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dollar index

Rupee closes at record low of 84.0725 against US dollar on outflows, strong dollar index

by Mark McDuffie
Rupee closes at record low of 84.0725 against US dollar on outflows, strong dollar index

The Indian rupee closed at a record low of 84.0725 against the US dollar on Monday, pressured by outflows from local equities and debt and a stronger dollar index. However, …

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Atul Suri bets on IT, pharma and FMCG for next six months

by Mark McDuffie
Atul Suri bets on IT, pharma and FMCG for next six months

“I feel that there is tremendous amount of interest outside the banking space and that is again very important because the market is broadening, the sectors are broadening, the themes …

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gold prices: Fed rate cuts, their impact on gold prices, and key levels to monitor this week

by Mark McDuffie
gold prices: Fed rate cuts, their impact on gold prices, and key levels to monitor this week

What happened to gold and silver last week? What’s the outlook for these commodities this week? And how might the Fed’s actions impact gold in the near future? ET Markets …

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Gold’s appeal as haven rises in a tumultuous week as US economic concerns weigh on Street

by Mark McDuffie
Gold’s appeal as haven rises in a tumultuous week as US economic concerns weigh on Street

Spot gold closed with a loss of 0.23% at $2440 on Friday. However, the metal was up 2.30% on the week, a data and event packed week, as the US …

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Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying

by Mark McDuffie
Gold tumbles on solid US nonfarm payroll report, China slowing down gold buying

Buoyed by rate cut expectations after the Bank of Canada and the European Central Bank (ECB) cut rates earlier this week, spot gold rose to $2,387 on Friday, the highest …

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Gold likely to remain range-bound next week

by Mark McDuffie
Gold likely to remain range-bound next week

Spot gold snapped its nine-day long losing streak to settle with a gain of 0.69% at $1,833 on Friday. US employers added 336k jobs versus the forecast of 170k jobs …

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dollar today: Dollar hits 6-month high after data, ECB announcement

by Mark McDuffie
dollar today: Dollar hits 6-month high after data, ECB announcement

NEW YORK – The dollar index hit its highest level in six months on Thursday, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled …

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