CURRENCIES

Rupee logs 3rd straight gains, up 11 paise against US dollar

At the interbank forex market, the rupee opened at 73.18 and hit an intra-day high of 72.97 and a low of 73.18. It finally finished at 73.0...

Dollar downtrend takes breather amid higher yields as jobs report looms

The greenback bounced off a nearly three-year low, with traders taking profits against the euro in particular, following a slide in the dol...

Most Asian currencies advance, likely vaccine deal boosts won

​​​Dollar weakness also underpinned gains in Asian stock markets, extending a year-end rally on hopes that vaccine rollouts would help regi...

Bearish dollar bets near decade high as 2020 draws to an end

Net short non-commercial positions in futures linked to the ICE US Dollar Index have surged to the most since March 2011, according to the ...

Rupee settles 6 paise higher at 73.49 against US dollar

On Thursday, the rupee had settled at 73.55 against the US dollar.

US dollar share of global reserves slide in Q3: IMF data

Global reserves are assets of central banks held in different currencies and are used primarily to support their liabilities. Central banks...

Dollar loses luster against Asia's top performing currency of 2020

In a year that’s upended so many norms, the dollar’s crown has slipped. The world’s reserve currency is trailing its Group-of-10 peers, but...

Spread of virus mutation keeps euro and pound under pressure

At 0802 GMT, the euro was down 0.31% at $1.2209 while the pound was losing 0.33% at $1.3422.

Five charts showing risk of dollar falling sharply into year-end

The Bloomberg Dollar Spot Index has already bulldozed down through a multi-year uptrend and a closely-watched Fibonacci level.

Dollar whipsaws as virus mutation rattles traders

The dollar index was last at 90.145 having been as high as 91.022 overnight. Nerves over the new strain of coronavirus are keeping it above...

New coronavirus strain hits pound as investors flee to dollar

Sterling fell as much as 2.5% against the dollar in morning trading with the yield on two-year British government bonds falling to a record...

Rupee settles 5 paise higher at 73.58 against US dollar

The local unit finally closed at 73.58 against the American currency, registering a gain of 5 paise over its previous close.

Dollar heavy amid stimulus progress, pound buoyed by Brexit hopes

The greenback was near its weakest since mid-2018 versus the riskier Aussie and kiwi dollars in early Asian trading with U.S. lawmakers scu...

Rupee opens flat, gains 3 paise to 73.61 against US dollar in early trade

Earlier, the local currency consolidated in a narrow range for the third successive session on Friday as market participants remained cauti...

Dollar weakens on vaccine, US stimulus optimism

Riskier currencies, including the Australian and New Zealand dollars as well as the Chinese yuan led gains against the dollar. Both the Aus...

Rupee soars 30 paise to end at 73.60 against US dollar

The domestic unit opened at 73.83 against the US dollar and witnessed an intra-day high of 73.59 and a low of 73.83.

Is a post-Covid currency war coming?

Investors' growing eagerness to buy into risky assets gave emerging market currencies their best month in nearly two years in November, str...