Currency Markets News
Dollar winds down after volatile week, China NPC in focus
GLOBAL-FOREX/:FOREX-Dollar winds down after volatile week, China NPC in focus
3 min read8 Nov 2024Goldman Says Traders Are Too Worried About Delays to US Vote Result
Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election.
1 min read30 Oct 2024RBI repo rate cuts seen delayed to 2025 as inflation spikes to nine-month high in September
The sharp rise in September’s retail inflation has led some economists to delay expectations for interest rate cuts to the first half of 2025.
4 min read15 Oct 2024NSE’s loss, Singapore’s gain: Rupee volumes on SGX surge as foreign investors leave in hordes
The market’s fears about the impact of RBI’s decision to restrict the use of exchange-traded currency derivatives for hedging appear to have come true. Investors are ditching NSE in favour of the Singapore Exchange for trading in rupee-dollar futures.
2 min read10 Jul 2024Japan Says It’s Ready to Intervene in Currency Markets 24 Hours a Day If Needed
The yen inched lower toward a key level against the dollar Monday, even as Japan’s top currency official warned that authorities stand ready to intervene in currency markets 24 hours a day if necessary.
1 min read24 Jun 2024Yellen 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 2024Morgan 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 2024Fed’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 2023Argentina 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 2023The 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 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared