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Dollar remains the worst performing major currency for the week, but the dynamics are shifting. Yen is giving up much of its gain, following the strong rebound in benchmark treasury yields, but Swiss Franc is still firm. Euro and Sterling are somewhat under pressure too, while smaller than expected GDP contraction gives the Pound little

USD/JPY fell by more than 100 pips early in US trade today but has climbed all the way back to unchanged at 132.85. The bond market is the main catalyst as long-end yields move up. That was underscored by today’s $21 billion sale of 30-year US bonds, which sold with a yield 1.1 basis points

OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency,

Dollar selloff resumes in early US session after lower than expected PPI reading. Aussie and Kiwi are strong as supported by risk-on sentiments but Canadian is lagging behind. Yen is also firm, together with Swiss Franc, thanks to falling yields. Euro and Sterling continue to be mixed. In other markets, Gold is struggling to take

A downside surprise on estimates for US CPI in the month of July saw the dollar sink alongside bond yields, while equities rallied hard in the immediate reaction. While the greenback was dumpstered and equities ran with gains, bond yields actually recovered somewhat with 10-year Treasury yields erasing the drop from yesterday to keep back

Gold prices fell on Thursday as the dollar recovered after comments from Federal Reserve officials pointed to aggressive interest rate hikes, even as inflation in June eased from a 40-year high in the world’s largest economy. Gold futures on were trading 0.31 per cent lower at Rs 52,080 per 10 grams. Silver futures declined 0.69

After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc and Yen are also strong on falling major benchmark yields. Euro and Sterling are on

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New Delhi: Gold prices eased by Rs 60 to Rs 52,811 per 10 grams in the national capital on Wednesday in line with losses in the precious metal in the global markets, according to Securities. The precious metal had closed at Rs 52,871 per 10 grams in the previous trade. Silver declined by Rs 575

Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling treasury yields. But it’s unsure for now long Yen’s rally against others could last. Also, it’s hard to say which

It has been a bit of a slow week with it being the summer and when you throw in the anticipation to the US CPI data later today, it doesn’t help with how things have been so far this week. On top of that, there is a lack of meaningful economic releases and today is

NEW DELHI: Gold prices struggled on Wednesday thanks to a stronger dollar which dented bullion’s appeal ahead of much-awaited inflation data scheduled later in the day. The Fed hiked rates by 75 basis points each in June and July to rein in soaring inflation. Although gold is seen as a hedge against inflation, higher US

The forex markets are somewhat in hibernation mode this week. Dollar is currently the weakest one, followed Yen. Commodity currencies are generally firm. But Swiss Franc is the strongest, thanks to buying against the weakening Euro and Sterling. But overall, with the exception of a few Yen pairs, major pairs and crosses are staying inside

Three headlines hit today: GM says it’s open to funding EV battery minerals mining ventures Ford raised the price of the electric F-150 Lightning truck by up to $8,500 due to ‘significant cost increases’ Tesla signed a $5 billion deal for nickel from processing companies in Indonesia There’s clearly a supply shortage here and auto

Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market. Brent crude futures fell 27 cents, or 0.3%, to $96.38 a barrel at 0027 GMT, paring a 1.8% gain

Euro rises slightly as market sentiments are flip-flopping today. Sterling and Swiss Franc are also trading higher. On the other hand, commodity currencies turn soft with Aussie paring most of recent gains. Dollar and Yen are mixed for now. IN other markets, Silver is trading firmer but Gold is still range bound. WTI crude oil

After the hustle and bustle from the US jobs report at the end of last week, markets are settling down into a slower pace this week with little appetite to really chase any firmer convictions. All eyes are on the US CPI data tomorrow and there is little interest to push for any moves until

Gold prices were flat on Tuesday as dollar and Treasury yields fell, while investors looked forward to U.S. inflation data later this week that could offer more clarity on the Federal Reserve’s rate hike path. FUNDAMENTALS * Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8% in the previous