The yen and other safe-haven currencies were in demand on Monday. The yen, regarded as a haven in times of market turmoil by virtue of Japan’s status as the world’s biggest creditor,
World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in US economic growth and weak earnings in Europe fanned fears
Yen and bond bulls charged on Monday while stocks struggled again, amid ongoing worries that a prolonged US-China trade war and damaging Brexit could tip top economies into recession.
The Indian rupee has breached the 74 per dollar mark and experts feel that with continued global economic concerns and possibilities of further plunge in financial and oil markets, it may continue to witness volatility in the coming days.
Commodity currencies slipped against their safe-haven rivals such as the dollar and yen on Monday as a record output cut, agreed by OPEC and other oil producing nations, failed to offset broader concerns about slumping global demand.
In a bid to ease the US dollar requirements of open market, the Reserve Bank of India (RBI) decided to conduct a six-month swaps worth $2 billion to provide liquidity to the foreign exchange market (forex).
The Indian rupee touched a record low against the dollar on Thursday, trading at over Rs 75 per dollar against its previous close of Rs74.26 a dollar. The rupee on Thursday breached the 75-mark against the US dollar
Gold struck a seven-year pinnacle above $1,700 an ounce on Tuesday as massive Fed stimulus floods markets with dollars, weakening the greenback and sending investors running to the precious metal, analysts said.
Gold prices fell in muted trade on Monday as the dollar strengthened and share markets rose, though lingering tensions between the United States and China limited losses.