The euro has kicked off the week with a slide towards $1.1050, close to its closing levels on Friday. Fears of US tariffs against the EU and the fallout from the attack on Saudi oil installations weigh.
Meanwhile, the latest escalation in geopolitical tensions in the Middle East, following an attack on Saudi Arabian refining facilities over the weekend, further benefitted the greenback's relative safe-haven status against its European counterpart and led to a subdued/range-bound price action at the start of the new trading week.
The downside, however, seemed cushioned as investors are likely to refrain from placing any aggressive bets ahead of this week's key event risk - the highly anticipated FOMC meeting on September 17-18.
The Fed is widely expected to cut interest again on Wednesday, though opinions on aggressive easing remain divided and should lead to some unusual volatility during the second half of this week's trading action.
14 Oct 2019 06:00 PM
India’s retail inflation rate rose to 3.99% in September, driven by higher food prices, the government said on Monday, close to the central bank’s 4% medium-term inflation target, after an interval of 13 months.
14 Oct 2019 05:22 PM
The Indian rupee closed at over three-week low against the dollar, following a report that said China wanted further trade talks before
14 Oct 2019 04:28 PM
Indian equity indices ended higher on Monday, buoyed by auto and real estate stocks, as investors awaited headline inflation data due later in the evening.
14 Oct 2019 03:28 PM
The euro is trading little changed around $1.1030. Markets are digesting the U.S.-Sino handshake deal that prevents new US tariffs that were planned for Tuesday.
14 Oct 2019 02:24 PM
The dollar held near a 2-1/2-month high against the yen on Monday on signs of progress in U.S.-China trade talks, while sterling's rally ran out of steam after touching a 3-month peak on hopes for an orderly British exit from the European Union.
14 Oct 2019 02:13 PM
The British pound fell against the U.S. dollar on Monday in Asia despite renewed Brexit hopes. The greenback inched up amid positive trade progress with