World stocks rose while US Treasury yields and the dollar fell, after the latest US inflation data showed price pressures surging
The U.S. dollar fell to a fresh two-month low against a basket of currencies on Wednesday after data showed U.S. consumer prices rose solidly in December, but in line with economists' expectations
Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in a rush to speed up plans for tightening monetary policy
The rupee appreciated by 16 paise to 73.78 against the US dollar in opening trade Wednesday, supported by the weakening of the American currency in the overseas market and positive domestic equities
China's yuan strengthened on Wednesday to its highest level so far this year against the dollar
The dollar slid to its weakest since November against major peers after Federal chief Jerome Powell said it may take several months to make a decision on balance sheet
Spot gold rose 0.3% to $1,805.87 per ounce by 1027 GMT. U.S. gold futures rose 0.4% to $1,806.10
The dollar slipped on Tuesday but was stuck within recent ranges as investors waited for U.S. Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day
Powell is seeking a second four-year term as head of the Fed, and his appearance before the committee will be followed by a hearing with vice chair nominee Lael Brainard on Thursday
The dollar edged higher against a basket of currencies on Monday as recent employment data prompted some Wall Street banks to raise their estimates for Federal Reserve interest rates
The dollar had met with selling late last week after a weaker-than-expected headline US job-creation figure squeezed traders out of long dollar positions
The dollar started the week with support as traders bet US inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates
The dollar index fell 0.546% at 95.734, and was poised for its biggest drop since Nov. 26, when concerns about the Omicron COVID-19 variant began to rattle markets
The dollar index weakened after the Labor Department said nonfarm payrolls rose by 199,000 last month, well short of the 400,000 estimate
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves
The rupee gained 12 paise to close at 74.30 (provisional) against the US dollar on Friday, tracking positive domestic equities.
The dollar is set to notch up a fifth consecutive weekly gain on the Japanese yen and looks poised to extend the rally
The rupee declined by 6 paise to 74.44 against the US dollar in opening trade on Thursday
TOKYO (Reuters) - The dollar hovered near a five-year high to the yen on Thursday, supported by a surge in U.S. Treasury yields on rising bets for a Federal Reserve rate hike by March.
The US dollar rose for a fifth straight day against the Japanese yen on Tuesday, hitting a five-year high