By Administrator_India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.295 by 9:40 PM ET (2:40 AM GMT). The euro also seesawed, initially rising over comments made by ECB President Christine Lagarde emphasized that the bank does not target exchange rates. But Lagarde’s comments […]
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By Administrator_India Capital Sands Economic data published on Tuesday showed U.S. manufacturing activity accelerated to a nearly two-year high in August amid a surge in new orders, with the reading from the Institute for Supply Management highest level since November 2018. Economic data published on Tuesday showed U.S. manufacturing activity accelerated to a nearly two-year […]
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By Administrator_India Capital Sands The dollar slipped to two-year lows on Friday and is on track to post its biggest monthly decline in 10 years, as investors worried that a recovery in the U.S. economy could be stymied by a second wave of coronavirus. Confidence in the U.S. currency was undermined further after U.S. President […]
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By Administrator_India Capital Sands The dollar wobbled before retreating on Wednesday morning in Asia. Investors increased their risk appetite earlier in the day after Europe and the U.S. released positive data on Tuesday. IHS Markit’s Composite Purchasing Managers’ Index for June surpassed expectations, jumping to 47.5 from the 42.4 mark predicted in forecasts prepared by Investing.com. […]
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By Administrator_India Capital Sands The dollar nursed losses on Tuesday, after the U.S. Federal Reserve announced it would begin broad buying of corporate debt, boosting investor sentiment and appetite for riskier currencies. The Fed said it will start purchasing a diversified range of investment grade U.S. corporate bonds on Tuesday in a bid to secure […]
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