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Silver price advanced by some 0.39% on Friday, capped by rising US yields, even though US data was softer than expected. XAG/USD trades at $64.70, after bouncing…
The Australian Dollar advanced on Friday after US Retail Sales disappointed investors, increasing speculation that the Federal Reserve might not raise rates, as the economy showed tentative…
NZD/USD gains 0.75% on Friday and trades around 0.5895 at the time of writing, with its rally losing some momentum as it approaches the psychological 0.5900 level.…
TD Securities’ Oscar Munoz argues that Chair Kevin Warsh’s communication strategy has undermined market confidence in the Federal Reserve’s inflation-fighting resolve. The report expects Warsh to reset…
The Indian rupee closed the week with losses against the dollar, with frequent dollar-selling interventions by the central bank curbing declines from the prolonged uncertainty from the…
Societe Generale notes India’s headline CPI rose slightly to 4.45% year-on-year in July, backing the RBI’s decision to keep policy unchanged. The central bank has reportedly been…
The rupee gained 2 paise to 95.43 against the US dollar in early trade on Friday, backed by a weaker greenback overseas.The Indian currency, however, remained under…
Over the week so far, the rupee has hovered in a 95.17-95.4450 range. | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India likely intervened in the…