Gold Silver Reports (GSR) – India rupee is likely to open weak as the country’s current account deficit widened last quarter. The current account gap was $13 billion in October-December quarter or 2 percent of GDP.
Currencies
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Rupee Slips Against U.S. Dollar
Rupee opened lower at 64.92 per U.S. dollar against yesterday’s close of 64.83. -Rupee Slips Against U.S. Dollar
Rupee Becomes Asia’s Worst Performer In Today’s Trade
Rupee weakened 0.2 percent to 65.03 even as other Asian currencies advanced amid broad dollar weakness.
Rupee Opens Marginally Higher Against U.S. Dollar
👍 Rupee opened marginally higher at 64.87 per dollar against yesterday’s close of 64.89.
Trade War Pain for Asian Currencies to Shine Light on Deficits
Gold Silver Reports – Trade War Pain for Asian Currencies to Shine Light on Deficits – The current-account deficit is making a comeback as a reason to sell some Asian currencies, according to Credit Suisse Group AG.
US Dollar Retakes 90.00 and Above on US Data, Kiss 2-week tops
Gold Silver Reports – US Dollar Retakes 90.00 and Above on US Data, Kiss 2-week tops — The greenback, in terms of the US Dollar Index (DXY), has regained the psychological handle at 90.00 the figure following Powell’s testimony and US data.
Read More: US Dollar Index Ready to Big Big Move Above 90.46 Target 92 and More
US Dollar Index Ready to Big Big Move Above 90.46 Target 92 and More
If This happen Big Big Impact on Bullion (Gold, Silver) and energy (Crude Oil, Natural Gas)