RESERVE BANK OF NEW ZEALAND
RBI appoints Arnab Kumar Chowdhury as new executive director
Arnab Kumar Chowdhury has been appointed as executive director by the Reserve Bank of India, taking charge of three key departments, including DICGC, effective immediately. Previously serving as Chief General Manager-in-Charge of the Supervision Department, Chowdhury brings over 30 years of experience in financial entity supervision, corporate strategy, and policy formulation to his new role. He holds a master's in economics and is a certified associate of IIBF.
Dollar flirts with key 160 yen level as intervention risk looms
The yen near 160 per dollar kept traders alert for Japanese authorities' intervention. Bitcoin suffered losses due to outflows from exchange-traded funds (ETFs). The dollar edged higher at 159.64 yen, close to the level prompting a massive intervention by Tokyo in April-May.
Rupee sees range-bound trade against US dollar in morning deals
The rupee traded against the US dollar in early trade, influenced by the equity market and factors like the dollar's strength and crude oil prices.
Dollar steady ahead of inflation reading; yen teeters toward 160
The dollar steadied on Monday as traders awaited clues on U.S. inflation influencing interest rates, while Japanese authorities' actions had little impact on the yen's decline to 159.94 per dollar, its lowest since April 29.
Dollar edges higher, buoyed by monetary policy imbalance
The dollar strengthened against major currencies on positive U.S. economic data. U.S. business activity surged in June, easing inflation concerns. Dollar index rose to 105.81, erasing weekly declines. Thierry Wizman predicts continued dollar strength amid European political uncertainty.
Dollar extends gains against yen with US economic strength in focus
The dollar strengthened against the yen, euro, and sterling amidst U.S. economic concerns and central bank actions. Bitcoin price rose to $65,105 amidst market fluctuations.
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Rupee at new low of 83.65 on strength in greenback
The Indian rupee weakened to a record low against the US dollar due to broad gains in the American currency and corporate outflows. The Reserve Bank of India intervened but refrained from significant action. The Chinese Yuan's weakness and corporate outflows also contributed to the rupee's decline, as noted by Shinhan Bank's vice-president.
Dollar steadies; sterling dips ahead of inflation test
The dollar weakened after soft U.S. retail sales data increased expectations of Federal Reserve rate cuts, while sterling dipped ahead of UK inflation data. Markets predict a 67% chance of rate cuts in September.
Dollar firm as euro wallows; yuan brushes aside China data
The dollar remains strong as the euro nears a one-month low amid concerns in Europe. China's economic data suggests an uneven recovery. Political turmoil in Europe affects the euro, benefiting the dollar indirectly.
Currency traders readying for a ‘Vol Killer’ summer after Fed
Investors may be disappointed as currency volatility is expected to remain low despite initial signs of turbulence. The market reacted to weak inflation data and Powell's rate cut projection, causing the FX Volatility Index to fall. Traders now anticipate narrow currency ranges over the summer.
Yen falls after BOJ decision; euro stutters towards weekly loss
The yen fell after the Bank of Japan kept rates unchanged and announced plans to reduce bond buying. Meanwhile, the euro faced political turmoil and a weekly loss.
Dollar slips on cooler US inflation; yen fragile ahead of BOJ
Asian currencies were strong against a weaker dollar due to U.S. inflation concerns. The yen faced pressure ahead of the Bank of Japan meeting and as Fed policymakers hinted at maintaining high rates.
India cenbank likely intervened in NDF to stop rupee from hitting record low, traders say
India's central bank likely intervened in the non-deliverable forward market before the local spot market opened on Wednesday to prevent the rupee from dropping to an all-time low.
Euro slips to one-month low as Macron calls French election
The euro fell as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations.
Australia, NZ dlrs in demand as rate outlooks diverge
The Australian and New Zealand dollars rose as G7 central banks started easing cycles, contrasting with steady rates at home. The Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.5% until November, while the Reserve Bank of Australia (RBA) is unlikely to ease until April next year.
Rupee falls most in over a year as vote count shows narrower win for Modi-led alliance
Traders said the Reserve Bank of India (RBI) likely stepped in to limit the rupee's decline. State-run banks were spotted offering dollars near 83.50 levels, likely on behalf of the RBI. The sales were intended to plug likely outflows instead of pushing the dollar-rupee pair lower, a foreign exchange trader at a large private bank said.
Rupee falls most in over a year as vote count shows narrower win for Modi-led alliance
The Indian rupee slumped on Tuesday after vote counting trends signalled that Prime Minister Narendra Modi's Bharatiya Janata Party-led alliance would win a narrower majority than was expected, spurring a selloff in local equities.
Dollar wallows at multi-month lows as Fed cut bets grow
The dollar faced pressure as consumer price pressures stabilized, but upcoming U.S. payroll figures are being closely monitored by analysts like James Kniveton for economic strain.
Rupee halts 3-day losing streak on flows; election outcome eyed
The Indian rupee ended higher on Thursday, halting a three-day losing streak, supported by dollar inflows related to the rebalancing of the MSCI equity indices.
Dollar ebbs as markets await key global inflation reports
The dollar weakened on Tuesday awaiting key inflation data for global interest rate guidance. Euro held steady despite dovish ECB comments. GBP and NZD gained, with focus on US PCE price index report on Friday.
Rupee rises 4 paise to 83.06 against US dollar in early trade
The rupee appreciated by 4 paise to 83.06 against the US dollar on Monday, supported by the weakness of the American currency. Elevated crude oil prices restricted the upmove. The Adani Group plans to raise USD 3.5 billion through a Qualified Institutional Placement.
Dollar down on profit taking but upbeat outlook remains
The dollar slipped against major currencies on Friday, but remains well-placed for further advances supported by strong U.S. economic data. Markets dial back expectations for interest rate cuts as U.S. business activity accelerates and input prices surge, prompting a debate among policymakers on inflation control.
Asia stocks weaken on the patient approach to rate cuts
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.57%. Australia's S&P/ASX 200 index was one of the biggest decliners, slumping 0.8%, also hurt by a pullback in some commodity prices.
Dollar up as traders await Fed clues; sterling rises
Fed Governor Christopher Waller on Tuesday said he would need to see several more months of good inflation data before he would be comfortable supporting rate cuts.
Asia stocks edge up on Nvidia hopes, NZ dollar jumps
Markets are braced for fireworks when Nvidia reports after the bell, with options priced for a swing of 8.7% in either direction, worth $200 billion in market value.
Dollar consolidates as Fed urges patience; markets await meeting minutes
Investors have been shoring up rate cut bets after a milder inflation reading last week boosted expectations for U.S. rate cuts this year.
Dollar steady; ether fuels crypto rally
Cryptocurrencies rallied, led by a surge in ether on growing anticipation of an impending approval of spot ether exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).
Asia shares touch two-year top as China plans property boost
Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran's president drawing traders' attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce.
5 world market themes for the week ahead
Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.
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