Resurrection Of Us Dollar

Trump advisers discuss penalties for nations that move away from dollar

As president, Trump weighed forcibly weakening the dollar to support the domestic manufacturing sector

Rupee depreciates 11 paise to 82.97 against US dollar in early trade

The rupee reversed its nine-day upward movement and depreciated 11 paise to 82.97 against the US dollar in early trade on Tuesday, tracking a strong American currency against major overseas rivals and subdued equity market sentiment. Some inflow of foreign funds supported the Indian currency which was weighed down due to volatile crude oil prices, forex traders said. At the interbank foreign exchange, the domestic currency opened weak at 82.95 and slipped further to 82.97 against the greenback in initial trade, registering a loss of 11 paise from its previous close. On Monday, the rupee settled with a gain of 9 paise at 82.86 against the US dollar. This was ninth consecutive day of gain for the Indian currency. In the last nine trading sessions, the local unit added 46 paise since the level of 83.32 against the dollar recorded on January 2. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.31 per cent higher at 102

Rupee appreciates 25 paise to 82.47 against US dollar amid foreign inflows

The rupee registered the highest single-day gain in nearly two months and surged by 25 paise to 82.47 against the US dollar in early trade on Thursday amid a weakening dollar, foreign funds inflows and positive equity markets. According to reports, the rupee's sharp gain of 52 paise in the past two sessions was attributed to Reserve Bank of India's move to prevent banks from indulging in short-term trading in offshore currency markets. Forex traders said selling pressure in the greenback and retreating crude oil prices also boosted the Indian currency even as investors traded cautiously ahead of the BRICS summit and US Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium during August 24-26. At the interbank foreign exchange, the domestic unit opened strong at 82.55 and touched the peak of 82.36 against the American currency. It later traded at 82.47, registering a rise of 25 paise over its previous close. On Wednesday, the rupee had appreciated by 27 paise to clo

Oil slides as US crude drawdown faces Covid-19 surge, firmer dollar

Oil prices dipped slightly on Wednesday after four straight days of declines, as investors remain worried about the outlook for fuel demand

The resurrection of the US dollar

It's too early to predict if this is the beginning of a dollar rally. But markets cannot afford to ignore the nascent strength