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Another ASML Tool Bit by US Export Curbs, China at 46 of Sales

AMSTERDAM, Oct 19 Reuters The chief executive of Dutch semiconductor equipment maker ASML Holding NV said one more of its products falls under new export restrictions rules affecting China announced by the U.S. this week. The Twinscan NXT1980Di tool can be used to help make both relatively advanced computer chips as well as midrange and older chips. In […]
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Pound Trips as Traders Mull Inflation, Wary over Middle East

LONDON, Oct 19 Reuters Sterling fell on Wednesday as traders stayed riskaverse and continued to digest data from Tuesday showing UK inflation unexpectedly held at 6.7 in September, raising the possibility of another rise in interest rates. At 0851 GMT, sterling was down 0.3 against the dollar to 1.2106, and fell by the same degree against the […]
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INR to Struggle on US Yield Concerns; Odds of Low seen Rising

MUMBAI, Oct 19 Reuters The Indian rupee is expected to be under pressure on Thursday after longmaturity U.S. Treasury yields climbed to multiyear highs on expectations that rates will remain high for long. Nondeliverable forwards indicate the rupee will open at around 83.2683.27 to the U.S. dollar compared with 83.2575 in the previous session and […]
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Dollar Firm ahead of Fed Chair Remarks; Yen Hovers near 150

TOKYO, Oct 19 Reuters The dollar held firm against its peers on Thursday ahead of remarks by Federal Reserve Chair Powell as expectations grew that the U.S. central bank will keep rates higher for longer. The greenback had the yen still hovering around Wednesday39;s twoweek low, not far from the psychologically sensitive 150mark. The Australian […]
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U.K.s CPI yy Higher Than Expected, U.S. Crude Inventory 4.5M b Draw, U.S. Stock Market Crash Intraday, Gold Crude Moved Higher

PREVIOUS TRADING DAY EVENTS 18 Oct 2023 The U.K.s yearly inflation figure was reported higher than expected at 6.7 in September, remaining the highest of any major advanced economy. This raises the possibility that the BOE will keep rates elevated or even proceed to hike rates in the near future. Petrol prices kept rising between […]
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