Monthly Archives: August 2026
Dollar eases as Biden withdraws reelection bid; yuan remains steady after rate cut
Written on August 20, 2026 at 2:25 am, by josephine
The dollar eased on Monday following U.S. President Joe Biden’s decision to end his reelection campaign, which opens the door for another Democrat to challenge Donald Trump. Will Kamala Harris’ bid prove to be sufficient?
Safe-haven gold strengthens as Biden’s move sparks market uncertainty
Written on August 20, 2026 at 2:25 am, by josephine
Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden’s decision to withdraw from the 2024 presidential race. Investors turned to bullion as a hedge against an uncertain political and market outlook.
Netflix stock stagnates as quarterly revenue disappoints
Written on August 20, 2026 at 2:25 am, by josephine
Netflix reports underwhelming quarterly revenue despite new subscriber gains, causing its stock to flatline. Read more about the market implications and forecasts.
US dollar index loses strength as Fed rate-cut expectations grow
Written on August 20, 2026 at 2:24 am, by josephine
The US dollar index (Symbol: USDX) as expectations of an interest rate cut grows stronger as the spotlight shifted to economic data for more clues on the monetary policy path of the Federal Reserve.
Aussie and kiwi dollars struggle on China rate cuts; dollar drifts
Written on August 20, 2026 at 2:24 am, by josephine
The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.
Rupee edges higher with Asian peers; India awaits budget
Written on August 20, 2026 at 2:24 am, by josephine
The Indian rupee saw a modest rise on Tuesday, trading at 83.6250 against the U.S. dollar as of 09:30 a.m. IST, up slightly from its previous close of 83.6575.
Nikkei rebounds as chipmakers and shippers lead rally
Written on August 20, 2026 at 2:24 am, by josephine
Japan’s Nikkei 225 index rebounds from a three-week low, driven by gains in chipmakers and shippers. Explore market implications and short-term trading opportunities.
Euro and the British pound directionless as China rate cuts and US election uncertainty creeps in
Written on August 20, 2026 at 2:24 am, by josephine
Euro and the British pound trades directionless as forex markets react to China’s rate cuts and Biden’s election decision. Read more for market analysis and forecast
Japan’s Nikkei hits one-month low with mixed US tech earnings and a yen rally
Written on August 20, 2026 at 2:24 am, by josephine
Japan’s Nikkei share average dropped for a sixth consecutive session on Wednesday, closing at a one-month low of 39,154.85, down 1.11%. This marked its longest losing streak since October 2021. The broader Topix index also slid 1.42% to 2,793.12.
Rupee avoids record low on RBI intervention but expected to weaken
Written on August 20, 2026 at 2:23 am, by josephine
The Indian rupee stayed nearly flat on Wednesday, hovering at 83.69 against the U.S. dollar by 11:00 a.m. IST, barely changed from its previous close at 83.6875. This steadiness came despite the currency nearing a record low of 83.7150 on Tuesday.
