Mumbai, Nov 5 (PTI) The rupee settled on a flat note at 94.46 (provisional) against the US dollar on Thursday, as the support from lower crude oil prices was negated by a firm greenback in overseas markets. Forex traders said the Indian…
Longtime favourite Bali tops the list, and Taiwan is the surprise runner-up. The welcome news is that the Aussie dollar is stronger than it was a year ago in all 10 markets, but with jet fuel about twice last year's price,…
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Focus Taiwan U.S. dollar closes higher on Taipei forex market Taipei, Nov. 5 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.055 to close at NT$32.876. Turnover totaled US$3.656 billion during the trading session. The greenback opened at the day's…
The Indian rupee strengthened against the US dollar on Thursday, November 5, opening at 94.35 per dollar against Wednesday's close of 94.64. It subsequently strengthened further to touch a 15-day high of 94.33 per dollar, supported by falling crude oil prices and FPI inflows…
Gold price continues to rally on Thursday and gained over 2% after the strong surge on Wednesday. The strong drop in the US dollar index and US Treasury yields continues to support the rally in gold. This surge in the gold…
Ukrainian corn export prices have broken below $200/t amid Black Sea shipping risks and costly Danube/Constanta routes, pressuring farmers and reshaping trade. Ukrainian corn export prices have dropped below $200/t for the first time in two years, signaling acute…
Gold is acting weird. It sold off steeply Friday, despite falling bond yields and a modestly weaker dollar. Paradoxically, the mainstream continues to blame weakness in the gold market on inflation worries. So, investors are dumping their inflation hedge. As…
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually,…
ING strategists Warren Patterson and Ewa Manthey note that Gold has jumped back above $4,000/oz after the Democratic sweep in the US midterms, helped by lower Treasury yields, a weaker Dollar and strong central bank buying. They caution that near-term…
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