archiveU.S. dollar

MUMBAI (Reuters) -The Indian rupee is expected to open weaker on Friday and trade with a modest depreciation bias amid a dip in its regional peers and lingering pressure from portfolio outflows as investors gird for an upcoming news-heavy week. The 1-month non-deliverable forward indicated the rupee will open around 86.48-86.50 versus the U.S. dollar, compared with 86.4050 in the previous session. Asian currencies were down between 0.1% and 0.3%, while the dollar index ticked up to 97.5, as investors braced for U.S. President Donald Trump's tariff deadline, a Federal...

Driven primarily by investors seeking safe havens amid an increasingly uncertain global economy, gold prices have been on a tear recently, reaching an all-time high of approximately $3,500 per ounce in April 2025. Chinese demand has been a critical force propelling gold’s performance. Chinese retail investors have flooded into gold ETFs and set records for billions of purchases; the People’s Bank of China (PBOC) restarted gold purchases after Donald Trump’s reelection and his intensification of the China-U.S. trade conflict.  China’s demand for gold as the global trade system undergoes fundamental...