The Latest Breaking News from US Dollar

Cotton Posting Midday Gain on Thursday

Cotton futures are getting spillover strength on Thursday, as WTI crude tops $100, with cotton contracts up 66 to 95 points at midday. Crude oil is rallying $5.29 per barrel higher on the session, with the US dollar index up 190 points. Export Sales data is delayed to Friday due...

Barchart · Sep 10

FCNR(B) inflows can boost bank lending, support festive demand: Former Standard Chartered Bank MD Sanjeev Mehta

Foreign Currency Non-Resident Bank deposits are significantly enhancing banking liquidity, providing an essential boost for lending opportunities. This heightened liquidity is expected to meet the anticipated consumer demand during the festive season. To avoid financial losses from idle deposits, banks must judiciously allocate these funds. Additionally, this surge in inflows…

The Economic Times · Sep 10

Cotton Extending Bounce to Thursday Morning

Cotton price action is trading with 69 to 106 point gains early on Thursday. Futures posted Wednesday gains of 5 to 109 points across most contracts at the close. Crude oil was $3.64 per barrel higher on the session, with the US dollar index holding steady on the day. Weekly...

Barchart · Sep 10

Rupee plunges 34 paise to 95.08 against dollar as crude prices surpass USD 100 mark

The rupee fell by 34 paise, settling at 95.08 against the US dollar, amid rising crude oil prices that have breached USD 100 per barrel, raising inflation fears. The depreciation was fueled by sluggish equity markets and foreign institutional investor sell-offs. Additionally, escalating tensions in West Asia contributed to Brent…

The Economic Times · Sep 9

China's exports in August rise 25% on car and chip fillip

China's exports expanded 25% year-on-year in August in US dollar terms, matching forecast and accelerating from the 23.9% growth in the previous month, customs data showed on Tuesday. Imports soared 28.2%, compared with a 27.5% year-on-year increase in July and a forecast of a 30% rise.

The Economic Times · Sep 8

Hindustan Copper shares jump 4% as copper prices surge to all-time high. What’s driving the red metal’s red hot rally?

Hindustan Copper shares jumped over 4% as copper prices hit record highs amid supply concerns and a weaker US dollar. LME copper touched $14,533 per tonne, while MCX futures neared lifetime highs. Hindustan Copper, India’s only integrated copper producer with captive mines, has gained over 115% in the past year.

The Economic Times · Sep 8

Gold prices rise for 2nd day, silver up Rs 3,500/kg on soft dollar ahead of inflation data

Gold and silver traded higher internationally as the US dollar weakened, while MCX prices were mixed, with silver gaining and gold declining. Investors awaited US inflation data for clues about the Federal Reserve’s next policy move amid geopolitical tensions.

The Economic Times · Sep 8

US dollar reserve shift may be less widespread than headline figures suggest, NY Fed study finds

The dollar’s share of global reserves has fallen, but a New York Fed study says the decline is concentrated among a few countries. Reserve shifts largely reflect individual needs, challenging claims of broad global dollar diversification.

The Economic Times · Sep 7

Rupee rises 2 paise to close at 94.49 against US dollar

The Indian rupee has risen by two paise, closing at 94.49 against the US dollar, buoyed by positive foreign investments and an increased appetite for risk. However, the rising prices of crude oil and ongoing US-Iran tensions may hinder further appreciation. With this, the rupee has marked six sessions of…

The Economic Times · Sep 4

Rupee rises 14 paise to close at 94.59 against US dollar

Thursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against the US dollar. This positive shift was largely due to substantial inflows from foreign currency deposits, with a remarkable total of USD 127.23 billion raised through enhanced central bank…

The Economic Times · Sep 3