Investing in Currencies

Investing.com - The U.S. dollar steadied near two-week highs in early European trade Wednesday ahead of the release of the minutes of the Federal Reserve’s December meeting. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.959, after surging just under 1% on Tuesday, which marked its best daily performance since March 2023. Dollar gains on risk aversion The dollar has made something of a comeback at the start of the new year, helped by a...

Investing.com-- Gold prices fell in Asian trade on Wednesday, relinquishing a measure of recent gains as the dollar rebounded amid some uncertainty over the timing of the Federal Reserve’s interest rate cuts in 2024.  The yellow metal saw a strong run-up in the final few trading days of 2023, amid growing optimism that the Fed will begin cutting rates by as soon as March 2024. Spot gold was still trading within $100 of a record high hit at the beginning of December.  But markets appeared to be seeking more affirmation...

The Indian Rupee faces challenges amidst a robust U.S. dollar rally triggered by tempered expectations of Federal Reserve rate cuts. Despite initial pressure, the Rupee emerges as a reliable asset in Asian markets during risk-off scenarios, as indicated by non-deliverable forwards. India's economic outlook remains optimistic, with the Finance Ministry projecting surpassing growth estimates and steady consumption demand. The Reserve Bank of India's active interventions maintain stability, while technical indicators suggest potential upside for the pair.Broad Rally on the U.S. Dollar: The U.S. dollar experienced a broad rally due to...