Page 7 - S Dollar News Today

The USD continues to show signs of volatility against the yen, but more importantly – strength. Although we have seen some central bank actions, at the same time – interest rate differential continues to be important.

Says issue discussed at ASEAN+3 finance ministers meeting and central bank governors conference

Forex traders said a weak trend in domestic equities also dented investor sentiments.

Wealthy business magnate Elon Musk is sounding the alarm about America's massive national debt, warning that unless action is taken to tackle the problem, the U.S. dollar will become worthless.

The Bank of Japan may have intervened in this pair, but at the end of the day, there is very little they can do to change the trend, only being able to slow it down.

Sensex Today: The fall was seen even as recent corporate earnings were good and GDP growth figures were healthy. The decline in dollar index to 105.30, correction in the US 10-year bond yield to 4.5 per cent and  fall in Brent crude below $84  a barrel level were all positive.

Forex traders said positive sentiment in the domestic equity markets and the inflow of foreign capital capped a sharp fall in the domestic currency

Analysts say China’s central bank, with an eye on the yuan’s stability, could let it weaken gradually, but such a move ‘could backfire to some degree’.

Out with the Zimbabwe dollar, in with the ZiG. Zimbabwe on Tuesday started circulating a new currency to replace one that has been battered by depreciation and often outright rejection by the people.

Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.