YEN TO USD
Gold price forecast: Why did gold fall below $3,300 and what Trump's new China tariffs and upcoming US jobs data mean for gold’s next big move
Gold price forecast: Gold price slipped below $3,300 this week, raising eyebrows across markets. Investors are now closely watching US economic data, the dollar's strength, and Trump’s fresh trade moves. This dip comes after gold's record-breaking rally, but shifting risk sentiment and easing geopolitical fears have shaken its safe-haven status. With rate cut hopes still alive and global cues uncertain, will gold rebound or drop further?
Dollar sellers pause with eye on US jobs
The dollar began the week steadily as investors await key U.S. economic data, including jobs figures and GDP, to assess the impact of trade tensions. Despite a recent bounce, the dollar is on track for its largest monthly fall in years, fueled by concerns over U.S. trade policy.
The Ripple Effect of US tariffs: Economic growth, inflation, and global trade dynamics
US tariffs risk slowing growth, clouding inflation outlook, and weakening the dollar. Treasury yields rise amid capital flight. Global fiscal stimulus builds, boosting gold. Multinational and domestic consumption-focused companies could outperform as uncertainty and stagflation risks rise.
Dollar rebound loses steam with trade in focus
The dollar stabilized on Thursday after a surge, following positive signals from President Trump regarding the Federal Reserve and potential easing of China tariffs. It rebounded against the yen, reaching 143.25. Treasury Secretary Bessent's comments on currency targets and trade with China further influenced the dollar's recovery.
US stock market today: Futures rebound as Trump rate cut push shakes markets; Dow jumps 230 points, Nasdaq gains, Bitcoin surges, gold spikes, and Wall Street tracks earnings, yields, and global momentum
US stock futures rise as Wall Street claws back from a heavy sell-off driven by Donald Trump's push for rate cuts. Dow futures jumped over 230 points, while S&P 500 and Nasdaq followed with solid gains. Investors are watching earnings reports, Treasury yields, and Bitcoin's breakout closely. Meanwhile, gold prices surged, Kimberly-Clark lowered its profit outlook, and Verizon lost more subscribers than expected. The market also saw fresh action in pharma, energy, and European stocks. This rally feels like a breather after a rough Monday — and there’s a lot more brewing underneath.
Dollar sinks to 7-month low vs yen as Trump's attacks on Fed chief unsettle traders
The U.S. dollar weakened against the yen and other major currencies due to President Trump's criticism of the Federal Reserve and concerns over trade negotiations. Trump's attacks on Fed Chair Powell raised doubts about the central bank's independence, further eroding investor confidence. Trade anxieties, particularly with China, also contributed to the dollar's decline.
- Go To Page 1
Dollar wallows near 3-year low as Trump's attacks on Fed chief unnerve traders
The dollar weakened near a three-year low as President Trump's criticism of Fed Chair Powell undermined investor confidence. Concerns arose about potential actions to replace Powell, triggering fears of a dollar panic. Escalating trade tensions with China further fueled economic anxiety, contributing to the dollar's decline against major currencies like the euro and Swiss franc.
Trump’s push against Powell is latest reason to sell US assets
US President Trump's contemplation of dismissing Federal Reserve Chairman Jerome Powell triggered a sell-off of US assets. The dollar weakened, stock futures declined, and Treasury yields rose as investors grew concerned about the implications for the US economy. This development, coupled with trade tariff worries, further fueled doubts about the dollar's stability.
Japan reports $63 billion trade surplus with US as it talks with Trump on tariffs
Japan's fiscal year saw a trade deficit of 5.2 trillion yen, despite a significant surplus of 9 trillion yen with the US. This surplus is a point of contention with President Trump, who has threatened higher tariffs. While Japan's overall exports rose, a weaker yen made imports more expensive, and some Asian exports may be rerouted to avoid US tariffs.
Dollar slides towards Easter weekend
The dollar is poised for its fourth consecutive weekly loss due to tariff concerns, despite rebounding from a seven-month low against the yen after U.S.-Japan trade talks avoided currency discussions. Investor confidence in U.S. economic growth has been undermined by trade tensions, benefiting safe-haven currencies like the Swiss franc.
Dollar sellers take a breather; sterling stands tall
The dollar experienced a slight recovery on Wednesday. Investors paused after weeks of selling. Markets are awaiting progress on US trade talks. Chinese economic data is expected. Federal Reserve Chairman Jerome Powell is scheduled to speak. The Bank of Canada may cut rates. Sterling hit a six-month high. The US dollar index hovered near 100.
US stocks shaky, while falling US dollar, bond prices indicate more fear amid trade war
US stocks are shaky Friday as Wall Street's monstrous week heads toward its close, while the rising price of gold, falling value of the US dollar and moves in other financial markets indicate more fear as President Donald Trump's trade war with China escalates even further.
Rupee posts worst week in 2 months, US dollar's decline cushions fall
The Indian rupee logged its worst week since February as drastic shifts in U.S. trade policy sparked volatility in global markets and weighed on risk assets, but also pummelled the dollar, which helped limit the losses.
