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Forex News

Indian rupee retreats from 11-month high on central bank intervention

MUMBAI: The Indian rupee strengthened to an 11-month high on Monday, gaining for a fourth consecutive session as strong foreign inflows led domestic equities to record closing highs after the election of a new government to be led by Narendra Modi.

Dollar tumbles to 3-1/2-month low vs yen as yields fall

NEW YORK: The dollar fell to its lowest in more than three months against the yen on Monday, pressured by a drop in US Treasury yields that may be due to persistent uncertainty about US economic growth prospects. Mixed economic data and a generally

Yen breaches key level, hints at breakout higher

(Reuters) - The dollar slid to its weakest against the yen in more than three months on Monday as expectations of higher U.S. interest rates faded. The pound faced pressure from signs a major merger will fail. The yen's break past 101.20 yen per dollar

Dollar under pressure in Asia after mixed data

TOKYO: The dollar came under pressure in Asia Monday following mixed US data and simmering geopolitical concerns, while the Indian rupee sat near one-year highs after the pro-business opposition won the country's general election. In midday Tokyo

Rupee Seen Extending World’s Best Gain on Modi Win: India Credit

Aberdeen Asset Management Plc, Mirae Asset Management Co. and Nomura Holdings Inc. predict the rupee will extend a world-beating rally as India’s clearest election verdict in three decades boosts confidence. Narendra Modi’s Bharatiya Janata Party got 282

Euro rises vs. dollar

NEW YORK: The euro rose against the dollar Wednesday after lackluster data in the eurozone added to speculation the European Central Bank will loosen monetary policy next month. The eurozone's industrial output declined in March, while German and French

Venezuela's Polar finds temporary solution to currency hurdle

(Reuters) - Venezuela's largest private company Empresas Polar said on Saturday it was re-starting production of pasta halted over delays in foreign currency allocations from the government. Polar's suspension of its pasta plant in central Maracaibo city

Dollar gains on ECB stimulus, stocks dip

NEW YORK: The US dollar strengthened against the euro and Japanese yen yesterday after the European Central Bank signalled it could deliver fresh monetary stimulus next month, while global equity markets eased after hitting record peaks this week.

Dollar gains as Yellen says US economy strengthening

NEW YORK: The dollar edged higher against the euro Wednesday after Federal Reserve Chair Janet Yellen said that the US economy was strengthening and the stimulus taper will continue steadily. But the move upward against the euro and yen was tempered by

Dollar slightly lower vs euro in light trade

NEW YORK: The dollar drifted slightly lower against the euro while the yen gained in light trade Monday after disappointing Chinese manufacturing data renewed concerns about the ongoing slowdown in China. British bank HSBC's index on China's

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