By Administrator_India Capital Sands The U.S. dollar skidded toward a fourth straight weekly decline against a basket of major peers on Friday, as the Federal Reserve stuck to its message of ultra-low interest rates for longer. The dollar index was on course to end the week 0.2% lower, bringing its losses for April to 2.8%. A four-week […]
By Administrator_India Capital Sands The dollar headed for its worst back-to-back weekly drop this year amid a continued retreat in Treasury yields from more-than-one-year highs as investors increasingly bought into the Federal Reserve’s insistence of continued monetary support. The benchmark 10-year Treasury yield dipped to a one-month low of 1.528% overnight, from as high as 1.776% at […]
By Administrator_India Capital Sands The dollar fell to multi-week lows against the euro and the yen on Wednesday, after an uptick in a U.S. consumer price gauge did not spark wider fears about accelerating inflation and the Federal Reserve’s tapering, pushing down U.S. bond yields. The dollar ticked down 0.2% to 108.80 yen, touching its […]
By Administrator_India Capital Sands The dollar inched up on Thursday morning in Asia after hitting a seven-month high against the yen during the previous session. With U.S. Treasuries recording orderly gains and boosting the dollar, U.S. Federal Reserve Chairman Jerome Powell is also due to give a speech later in the day. The U.S. Dollar Index that tracks the […]
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By Administrator_India Capital Sands Bitcoin surged as much as 15% on Friday after Tesla founder Elon Musk changed his Twitter bio to “#bitcoin.” The digital asset spiked to $38,089.94 following the billionaire’s update, after having spent most of the week in a range between $31,000 and $33,000. The token hit an all-time high of over $41,000 earlier this […]
By Administrator_India Capital Sands Gold steadied as investors awaited commentary from Treasury Secretary nominee Janet Yellen on the dollar and stimulus when she testifies on Capitol Hill a day ahead of Joe Biden’s inauguration as president. Yellen’s Senate confirmation hearing is likely to feature foreign-exchange policy, and will also serve as the first congressional forum […]
By Administrator_India Capital sands The dollar shrugged off news of President Trump relenting on a threat to block a COVID-19 aid bill in thin trading on Monday with many investors on holiday. The pound hovered below a 2 1/2-year high in the Asian session following the agreement last week of a narrow Brexit trade deal […]
By Administrator_India Capital Sands The dollar was up on Friday morning in Asia but slid through major support levels and was headed towards its worst week in a month. The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged up 0.15% to 89.817 by 9:24 PM ET (2:24 AM GMT). The dollar […]
By Administrator_India Capital Sands The British pound rose against the dollar and euro on hopes that Britain and the European Union will secure a free trade agreement after their decision to extend negotiations beyond the Sunday deadline. The dollar traded near a 2 1/2-year low against major peers ahead of a U.S. Federal Reserve meeting […]