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Selling focus appears to be turning to Yen as markets enter into US session. Swiss Franc remains weak but the decline is slowing slightly. Dollar and Euro are also soft, but both are supported by buying against Yen and Franc. On the other hand, commodity currencies remain the strongest ones for today as led by

NEW DELHI: Gold and silver futures prices gained on Wednesday following the trend in the international market, as the US Federal Reserve reiterated its vow to support the economy. Federal Reserve Chair Jerome Powell in his testimony before the US Senate Banking Committee pushed back on suggestions that loose monetary policy risked unleashing inflation and

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

Mumbai: Sebi has decided to impose pre-expiry margins on cash settled commodities that are susceptible to near zero or negative pricing risk. A pre expiry margin will kick in during the last five trading days prior to expiry date, wherein the margin will increase by 5% daily, Sebi said in a circular late evening on

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

NEW DELHI: Gold and silver futures prices gained on Tuesday following the trend in the international market, thanks to a decline in dollar and bond yields. The dollar hit an over one-month low, making gold affordable for other currency holders, as investors await US Federal Reserve Chairman Jerome Powell’s testimony to Congress later in the

Dollar stays generally soft in Asian session today as markets await Fed Chair Jerome Powell’s testimony. The topics of inflation and surging treasury yields would be the focuses. For the former, Powell would likely talk down the significance of temporary rise in inflation, and focus on medium term outlook and expectations. Though, yields would be

By Devika Krishna Kumar and Laila Kearney NEW YORK: Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources

Swiss Franc was a focus in earlier European session as it suffered brief but deep selloff. Though, it somewhat found some footing quickly, even though it’s still the second weakest for today so far. Yen is underperforming again on strong major global benchmark yields. Dollar and Canadian Dollar are the next weakest even though Euro

NEW DELHI: Gold and silver futures prices gained on Monday following the trend in the international market, thanks to a decline in dollar but the gains were capped by rise in the bond yields. The dollar eased against rivals, making gold affordable for holders of other currencies. Benchmark US Treasury yields hit a near one-year

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,

Gold demand in the metros has declined by 10-15 per cent in the last fortnight compared to the previous fortnight due to volatility in the prices of the yellow metal. Prices of gold have fallen by 4.67 per cent in the last fortnight from Rs 49,000 per 10 gm to Rs 46,700 per 10 gm

Futures in New York dropped toward $59 a barrel, falling the most in three months at one point on Friday. Companies are using restored power from grids or generators to resume output that was halted by the frigid weather, according to people familiar with the matter. The timeline for a full restoration of the estimated

Stocks markets took a breather last week while focus turned to surging industrial metal prices and treasury yields. Strength in metals was seen more about supply shortage than recovery in demand. That somewhat also reinforced reflation trades. US 10-year yield was back above 1.3%, German 10-year bund yield at -0.3%, UK 10-year gilt yield at

Key events and releases for the week starting February 22 Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Fed Powell testifies. RBNZ rate decision Monday German Ifo business climate index. 4 AM ET/0 900 GMT NZD retail sales QoQ, 4:45 PM ET/2145 GMT Tuesday UK employment statistics. 2 PM ET/0700 GMT Fed Powell

By John Kemp LONDON: US petroleum consumption and inventories have returned to normal after the pandemic and volume war last year, with the significant exception of jet fuel, where demand remains suppressed by travel restrictions. Market rebalancing has been completed earlier than seemed likely a few months ago, as a result of a strong recovery

We expect the RBNZ to deliver a less dovish message in the upcoming meeting. Economic data released since the November meeting have been encouraging, with the price level and the job market on track to reach the target. These should lead to upgrades in the economic projections. Financial conditions have tightened as the yield curve