Tag Archives: Policy
Rupee edges higher with Asian peers; India awaits budget
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.
Dollar eases as Biden withdraws reelection bid; yuan remains steady after rate cut
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?
Week ahead: Fed eyes rate cut amid economic shift
Fed Chair Jerome Powell recently emphasised that the latest inflation figures boost confidence in reaching the 2% inflation target, suggesting a potential rate cut in September. June retail sales in the US, excluding autos, rose by 0.4%, surpassing expectations.
Week ahead: Tech sell-off, inflation data drives markets
A sharp sell-off in mega-tech stocks dragged down the Nasdaq and the S&P 500. However, a cooler-than-expected inflation update suggested a nearly certain 25 basis points (bp) Federal Reserve rate cut in September. Learn how despite the tech slump, the anticipation of lower interest rates has buoyed investor sentiment.
Aussie hits six-month high, kiwi drops on U.S. rate cut speculation
Key points: The Australian dollar held near six-month peaks on Friday, driven by market speculation around potential U.S. rate cuts. In contrast, the New Zealand dollar experienced significant declines due to expectations of steeper cuts domestically. Aussie gains, Kiwi struggles See: Aussie on the rise as seen on the VT Markets app. The Aussie stoodContinue Reading
Dollar strengthens on Powell’s caution; Kiwi weakens post-dovish central bank
Key points: Dollar firms on Powell’s caution See: Dollar index trading at 104.768 as seen on the VT Markets app. Powell highlighted a cooling job market, indicating that the Fed faces “two-sided risks” and cannot focus solely on inflation. This statement underpinned the dollar’s rebound, with the dollar index (DXY), which measures the U.S. currencyContinue Reading
Gold edges higher as focus turns to Fed Powell’s testimony
Gold prices experienced a slight uptick on Tuesday, reflecting cautious optimism among investors as they await critical economic updates. Spot gold rose by 0.2%, reaching $2,364.03 per ounce.
Week ahead: Rate cuts anticipated amid economic data
Traders continue to watch the Federal Reserve’s indications regarding potential rate cuts. Despite new forecasts for monetary policy that include an interest rate reduction in 2024, market expectations remain firm for the first cut in September, followed by another in November.
Japanese authorities signal potential intervention in the face of weak yen
The US dollar dipped after inflation data signaled potential Fed rate cuts. Key economic reports next week, including nonfarm payrolls, will guide market expectations.
Gold holds steady as slowing inflation bolsters expectations of Fed rate cuts
Key points Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year. Picture: Gold on the rise, trading at 2325.10 as seen on the VT Markets app. Spot gold rose 0.1% to $2,327.12 per ounce, as of 0202 GMT. PricesContinue Reading
