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Sterling Steadies against Dollar, Just below Recent High

LONDON, April 27 Reuters Sterling steadied against the dollar on Thursday, after two volatile days largely cancelled each other out, leaving the British currency not far off a 10month peak. The pound was flat at 1.2471, having risen 0.48 on Wednesday and fallen 0.58 on Tuesday as markets vacillated over whether U.S. banking jitters and […]
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SafeHaven Gold Firms on Economic Woes

Gold buoyed by banking system stresses Market awaits U.S. GDP and jobs data U.S. debt ceiling decision raises riskaversion analyst April 27 Reuters Prices of safehaven gold rose on Thursday as economic worries returned to the fore and traders awaited U.S. data for hints on the Federal Reserve39;s policy trajectory. Spot gold was up 0.6 […]
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A Stronger Yen could Jolt Global Markets

LONDON, April 27 Reuters Investors are positioning for a regime change in global markets as the Bank of Japan edges closer to ditching the policies that depressed the yen for decades, thereby luring Japanese money back home. The BOJ, by flooding its financial system with cheap cash and keeping interest rates below zero for years, […]
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INR Looks to Sustain Upside Momentum Aided by USD Inflows

MUMBAI, April 27 Reuters The Indian rupee will look to rise further versus the U.S. currency on Thursday, helped by dollar inflows, while contending with mixed Asian currencies. The nondeliverable forwards indicate the rupee will open at around 81.7081.75 to the dollar compared with 81.76 in the previous session. The local currency on Wednesday managed […]
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Europe Battles to Shake Off Nagging Banking Concerns

European inches higher, U.S. futures up after Meta beat Euro close to record tradeweighted high; oil steadies after tumble Focus turning to U.S. GDP data later today SYDNEY, April 27 Reuters The dollar remained under pressure and world share markets were trying to stay positive on Thursday, as ongoing rumbles in the U.S. banking system […]
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Chinas Job Market Tough, Especially for College Graduates, Vice Minister Says

BEIJING, April 27 Reuters China39;s job market remains tough, and it is becoming especially hard for college graduates to find jobs, vice Human Resources minister Yu Jiadong said on Thursday. China39;s cabinet on Wednesday unveiled plans to boost employment, including supporting financial institutions to offer loans to small firms and issuing subsidies to firms that […]
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