Currencies
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.07 per cent to 90.13. The dollar scraped itself off a four-month low to hover around $1.2183 per euro.The dollar also rose through its 20-day moving average against the yen, Aussie and kiwi. At the same time, anticipated dollar inflows and improving India pandemic situation could cap the depreciation bias, Reliance Securities said in a research note.
Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. Choppy local equities, weak Asian currencies and a stronger dollar will weigh on the local unit. “The US dollar index was marginally weaker this Thursday morning in Asian trade.
Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. Choppy local equities, weak Asian currencies and a stronger dollar will weigh on the local unit. “The US dollar index was marginally weaker this Thursday morning in Asian trade.
Metals
Like gold, it might be able to hold its value, impervious to the actions of governments.The problem is that governmental fiat can destroy currencies as well as create them.
Oil
Global oil benchmark Brent crude futures rose 0.24 per cent to $66.82 per barrel.
United States
In Bridget Jones terms, if Fed governors were to be asked directly if they were flirting with a taper, they would blush, look downwards, and deny all interest. His views have been quoted in Barron’s, the Wall Street Journal, on CNN and now on his own ingerletter.com web site.
Europe
It s a joint endeavor by 12 eastern EU members to update the physical and digital links between the Baltic, Adriatic and Black Seas.
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