Latest forex news
Rupee falls 4 paise to Moreover, Asian and emerging market peers were also stronger this Thursday morning and lent support. San Francisco Fed President Mary Daly reiterated policymakers' focus on inflation fighting and dismissed market hopes for rate cuts in The currency of Asia's third largest economy would likely have fared better had it not been for oil prices.
The December Brent crude contract rose 0. Rupee gains 31 paise to Rupee rises 24 paise to However, with a depreciating currency eating into the quantum of loans sanctioned by local banks, diamond firms are left with less and less money for import of rough stones which are cut in India. Rupee rises 35 paise to If realised, that would be the lowest level in over two years.
RBI likely sells dollars as surging U. The local unit earlier reached a record low of The intervention by the Reserve Bank of India was confirmed to Reuters by three bankers and a brokerage firm. Rupee ends at fresh record low of Sterling swallows bitter pill, dollar advances on hawkish Fed speak 28 Sep, , AM IST In the latest flare-up in the euro zone's gas crisis and an escalation of geopolitical tension, Europe was on Tuesday investigating what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines at the centre of an energy standoff.
RBI mulls steps to arrest rupee slide 28 Sep, , AM IST People familiar with the matter told ET that commercial banks have also suggested imposition of temporary curbs on imports of 'non-essential' goods, such as gold, to conserve dollars. An unabated surge in the dollar could prompt targeted interim measures from Mint Road. Explained: Why is the rupee falling vs US dollar? The US Fed raised interest rates by 75 bps at its last meeting and gave an indication of raising it further by 75 bps in November and 50 bps in December.
Rupee rises 37 paise to The dollar index was marginally weaker, while the Euro, Sterling and the Yen strengthened against the greenback in this Tuesday morning trade,Iyer said. Plunging pound pauses as investors await policy response 27 Sep, , AM IST We should expect the pound to remain volatile in the week ahead as market participants await to see how policymakers in the UK respond to the loss of confidence in the pound and gilts,said Lee Hardman, currency analyst at MUFG Bank.
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TER NAGEDACHTENIS AAN ARJAN BETTING
The pound dropped against its major counterparts on Tuesday, as optimism over the election of Rishi Sunak as the U. Prime Minister faded. RTTNews 5h 46min ago Indian shares were little changed in cautious trade on Tuesday despite positive global cues. Prices had advanced RTTNews 7h 10min ago Asian Markets Trading Mixed Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, amid uncertainty about the outlook for interest rates in the U.
However, a recent report about the US Fed signaling a slowdown in the pace of rate hikes is aiding market sentiment. Asian markets closed mostly lower on Monday. RTTNews 7h 59min ago Indian shares look set to open on a subdued note Tuesday as caution prevails ahead of a holiday on Wednesday for Diwali Balipratipada and the expiry of monthly derivative contracts due on Thursday.
So, what kind of news have traders been waiting for Broker-Analysis. Then, how do you know if the most awaited forex news has a significant influence? To find out the most important and most awaited data, a forex trader must be diligent in observing the forex calendar. Forex trading with a fundamental style that relies on news as the primary indicator is often confused by many people.
The majority of novice traders argue that forex trading means having to be on standby in front of the chart 10 minutes before the news release and take a position when the news is released. Trading fundamentals are more than just waiting.
Fundamental trading techniques generally take the news as the primary indicator, but not just news. US NFP is one of the most awaited forex news by traders. See also Major Currency Pairs US payroll data greatly influences the movement of instruments in financial markets such as the foreign exchange market, the stock market, the bond market, and the commodities market.
Therefore, market players in the world are very concerned about this data. So, the NFP is not necessarily good, the unemployment rate is also good or vice versa. But logically, if the NFP is good increases , the unemployment rate is also good decreasing.