TOKYO, Aug 21 Reuters The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially crucial revisions to U.S. payrolls data later in the day, ahead of a speech by Federal Reserve Chair Jerome Powell at the end of the week. The U.S. currency also dipped below the closely watched […]

BENGALURU, Aug 21 Reuters Indian shares took a breather on Wednesday after a foursession rally, mirroring the move in other Asian markets, while analysts expect traders to buy the dip through the day. The NSE Nifty 50 index was off a mere 0.04 at 24,691.42 as of 1020 a.m. IST, and the SP BSE Sensex shed 0.02 […]

Euro now 2nd best performing major currency vs USD in 2024 Could rally to 1.12 nearterm, FX analysts say Gains seen limited, uncertainties still high Aug 21 Reuters The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a […]

JOHANNESBURG, Aug 19 Reuters The South African rand strengthened to a nearly 13month high on Monday, ahead of the release of domestic inflation data on Wednesday which may provide hints on the country39;s future interest rate path. At 1519 GMT, the rand traded 0.7 firmer at 17.7375 against the dollar , a level not seen […]

Aug 20 Reuters Major stock markets in the Gulf were subdued on Tuesday amid concerns of weak oil demand, even as rising expectations of a U.S. interest rate cut next month provided some support. Oil prices, a catalyst for the Gulf39;s financial markets, edged lower on easing worries about a supply disruption in the Middle East and […]

Fed to deliver 3 quarterpoint rate cuts this year, poll shows Minutes of Fed39;s July FOMC meeting due on Wednesday SPDR Gold Trust holdings highest in seven months Aug 20 Reuters Gold held steady near its record high on Tuesday as investors awaited U.S. Federal Reserve minutes and Chair Jerome Powell39;s speech for indications on […]

BENGALURU, Aug 20 Reuters Indian shares tracked Asian peers higher on Tuesday, led by information technology stocks, on hopes the U.S. Federal Reserve will start cutting rates from September. The NSE Nifty 50 index was up 0.53 at 24,702.65 as of 1010 a.m. IST, and the SP BSE Sensex rose 0.51 to 80,839.08. Ten of the 13 […]

Aug 20 Reuters Sterling hit a onemonth high against a weakening dollar and was flat versus the yen on Tuesday. Investors are awaiting business activity figures on Thursday and comments from Bank of England governor Andrew Bailey at a meeting of central bankers at Jackson Hole on Friday. Official data showed signs of improvement for […]

Aug 20 Reuters The dollar hit a fresh sevenmonth low on Tuesday with traders bracing for comments from Federal Reserve Chair Jerome Powell due on Friday, which could provide clues about the speed of the U.S. monetary easing cycle. Meanwhile, Sweden39;s crown fell after swinging up and down in morning trade as the central bank […]

Previous Trading Days Events 19.08.2024 U.S CB Leading Index mm The composite index, measuring changes across 10 economic indicators for July, was forecasted at 0.4 but actual data revealed a deeper decline at 0.6. Winners Vs Losers In The Forex Market On August 19, 2024, in the forex market, NZDUSD led gains with a 1.03 […]