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Tag Archives: dollar

Indian rupee tumbles by 10 paisa to 61.51 against dollar at start

MUMBAI: The Indian rupee declined by 10 paisa to 61.51 against the dollar in early trade today at the Interbank Foreign Exchange market due to appreciation of the US currency overseas. Forex dealers attributed the domestic currency’s fall to the dollar’s gains against other global currencies and a lower opening in the domestic equity market. The rupee had ended marginally ... Read More »

Indian rupee declines to 10 paise lowest to 61.51 against dollar

MUMBAI: Indian rupee fell by 10 paisa to 61.51 against dollar at the Interbank Foreign Exchange market on fresh demand for the American currency from importers. Forex dealers attributed the domestic currency’s fall to the dollar’s gains against other global currencies and a lower opening in the domestic equity market. It then declined to 61.51 per dollar on dollar demand ... Read More »

Oil quits early gains as Brent slips below $48

LONDON: Oil quit early gains with Brent futures skidded below $48 on Tuesday as a powerful dollar weighed, offsetting comments from producer group OPEC that prices may have found a floor. The Secretary-General of the Organization of the Petroleum Exporting Countries, Abdullah al-Badri, said oil prices may have bottomed out and warned of a risk of a future jump to ... Read More »

Dollar tumbles against Yen in Asian trade

NEW YORK: The dollar declined against the yen in Asian trade on Tuesday, with remarks by a Japanese government minister about the Bank of Japan’s 2% inflation target. Economy minister Akira Amari said Tuesday that the central bank was not constrained by a loose schedule of about two years for achieving its inflation goal, pointing to falling energy prices as a ... Read More »

Yen strengthens against dollar after 3 days

BEIJING: The yen became stronger versus dollar, snapping a three-day fall, after the Bank of Japan (BOJ) abstained from adding a stimulus plan that had sent the currency reducing when it was extended in October. Australia’s dollar climbed and New Zealand’s currency rallied after stocks in Asia advanced, reviving demand for higher-yielding assets. The euro rose before the European Central ... Read More »

Tokyo stocks open 1.08% lower as anti-austerity party wins Greece election

TOKYO: Tokyo stocks tumbled 1.08 per cent in early trade on Monday after anti-austerity party Syriza swept to victory in Greece’s snap elections, sending the euro to a new 11-year low versus the dollar. The Nikkei 225 index at the Tokyo Stock Exchange was down 188.89 points to 17,322.86 at the start. The euro was trading at US$1.1169 at 1240 ... Read More »

Indian rupee starts 26 paisa higher to 61.44 per dollar

MUMBAI: The Indian rupee increased in the early morning on Friday. It has started higher 26 paisa at 61.44 per dollar against 61.70 Thursday. The euro struggles at 11-year lows after suffering a massive decline as the European Central Bank launched a stimulus program that would pump hundreds of billions in new money into a sagging euro zone economy. Pramit ... Read More »

Yen strengthens against dollar after 3 days

BEIJING: The yen became stronger versus dollar, snapping a three-day fall, after the Bank of Japan (BOJ) abstained from adding a stimulus plan that had sent the currency reducing when it was extended in October. Australia’s dollar climbed and New Zealand’s currency rallied after stocks in Asia advanced, reviving demand for higher-yielding assets. The euro rose before the European Central ... Read More »

Russian Ruble advances 0.1pc against dollar

TOKYO: Russia’s ruble advanced at opening on Tuesday, expanding slightly gains from the last period despite dipping global oil value. At 10:06, the ruble was about 0.1 percent stronger against the dollar at 64.92 and gained 0.3 percent to trade at 75.20 versus the euro. Read More »

Yen soars vs dollar & euro in Asian trade after Swiss move

BEIJING: The yen reinforced its power against the dollar and the euro in Asian trade Friday, with the surprise of the Swiss central bank’s move to crumb its long-standing currency cap appealing buying of the safe-haven Japanese currency. The greenback went as low as Y115.85, its lowest since Dec. 16, before recovering to Y116.42 around 0450 GMT. The U.S. currency ... Read More »

