Dollar on track for best week in a month
1 week, 4 days ago

Dollar on track for best week in a month

Live Mint  

* Dollar lower, but on track for best week in two months * Dour euro zone outlook weighs on euro this week * Traders price in about 40 bps of Fed rate cuts in 2025 By Karen Brettell NEW YORK, Jan 3 - The dollar dipped on Friday but was on track for its strongest weekly performance in a month on expectations that the U.S. economy will continue to outperform its peers globally this year and that U.S. interest rates will stay relatively higher. New policies under the incoming Donald Trump administration, including business deregulation, tax cuts, curbs on illegal immigration and tariffs, are also expected to boost growth and add to price pressures. The dollar briefly pared losses after data on Friday showed that U.S. manufacturing moved closer to recovery in December, with production rebounding and new orders rising further. China's onshore yuan hit its weakest level in over a year at 7.3199 per dollar, as falling yields and expectations of more domestic rate cuts continued to weigh on the currency.

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Rupee unlikely to find support in Asia FX’s slight recovery
22 hours, 30 minutes ago

Rupee unlikely to find support in Asia FX’s slight recovery

Live Mint  

By Nimesh Vora MUMBAI, Jan 14 - The Indian rupee's spiral is likely to persist on Tuesday despite the mild recovery in its Asian peers and a pause in the dollar index's rally. The 1-month non-deliverable forward indicated that the rupee will open at 86.60 to the U.S. dollar, marking a new lifetime low and down from 86.5750 in the …

Dollar rises to 2-year high after strong data dims rate-cut prospects
1 day, 15 hours ago

Dollar rises to 2-year high after strong data dims rate-cut prospects

Live Mint  

The dollar hit fresh highs against several currencies, continuing its rise after Friday’s strong U.S. jobs data further dimmed prospects for Federal Reserve interest-rate cuts this year. Continued weakness in the yuan saw Chinese officials pledge to defend the currency as prospects of U.S. trade tariffs raise concerns. “The big question for the market now is whether the Fed really …

Yuan slips to new 16-month low even as PBOC extends support
4 days, 20 hours ago

Yuan slips to new 16-month low even as PBOC extends support

Live Mint  

By Summer Zhen HONG KONG, Jan 10 - China's yuan initially firmed on Friday after the central bank said it would suspend treasury bond purchases, triggering a jump in bond yields, but later fell back to fresh 16-month lows. Spot yuan opened at 7.3270 per dollar and was trading at 7.3317 by midday, 5 pips firmer than the previous late …

Rupee hits all-time low, nears 86 mark against US dollar
5 days, 1 hour ago

Rupee hits all-time low, nears 86 mark against US dollar

India Today  

The rupee tumbled to a historic low of 85.97 against the US dollar on Friday, surpassing its previous record of 85.9325 reached just a day earlier. Closing at 85.9650, the rupee marked its tenth consecutive weekly loss, slipping 0.2% this week amid a strong dollar and persistent capital outflows. The rupee has been under pressure for weeks due to a …

Yuan eases to 16-month low, pressured by strong dollar
6 days, 21 hours ago

Yuan eases to 16-month low, pressured by strong dollar

Live Mint  

SHANGHAI, Jan 8 - China's yuan fell to a 16-month low on Wednesday, pressured by a strong dollar and tariff threats from U.S. President-elect Donald Trump's incoming administration, despite the central bank setting stronger-than-expected guidance. "The yuan is expected to face depreciation pressure, not only from tariff hikes but also from a significantly stronger dollar," said Wang Tao, chief China …

Rupee to face pressure as upbeat US data reignites dollar uptrend
6 days, 22 hours ago

Rupee to face pressure as upbeat US data reignites dollar uptrend

Live Mint  

By Jaspreet Kalra MUMBAI, Jan 8 - The Indian rupee is likely to open weaker on Wednesday after upbeat U.S. economic data lifted U.S. bond yields, prompting the dollar to resume its uptrend. The dollar index dipped during Asia trade to 108.5 after rising 0.3% on Tuesday as data showed that job openings in the U.S. grew to 8.098 million, …

Yen Weakens to Lowest Since July on Fixing, Retail Selling
1 week ago

Yen Weakens to Lowest Since July on Fixing, Retail Selling

Live Mint  

-- The yen slid to its weakest since July against the dollar, underperforming all major currencies, with analysts attributing the drop to Japanese retail investors’ outflows as well as to Tokyo benchmark fixing. READ: Japan’s Kato: Will Take Action Against Any Excessive FX Moves “As we’ve entered the new year, it’s possible that there was yen selling from overseas investment …

