Page 9 - Dollar
Dollar pares gains as US economic growth contracts for second quarter
The second straight quarterly decline in GDP meets the standard definition of a recession. It comes as the Fed aggressively hikes rates in an attempt to choke off soaring inflation.
 "Dollar pares gains as US economic growth contracts for second quarter")
Global shares take breather after Fed rally, dollar retreats on yen
The U.S. Federal Reserve had surprised no one by lifting rates 75 basis points (bps) to 2.25%-2.50% on Wednesday, but did alter its statement to cite some softening in recent data.
 "Global shares take breather after Fed rally, dollar retreats on yen")
Euro fragile following a cut in Russian gas supply and a looming Fed hike
Euro nursed losses on Wednesday after its sharpest drop in two weeks, as a cut in Russian gas supply sent energy prices soaring, while the dollar held ground ahead of an expected Fed hike.
 "Euro fragile following a cut in Russian gas supply and a looming Fed hike")
After falling to record lows, rupee regains footing against US dollar
RBI's interventions and a less hawkish view on US Federal Reserve among factors that help currency
 "After falling to record lows, rupee regains footing against US dollar")
Fed rate-path uncertainty, European gas crunch dominate currency markets
The U.S. Federal Reserve starts a two-day meeting later in the day and is expected to deliver a 75 basis-point interest rate rise.
 "Fed rate-path uncertainty, European gas crunch dominate currency markets")
Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq
The S&P 500 was up 5.49 points, or 0.14%, at 3,967.12, while the Nasdaq Composite was down 26.93 points, or 0.23%, at 11,807.19
 "Dow Jones rises at start of big earnings week, Microsoft drags Nasdaq")
As rupee continues to slide, RBI may be back to spot intervention
Reserve Bank of India's foreign-exchange reserves have fallen by about $30 billion since the end of May to $573 billion, according to its data
 "As rupee continues to slide, RBI may be back to spot intervention")
Rupee strengthened against all major currencies other than dollar: CEA
He added that unlike earlier crises, the depreciation of the rupee against the US dollar was lower than other major global currencies such as the Swiss Franc, the Euro, the British pound and the Yen
 "Rupee strengthened against all major currencies other than dollar: CEA")
Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars
The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
 "Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars")
Rupee breaches 80/$ for first time, settles at 79.95 after RBI intervention
The rupee has depreciated 7.01 per cent against the dollar this year
 "Rupee breaches 80/$ for first time, settles at 79.95 after RBI intervention")
Rupee at 80: Little relief on the cards from high trade deficit
Due to global risk aversion on the back of geo-political tensions and aggressive policy tightening by the Fed, the dollar has appreciated against most currencies, including the rupee
 "Rupee at 80: Little relief on the cards from high trade deficit")
Rupee at 80: How have other currencies performed in the last six months
The Sri Lankan rupee has fallen over 66 per cent against the rupee in the last six months. It was trading at 2.7 per INR on January 19 and has fallen to 4.5 on July 19
 "Rupee at 80: How have other currencies performed in the last six months")
Euro rallies after report that bigger ECB rate hike is on the cards
The euro rose to as high as $1.0254, up 1.1% on the day and its strongest since July 6 as money markets priced in a 60% chance of a 50 basis point hike on Thursday, up from 25% on Monday.
 "Euro rallies after report that bigger ECB rate hike is on the cards")
Rupee crossing 80 to the dollar is nothing to be startled about
While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle
Euro at one-week high, rowback in Fed rate hike bets knocks dollar
The comments late last week knocked the dollar off two-decade highs and boosted global stocks and non-dollar currencies, especially the euro.
US dollar nudges down from multi-year highs as euro gasps for gas
The greenback has soared this year thanks to a combination of rising US interest rates and wobbling economies in Europe and China
 "US dollar nudges down from multi-year highs as euro gasps for gas")
Strongest dollar in a generation upends global economy, devalues currencies
The greenback is affecting everything from cost of an overseas vacation to profitability of MNCs
 "Strongest dollar in a generation upends global economy, devalues currencies")
Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low
The country's foreign exchange reserves had declined by $8 billion in the week ended July 8 to hit a 15-month low of $580.25 billion as RBI stepped intervention in the forex market
 "Rupee keeps off 80 per dollar; foreign exchange reserves at 15-month low")
Dollar pauses for breath as Fed leaves market pondering over rates path
The dollar index, which measures the currency versus six counterparts, edged 0.07% higher to 108.65, after reaching and then falling back from the highest since September 2002 at 109.29 on Thursday
 "Dollar pauses for breath as Fed leaves market pondering over rates path")
Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards
Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday
 "Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards")
