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Tags : "dollar"

Every day-trader dollar is worth five in a new theory

Day traders claiming bragging rights for this year’s $9 trillion U.S. equity rebound can find some supporting evidence in the latest research. Even as retail trading has grown to represent 20% of daily volume, Wall Street has struggled to figure out how much this modest-sized contingent actually influences prices. After all, the market is teeming […]Read More

Rupee rise 6 paise to 73.52 against US dollar in

The rupee traded nearly 6 paise higher at 73.52 against the US dollar in early trade on Wednesday tracking gains in the domestic equity market. The local currency, however, opened flat at 73.58 against the greenback. The domestic unit on Tuesday depreciated 20 paise due to forex outflows and a stronger greenback in the global […]Read More

What’s behind rupee’s stellar rally against dollar? No, it’s not

MUMBAI: The rupee strengthened Monday to levels last seen before India enforced one of the world’s most comprehensive lockdowns early summer, but the central bank surprisingly didn’t step in to prevent the local unit’s climb on a day that reportedly saw lumpy dollar inflows. The rupee gained 0.70% to close at 74.32/$, its strongest level […]Read More

Fed to cut one-week dollar swap operations with major central

FRANKFURT: The US Federal Reserve will cut the number of seven-day swap operations with major central banks to one tender per week from three from Sept. 1 as funding conditions have improved, the European Central Bank said in a statement on Thursday. The Fed will, however, maintain its schedule for 84-day tenders with the Bank […]Read More

RBI’s June dollar purchases hit 4-year high

Mumbai: The Reserve Bank of India’s US dollar purchases in June was at a four-year high for any month. Economists said the central bank is building a war chest of reserves to prevent any adverse impact on the rupee amid the Covid-19 crisis. The central bank bought $14.8 billion from the spot currency market in […]Read More

Rupee slips 5 paise to 74.82 against dollar

The rupee on Wednesday inched lower by 5 paise to 74.82 against the US dollar in Wednesday’s morning trade tracking some weakness in the domestic equity market and strengthening dollar index. However, the local currency opened almost flat at 74.77 against the previous close of 74.78 per dollar. On the domestic front, volatility for the […]Read More

Rupee opens 2 paise down at 74.95 against dollar

The rupee on Monday opened 2 paise down at 74.95 against the US dollar due to some buying in American currency by banks and importers. The US dollar rose against its major crosses despite US employment growing at a slower pace considerably in July amid a resurgence in new Covid-19 infections. Nonfarm payrolls increased by […]Read More

Brave New World: Is huge shorting of dollar a reversal

Ritesh Jain Independent Market Expert, Mumbai He is a trend watcher, Global Macro investor and Blogger at He has over 20 years of experience in financial markets, bonds, equities, gold, and derivatives. He muses about global macro investment opportunities, economics, business, and financial issues. var objSec = {template: 'articleshow_main', msid:'77430066', secNames: ['markets','stocks','news'],secIds:['2147477890','1977021501','2146842','2146843']}; var tmplName […]Read More

Ottawa keeps lid on company names, dollar amounts in some

The federal Liberals have given companies more than $5.8 billion in pandemic-related contracts for personal protective gear and medical supplies. The latest figures provided by the government also show that about two-fifths of the total contracts awarded as of July 16 have gone to domestic suppliers, some of them having retooled operations to provide needed […]Read More