Month: September 2022

Gold prices declined by Rs 303 to Rs 49,571 per 10 grams in the national capital on Monday amid weak global cues and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 49,874 per 10 grams. Silver also dipped by Rs 197 to Rs 57,090 per kilogram
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Oil fell by more than 2% on Monday, pressured by expectations of weaker global demand and by U.S. dollar strength ahead of possible large increases to interest rates, though supply worries limited the decline. Central banks around the world are certain to increase borrowing costs to tame high inflation this week and there is some
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Dollar is trading with a slightly firmer tone in quiet Asian session. But overall, most major pairs and crosses are stuck inside Friday’s range. Trading would likely remain subdued with Japan and UK on holiday, and the calendar is light. Nevertheless, the week ahead is ultra busy with four central bank meetings and some important
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The markets are relatively quiet today with Japan and the UK on holiday. Sentiment is on risk-off side, ahead of central bank rate hikes later in the week. The more notable moves are found in selloff in cryptocurrencies. Dollar is standing firm, together with Swiss Franc and Euro. Aussie and Kiwi are softer together with
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US dollar losses momentum amid an improvement in risk sentiment. Wall Street turns green, US yields modestly off highs. EUR/USD continues to consolidate ahead of the FOMC meeting. The EUR/USD rose after the beginning of the American session and recently climbed to 1.0017, before pulling back to the parity area. It is posting modest losses
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The USD/CNY continues to face upside pressure according to analysts from Danske Bank. They point out that the difference between interest rates in China and the US clearly favor the US dollar.  Key Quotes:  “USD/CNY has taken another leg higher lately on a stronger USD and wider US-China spread.” “Relative rates clearly in favour of
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USD/JPY fluctuates around 143.00 amid a negative market sentiment, spurred by recession fears on Fed’s aggressive tightening path. The USD/JPY daily chart portrays buyers in control, but price action remains constrained. Short term, the USD/JPY is range-bound, trapped in the 142.60-143.60 range. The USD/JPY seesaws around 24-year highs above the 143.00 psychological level, for the
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The USD/BRL is falling on Monday after posting last Friday, the highest daily close since early August. Analysts at Rabobank see the USD/BRL pair at 5.30 by the end of the year.  Key Quotes:  “We still believe the Fed will remain hawkish, the USD will remain holding its safe haven status, and domestically the traditional
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The Canadian dollar is at an interesting spot on the global spectrum of risk assets at the moment. Domestically, it’s been a good year with strong GDP growth as the economy reopened from covid. Commodity investment has picked up and terms of trade have improved. For much of the year, that kept the loonie neck-and-neck
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Oil prices dipped in early trade on Friday, extending the week’s losses as concern over tight supply was outweighed by escalating fear of sharp interest rate hikes slamming global growth and hitting fuel demand. Brent crude futures fell 22 cents, or 0.2%, to $90.62 a barrel as at 0052 GMT after sliding 3.5% to a
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