Rupee logs 9th straight week of losses, analysts expect more weakness
1 week, 4 days ago

Rupee logs 9th straight week of losses, analysts expect more weakness

Live Mint  

By Siddhi Nayak MUMBAI, Jan 3 - The Indian rupee ended at a record closing low on Friday, pressured by a decline in the Chinese yuan, and logged a ninth straight week of losses due to the relentless rise in the U.S. dollar. China's yuan slid past the key 7.3 threshold to a 14-month low against the dollar on Friday …

Strong dollar keeps metals’ gains in check
1 week, 4 days ago

Strong dollar keeps metals’ gains in check

Live Mint  

By Violet Li and Mei Mei Chu SHANGHAI, Jan 3 - Most base metals edged up within tight ranges on Friday, influenced by mixed macroeconomic data from China and the United States, but gains were limited by a stronger U.S. dollar. The most-traded January copper contract on the Shanghai Futures Exchange dropped 0.3% to 73,070 yuan a ton. LME aluminium …

Dollar eases in cautious start to 2025; yen lingers at five-month lows
Trending News
1 week, 5 days ago

Dollar eases in cautious start to 2025; yen lingers at five-month lows

Live Mint  

By Ankur Banerjee SINGAPORE - The U.S. dollar wobbled at the start of 2025 trade on Thursday after a strong year of gain against most currencies, with the yen anchored near its lowest level in more than five months as investors ponder U.S. interest rates staying higher for longer. A wide interest rate difference between the U.S. and other economies …

Asian currencies end dismal 2024 on shaky footing
2 weeks ago

Asian currencies end dismal 2024 on shaky footing

Live Mint  

* South Korean won posts worst year since 2008 * Malaysian ringgit eyes best year in 7 years * Taiwan stocks set to post best year since 2009 By John Biju Dec 31 - Most Asian currencies were largely muted on the last trading day of a torrid 2024 year, as the threat of U.S. tariffs and a strong dollar …

Asian stocks, dollar hold their own to close out strong 2024
2 weeks ago

Asian stocks, dollar hold their own to close out strong 2024

Live Mint  

* Most Asian stock markets eke out gains for the year * Dollar dominates, set for strong annual gain * Gold soars 26% in bumper 2024 * Thin volumes ahead of New Years holiday; Japan markets shut By Ankur Banerjee SINGAPORE, Dec 31 - Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors scale back bets …

Dollar gains broadly, slips against yen as interest-rate policy in focus
2 weeks, 1 day ago

Dollar gains broadly, slips against yen as interest-rate policy in focus

Live Mint  

-The dollar rose broadly on Monday, holding near a two-year high, while the Japanese yen edged up from five-month lows against the greenback as traders continued to digest the likelihood that the Federal Reserve will make fewer rate cuts next year. Some analysts see the yen as likely to benefit next year from expected Bank of Japan interest-rate hikes while …

Most Asian currencies subdued heading towards year-end; S.Korean markets rise
2 weeks, 1 day ago

Most Asian currencies subdued heading towards year-end; S.Korean markets rise

Live Mint  

* US Treasury yields, strong dollar weigh on emerging Asia FX * South Korean won, shares edge higher after Friday's sharp fall * Indonesian rupiah up 0.5%, Thai baht gains 0.3% By John Biju Dec 30 - Most Asian currencies were subdued on Monday, pressured by high U.S. Treasury yields and a firm dollar, while South Korean markets recovered slightly …

Dollar reigns with the support of higher yields
2 weeks, 2 days ago

Dollar reigns with the support of higher yields

Live Mint  

SINGAPORE, Dec 30 - The Japanese yen traded around five-month lows on Monday against a dollar underpinned by rising U.S. yields as thin year-end liquidity kept most currencies in tight ranges. "Despite paid forecasters almost universally calling for a weaker U.S. dollar in 2024, the greenback looks set to close the year higher against all major currencies with the buck …

Asia shares rise, dollar supported by elevated bond yields
Trending News
3 weeks ago

Asia shares rise, dollar supported by elevated bond yields

Live Mint  

* Chinese authorities pledge more support for economy * Fed outlook remains top of investors' minds * Dollar, US yields steady near milestone highs By Rae Wee SINGAPORE, Dec 24 - Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high helped by elevated U.S. Treasury yields as …

