US EditionCurrency Markets React to Middle East Ceasefire & Fed Speculations
21 Articles
21 Articles
Rupee falls 3 paise to close at 86.08 against US dollar
Mumbai: The rupee gave up its gains and settled for the day lower by 3 paise at 86.08 against the US dollar on Wednesday, weighed down by the recovery in the US Dollar index and selling pressure from foreign funds. Forex traders said the ceasefire between Israel and Iran has led to a rise in risk appetite. Moreover, a strong show in the domestic equity market prevented steep losses in the local unit, they said. At the interbank foreign exchange,…
David Miazzo, an economist and founder of Data Miazzo, analyzed market reactions following the announcement of the ceasefire between Iran and Israel promoted by Donald Trump. At CNN Primero Mañana, he said that “the markets wanted to return to normality” and among the first effects, he highlighted a “very significant drop in the price of oil” and the positive momentum in the stock market indexes. He remarked that “The Middle East is always a mes…
Currency Markets React to Middle East Ceasefire & Fed Speculations
The U.S. dollar depreciated while the Australian and New Zealand dollars appreciated following a ceasefire announcement between Israel and Iran by President Trump, igniting a risk rally in markets. Concurrently, comments from Fed officials suggest possible interest rate cuts, adding pressure on the dollar.
The dollar recorded a sharp fall in the start of today's operations Tuesday, in a session marked by the ceasefire between Israel and Iran, but also pending whether both sides will comply with the agreement mediated by Donald Trump. At the close of this edition, the exchange rate is installed at $936,65, which represents a decrease of $10.10 in relation to the closing of the previous day. Thus, the currency scored its biggest daily fall since May…
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