on the rupee. The RBI's interventions aim to curb volatility while allowing gradual depreciation.
Rupee rises 2 paise to 84.40 against US dollar in early trade
The Indian rupee saw a slight rise against the US dollar, reaching 84.40 in early trade due to recovering domestic equity markets and a weaker dollar. However, significant foreign fund outflows and rising crude oil prices limited the rupee's gains.
Dollar rally stalls, giving yen respite
The Japanese yen stabilized against the US dollar after a recent decline, as the US currency experienced profit-taking following a rally. Despite the yen's struggles, Bank of Japan Governor Kazuo Ueda provided no hints about potential interventions. Meanwhile, the US dollar retreated from its one-year high, with analysts attributing the pullback to profit-taking after its recent surge.
Rupee rises 8 paise to 84.38 against US dollar in early trade
The Indian rupee saw a slight recovery against the US dollar, appreciating to 84.38 despite a strong dollar and foreign fund outflow. Lower crude oil prices aided the rupee's rise, while rising inflation and a surge in US Treasury yields posed challenges. India's merchandise exports surged, but the trade deficit widened, and forex reserves declined.
Dollar sitting pretty, yen bears wary of BOJ hawks
The dollar's value surged due to high U.S. Treasury yields and expectations of fewer interest rate cuts, making it more appealing to investors. However, concerns about potential intervention by Japanese authorities to support the weakening yen caused the dollar to retreat against it.
Dollar notches weekly gain as traders reassess rate cut expectations
The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump's policies could fuel inflation, giving the Federal Reserve less leeway to reduce rates.
Dollar eyes weekly gain on slower Fed easing, inflation outlook
The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. The common currency last bought $1.0530, languishing near a one-year low hit in the previous session.
Why is the euro falling and could it hit $1?
The euro has tumbled to one-year lows against the dollar, fueled by fears of U.S. tariffs hurting the eurozone economy. While some analysts believe the euro could reach parity with the dollar, others see potential for a rebound, citing factors like faster ECB rate cuts and a potential boost to the German economy.
Dollar at one-year high as Trump trade momentum eclipses Fed easing view
The US dollar reached a one-year high. Donald Trump's election win boosted the US dollar. Bitcoin also reached a new high. Trump aims to make the US the crypto capital. Higher trade tariffs are expected under Trump's leadership. The dollar index increased. Long-term treasury yields also rose. The Australian dollar remained stable.
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
The U.S. dollar hovered near a 6-1/2-month high, buoyed by expectations of inflationary policies under the incoming Trump administration. Bitcoin paused near record highs. Investors awaited U.S. inflation data, which could influence the Federal Reserve's interest rate trajectory. The euro remained weak amid political uncertainty in Germany.
Rupee falls to fresh low of 84.41 against US dollar
A likely intervention from the central bank prevented a sharp fall, traders said, even as the dollar has been strengthening against all other currencies since the beginning of this month, notably after Donald Trump won the US elections, prompting global concerns about a steeper tariff structure will stoke inflation in the world's largest economy and prevent further rate reductions by the Federal Reserve.
Rupee falls to record low on buoyant dollar, persistent outflows
The rupee hit a low of 84.4125 before ending at 84.3925, unchanged from its closing level in the previous session. The currency has fallen to record lows for five straight sessions.
Dollar soars with bitcoin as Trump trade ramps up; euro, yuan battered
The U.S. dollar surged to a four-month high as investors bet on Trump's policies boosting the economy. Bitcoin hit a record high, fueled by Trump's pro-crypto stance. Meanwhile, the euro and yuan weakened on fears of Trump's trade policies.
Dollar braces for US inflation data and several Fed speakers
The US dollar strengthened as investors awaited US inflation data and speeches from Federal Reserve officials. Meanwhile, the Chinese yuan weakened due to disappointing stimulus measures from Beijing. The Australian and New Zealand dollars also declined because of their exposure to the Chinese economy.
Dollar on track for weekly gain after Trump election win
The dollar strengthened against major currencies, heading for a weekly gain as investors assessed the potential impact of Donald Trump's surprise election victory on the U.S. economy. While Trump's policies are expected to boost growth and inflation, uncertainty remains over their implementation. Market volatility reflects this uncertainty as investors await policy details.
Dollar winds down after volatile week, China NPC in focus
The dollar steadied after a volatile week influenced by Donald Trump's presidential win and its potential economic impact. Markets await details on China's stimulus plans from the National People's Congress meeting. The Federal Reserve's cautious approach to future rate cuts and the Bank of England's rate cut alongside optimistic UK economic forecasts also factored into currency movements.
Rupee hits record low on equity outflows, strong dollar outlook
The Indian rupee fell to its weakest level on record on Thursday, hurt by outflows from local equities and on expectations that Donald Trump's victory in the U.S. presidential race may boost the dollar going forward.
Dollar soars, euro tumbles as Trump wins US presidential election
The dollar surged to a four-month high after Donald Trump's victory in the U.S. presidential election. Markets reacted to expectations of policies that could accelerate U.S. growth and inflation. Trump's proposed tariffs and deregulation could impact global economies and currency markets. While the immediate impact was a stronger dollar, Trump's preference for a weaker currency adds uncertainty to long-term forecasts.
Rupee, EM peers slide with dollar index on victory run
In relative terms, however, the rupee's 0.2% decline through the day was modest in comparison with competing Asian monetary units where the US holds a disproportionate share in their respective merchandise exports. Thai Baht depreciated the most at 1.8%, while the Chinese Yuan slumped 1.2%.
Dollar dips as US voters head to polls
The US dollar dropped as voters went to cast their ballots in the US elections. The election results were expected to impact the dollar's value. The dollar's fall came despite predictions of a win for a particular candidate. Market analysts observed cautious sentiment among investors. The outcome of the Federal Reserve's meeting was also a point of interest for traders.
Dollar slips as FX traders gird for US election outcome
The dollar eased on Tuesday as traders squared positions ahead of what is expected to be a close U.S. presidential election, while options volatility soared after recent polls dented some market bets on a victory for Republican Donald Trump.
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