Gold Silver Reports — The rupee on Thursday was trading little changed against the US dollar amid thin trade as traders avoided long positions ahead of a long weekend.
Rupee Trades Little Changed Against US Dollar
Currencies
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U.S. Stocks Fall, Dollar Weakens After Growth Data: Markets Wrap By Jeremy Herron
Most U.S. stocks fell amid disappointing earnings that have rattled technology shares, while the dollar weakened and gold climbed after data showed the American economy expanding at a slower-than-expected pace.
Weakens Due To Fresh Dollar Demand
Gold Silver Reports — The Indian rupee weakened in early trades against the dollar on Monday, 24 July 2017 due to fresh dollar demand from importers. However, the US dollar sliding against other currencies overseas and a higher opening in domestic equities limited the rupees fall.
Pound Traders Set Brexit Bets as Key Summit Comes Into Play
Gold Silver Reports — What will Brexit look like in three months’ time? Pound traders are trying to figure it out.
Wednesday marks three months until a key European leaders meeting that could shape the final divorce. That means benchmark 3-month sterling volatility will start to cover the Oct. 19-20 summit for the first time. Traders need to gauge how a German election, three months of talks and political feuds in the U.K. will change the Brexit outlook by then.
Dollar Falls as U.S. Reform Hopes Dim; Gold Climbs: Markets Wrap
Gold Silver Reports — The dollar slid back to a 10-month low as President Donald Trump’s economic revitalization agenda once again faltered. European stocks dropped as some earnings disappointed, and gold climbed to the highest in two weeks.
HSBC Sees Rupee Weakness as Foreigners Put Brakes on India Flows
Gold Silver Reports — The Indian rupee may weaken as global funds start to hit buying limits for the nation’s debt and valuations for equities look expensive, according to HSBC Holdings Plc.
Europeans Paying Least This Year to Buy Gold on Currency Gains
Gold Silver Reports — Europeans are paying the least in six months to buy gold as the euro climbs amid speculation the European Central Bank is poised to withdraw unprecedented monetary stimulus.