MUMBAI (Reuters) – The Indian rupee is likely to rally at open on Friday, lifted by the dollar’s slump likely triggered by investors exiting from U.S. assets amid mounting U.S. and China trade frictions. The 1-month non-deliverable forward indicated that the rupee will open at 86.18 to 86.20 against the U.S. dollar compared with 86.6875…
Dave Portnoy, the outspoken founder of Barstool Sports, posted a simple question on X last week that hit a nerve in the crypto world: “If the point of Bitcoin is to be independent of the U.S. Dollar and nonregulated, why does it basically trade exactly like the U.S. stock market nowadays?” Don’t Miss: That one…
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the…
CBOE Global Markets’ Mandy Xu warns the stock market is underpricing tariff risks — even after Monday’s sharp sell-off. Xu contends the bond market has been more sensitive to economic uncertainty than stocks over the past few months. But now, that gap may be starting to close. “There’s scope for it [volatility] to go even…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Donald Trump’s imminent return to the White House is putting a spotlight on the U.S. dollar, which could have far-reaching implications for everything from domestic manufacturers to emerging markets if the currency’s rally continues. The U.S. currency notched its biggest one-day gain against its peers in eight…
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. Iryna Ustenko | Istock | Getty Images The dollar rose to a one-month high versus the yen on Thursday as…
An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. Bloomberg | Bloomberg | Getty Images The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against…
A picture taken on December 7, 2021 in Istanbul shows U.S. dollars banknotes. Ozan Kose | Afp | Getty Images The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate…