INR News and Press, Market Vectors Indian Rupee/USD ETN From 08/25/22

Summary It seems that many market participants had the same thing in mind, cut dollar longs before the Jackson Hole gathering. Responding to a string of data which suggests that the Chinese economy may struggle to grow by even 3% this year, the State Council announced 19 measures ...

The sell-off in European bonds continues today. The 10-year German Bund yield is around four basis points higher to bring three-day increase to about 22 bp. The euro briefly popped a little above $1.02 on what was initially seen as dovish FOMC minutes in the North American afternoon y...

Strong gains in US equities yesterday and easing fears following Pelosi’s visit to Taiwan helped lift most Asia Pacific equities, with Hong Kong leading the way with a 2% rally. Unlike the Federal Reserve, for example, the BOE is likely to shrink its balance sheet through outri...

Europe took centre stage last week as leaders waited nervously to see if gas would start flowing through Nord Stream 1 again following scheduled maintenance. Next week the focus switches back to the US which has a big interest rate decision of its own and a number of major earnings re...

News regarding German investors’ confidence is plunging spurred euro sales that pushed the euro to parity for the first time since December 2002. The Indian rupee has been trading at record lows against the U.S. dollar in recent days, and like the Chinese yuan, is not fully con...

It will be a busy week for Fed speak as Williams talks about LIBOR on Monday, Barkin discusses recession on Tuesday, Waller speaks on Thursday and Bostic talks on Friday. Energy traders will have a lot to keep their eye on next week as President Biden makes a trip to the Middle East a...

The dollar jumped yesterday making new highs against most of the major currencies, including the euro, sterling, the dollar bloc and the Scandis. The yen and Swiss franc held in better, but the greenback still closed firmly against the yen despite a six-basis point decline in the 10-y...

Recessions have gone from being a potential consequence of high inflation and rapid monetary tightening to an increasingly likely scenario. A wrath of economic indicators are expected to confirm the trend of weakening business activity. The gas stand-off with Russia isn’t e...

Yesterday’s strong US equity gains failed to carry over into today’s session. After a quiet local session yesterday, the dollar went bid against the yen in the European morning and accelerated to JPY136.70 into the North American close. The surge in US equities helpe...

It’s been a slow start to the month in financial markets but the ECB rate decision on Thursday finally got things moving and the US inflation data on Friday kept it going into the weekend. The Fed rate decision on Wednesday is naturally the highlight, as traders look for furthe...