The Indian rupee concluded the week on a positive note, bolstered by the retreat in U.S. Treasury yields and a slight easing in the dollar’s strength. This respite follows a period of concern earlier in the week when fears of prolonged elevated U.S. interest rates had driven the rupee perilously close to an all-time low. […]
The U.S. dollar showcased a resilient performance on Friday, bolstered by a noteworthy uptick in producer prices during July. This development triggered an interesting interplay with the ongoing speculation surrounding the Federal Reserve’s stance on interest rate adjustments. The Producer Price Index (PPI), a key metric gauging the cost of services, surprised markets with its […]
In a surprising turn of events, the U.S. dollar displayed remarkable resilience in the face of Fitch’s recent credit rating downgrade from AAA to AA+. Despite the move drawing an angry response from the White House and catching investors off-guard, the dollar barely budged on Wednesday, indicating its enduring strength and prominence in the global […]
The US dollar took a significant hit on Wednesday, tumbling to a two-month low. This sudden decline comes as traders brace themselves for the release of June’s US consumer price inflation data, with expectations of a slowdown in the figures. As a result, the currency market has been sent into a frenzy, leading to a […]
In the latest report by the Bureau of Economic Analysis, the US GDP (gross domestic product) for the first quarter of 2023 showed a modest increase of 2.0 percent, outpacing the previous quarter’s growth rate of 2.6 percent. The revised estimate, based on more comprehensive and reliable data, exceeded earlier expectations of a mere 1.3 […]
The US dollar is like a rollercoaster these days, going up one minute and down the next. This week, it’s been tumbling down like a wild ride, slipping by about 0.8% to settle just below the 104.00 level on Friday. And, as always, there are some culprits behind this drop in value. The steep decline […]
As worries over the state of the American economy returned on Friday, the dollar (USD) dipped against a basket of foreign currencies ahead of a Federal Reserve meeting on interest rates next week. Investors are anticipating rate decisions from the Fed, the European Central Bank (ECB), and the Bank of England (BoE) next week after […]
Following a brutal drop last week, the US dollar (USD) maintained its steady course on Monday as Federal Reserve Governor Christopher Waller stated that the central bank was continuing to fight inflation. The dollar index fell 3.6% over two sessions last week, its worst two-day percentage fall since March 2009, as a result of somewhat […]
The dollar (USD) maintained a firm position near a two-decade high against most of its counterparts on Tuesday, as money markets brace for another aggressive interest rate hike by the US Federal Reserve tomorrow. The US Dollar Index (DXY), which tracks the performance of the greenback against six other major currencies, currently trades up at […]
