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Indian rupee today surges to over 2-month high against US dollar

The Indian rupee today surged against the US dollar amid broad weakness in the greenback and a rally in domestic equity markets. The rupee rose to two-month high of 73.37 per US dollar in early trade as compared to previous close of 73.69. Most Asian emerging currencies firmed modestly today, as the dollar nursed losses after US Federal Reserve Chairman Jerome Powell on Friday indicated that the central bank would be cautious in winding back monetary policy. On Friday, the…

If there was any doubt that Federal Reserve Chairman Jerome Powell’s comments, delivered virtually at the Jackson Hole symposium on Friday, were being interpreted as dovish, the dollar’s reaction should clear up any questions. The U.S. greenback, as gauged by the ICE U.S. Dollar Index DXY, -0.41%, turned decidedly lower, and was down 0.4%, at last check on Friday, and was down 0.9% for the week, FactSet data show. A weekly slide of 0.9% would represent the sharpest decline for…

The US Dollar Remains the Dominant Safe Haven, Even When It’s Overvalued – Bloomberg

The US Dollar Remains the Dominant Safe Haven, Even When It’s Overvalued  Bloomberg Gold futures settle back above $1800 as U.S. dollar retreats  MarketWatch Gold Price (XAU/USD) Riding the Wave of US Dollar Weakness  DailyFX Where Is The U.S. Dollar Going: Follow The Jackson Hole Meeting This Week  Seeking Alpha US Dollar On Top: All Eyes On Jackson Hole  FXStreet View Full Coverage on Google News…

Gold futures settle back above $1,800 as U.S. dollar retreats

Gold futures settled higher on Monday, supported partly by weakness in the U.S. dollar, leading prices back above a key market above $1,800 for the first time in over two weeks. “A significant reversal in the dollar and broad-based risk on psychology has lifted gold and the rest of the metals complex off fundamental reasons to start the new trading week,” analysts at Zaner metals wrote in Monday’s market update. “Others are suggesting that the ongoing surge in the delta…

U.S. dollar dips from 4-1/2-month high after Fed minutes, last flat on the day

Fed minutes show no decision made on bond taper U.S. housing starts fall, weighs on dollar NEW YORK, Aug 18 (Reuters) – The dollar slipped from 4-1/2-month highs to trade little changed on Wednesday after minutes of last month’s Federal Reserve meeting suggested there was no consensus about the timing of a tapering of its asset purchases under the U.S. central bank’s quantitative easing program. A reduction in debt purchases is typically positive for the dollar as it means the…

U.S. dollar, yen rise after soft China data, amid Afghan unrest

A security guard walks past a montage of old U.S. dollar bills outside a currency exchange in Kenya’s capital Nairobi July 23, 2015. REUTERS/Thomas Mukoya/File Photo Aussie, Kiwi, Canadian dollars fall vs greenback FX market volatility nearing 2021 lows Fed minutes this week key for dollar outlook Graphic: World FX rates https://tmsnrt.rs/2RBWI5E NEW YORK, Aug 16 (Reuters) – The dollar rose on Monday against commodity currencies such as the Australian, New Zealand and Canadian dollars, while the safe-haven yen gained…