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Helps to spur US stock indices higher The US yields have come off there high levels as chair Powell sticks by his story of low inflation (with the possibility of transitory increases) and high unemployment. The 10 year yield is trading at 1.382%, up 4.0 basis points. That is a down from the high yield
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NEW DELHI: Gold prices on Wednesday fell Rs 148 to Rs 46,307 per 10 grams in the national capital, due to overnight selling in global prices and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 46,455 per 10 grams in the previous session. Silver also declined Rs 886 to Rs
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At the testimony before the Senate, Fed Chair Jerome Powell cautioned that the economic recovery is uneven. He pledged to maintain sufficient support to achieving the employment and inflation targets. Concerning economic developments, Powell refrained from sending a too optimistic message. He affirmed that the recovery highly depends on the pandemic situation. He noted that
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Sterling rises broadly today as UK Prime Minister Boris Johnson said he’s “hopeful” and “very optimistic ” to end pandemic restrictions on June 21, based on the “one-way road to freedom” roadmap unveiled yesterday. Canadian Dollar is Dollar is following as second strongest, with a little help from oil prices. Swiss Franc and Yen are
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New Zealand Dollar opens the week higher after ratings upgrade by S&P. The Kiwi would now look into RBNZ’s comments on the economy and new economic projections featured later in that week. Elsewhere, overall risk-on sentiments continue to support commodity currencies and Sterling. On the other hand, Yen and Swiss Franc are trading generally lower,
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