Page 3 - Us Dollar

Crude oil prices rise modestly as concerns over supply risks arise

The West Texas Intermediate (WTI) for June delivery added 48 cents, or 0.5 per cent, to settle at 105.17 US dollars a barrel on the New York Mercantile Exchange

US Dollar rises towards 20-year high, euro dips after weak data

Markets are pricing in an aggressive run of rate hikes from the Fed as it tries to tame soaring inflation

Rupee ends flat against US dollar amid forex outflows, oil prices decline

The rupee pared initial gains to settle almost flat against the US dollar on Monday as subdued domestic equities offset the impact of a sharp decline in global crude oil prices. A strengthening American currency overseas and continuous foreign fund outflows also weighed on the domestic unit, forex traders said. At the interbank foreign exchange market, the rupee opened slightly higher at 76.48 against the American dollar and gained further ground to trade at 76.35. It oscillated between a high of 76.35 and a low of 76.51 during the session. The rupee finally settled at 76.51 against the dollar, showing a marginal fall of 1 paisa. Brent crude futures, the global oil benchmark, declined 2.61 per cent to USD 104.34 per barrel. On the domestic equity market front, the 30-share BSE Sensex ended 84.88 points or 0.15 per cent lower at 56,975.99, while the broader NSE Nifty fell 33.45 points or 0.20 per cent to 17,069.10. Meanwhile, the dollar index, which gauges the greenback's strength

Rupee surges by 18 paise to close at 76.43 against US dollar

At the interbank forex market, the domestic unit opened at 76.62 against the US dollar

Global shares rise as earnings boost, US dollar hits 20-year high

The yen dropped to a 20-year low after the Bank of Japan vowed to buy unlimited amounts of 10-year bonds daily to defend its yield target

Dollar hits 20-yr high, euro at 5-yr low as yen tumbles on dovish BOJ

The dollar shot past the key level of 130 yen after the BOJ strengthened its commitment to keep interest rates ultra-low

Indian Rupee settles 4 paise higher at 76.53 against US dollar

The rupee pared initial losses to settle 4 paise higher at 76.53 (provisional) against the US dollar on Thursday, tracking positive domestic equities. The appreciation bias in the local unit is likely to be capped in the near term amid strong American currency, inflationary concerns and fears about an aggressive pace of the US rate hikes, traders said. At the interbank forex market, the rupee opened at 76.60 against the greenback and moved in a range of 76.43 to 76.71 in the day trade. It finally closed at 76.53, registering a rise of just 4 paise over its previous close of 76.57. On Wednesday, the rupee had settled almost flat at 76.57 against the US dollar. "Rupee weakened in the first half of the session but rose in the latter half despite broader gains in the dollar. The dollar has been rising on the expectation that the Fed could raise rates at the next week's meeting," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Inflation remains a ...

Dovish Bank of Japan sends yen to 20-year low, pressure on euro grows

The dollar rose past the psychological level of 130 yen on Thursday for the first time since 2002, after the Bank of Japan (BOJ) doubled-down on its super-low yield policy

Gold prices fall to 2-month low on lofty dollar, imminent US rate hike

The dollar index had reached a five-year top of 103.28, and a further push above 103.82 would see it to levels not visited since late-2002

Why dollar will remain dominant

Although the US dollar's share in global reserves has declined over the years, and attempts are being made to popularise other currencies, there has been no real threat to its dominance.

Euro falls below $1.06 for first time in five years amid growth slowdown

The euro slipped to a five-year low of $1.05860 after Russia's Gazprom said it would cut gas supply to Poland and Bulgaria, as the crisis in Ukraine deepened

Rupee slumps 16 paise to 76.72 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 102.34

Rupee recovers to 76.60 against US dollar as crude falls, stocks rally

At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade

Gold regains some ground as US treasury yields, dollar edge lower

The dollar eased from a two-year high scaled in the previous session, making greenback-priced gold cheaper

Dollar ascends amid China's Covid-19 fears, Fed rate hike pace meanwhile

The price of the US Dollar has ascended amid China's fear on another impending wave of Covid-19 in the country. Meanwhile Fed rates have also peaked up.

Euro drops after ECB's mixed comments; dollar hits fresh 25-month high

ECB President Christine Lagarde struck a dovish tone by saying the central bank might need to cut its growth outlook

Rupee slumps 32 paise to close at 76.49 against dollar on equities sell-off

Persistent foreign capital outflows also dented investor sentiment, forex traders said

As equities rally, Rupee gains 15 paise to end at 76.15 against US dollar

The rupee appreciated by 15 paise to close at 76.15 (provisional) against the US dollar on Thursday amid a weak greenback overseas and a rally in domestic equities. However, surging crude prices and persistent foreign fund outflows capped the gains, forex traders said. At the interbank forex market, the rupee opened slightly higher at 76.28 against the greenback and moved in a range of 76.36 to 76.09. It finally settled at 76.15, higher by 15 paise over its previous close of 76.30. On the domestic equity market front, the BSE Sensex ended 874.18 points or 1.53 per cent higher at 57,911.68, while the broader NSE Nifty jumped 256.05 points or 1.49 per cent to 17,392.60. Brent crude futures, the global oil benchmark, rose 1.02 per cent to USD 107.89 per barrel. The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.43 per cent to 99.98. Foreign institutional investors were net sellers in the capital market on Wednesday as they offloade

Dollar edges up 0.16% but cautious as finance ministers G7 meet

The dollar index - which measures the currency against six peers including the yen - ticked up 0.16% to 100.50, following its retreat in the previous session from a more than two-year peak of 101.03

Indian rupee almost flat against US dollar at 76.31 in early trade

Unabated foreign fund outflows and fluctuations in international crude prices weighed on investor sentiments, forex traders said