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Yellen says currency intervention acceptable only in rare situations

YELLEN-INTERVIEW/DOLLAR (UPDATE 1):REUTERS NEXT-Yellen says currency intervention acceptable only in rare situations

1 min read26 Apr 2024
Markets

Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot

Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported.

1 min read5 Jan 2024
Markets

Fed’s dovish pivot triggers dollar’s biggest weekly fall since July; rupee fails to capture gains

The drop in the greenback comes after the dovish rate pause delivered by the US Fed this week, signaling 75 basis points (bps) rate cuts for 2024, surprising markets.

3 min read15 Dec 2023
Economy

Argentina Sharply Devalues its Peso Currency to Tame Inflation

President Javier Milei, who pledged economic shock therapy, is also cutting back government ministries and energy subsidies while halting public works projects.

2 min read13 Dec 2023
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Economy

The Clearest Sign of India’s Very Good Year

Currencies around the world have weakened against the dollar, but the rupee has held strong, as virtually everything has gone right for India.

4 min read12 Dec 2023
From:
Economy

US Dollar tumbled most in a year as traders bet on the end of US hikes

A Bloomberg gauge of the dollar tumbled as much as 1.3 percent on Tuesday, the largest such drop since November 2022. It stayed close to the previous day’s close on Wednesday, helping propel the won and ringgit to the top of Asia’s currency rankings.

2 min read15 Nov 2023
Videos

Why India Said No To ’Common Currency’ Discussion at BRICS | Detangle With MINT.

Why India Said No To ’Common Currency’ Discussion at BRICS | Detangle With MINT. #bricssummit #brics #brics #usa #dollar #mint #rupeevsdollar #rupee #dollar #yuan #china #russia #brazil #southafrica #sergeylavrov #putin #narendramodi #chandrayaan3 #abhinavtrivedi #indianeconomy #import #export #trader #tradewar #lula #luladasilva

25 Aug 2023
Markets

China’s major state banks seen selling dollars for yuan at around 7.25 level: Report

The state banks sold dollars at around 7.25 level, in a move to restrict the decline in the local currency which has lost nearly 5% so far this year, making it one of the worst performing Asian currencies.

1 min read29 Jun 2023
Markets

Turkey’s lira plunges over 7%, hits record low of 23.1 against US dollar

Turkey’s lira fell over 7% to a record low as the new-elected government eased stabilising measures and shifted towards more orthodox policies.

1 min read7 Jun 2023
Markets

RBI’s withdrawal of ₹2000 banknotes to boost system liquidity; positive for banks, NBFCs, say analysts

Analysts also expect the development will help banks meet anywhere around 8% of the incremental requirement for FY24 and provide near-term support to the tight deposit conditions.

2 min read22 May 2023
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