Gold at SevenMonth Low as US Dollar, Yields Extend Rally

Gold hits lowest since early March US job openings unexpectedly rise in August Oct 3 Reuters Gold prices languished near a sevenmonth low on Tuesday, weighed down by a robust dollar and elevated bond yields as the likelihood of U.S. interest rates staying higher for longer dominated sentiment. Spot gold was down 0.1 at 1,825.09 […]
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Auto, IT Drag Indian Shares as Risk Aversion Carries

BENGALURU, Oct 4 Reuters Indian shares fell on Wednesday after mixed cues from September sales dragged auto stocks down, while information technology IT stocks fell on worries of a prolonged high interest rate regime in the U.S. The NSE Nifty 50 index was down 0.69 at 19,393.55, as of 0955 a.m. IST, and the SP BSE […]
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Euro Parity is Back on the Dial for FX Markets

Euro outlook deteriorates on high oil prices Don39;t rule out a move to parity, analysts say Euro shed 3 in Q3, on track for 3rd year of losses LONDON, Oct 4 Reuters Resurgent oil prices hurting a deteriorating economy and renewed concerns about Italy39;s fiscal position mean headwinds for the euro are getting stronger, raising […]
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Yen Picks Up as Intervention Chatter Runs Rife, Dollar near 11Month High

SINGAPORELONDON, Oct 4 Reuters The yen rose slightly on Wednesday, moving away from the closely watched 150 per dollar mark, after a shortlived surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency. The Japanese currency was up around 0.12 at 148.93 per dollar in early European trading, after unexpectedly surging nearly […]
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Canadian Dollar Hits 6Month Low as Bond Yields Soar

Canadian dollar weakens 0.3 against the greenback Touches its weakest since March 27 at 1.3735 Oil rebounds from a threeweek low 10year yield jumps 23.6 basis points TORONTO, Oct 3 Reuters The Canadian dollar weakened to a sixmonth low against its U.S. counterpart on Tuesday as surging longterm borrowing costs spooked investors and despite hawkish […]
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