By Administrator_ India Capital Sands The dollar edged marginally lower in early European trade Wednesday but remained near a one-month high as traders warily await the latest communications from the Federal Reserve following the recent jump in U.S. inflation. At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks
By Administrator_ India Capital Sands The dollar was down on Friday morning in Asia after the U.S. posted higher-than-expected inflation data in May. The USD/JPY pair inched up 0.08% to 109.40, with a new analysis saying another COVID-19 surge could come in Japan with or without the Olympics. The AUD/USD pair inched up 0.04%
By Administrator_ India Capital Sands Bitcoin fell 3% on Friday, giving up gains from the Asia session, as its recovery from this week’s plunge shows signs of faltering. Bitcoin fell to $39,262 on the Bitstamp exchange. That is roughly 30% above its Wednesday low, but just below its 200-day moving average.
By Administrator_ India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.05% to 94.093 by 11:17 PM ET (3:17 AM GMT). The dollar held onto gains from the previous week, seeing its largest weekly percentage rise since late September during the previous
By Administrator_ India Capital Sands The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, edged down 0.11% to 92.942 by 10:31 AM ET (2:31 AM GMT). On the COVID-19 front, the U.S., Russia and France all set new records for the number of daily COVID-19 cases.
By Administrator_India Capital Sands The dollar was down on Thursday morning in Asia, ahead of the ECB meeting taking place later in the day. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.165 by 11:54 PM ET (4:54 AM GMT). The euro
By Administrator_India Capital Sands The bounce has lifted the greenback about 1% above the 28-month low it hit against a basket of currencies on Tuesday and brought its first back-to-back daily gains since June. Few analysts expect it to hold for too long but it was steady in morning trade,
By Administrator_India Capital Sands The U.S. economy contracted by an unprecedented annualised rate of 32.9% in the second quarter, the Commerce Department reported Thursday, the worst decline since the Great Depression as the coronavirus pandemic hammered consumer spending. Economists had forecast a slightly larger decline of 34.1% after a 5%
By Administrator_India Capital Sands The dollar crept off milestone lows against other majors on Thursday, and held on to gains against the yuan, as heightened Sino-U.S. tension put a bit of caution into currency markets. China has vowed to respond and the escalation in tension between the world’s two
By Administrator_India Capital Sands The dollar was up on Friday morning in Asia, with investors turning to the safe-haven asset as the number of COVID-19 cases continue to be smash records. The U.S. recorded at least 75,000 cases over a 24-hour period on Thursday, and Brazil surpassed the 2