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YEN CURRENCY FORECAST 2023
India, UAE step up efforts to expand rupee-dirham tradeOver 15% of India-UAE trade has been invoiced in local currencies since the rupee-dirham mechanism launched nearly three years ago. Both na...
Japan's Nikkei hits 70,000 for the first time after BOJ rate hikeJapan's Nikkei stock index reached an all-time high today. This surge followed the Bank of Japan's widely anticipated interest rate hike. T...
Dollar sways near 10-day lows as attention turns to BOJ and RBAA preliminary deal to end the Middle East war boosted global risk appetite, sending oil prices down and the U.S. dollar near 10-day lows. I...
Rupee hits five-week high after oil plunges; traders eye further rallyThe Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve ...
Dollar hits 10-day low as US, Iran reach peace dealThe US dollar weakened significantly on Monday. This happened after news of a peace deal between the United States and Iran emerged. Oil pr...
Global markets: Stocks rise as SpaceX makes market debut; oil slides on Gulf peace hopesGlobal equities rose Friday, led by a surge in SpaceX's market debut, which pushed its valuation past $2 trillion. Wall Street ended higher...
Dollar steadies on ceasefire prospects, PPI eases pressure on FedThe dollar strengthened Friday after President Trump's decision to cancel planned attacks on Iran, suggesting a potential ceasefire deal. T...
ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...
Dollar shaky as investors weigh rate outlook, Middle East worriesU.S. dollar weakened amid new Middle East strikes and rising consumer inflation, causing investor unease about the Federal Reserve's policy...
FOREX-Dollar steadies following US strikes on Iran and ahead of inflation dataThe dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await...
BOJ to consider pausing bond taper next fiscal year, sources sayThe Bank of Japan is reportedly leaning towards pausing its bond purchase taper beyond next fiscal year, a move that would mark a significa...
Analysts see RBI measures steadying rupee, push back depreciation forecastsThe Indian rupee strengthened as falling crude oil prices and central bank measures to attract dollar inflows bolstered sentiment. Analysts...
Global markets: Japan's Nikkei slumps, yen trades above 160 level on tech, Gulf concernsJapan's Nikkei share average experienced its biggest drop in three months. The yen also weakened significantly against the dollar. Concerns...
U.S. Stock Market prediction for Monday: Nasdaq, S&P 500, Dow Jones crash to continue in Wall Street? These factors will determineU.S Stock Market on Monday: Magnificent Seven stocks which includes AI players Nvidia, Google-parent Alphabet and Meta will be under scanne...
Dollar climbs to two-month peak as Fed hike bets ramp upThe dollar surged to a two-month high following a robust U.S. jobs report, intensifying expectations for a Federal Reserve rate hike this y...
Global Market: Japan warns against excessive currency volatility as Yen nears key thresholdJapan signals readiness to step into currency markets if the yen weakens further. The currency is nearing a critical 160 per dollar mark. T...
Yen hits key 160 level for third session, dollar buoyed by Gulf woesThe Japanese yen is nearing a critical 160 per dollar level, prompting warnings of decisive action from Tokyo. Meanwhile, the U.S. dollar i...