DOLLAR
Trump reports hundreds of millions of dollars from crypto, golf, licensing fees
Donald Trump's financial disclosure reveals substantial income from crypto ventures, golf clubs, and licensing deals. The report, seemingly covering 2024, highlights his crypto push, including significant fees from a meme coin and decentralized finance. Trump's properties, especially golf resorts, generated considerable revenue.
Can rupee recover from its worst fall in over a month due to rising oil prices?
The Indian rupee weakened to 86.20 per dollar due to rising crude oil prices following Israeli strikes on Iran, but closed at 86.08/$1 after likely RBI intervention. Brent crude surged to $75 per barrel, impacting risk sentiment and pushing the 10-year bond yield to 6.40% before settling at 6.36%. Geopolitical tensions created a fragile mood for bonds.
USD Dollar Rate vs Gold Price: Experts predict rates amidst Israel-Iran conflict
Israel-Iran conflict has an effect on gold price and USD rate. Will prices of safe-haven assets go up?
Dollar and other safe havens rise as Israel strikes Iran
Currency markets saw a sudden shift as Israel initiated strikes on Iran. The US dollar, Japanese yen, and Swiss franc strengthened. Crude prices rose sharply due to potential supply disruptions. Gold prices also surged to their highest level since early May. Risk-sensitive Asian currencies weakened following the news.
GIFT Nifty down 200 points; here's the trading setup for today's session
Indian equities experienced a significant decline on Thursday, influenced by geopolitical tensions and uncertainty surrounding the US-China trade deal. Despite the fall, technical indicators suggest a potentially strong underlying trend, with analysts anticipating market consolidation. Foreign investors were net sellers, while domestic institutional investors were net buyers, and the rupee saw a slight appreciation against the US dollar.
Asian stocks slide, oil and gold jump after Israel strikes Iran
Asian equity-index futures saw gains following positive Wall Street performance driven by cooling US inflation data, bolstering expectations for Federal Reserve rate cuts. The dollar weakened, and Treasury yields declined. Geopolitical tensions and potential tariff increases introduced some market uncertainty, while optimism grew regarding corporate investment due to anticipated deregulation and tax cuts.
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Rupee ends a tad lower, hurt by corporate dollar bids, outflows
The Indian rupee weakened slightly to 85.60 against the dollar due to corporate demand and potential portfolio outflows, despite a broadly weaker dollar boosting Asian currencies. The rupee underperformed regional peers, weighed down by India's external investment deficit. Equity indexes fell amid U.S.-China trade deal uncertainty and Middle East tensions. Dollar-rupee forward premiums rose as bets on a U.S.
Rupee rises 7 paise to 85.46 against US dollar in early trade
The rupee strengthened to 85.46 against the US dollar, buoyed by a weaker dollar, lower crude oil prices, and positive domestic equity market sentiment. Gains were limited by foreign institutional investor outflows. Traders are awaiting CPI data, which could influence the rupee's trading range, while monitoring importer and exporter hedging strategies.
Dollar slides on easing trade tensions, Fed expectations
The dollar weakened due to Trump's potential shift in tariff talks and expectations of Federal Reserve rate cuts. The euro reached a seven-week high. Sterling rose, while the Australian and New Zealand dollars saw slight increases. U.S. consumer prices rose less than expected in May. A fragile truce in the U.S.-China trade war was restored after talks in London.
US stock futures, dollar dip on tariff threat
Global markets reacted with caution as President Trump hinted at imposing unilateral tariffs within two weeks, reigniting trade tensions. US equity-index futures dipped, and the dollar weakened, while gold saw a surge in demand as a safe haven. Oil prices jumped amid escalating Middle East tensions.
Rupee sticks to muted price action, implied volatility retreats
The Indian Rupee saw a slight increase on Wednesday. It remained within a limited range due to balanced client activity. Dollar-Rupee volatility decreased. The Rupee closed at 85.51 against the U.S. Dollar. Asian currencies remained stable. Mild dollar sales from foreign banks supported the Rupee. Market focus shifts to U.S. inflation data.
Dollar keeps losing market share but euro is no winner either: ECB study
The dollar continued to lose market share last year as the world's dominant currency but mostly smaller rivals and gold benefited rather than the euro, which aspires to fill any void left by receding confidence in the greenback, an ECB report showed.
Rupee rises 6 paise to 85.51 against US dollar in early trade
The Indian Rupee appreciated against the US Dollar due to Foreign Institutional Investor inflows and lower crude oil prices. Forex traders predicted a trading range for the rupee. The BSE Sensex and Nifty indices saw gains. US court ruling impacted trade tariff hopes. Brent crude prices experienced a slight decrease. FIIs were net buyers of equities.
Gold rises on lower dollar, US-China trade uncertainty
Gold prices saw an increase on Wednesday. This rise is attributed to a weaker dollar and doubts surrounding the final United States-China trade deal. Markets are keenly awaiting United States inflation data for further guidance. United States and Chinese officials have agreed on a framework to resolve trade issues. The World Bank has lowered its global growth forecast.
Dollar holds steady after US, China reach framework deal to ease export curbs
The dollar remained stable against major currencies on Wednesday. This followed an agreement between the United States and China on a trade framework. The deal aims to resolve the trade war. Investors are watching for details. They hope it will rebuild trust between President Xi and President Trump. The market also awaits U.S. inflation data and UK's public spending plans.
