Tag: News

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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Rupee slumps 49 paise to 75.82 against US dollar in early trade

The rupee declined 49 paise to 75.82 against the US dollar in opening trade on Wednesday amid a weak risk appetite as tensions escalated in Eastern Europe. Forex traders said sustained foreign fund outflows, a lackluster trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 75.78 against the US dollar,…

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Dollar bulls take a breather amid a quiet start to a Big week

The sentiment on the global markets remains perky following an impressive turnaround on Wall Street last Friday, courtesy of a beat on Apple Inc.’s earnings. Despite the positive mood, thin trading prevails as a bunch of Asian markets, including China, are closed due to the Lunar New Year holiday break. Traders seem to have shrugged off the weak Chinese business PMI…

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