Page 48 - Us Dollar
Rupee declines 12 paise to 74.70 against US dollar in early trade
The rupee declined by 12 paise to 74.70 against the US dollar in opening trade on Wednesday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the rupee opened weak at 74.70 against the US dollar, registering a decline of 12 paise from the last close. On Tuesday, the rupee slumped by 33 paise to close at a two-week low of 74.58 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.06 per cent to 95.67. The Indian Rupee opened weaker versus the dollar tracking the strength of the US bond yields and the greenback which got a lift on rate hike expectations, Reliance Securities said in a research note. Moreover, the strength of crude oil prices will also weigh on the local unit this Wednesday, it added. Meanwhile, global oil benchmark Brent crude futures jumped by 1.22 per cent to USD 88.58 per barrel. On the domestic equity mark
 "Rupee declines 12 paise to 74.70 against US dollar in early trade")
Dollar hits a six-day high after US treasury yields jump; yen steadies
The US Federal Reserve meets next week
 "Dollar hits a six-day high after US treasury yields jump; yen steadies")
Dollar fails to catch a lift from higher yields, Bank of Japan in focus
The yen edged higher ahead of the outcome of a central bank policy meeting, while the dollar seemingly ignored US Treasury yields
 "Dollar fails to catch a lift from higher yields, Bank of Japan in focus")
Reserve Bank of India buys, sells equal amount of US dollar in November
In November 2020, the RBI had net bought USD 10.26 billion from the spot market
 "Reserve Bank of India buys, sells equal amount of US dollar in November")
Rupee dips 9 paise to close at 74.24 against US dollar on rising oil prices
The rupee fell 9 paise to close at 74.24 (provisional) against the US dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments
US dollar snaps three-day losing streak as selling pressure abates
The US dollar index was 0.3% higher at 95.157, but still looked set to finish the week down about 0.6%, its worst weekly showing since early September
 "US dollar snaps three-day losing streak as selling pressure abates")
Dollar slides toward worst week in more than a year as longs lose faith
The dollar has dropped 1.53% against the yen over the week, its worst showing since June 2020, and pushed as low as 113.64 for the first time since Dec. 21.
 "Dollar slides toward worst week in more than a year as longs lose faith")
Dollar heads for largest weekly fall in 8 months as longs lose faith
The dollar index is down about 0.9% for the week, on course for its largest weekly percentage fall since last May and set to halt a rally that has lasted about six months
Asia shares stumble on weak China economic data, US dollar heavy
US consumer price inflation was at its highest in nearly 40 years, data showed overnight
 "Asia shares stumble on weak China economic data, US dollar heavy")
Sell dollar for everything else is echoing across world trading rooms
A growing chorus of investors is betting the world's reserve currency has reached a peak in a dramatic turnaround from a month ago.
 "Sell dollar for everything else is echoing across world trading rooms")
Oil hit two-month highs on US crude inventories fall, weaker dollar
Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world's top consumer, fell to their lowest since 2018
 "Oil hit two-month highs on US crude inventories fall, weaker dollar")
Dollar slumps as US inflation surge comes in line with expectations
The U.S. Dollar Currency Index, which tracks the greenback against six major currencies, was down 0.7% at 94.944, after slipping as low as 94.903, its lowest since Nov. 11.
World stocks rise, dollar down; US inflation data surges as forecast
World stocks rose while US Treasury yields and the dollar fell, after the latest US inflation data showed price pressures surging
 "World stocks rise, dollar down; US inflation data surges as forecast")
Dollar falls to 2-month low as US sees biggest gain in inflation since 1982
The U.S. dollar fell to a fresh two-month low against a basket of currencies on Wednesday after data showed U.S. consumer prices rose solidly in December, but in line with economists' expectations
Dollar steadies above two-month lows as US inflation test looms
Federal Reserve Chair Jerome Powell on Tuesday gave no clear indication that the Fed was in a rush to speed up plans for tightening monetary policy
Rupee gains 16 paise to 73.78 against US dollar in early trade
The rupee appreciated by 16 paise to 73.78 against the US dollar in opening trade Wednesday, supported by the weakening of the American currency in the overseas market and positive domestic equities
Yuan hits 2022 high against weaker dollar, but upside seen limited
China's yuan strengthened on Wednesday to its highest level so far this year against the dollar
 "Yuan hits 2022 high against weaker dollar, but upside seen limited")
Dollar swoons as Fed's Powell soothes policy fears; CPI test looms
The dollar slid to its weakest since November against major peers after Federal chief Jerome Powell said it may take several months to make a decision on balance sheet
Gold gains as U.S. dollar, yields pull back before Powell testimony
Spot gold rose 0.3% to $1,805.87 per ounce by 1027 GMT. U.S. gold futures rose 0.4% to $1,806.10
 "Gold gains as U.S. dollar, yields pull back before Powell testimony")
Dollar slips ahead of Powell comments; Swiss franc at seven week high
The dollar slipped on Tuesday but was stuck within recent ranges as investors waited for U.S. Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day
