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Topic

forex rate

Expenditure must be curtailed

Expenditure must be curtailed

Updated 10 Jan, 2023 06:42am
EDITORIAL: The government is in the throes of an acute dollar and rupee shortage (attributable to lack of fiscal...
Dollar pares gains before Fed's Powell speaks

Dollar pares gains before Fed's Powell speaks

Updated 04 Mar, 2021 09:51pm
  • "The US is assuming the leadership position on growth matters, fiscal dominance and certainly vaccinations," said Mazen Issa, senior FX strategist at TD Securities in New York.
  • The dollar index was little changed on the day at 91.094, after earlier rising to 91.223. The euro dipped 0.19% to $1.2039.
Mexico's peso dips, markets on edge after Senate approves divisive power bill

Mexico's peso dips, markets on edge after Senate approves divisive power bill

Published 03 Mar, 2021 09:12pm
  • The peso weakened 1.08% to 20.8 per US dollar on Wednesday after the Senate approved the bill on Tuesday evening.
  • The legislation, aimed at strengthening state utility CFE, has frayed market nerves amid criticism it is essentially an "indirect expropriation" that could elbow out private sector renewable energy providers.
Dollar index higher, Aussie gains on better risk sentiment

Dollar index higher, Aussie gains on better risk sentiment

Published 02 Mar, 2021 09:33pm
  • If you do see volatility the natural inclination is to take risk off the table, in this case it just basically means getting out of existing positions and the dollar shorts are extremely elevated at this point.
  • Short US dollar positions were last at $29.33 billion, according to data by the Commodity Futures Trading Commission.
Sterling knocked back by bond rout and inflation fears

Sterling knocked back by bond rout and inflation fears

Published 26 Feb, 2021 07:31pm
  • After rising above $1.42 for the first time in three years earlier this week, the pound fell to $1.3890.
  • Versus the euro, the pound fell 0.1% 87.03, after hitting a 10-day low of 87.30 pence in earlier trading..
Canadian dollar notches 3-year high as oil climbs

Canadian dollar notches 3-year high as oil climbs

Published 24 Feb, 2021 09:54pm
  • Canadian dollar up 0.1% against the greenback.
  • Loonie touches its strongest level since April 2018 at 1.2551.
  • Price of US oil increases 1.3%.
  • Canadian bond yields rise across a steeper curve.
Turkish lira extends decline after gov't defends past policies

Turkish lira extends decline after gov't defends past policies

Published 24 Feb, 2021 06:54pm
  • The lira weakened as far as 7.1840 and stood at 7.17 against the US currency at 1200 GMT, compared to a close of 7.11 on Tuesday.
  • "Some are sure that he will be appointed energy minister but Erdogan will decide. There are also those in the party that say this is not possible," the official told Reuters.
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