The US dollar was the strongest currency this week and the strongest currency today. The NZD was the weakest of the majors today. The strongest to the weakest of the major currencies The greenback this week, rose against all the major currencies helped by more hawkish Federal Reserve comments, and global concerns about growth in
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The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from Monday, has been fixed at Rs 5,197 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2022-23 Series II will be open for subscription from
Dollar rally continues today and it’s set to end the week on a high note. Risk aversion and rising benchmark yield are both helping the greenback. Swiss Franc is also strengthening a lot. Selling focuses are mainly concentrated on Sterling, Euro, and Yen, even though commodity currencies are also soft. Technically, the rally in CHF/JPY
The pair is down 0.4% on the day to 1.1878 at the moment and is poised for a third straight day of declines. The bounce higher after the US CPI data last week failed to breach the key trendline resistance (white line) and it has been one-way traffic since as the dollar recovers strongly through
Gold prices declined Rs 389 to Rs 51,995 per 10 grams in the national capital on Friday following weak global cues, according to Securities. The yellow metal had closed at Rs 52,384 per 10 grams in the previous trade. Silver also plunged Rs 1,607 to Rs 56,247 per kg from Rs 57,854 per kg in
Dollar’s rally has finally made some progress overnight and the momentum continues in Asian session. Other currencies are mixed for now with no clear loser. For the week, Aussie and Kiwi are on the weaker side while Euro and Canadian are the stronger ones. But the picture could easily flip before close. A question is
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Gold in the national capital on Thursday fell Rs 32 to Rs 52,224 per 10 grams, according to Securities. In the previous trade, the yellow metal had finished at Rs 52,256 per 10 grams. Silver also declined Rs 348 to Rs 57,298 per kg from Rs 57,646 per kg in the previous trade. In the
The markets are generally rather quiet today, with major pairs and crosses trading inside yesterday’s range, as well as last week’s range. For now, Dollar is the strongest ones, followed by Sterling and then Euro. Australian and New Zealand Dollars are the weakest. Yen and Swiss Franc are mixed together with Canadian. Technically, Dollar’s rally
This is being announced by German chancellor, Olaf Scholz, as the government is trying to reduce the burden for consumers. For some context, the tax otherwise would be 19% and the government is hoping that companies will pass on the VAT cut in full to consumers as such. The move above comes after Brussels rejected
NEW DELHI: Gold futures on edged higher while silver futures were trading marginally lower in Thursday’s trade after Fed minutes of the recent policy meeting could not offer further clarity on the US central bank’s stance on rate hikes. Gold futures for October delivery rose 0.29 per cent to Rs 51,690 per 10 grams. Silver
Dollar is on the strong side in quiet trading in Asia, together with Yen and Swiss Franc. But the greenback is just staying in familiar range against. On the other hand, Euro and Sterling are the softer ones. Aussie is also trading with an undertone after mixed job data. But overall, most major pairs and
OPEC Secretary-General Haitham Al Ghais spoke on Wednesday with CNBC. On the spike higher in oil prices, not OPEC’s fault: “There are other factors beyond OPEC that are really behind the spike we have seen in gas [and] in oil. And again, I think in a nutshell, for me, it is underinvestment — chronic underinvestment”
Gold in the national capital on Wednesday slipped Rs 53 to Rs 52,340 per 10 grams amid a decline in international precious metal prices and rupee appreciation, according to Securities. In the previous trade, the yellow metal had closed at Rs 52,393 per 10 grams. Silver also declined Rs 256 to Rs 57,957 per kg
Overall risk sentiment appears to have turned sour again today, with major European indexes trading in red, while US futures point to lower open. Australian Dollar is leading commodity currencies lower. Even New Zealand Dollar wasn’t supported by the hawkish RBNZ hike. At the same time, Yen is also among the weakest, as pressured by
The old saying in the market is that if something can’t go up on good news, then.. That might very well be the case for the kiwi as it is feeding off risk tones more so than the hawkish RBNZ from earlier today. In case you missed it, the central bank moved to hike rates
NEW DELHI: Gold prices held steady on Wednesday ahead of the much-awaited US Fed minutes of meetings for cues over interest rate hikes amid inflationary worries. The minutes of the US Fed’s July 26-27 policy meeting are due at later in the day. The US central bank has raised its benchmark overnight interest rate by
New Zealand Dollar trades broadly higher after RBNZ’s rate hike today. But trading is mixed in other currencies. Commodity currencies are generally on the soft side for the week, but there is no follow through selling. Dollar is still the strongest, but it’s struggling to extend the near term rally. Yen attempted for a bearish