Subdued Asian FX, 'matching' flows anchor rupee in quiet trading day
The Indian rupee remained stable on Tuesday, mirroring the quiet movement of Asian currencies, closing at 85.6025 against the U.S. dollar. Investors are cautiously awaiting the outcome of U.S.-China trade talks, influencing market sentiment. While some Asian currencies have gained from the dollar's weakness, India's external investment deficit poses a challenge for the rupee.
Societe Generale to launch dollar-pegged stablecoin
Stablecoins are a type of cryptocurrency pegged to a traditional currency, usually the dollar, allowing people to move large sums of money without using banks' payment transfer systems. They have grown rapidly in recent years, driven by crypto company Tether, which has issued $155 billion of its dollar-pegged token and is the largest stablecoin issuer by far.
Gold Price Prediction: Yellow metal tumbles Rs 2,800/10 gms amid US-China trade uncertainty. How to trade
Gold June futures at MCX opened lower by Rs 723 at Rs 96,397/10 grams. Silver July futures also dipped by Rs 563 to Rs 1,06,524/kg after reaching an all-time high. Despite settling positively on Monday, both metals experienced volatility due to ongoing US-China trade talks and a weaker dollar. Analysts expect continued fluctuations this week
Rupee rises 8 paise to 85.58 against US dollar in early trade
The rupee rose 8 paise to 85.58 against the US dollar, supported by positive equity markets and foreign inflows. However, rising crude oil prices and a stronger dollar capped gains, with forecasts suggesting a trading range of 85.45 to 85.95.
Sold on gold? Silver may steal the spotlight as charts turn bullish and dollar weakens
Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years, driven by technical strength and a weakening dollar. Analysts anticipate silver outperforming gold, potentially reaching $50 by year-end. Favorable technical patterns and expectations of easing trade tensions further fuel the bullish outlook for the white metal.
Dollar steady as traders await details from US-China talks
The U.S. dollar remained stable amid ongoing trade discussions between Washington and Beijing. Investors are cautious, awaiting the U.S. inflation report. Top economic officials are trying to resolve trade disputes. The markets are reacting to the lack of concrete details from the talks. Focus is now shifting to the upcoming consumer price index report.
Rupee ends nearly flat tracking subdued Asia FX; US-China talks in focus
On Monday, the Indian rupee saw a slight increase, mirroring the subdued movements of other Asian currencies, even as the dollar weakened ahead of U.S.-China trade talks in London. Dollar-rupee forward premiums declined to multi-month lows, potentially making the rupee vulnerable to depreciation.
Dollar steadies after rally, focus shifts to US-China trade talks
Dollar remained stable against major currencies before US-China trade discussions in London. Trade talks are crucial due to China's deflation and US business concerns. US delegation includes Scott Bessent, Howard Lutnick, and Jamieson Greer. Japan's economy contracted less than expected. Investors await US inflation data for May to assess trade policy impact.
Indian market recovery driven by govt spending & rural demand: Gokul Laroia, Morgan Stanley
Morgan Stanley's Gokul Laroia believes Indian market recovery hinges on government spending and rural demand revival. He anticipates continued US dollar weakening. Laroia notes global investors were cautious about India but that sentiment is shifting. He acknowledges India's valuations are high but justified by earnings growth and ROE. US Treasury yields are a concern due to the rising fiscal deficit.
Dollar gains ground against peers after robust US economic data
The dollar strengthened against major currencies following a better-than-expected U.S. jobs report for May, fueling speculation that the Federal Reserve might delay interest rate cuts. While the dollar saw weekly gains against the yen and franc, it remains down year-to-date. Positive economic data and easing trade tensions between the U.S. and China contributed to the dollar's upward movement.
Dollar mired in US economic weakness and trade limbo
The dollar faced a weekly loss due to signs of U.S. economic fragility and stalled trade negotiations. Markets awaited the U.S. nonfarm payrolls report, crucial after weak economic data highlighted the impact of tariffs.
Gold heads for weekly gain on weak US economic data, softer dollar
Gold prices saw a rise on Friday, potentially securing weekly gains. Weaker U.S. economic data and a softer dollar boosted demand. Investors are awaiting U.S. payroll data for Federal Reserve insights. Unemployment benefits applications increased. Donald Trump and Xi Jinping discussed trade tensions. Wall Street closed lower amid a dispute. Silver, platinum and palladium are also headed for weekly gains.
Dollar frail on weak economic data, trade uncertainty lingers
The dollar weakened due to concerns about the U.S. economy. Data indicated slow growth and inflation worries. The euro remained steady before the European Central Bank's expected rate cut. Investors are awaiting U.S. payrolls data. Trade tensions and potential Federal Reserve rate cuts are also impacting markets. The ECB is likely to cut rates to support the Eurozone economy.
ETMarkets Smart Talk | Dollar strength, geopolitics & yields – the triple threat roiling Indian markets: Anirudh Garg
Amid market volatility fueled by global factors like dollar strength and geopolitical tensions, Anirudh Garg of INVasset PMS offers insights on navigating Dalal Street. He suggests tactical portfolio shifts, highlighting opportunities in sectors like textiles, financials, and defence. Garg emphasizes a data-driven approach to managing risk and uncovering long-term value in a dynamic market.
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