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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.
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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.
Rupee ends higher as rate-cut boost for equities blunts dollar strength
The Indian rupee strengthened modestly on Friday as the Reserve Bank of India's steepest rate cut in five years boosted local equities, helping the South Asian currency eke out a gain even as the dollar firmed against major peers.
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.
Why the stock market rose today? Rate cut hopes among top 4 factors behind 444-point Sensex surge, Nifty above 24,700
Indian stock markets closed positively on Thursday. Pharma stocks and Reliance Industries saw gains. Investor confidence rose due to weaker dollar and falling U.S. Treasury yields. Sensex increased by 444 points, and Nifty gained 131 points. Realty and Pharma sectors led the market. Foreign investors turned net buyers. Oil prices declined due to increased inventories and Saudi Arabia's price cuts.
Rupee slips on equity outflows, offshore positioning ahead of RBI policy
The Indian rupee briefly weakened to 86.02/$1 on Wednesday before recovering to close at 85.90, pressured by equity outflows and offshore NDF unwinding ahead of the RBI’s policy review. Dollar demand from foreign banks and oil firms added to the pressure. Despite RBI's likely intervention, the rupee has fallen 1.5% since last Monday, making it Asia’s worst-performing currency.
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.
Rupee buckles under position unwinding; dollar demand builds
The Indian rupee declined for the sixth time in seven sessions on Wednesday, slipping briefly past 86 to the U.S. dollar, as traders unwound bullish positions amid persistent demand for the greenback.
Rupee falls 25 paise to 85.86 against US dollar in early trade
The rupee weakened to 85.86 against the US dollar due to foreign fund outflows, despite positive domestic equities and lower crude oil prices. The decline was limited by a weak dollar index. The RBI's MPC began deliberations, anticipating a repo rate cut. FIIs were net sellers in the equity market.
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.
Dollar edges down as trade tensions simmer ahead of jobs data
The dollar weakened as investors awaited United States job data. Trade talks involving President Trump are also in focus. A deadline for trade offers is set, alongside potential tariff hikes. Trump may speak with Chinese President Xi Jinping. Macroeconomic data influences the dollar. The Australian dollar remained steady before GDP data. South Korea's won rose after Lee Jae-myung's presidential win.
Elon Musk backer Tim Draper says Bitcoin will rule retail — dollar’s days may be numbered, he warns
Venture capitalist Tim Draper forecasts a decline in the US dollar's value. He anticipates a shift towards Bitcoin as retailers begin to favor it. Draper, a long-time Bitcoin advocate, highlights its potential stability. The US Dollar Index faces challenges, while Bitcoin has shown significant price increases. Draper emphasizes Bitcoin's consistent value compared to the dollar's fluctuating worth.
Gold price prediction: Why did gold fall after hitting a 4-week high and could it rebound soon amid U.S. dollar strength, trade tensions, and key economic data?
Gold prices retreat after briefly hitting a four-week high on June 3, as a stronger U.S. dollar and profit-taking pressure the market. Spot gold dropped 0.7% to $3,356.75 an ounce, while U.S. futures slipped 0.5%. Investors are closely watching trade tensions between President Trump and China’s Xi Jinping, along with upcoming U.S. non-farm payrolls data and Federal Reserve speeches. Global economic slowdown warnings from the OECD also add to uncertainty. With ongoing tariff talks and dollar movement, the gold market remains volatile. Here's a full breakdown of what’s moving the gold market this week.
Rupee declines 10 paise to 85.49 against US dollar in early trade
The rupee weakened to 85.49 against the US dollar due to a stronger American currency, rising crude oil prices, and foreign fund outflows. Domestic equities were volatile ahead of the RBI's monetary policy announcement. India's manufacturing sector growth slowed in May, while the economy expanded strongly in the last quarter.
Gold hovers near four-week peak on weaker dollar, trade concerns
Gold prices climbed to a near four-week high, buoyed by a weaker dollar and escalating U.S.-China trade tensions, increasing demand for the safe-haven asset. Uncertainty surrounding trade negotiations and geopolitical concerns, including discussions between Russia and Ukraine, further supported gold's upward momentum. Other precious metals saw mixed performance, with silver declining while platinum and palladium gained.
Dollar holds near six-week low as trade war wears on US economy
The dollar has weakened to a six-week low amidst concerns about the U.S. economy due to ongoing trade tensions. Factory and jobs data will be crucial in assessing the impact of trade uncertainty. New tariffs on steel and aluminum are set to double, coinciding with trade negotiation deadlines.
Asian stocks start cautious, dollar holds drop
Asian shares began cautiously following a tech-driven rally in US stocks, while bonds remained steady. Investors are closely monitoring trade war developments, including extended tariff exclusions and potential US-China talks. Japan faces debt market pressures, and Russia-Ukraine talks concluded without a resolution, setting the stage for a prisoner exchange. Market volatility is expected amid trade tensions and geopolitical concerns.
RBI cuts dollar positions and infuses rupee liquidity
The Reserve Bank of India has reduced its net short dollar positions in the forward market, dropping to $52.4 billion in April from $78 billion in February. To counter the impact, the RBI is infusing rupee liquidity through open market operations.
Gold prices climb on softer dollar, Trump's fresh tariff threat
Gold prices saw a rise due to Donald Trump's tariff threats. A weaker dollar also supported the increase. Trump plans to raise tariffs on steel and aluminum. This move prompted a warning of retaliation from Europe. Geopolitical tensions between Ukraine and Russia have escalated. Trump and Xi Jinping are expected to discuss trade issues soon.
US dollar declines as traders assess tariff outlook
The U.S. dollar faced a decline on Monday. This offset some gains from the previous week. Markets are considering President Donald Trump's tariff policy. The policy's impact on growth and inflation is under scrutiny. Trump plans to double duties on imported steel and aluminum. The Senate is reviewing Trump's tax cut and spending bill.
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