In response to a recovery in the value of the dollar relative to other major currencies, the Indian rupee had its largest weekly loss in two months. As Treasury yields increased amid an increase in expectations that the Federal Reserve will intensify its fight against inflation, a measure of the dollar experienced its best weekly…
On Friday, traders increased predictions of an impending halt to the U.S. Federal Reserve’s rate-hike cycle on signs of slowing inflation, sending the U.S. dollar plummeting to a one-year low versus a basket of currencies while the euro reached a one-year high. A day after inflation statistics indicated a moderating in consumer prices, data from…
Indian sugar mills will break their export promises, raw sugar prices in the international market reached a high of 20 US cents per pound on Tuesday night. On Wednesday, it fluctuated, falling below the 20 cent threshold before rising again. Contracts are the result of the worldwide market’s response to exporters’ guarantees that there won’t…
The dollar was down on Tuesday morning in Asian markets but was near to its two-year high against the euro and an 18-month high against the pound. Concerns about the economic effect of China’s COVID-19 lockdowns and the aggressive pace of U.S. interest rate hikes gave the safe-haven dollar a raise. The U.S. Dollar Index that…
