Looking for the best carry trade in currency markets?

Last Updated On March 15, 2017 2:03 PM by Neal Bhai

Gold Silver Reports — Looking for the best carry trade in currency markets? The Taiwan dollar leads the pack. With global currency volatility near a three-month low, conditions are supportive for carry trading in emerging currencies from the Brazilian real to the Thai baht and Russian ruble. The Taiwan dollar trade has outperformed this year, defying concerns that U.S. President Donald Trump may impose protectionist policies that hurt the island’s exports, which are critical to its economy. Overseas shipments have actually been growing. Taiwan also recently raised its 2017 economic growth forecast, and its financial markets are sizzling.

Rupee Climbs to 1-Week High on Dollar Weakness

Last Updated On February 20, 2017 6:25 PM by Neal Bhai

Gold Silver Reports — Rupee Climbs to 1-Week High on Dollar Weakness — The rupee continued its impressive run against the broadly weak dollar for the second straight day , surging by a solid 15 paise to end at 67.95 -a level last seen on December 30 -amid hopes for a speedy roll-out of GST.

Pound Falls Even as Inflation Rises

Last Updated On February 20, 2017 6:46 AM by Neal Bhai

Gold Silver Reports — The pound fell even as a report showed that the UK’s annual in flation rate accelerated more in June than economists forecast, …

Dollar Hits Four Month High on US Data

Last Updated On February 20, 2017 6:46 AM by Neal Bhai

Gold Silver Reports – The dollar rose to a 4-month high against a basket of major currencies on Tuesday after the release of data showing US …

Rupee Trades Higher at 67.53 Against US Dollar

Last Updated On February 20, 2017 6:47 AM by Neal Bhai

Gold Silver Reports — The Indian rupee on Thursday strengthened for the 2nd consecutive session against the US dollar, after local equity markets gained for the fourth session.

Stocks Rise Before U.S. Jobs Data

Last Updated On February 20, 2017 7:07 AM by Neal Bhai

Gold Silver Reports — Most Asian equities rose and the Japanese yen held near a three-week high before U.S. jobs data that will shape expectations for the timing of the Federal Reserve’s next interest-rate hike. The British pound extended its loss for the week and Brent crude traded near $50 a barrel.

India Economy Will Support Rupee Bonds

Last Updated On February 20, 2017 7:05 AM by Neal Bhai

Gold Silver Reports — Pacific Investment Management Co. says the growth trajectory and financial health of India’s economy will support rupee bonds regardless of who helms the central bank. That may soon be someone other than Governor Raghuram Rajan after a newspaper report said he’s not seeking a 2nd term.