Asian stocks rise, FX under pressure as U.S. rates remain in focus
3 weeks ago

Asian stocks rise, FX under pressure as U.S. rates remain in focus

Live Mint  

* Singapore, Thailand stock markets gain 0.5% * Currencies muted as dollar near 2-yr peak * Indian rupee hits lifetime low By Himanshi Akhand Dec 24 - Emerging Asian stock markets were higher on Tuesday and currencies traded broadly flat against a stronger dollar as investors braced for fewer rate cuts by the Federal Reserve in the coming year. Markets …

The bad and good of rupee weakening against dollar
3 weeks, 1 day ago

The bad and good of rupee weakening against dollar

India Today  

The rupee, on December 19, fell to a record low against the dollar, breaching the 85 mark for the first time. Although the rupee has been seeing much volatility in recent months, it saw a big drop against the dollar ever since Donald Trump won the US presidential election, falling from 84.11 to a dollar on November 5 to 85.07 …

Dollar rebounds from inflation data drop, euro dips
3 weeks, 1 day ago

Dollar rebounds from inflation data drop, euro dips

Live Mint  

By Chuck Mikolajczak NEW YORK -The dollar rebounded while the euro dipped on Monday, as market moves were being dictated by recent global central bank meetings that set expectations for diverging rate cut paths next year. "The key for the dollar right now is the policy divergence, and Powell going from more worried about unemployment than inflation, and then the …

Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back
3 weeks, 5 days ago

Fed Forces Asia To Choose: Accept Weaker Currencies or Push Back

Live Mint  

-- Central banks across Asia face a difficult decision after the Federal Reserve’s hawkish cut — stage a costly fight back against dollar strength, or stand by and watch their currencies falter. “It is hard to fight the higher dollar move against Asian currencies when it is primarily dollar driven, which means regional central banks would have to play defence …

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy
1 month ago

‘Let yuan fall’: China’s new mantra to counter Trump tariff as Xi battles to revive economy

Firstpost  

China is considering allowing its currency yuan to weaken in 2025 as the country braces for higher US trade tariffs as Donald Trump returns to the White House on January 20, 2025 As per analysts, the yuan may fall to 7.37 per dollar by the end of 2025, though a key factor will be how much Donald Trump raises tariffs …

Rupee slips to record low but central bank steps in to curb losses
1 month ago

Rupee slips to record low but central bank steps in to curb losses

Live Mint  

By Jaspreet Kalra MUMBAI, Dec 12 - The Indian rupee declined to its all-time low on Thursday, pressured by dollar bids in the non-deliverable forwards market and from importers while intervention by the central bank kept a lid on losses, traders said. Heightened dollar demand in the NDF market alongside strong dollar buying by local importers, including oil companies, have …

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies
1 month ago

China’s Weaker Yuan Sends Ripples Across Emerging Market Currencies

Live Mint  

Emerging-market currencies dropped Wednesday, with an index of developing-nation currencies heading for its steepest one-day loss in a week and a half. The depreciation supports Chinese exporters but raises risks of capital outflows and financial instability, challenges that could ripple through emerging markets tied to Chinese demand, as cheaper Chinese undercut competitors in other developing economies. The correlation between China’s …

S.Korean markets shaky on second martial law rumours; other Asian markets mixed
1 month, 1 week ago

S.Korean markets shaky on second martial law rumours; other Asian markets mixed

Live Mint  

* Won posts 1.7% weekly loss, lowest in 2-1/2 years * Rupee flat after RBI holds interest rates steady * MSCI currency index loses 0.8% in value this week By Sherin Sunny and Roushni Nair Dec 6 - The South Korean won and equities plummeted on Friday following fresh reports of a potential second martial law, which had previously unsettled …

3 factors that pulled China's yuan to 4-month low against dollar despite impressive PMI numbers
Trending News
1 month, 1 week ago

3 factors that pulled China's yuan to 4-month low against dollar despite impressive PMI numbers

Firstpost  

China’s yuan fell to a low 7.2675 per dollar, its weakest since July 24 on Monday despite private manufacturing survey showing that the country’s factory activity expanded at the fastest pace in five months in November Aiming to takeover US dollar and becoming world’s principal reserve currency, China’s yuan slipped to a four-month low raising concerns that the second largest …

