Depending on whether you listen to Morgan Stanley or JPMorgan Chase & Co., the imposition of martial law in Thailand will either send the baht tumbling to levels last seen in 2006 or put an end to its losses. Morgan Stanley yesterday reiterated its
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.
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
(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
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
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
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
(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
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.
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