The US dollar fell to a three-month low ahead of the release of the US inflation report, which could confirm suspicions that the Federal Reserve is close to terminating its rate-hike campaign. Date: July 12, 2023 Place- New Delhi, India Dollar Index Plummets, Echoes of a Faltering Tightening Campaign On Wednesday, The Bloomberg Dollar Spot…
In recent news, the stock market in Asia experienced positive growth after the Reserve Bank of Australia (RBA) decided to keep interest rates steady. This move by the central bank alleviated concerns among investors about the potential tightening of monetary policies. Let’s look deeper into the details and explore the impact of this decision on…
The Federal Reserve’s policy meeting minutes from March revealed that officials are worried about the financial crisis and the high inflation, which led to a decline in US markets on Wednesday. At 4,092.28, the S&P 500 fell by 0.40 percent. At 33,652.63, the Dow Jones Industrial Average decreased by 0.10%. At 11,931.13, the Nasdaq Composite…
Benchmark indices saw a drop in early trade on Thursday following an eight-day surge on negative trends in the US equities markets brought on by new recession fears.The benchmark indices had a negative trend in the morning trade as a result of IT counter losses.In early trading, the 30-share BSE Sensex dropped 164.66 points to…
In early trade on Thursday, the rupee strengthened 18 paise to 81.93 against the US dollar, following the American currency’s widespread decline in the global market.Foreign capital inflows, according to forex merchants, also strengthen the local currency.The native currency at the interbank foreign exchange started out at 81.99 against the dollar before rising to 81.93,…
Global markets today: On Tuesday, a measure of global stocks went up and bond yields went up just a little bit. This is because traders think that interest rates will soon reach their highest point, and the market is betting that the US Federal Reserve will tighten monetary policy even more in May to stop…
As investors wait for the US inflation statistics to be revealed on Wednesday in order to determine the near-term direction for interest rates, US stocks reversed losses and ended the day with a mixed performance. The anticipation that the US Federal Reserve would raise interest rates in May has increased as a result of the…
The Indian stock market fell for the third week in a row because of high volatility and a lot of selling after the government raised the securities transaction tax (STT) on futures and options contracts and made other changes in the Finance Bill 2023. At the end of the day, the Nifty 50 index was…
