Tag Archives: dollar

Rupee good run continues, gains 4 paise against dollar

The rupee’s good run continued into the 8th straight session today as it firmed up by another 4 paise in early trade to 67.33 against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows. Forex dealers said the weakness in the greenback against other currencies overseas and a higher opening… Read More »

Dollar dips from two-week high, stocks in the red

The dollar fell on Wednesday, succumbing to a bout of profit-taking after hitting a two-week high the previous day, while European stocks also put a positive start to the week behind them to trade in the red. Weak corporate earnings weighed on stocks, as Germany’s DAX .GDAXI snapped a four-day winning streak and the broader FTSEuroFirst 300 index… Read More »

Zimbabwe to print own version of US dollar

Zimbabwe is set to print its own version of the US dollar in order to ease a cash shortage in the country. Central bank governor John Mangudya said the cash, known as bond notes, will be backed by $200m (£140m) support from the Africa Export-Import Bank. The specially-designed two, five, 10 and 20 dollar notes will have the… Read More »

Spot gold hits 1-week low as dollar gains dampen safe-haven trade

Spot gold hit its lowest in a week on Wednesday, with the impact of a stronger dollar outweighing a slight swell in the metal’s safe-haven appeal after attacks on an airport and a rush-hour metro train in Brussels. Overnight news of the attacks in Belgium, and hawkish comments from another U.S. Federal Reserve official have underpinned the U.S.… Read More »