It seems for the fourth straight month, the greenback will end with a huge gain, all thanks to the US Federal Reserve Bank. In fact, except for May, in the entire 2022, the greenback has stayed buoyant. Nothing has changed in case of a trend. The US dollar skyrocketed to a new 24-year high against … Read more
After a short correction, the US dollar gains back strength, soaring near to July’s two-decade high with broad effects on global financial markets. The US Dollar has been appreciating against other currencies since mid-2021, but the most rapid rate of the increase happened since the Russian invasion of Ukraine. The dollar index, which measures the … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more
“I am extremely positive on the market at least for the very near term. The base has definitely shifted up higher from 15700 to 16000 on the Nifty,” said Kunal Bothra, kunalbothra.co.in. Edited excerpts: Bank Nifty came back strongly and short covering was in place for many individual stocks. The biggest positive sign was that … Read more