Rupee likely to Appreciate on Weak Dollar

“Rupee extended its gains in yesterday’s session after Fed Chairman signaled a likely slowdown in the pace of tightening in December, while indicating that more hikes will be necessary to curb inflation.


Australian Dollar’s Surge Is Bringing Out the Bears

Gold Silver Reports – Australian Dollar’s Surge Is Bringing Out the Bears — The Australian dollar’s longest rally in 18 months is bringing out the bears. The Aussie is poised to go into reverse as the Federal Reserve keeps raising interest rates, while the Reserve Bank of Australia leaves borrowing costs at a record low, said James Athey at Aberdeen Standard Investments in London, who is adding to his short positions. Schroder Investment Management Australia Ltd., which is also short, said the Aussie is likely to trade closer to 70 U.S. cents than 80 cents in 12 months.