Forex

interbank foreign exchange

On Tuesday, the dollar struggled to find buyers as the market mood improved

The dollar struggled to find demand on Tuesday as market sentiment improved, but the benchmark 10-year US Treasury bond yield recaptured 3% early Wednesday, allowing the currency to remain reasonably resilient against its peers. Eurostat will publish the euro area’s first-quarter Gross Domestic Product (GDP) numbers. Later in the day, a 10-year US Treasury note auction will take place, and…

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global crude prices

The rupee rose 5 paise to 77.52 against the dollar, as local equities continued to rise

In early trade on Wednesday, the rupee rose 5 paise to 77.52 against the US dollar, as a robust trend in local equities improved investor spirits. However, forex traders claimed that rising global crude prices and continuing foreign capital outflows restricted the local currency’s appreciation bias. The rupee opened at 77.54 against the dollar on the interbank foreign exchange, then…

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Consumer Price Index (CPI)

The dollar takes a break as US yields drop ahead of CPI

The US dollar’s rally came to a halt as the DXY index dropped to 103.5 before the release of April’s US Consumer Price Index (CPI) numbers, while Treasury yields fell as investors switched away from a turbulent stock market amid fears about global growth and a potential inflation peak. The Japanese yen (JPY) and Swiss franc (CHF), the top laggards…

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Indian rupee

Rupee falls to a new low of 77.58 against the US dollar

The Indian rupee fell to a new record low against the US dollar on Thursday, echoing losses across Asian rivals. The drop in global and local shares following the US inflation report pointed at more aggressive Fed tightening amid deteriorating investor confidence hit down by global economic slowdown. The currency began trading at 77.56 per dollar and fell to a…

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