Gold Silver Reports (GSR) – The U.S. currency has enjoyed a strong run this year thanks to the Fed’s steady policy tightening on the back of a robust economy and rising wage pressures. A fourth rate hike for this year is expected next month and policy makers had indicated two more by June 2019.
Currencies
Currencies are types of money used by countries for buying and selling goods and services. Each nation has its own currency, like dollars or euros, which helps people trade easily. They can be coins, notes, or digital money, and their value changes based on global markets.
Dollar Index Made Triple Bottom @96.70, If Hold Below Big Correction Ahead? Think USD/INR, Gold CME And MCX Gold Will Go
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Rupee, Bonds Gain as Crude Oil Prices Ease
Gold Silver Reports (GSR)— This prompted FIIs to buy nearly $1.26 billion in domestic debt over the last nine trading sessions (between 24 October and 5 November). So far this year, FIIs have offloaded $7.76 billion in domestic bonds.
Rupee Slump to Push India to Seek Yuan Trade Settlement
The plan would enable direct convertibility between the rupee and yuan and will help cut transaction and hedging costs, the people said, asking not to be identified citing rules. The proposal would allow Indian exports of pharmaceuticals, oilseeds and sugar to China to be settled in rupee, while keeping out trade in high volume products such as electronics, they said.
Watch Dax Index Low @11240, I Told You Sell Below 11350 Enjoy Or Not – Neal Bhai Reports
Watch Dax Index Low @11240, I Told You Sell Below 11350 Enjoy Or Not – Neal Bhai Reports Dax Index Call : – Dax Index Below 11350 Sell and Sleep – Neal Bhai Reports Technical Power of CFA’s(CHARTRED FINANCE ANALYST)“No Magic, No Miracle, Just Power of Level”Neal Bhai Reports (NBR) By …
Yen Exerts Safe-Haven Pulling Power Amid Brexit, Italian Budget Worries
The Japanese yen, a safe haven in uncertain times, firmed against the dollar on Tuesday, as the euro and sterling suffered due to doubts over Italy’s budget spending and over British Prime Minister Theresa May’s future with Brexit talks stalled.
Orderly Rupee Depreciation To Increase Competitiveness, Says World Bank Official
An orderly depreciation of the rupee would increase competitiveness and relieve some of the pressures in capital market, according to a top World Bank official, who described it as a “positive development” if done in the right way.
Goldman Can’t Rule Out U.S. Naming China a Currency Manipulator
Though China doesn’t meet the three official criteria, the Treasury Department could still accuse the Asian nation if it found that China was manipulating the yuan for trade purposes, Goldman notes. While not the bank’s base case, given that currency matters have played a “central role” in the U.S.-China trade standoff, a formal declaration isn’t unfathomable.
Rupee Crashes to New Record Closing Low of 74.06 Against US Dollar
Rupee Crashes to New Record Closing Low — The rupee today touched a life-time low of 74.23 (intra-day) after the Reserve Bank of India (RBI) unexpectedly kept the policy rate unchanged.