Mumbai: The rupee on Monday suffered its sharpest single-day fall against the dollar in two-and-a-half months as unexpectedly strong US employment data boosted the greenback by keeping alive the chances of more Fed rate increases. The decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the … Read more
Gold prices eased on Wednesday as the dollar held ground at its highest in more than two years and pressured demand for greenback-priced bullion. FUNDAMENTALS * Spot gold was down 0.1% at $1,903.16 per ounce, as of 0037 GMT. U.S. gold futures were up 0.1% at $1,905.80. * The dollar held steady after climbing to … Read more
TOKYO: The dollar edged up on Thursday supported by expectations for aggressive Federal Reserve monetary tightening, but was well off the previous day’s peaks amid nervousness about what a gathering of finance ministers might say about its rapid appreciation. The greenback added 0.36% to 128.335 yen, after soaring to a two-decade high of 129.430 on … Read more