China's yuan slides to 4-month low on tariff threats and mixed PMI data
1 month, 1 week ago

China's yuan slides to 4-month low on tariff threats and mixed PMI data

Hindustan Times  

SHANGHAI, - The yuan fell to a four-month low on Monday, as tariff threats and mixed purchasing managers' index data raised concern China's economy might need additional policy support. The onshore yuan dropped to a low of 7.2675 per dollar, its weakest since July 24, despite a private manufacturing survey on Monday showing China's factory activity expanded at the fastest …

Yen hits six-week high, dollar dips for month-end
Trending News
1 month, 2 weeks ago

Yen hits six-week high, dollar dips for month-end

Live Mint  

By Karen Brettell and Harry Robertson NEW YORK, Nov 29 - The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo's core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November from a year earlier, …

Yen hits 6-week high amid growing BOJ rate hike bets
1 month, 2 weeks ago

Yen hits 6-week high amid growing BOJ rate hike bets

Live Mint  

By Kevin Buckland TOKYO -The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar index, which measures the greenback versus the yen, sterling, euro, and three other rivals, was 0.2% weaker at 105.86, and …

Yen hits 6-week high amid growing BOJ rate hike bets
Trending News
1 month, 2 weeks ago

Yen hits 6-week high amid growing BOJ rate hike bets

Live Mint  

By Kevin Buckland TOKYO, Nov 29 - The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar index, which measures the greenback versus the yen, sterling, euro, and three other rivals, was 0.2% weaker …

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Trending News
1 month, 2 weeks ago

Asian shares slip, yen aims for best week in 4 months on BOJ hike bets

Live Mint  

By Stella Qiu SYDNEY - Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. "We note that the acceleration in inflation, combined with the solid recovery in monthly activity, increases the odds of another BoJ …

Dollar set for big weekly gain as Powell sends yields up, China data mixed
1 month, 4 weeks ago

Dollar set for big weekly gain as Powell sends yields up, China data mixed

Live Mint  

* Fed Chair Powell signals no rush for rate cuts * Dollar sits near 1-yr top, euro struggles amid policy divergence * Asian shares set to end brutal week on steadier note * Yen bears on alert as Japan issues FX warning By Stella Qiu SYDNEY, - The U.S. dollar was poised for a big weekly gain on Friday, towering …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
2 months ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Dollar eyes weekly gain on slower Fed easing, inflation outlook
Trending News
2 months ago

Dollar eyes weekly gain on slower Fed easing, inflation outlook

Live Mint  

By Rae Wee SINGORE, - The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. "Markets just took comments at face value and therefore scaled back expectations for the …

Asia shares wobble on China angst; long-end US bond yields rise with dollar
Trending News
2 months ago

Asia shares wobble on China angst; long-end US bond yields rise with dollar

Live Mint  

By Rae Wee SINGORE - Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. In the broader market, traders responded to a U.S. inflation print that was in line with expectations by ramping up bets of …

US Dollar hits one-year high amid Donald Trump's economic policies
2 months ago

US Dollar hits one-year high amid Donald Trump's economic policies

Hindustan Times  

The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trump's election victory eclipsed a rise in bets for Federal Reserve easing. On Thursday, the U.S. dollar hit a one-year high as Trump's election momentum continued, while bitcoin soared to a record $93,480. Elsewhere, the Australian dollar …

Dollar retains strength against peers on Trump trade
2 months ago

Dollar retains strength against peers on Trump trade

Live Mint  

By Chibuike Oguh and Alun John NEW YORK - The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled by market expectations since Donald Trump clinched a dramatic return to the White House. The number of Americans filing new applications for unemployment benefits fell last week, …

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy
2 months ago

US Dollar rises to near 7-month high as inflation data hints Fed’s rate cuts strategy

Live Mint  

The United States dollar rose to nearly a seven-month high against major currencies on Wednesday, November 13, after the U.S. inflation data for October showed an increase, in line with market expectations and hinted that the Federal Reserve would keep cutting rates, reported the news agency Reuters. The US dollar rose to its highest level since April 16, fueled by …

US dollar and bitcoin advance spurred by Trump tariff expectations
2 months ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

* Dollar index rises to 6-1/2-month high * Bitcoin hits record high on Trump tariff promise * Euro sinks to lowest since November 2023 By Chibuike Oguh and Harry Robertson NEW YORK/LONDON, - The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary …

