Gold Silver Reports — The Indian rupee eased in early trades on Wednesday, 22 March 2017 amid gains in the US currency in global markets. Dollar strengthened against major global currencies hitting the rupee sentiment. Early losses in stock markets and demand for the US currency from importers also weighed on the rupee.
Gold Silver Reports — The Indian rupee edged slightly lower against the dollar in early hours on Friday, 17 March 2017, reversing its 4-day climb, as the American currency got some of its lure back among banks and importers. The dollars strength overseas weighed, but a higher opening in domestic equities cushioned the impact.
Gold Silver Reports — India’s under-capitalized lenders should be restricted from expanding deposits and loans to help revive the banking sector burdened by increasing bad loans, a deputy governor at the nation’s central bank said.
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.
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, with traders awaiting the first data that indicate the state of the nation’s economy. Sterling weakened versus all except two of its 16 major …
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 housing starts rose more than expected in June, underpinning a theme of strength in the US economy. Groundbreaking on US homes surged 4.8%. – …
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.
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.
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.
Gold Silver Reports — The dollar’s best month in more than a year faces one last barrier: Janet Yellen speaks on Friday and any hint that interest-rate hikes will be delayed could spur a reversal for the greenback.