Japan stocks down as yen climbs vs dollar, Topix index dips 0.6%

TOKYO: Japanese stocks tumbled for a second day as yen climbed high against the dollar. The Topix index lost 0.6 per cent to 1,365.67 as of 9.02am in Tokyo, with all of its 33 industry groups falling. The Nikkei 225 Stock Average dropped 0.8 per cent to 16,956.80. The yen added 0.1 per cent per cent to 117.81 per dollar, ... Read More »

Dollar skids to 1 month low against yen

TOKYO: The dollar dipped to its lowly level versus the yen in a month on Tuesday, as Treasury yields tumbled on enlarged insists for safe-haven property against a background of sinking oil value. The dollar fell about 0.5 percent against the yen to 117.83 , as markets in Tokyo reopened after Monday’s public holiday. It earlier touched 117.74 yen, its ... Read More »

Indian rupee starts higher by 8 paisa at 62.08 vs dollar in early trade

MUMBAI: The Indian rupee strengthened by 8 paisa at 62.08 per dollar in opening trade on Tuesday against last day’s ending value of 62.16 a dollar. The dollar tumbles against the yen in unstable trading, pressured by weakness in US stocks as the currency’s positive outlook was somewhat diminished by surprisingly weak US wage data on Friday. Read More »

New Zealand dollar rises against greenback

WELLINGTON: New Zealand dollar rose as lower US wages caused investors to question how quickly the Federal Reserve will hike interest rates when it starts tightening monetary policy this year. The kiwi increased to 78.54 US cents in Wellington from 78.38 cents and 78.35 cents in New York. The trade weighted index declined to 79.77 from 79.98 last week. Sam ... Read More »

Dollar tumbles versus euro & yen after US job report

LONDON: The dollar tumbled against the euro and the yen on Monday after the new U.S. job report on Friday pointed out that the Federal Reserve could afford to keep rates on hold for longer. EUR/USD edged up to 1.1852, off the nine year trough of 1.1753 reached last Thursday. Read More »

Dollar, Asian stocks fall makes way for interest rates

NEW YORK: The dollar decline and most Asian stocks drop after an unexpected fall in US wages clouded the view for interest rates, whereas crude oil’s crisis fuelled concern over inflation. Australian bonds climbed with silver. The Bloomberg Dollar Spot Index fell a second day, losing 0.2 per cent by 9:59 a.m. in Tokyo as the greenback weakened versus the ... Read More »

South Korean won hits 2 months high against dollar

SEOUL: The South Korean won hit two-month high against the dollar on Monday morning, suspended for a three-day winning streak as an surprising drop in US wages prompted shareholders to cut long positions in the greenback. An otherwise solid US job report released on Friday was marred by a decline in average hourly earnings, weakening the case for an early ... Read More »

Indian rupee remains under pressure vs dollar last week

MUMBAI: The rupee remained mostly under pressure versus the dollar in the open market previous week, but posted quick confrontation in the interbank market. However, it continued to post a powerful performance against the euro. The local currency started the week at the interbank market by losing six paisas for buying and five paisas for selling, which sent the dollar ... Read More »

Rupee depreciates vs dollar, sheds 15 paisas in open market to reach 101.15

KARACHI: The Pakistani rupee lost value against US dollar in open market, however it remained stable in interbank on the last trading day on Friday. As per local currency market, the US dollar gained 15 paisas in open market to reach 101.15, while it remained unchanged in interbank on 100.60. On Thursday, the American currency lost 5 paisas in open ... Read More »

Rupee depreciates vs dollar, sheds 15 paisas in open market to reach 101.15

KARACHI: The Pakistani rupee lost value against US dollar in open market, however it remained stable in interbank on the last trading day on Friday. As per local currency market, the US dollar gained 15 paisas in open market to reach 101.15, while it remained unchanged in interbank on 100.60. On Thursday, the American currency lost 5 paisas in open ... Read More »