Rupee rises 51 paise to 86.17 against US dollar in early trade
The Indian rupee surged by 51 paise to 86.17 against the US dollar in early trading, fueled by strong domestic equity market performance and a weaker greenback. Contributing factors include declining oil prices and President Trump's temporary suspension of tariffs. The dollar index weakened, boosting safe-haven assets.
Japan to be proactive in communicating with US on forex, its finance minister says
Japan's Finance Minister, Katsunobu Kato, announced that Japan will actively coordinate with the U.S. on foreign exchange matters. This decision stems from a mutual understanding that excessive currency volatility is detrimental to economic stability. Both nations agree that market forces should dictate currency rates, and disorderly movements should be avoided. The dollar recently hit a low of 143.
Dollar slides to decade-low vs Swiss franc on US asset selloff
The dollar weakened significantly on Friday due to growing concerns about the U.S. economy, prompting investors to seek safer assets like the Swiss franc, yen, euro, and gold. Gold reached a record high, while the franc hit a decade peak.
Dollar weakens as dust settles on Trump's shock tariff pause
Trump on Wednesday stunned markets by awarding a 90-day reprieve on his "Liberation Day" reciprocal levies that had gone into effect less than 24 hours earlier, though he maintained a baseline tariff rate of 10% on most countries.
US dollar rebounds against safe-haven currencies after Trump pauses tariffs
The U.S. dollar rebounded against safe-haven currencies including the yen and Swiss franc after President Donald Trump announced a 90-day pause on many new tariffs on trading partners but hiked duties on Chinese goods, escalating a confrontation.
Safe havens yen, Swiss franc surge as Trump's tariffs hit dollar
Pro-growth currencies like the Australian and New Zealand dollars were not spared in the market rout that battered risk assets and wiped out nearly $6 trillion in value from U.S. stocks last week, on mounting fears of a global recession, particularly in the United States.
Relatively lower tariff hit, slumping dollar helps rupee hold ground
The rupee closed stronger at 85.43 against the USD, helped by a weaker dollar and inflows, while India faces a softer tariff levy than its regional peers. The rupee trimmed earlier losses, supported by broad-based interbank offers, and was further bolstered as the dollar index dropped significantly.
India's external debt rises to $717.9 bn at December-end
India's external debt rose by 10.7% to USD 717.9 billion in December 2024 from USD 648.7 billion in December 2023, with a slight 0.7% quarter-on-quarter increase. The external debt to GDP ratio was 19.1%, and US dollar-denominated debt remained the largest component, followed by the Indian Rupee, Japanese Yen, SDR, and Euro.
Trump has left economists connecting the dots, and it does not paint a rosy picture
Since assuming presidency of the United States for his second term, Trump has been imposing tariffs, no holds barred. Be it launching against the US largest trading partners or accelerating the antagonistic stance against China, or threatening other economies including the European Union and India, Trump has been imposing what seem to be blindly sweeping tariffs across countries and sectors.
Dollar slips on growth fears before next tariff announcement
The dollar fell on Friday due to growth concerns and uncertainty ahead of President Trump's planned tariff announcement. The yen strengthened as stocks plummeted and Treasury yields dropped. Core inflation and consumer spending in the U.S. showed significant changes, while European economic data also influenced market movements.
Dollar unmoored as traders unsure on tariffs
The dollar experienced a slight dip as weak U.S. confidence data and concerns over the impact of potential new tariffs on autos, chips, and pharmaceuticals on U.S. growth were noted. Market focus shifts to next week when President Trump is expected to detail these tariffs, potentially causing further market fluctuations.
Data lifts dollar as Trump talks tariffs
The dollar climbed to a three-week high on the yen and was strong across various currencies, driven by positive U.S. services data and hopes for tariff reductions. President Trump suggested not all tariffs would be introduced on April 2, bringing cautious optimism about U.S. growth and market conditions.
U.S. dollar stands tall after Fed signals no rush to cut rates
The U.S. dollar strengthened against major currencies following a Federal Reserve decision to keep interest rates steady, signaling no rush to cut rates. The Australian and New Zealand dollars suffered losses due to concerns over economic impacts from Trump's aggressive trade tariffs.
What's behind the fiasco at IndusInd Bank?
The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivatives must be marked to market (MTM), which requires valuing assets and liabilities according to prevailing market price.
Euro gains after German fiscal deal; dollar buoyed with US government shutdown likely averted
The euro gained on Friday after German parties agreed on a fiscal deal that boosts defence spending and infrastructure. The dollar weakened against the euro but strengthened against the Swiss franc and the yen. U.S. inflation expectations rose, hinting at the Federal Reserve's cautious approach to rate cuts. The pound weakened as the British economy contracted.
Dollar dithers as safety bid flows to the yen
The yen traded near five-month highs amid investor fears of a U.S. tariff-driven economic slowdown, with U.S. stocks and the dollar showing declines. The Nasdaq fell 4% and the S&P 500 slid 2.7%. Analysts noted the dollar's lack of appeal despite the usual rise during market volatility, highlighting concerns over U.S. growth and equity market stability.
Load More
