Gold Silver Reports – Stocks in Asia declined and the dollar headed for its first weekly drop this month as investors assessed messages from Federal Reserve and European Central Bank meetings this week and amid lingering concerns about the Republican tax overhaul package.
Currencies
At Gold Silver Reports, we deliver timely currencies news and forex updates covering USD, INR, EUR, GBP, and global forex markets. Our expert insights and daily analysis help traders and investors track price trends, exchange rates, and market movements effectively.
Rupee opens flat against US dollar at 64.57
Gold Silver Reports – The Indian rupee opened little changed against the US dollar on Monday as traders avoided taking long positions ahead of the Reserve Bank of India’s monetary policy review.
Rupee Unlikely to Gain Sharply in Short Term, Seen Range-Bound
Gold Silver Reports – The Indian rupee, which closed on two-month high on Tuesday, is unlikely to gain sharply from the current levels in December despite expectation of sustained foreign flows into the local equity market, according to currency dealers.
Rupee Scales New 2-Month High of 64.50
Gold Silver Reports -✅ Rupee Scales New 2-Month High of 64.50 — Showing resistance against early volatility, the rupee on Monday surged by a hefty 20 paise to end at a fresh two-month high of 64.50 even as S&P kept India’s credit rating unchanged. The rupee marked its best closing since September 20. It had tumbled to a low of 64.83 in early trade.
European Stocks Flat as Dollar Extends Decline
Gold Silver Reports – European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes.
Rupee Opens Higher Against US Dollar
Gold Silver Reports – Rupee Opens Higher Against US Dollar – The Indian rupee on Wednesday strengthened against the US dollar tracking gains in the local equity and Asian currencies market.
U.S. Stocks Decline With Dollar as Treasuries Rise
Gold Silver Reports – U.S. Stocks Decline With Dollar as Treasuries Rise – U.S. stocks edged lower after the best rally in two months, while Treasuries advanced as investors assessed the prospects for corporate tax cuts. The dollar dropped as the euro and yen gained.