Investing in Currencies

prices experienced a marginal decline of -0.05%, settling at 75386, primarily driven by profit booking. The market had earlier witnessed an upward trend due to a weakened dollar and lower yields, fueled by expectations of the Federal Reserve initiating a rate-cutting cycle in March. The latest US data reinforced the belief in the Fed's potential rate-cutting strategy, as both headline and core PCE price indices for November fell below estimates. The US inflation data suggested a gradual convergence toward the Fed's target, with year-ahead inflation expectations reaching a near three-year...

By Florence Tan SINGAPORE (Reuters) - Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. futures fell 26 cents, or 0.3%, to $79.13 a barrel by 0115 GMT while U.S. West Texas Intermediate crude was at $73.59 a barrel, up 3 cents. Trade is thin as some markets are still closed for the Boxing Day public holiday. Both benchmarks notched gains of about...

By Caroline Valetkevitch NEW YORK (Reuters) -Global stock markets rose while the U.S. dollar hit a near five-month low on Friday after data showed that annual U.S. inflation slowed further below 3% in November, supporting the view that the Federal Reserve could cut borrowing costs next year. The Commerce Department report also showed U.S. prices fell in November for the first in more than 3-1/2 years. The data is the last major release this year, and many investors are expected to be away between Monday's Christmas Day holiday and New...

Mumbai, Dec 22 (IANS) India's foreign exchange reserves increased for the fifth week in a row to scale a 20-month high of $615.97 billion as of December 15, a data released by the RBI on Friday showed.The country's foreign exchange reserves jumped by $9.11 billion for the week ending December 15 after having increased by $2.82 billion to $606.86 billion for the week ending on December 8.In the week ended December 1, the foreign exchange reserves had shot up by $6.1 billion to touch an over four-month high of $604.04...