US dollar and bitcoin advance spurred by Trump tariff expectations
2 months ago

US dollar and bitcoin advance spurred by Trump tariff expectations

Live Mint  

By Chibuike Oguh and Harry Robertson NEW YORK/LONDON -The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high amid expectations of inflationary import tariffs from Republican President-elect Donald Trump Bitcoin gained 1.88% to $89,683.00, slightly below a new all-time peak of $89,982. "It's still an extension of …

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs
2 months ago

China's yuan weakens to 3-1/2-month low as Trump tariff threat weighs

Hindustan Times  

SHANGHAI, - China's yuan skidded to a 3-1/2-month low against the dollar on Tuesday, hurt by broad strength in the U.S. currency and persistent market worries over higher tariffs on Chinese goods during Donald Trump's second presidency. During Trump's first presidency, the yuan weakened about 5% against the dollar in the initial round of U.S. tariffs on Chinese goods in …

Bitcoin crosses $89,000 as Trump vows to make US 'crypto capital of the planet'
2 months ago

Bitcoin crosses $89,000 as Trump vows to make US 'crypto capital of the planet'

India Today  

The US dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and …

Dollar on track for weekly gain after Trump election win
2 months ago

Dollar on track for weekly gain after Trump election win

Live Mint  

* US currency may consolidate on uncertainty over Trump policies * Japanese yen suffers from widening interest rate differential By Karen Brettell and Stefano Rebaudo Nov 8 - The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. …

Dollar on track for weekly gain after Trump election win
2 months, 1 week ago

Dollar on track for weekly gain after Trump election win

Live Mint  

By Karen Brettell and Stefano Rebaudo -The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as U.S. president. “We don't really know how much was campaign rhetoric, how much is a negotiating position, how much of it is speaking principle,” …

Dollar winds down after volatile week, China NPC in focus
2 months, 1 week ago

Dollar winds down after volatile week, China NPC in focus

Live Mint  

By Rae Wee SINGORE, - The dollar took a breather on Friday, on track to cap off a wild week with a slight gain as markets weighed the impact of Donald Trump's impending return to the White House and what that would mean for the U.S. economy and its rate outlook. meeting doesn't change the view that the Fed is …

Rupee slides, still better than other currencies: Is India, China growth threatening dollar?
2 months, 1 week ago

Rupee slides, still better than other currencies: Is India, China growth threatening dollar?

India Today  

The Indian rupee is down, but so are other major currencies against the US dollar. Despite its downward trajectory, however, the rupee is still well-placed against major currencies such as the Brazilian real, the Russian ruble, the Japanese yen, and the Canadian dollar. The Indian rupee has slid by 1.1 per cent against the dollar since January 1. In contrast, …

Dollar dips as US voters head to polls
2 months, 1 week ago

Dollar dips as US voters head to polls

Live Mint  

By Karen Brettell and Amanda Cooper -The U.S. dollar fell as U.S. voters headed to the polls on Tuesday, with the results of the elections likely to decide at least the near-term fate of the greenback. my sense is that people are cautious," said Steve Englander, head of global G10 FX research and North America macro strategy at Standard Chartered …

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed
Trending News
2 months, 3 weeks ago

Dollar Soars to 2-1/2-Month Peak as US Rates, Election Eyed

Live Mint  

The US dollar has been on a strong upward trajectory in recent weeks, driven by positive economic data and expectations of a Fed pause in interest rate cuts. The greenback has reached a 2-1/2-month high, with the market pricing in an 89.6% chance for a 25 basis point cut at the Fed's upcoming meeting. However, the dollar's rise is also …

Stock market today: Asian shares are mixed and the yen slips against the dollar
3 months, 1 week ago

Stock market today: Asian shares are mixed and the yen slips against the dollar

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The meeting between Ishiba and …

Bitcoin surpasses $63,000 to one-month high; What’s behind the rally?
3 months, 3 weeks ago

Bitcoin surpasses $63,000 to one-month high; What’s behind the rally?

Live Mint  

Bitcoin stood out as it surged to one-month highs on Monday, continuing its rally following last week's substantial rate cut by the Federal Reserve. This move, made shortly after the Fed's 50 basis points rate cut, halted the yen's significant appreciation this month, which has seen a 1.4 per cent increase in September. With Japan observing the Autumnal Equinox Day, …

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