Top headlines of today economic times forex

Markets now await non-farm payrolls data to see how many jobs were added in August. Rate hike bets hoist Euro and bolster US dollar Aug 31, , AM IST German inflation running at its highest in nearly 50 years and a growing chorus of European Central Bank officials calling for big rate hikes has markets pricing a better-than-even chance of a 75 basis point rate hike next week.

The euro rose 0. How does it impact commodities? Aug 28, , PM IST The dollar index, which measures the value of the US greenback against a basket of other foreign currencies, gained 14 percent so far this year. This was primarily due to the aggressive rate hike decision of the US Federal Reserve and global investors moving assets to the perceived safety of the US amid geopolitical tensions.

Rupee falls 36 paise to close at Recovery in domestic markets from lower levels and FII inflows may support the local unit. Dollar tumbles after cooler-than-expected U. San Francisco Fed President Mary Daly reiterated policymakers' focus on inflation fighting and dismissed market hopes for rate cuts in The currency of Asia's third largest economy would likely have fared better had it not been for oil prices.

The December Brent crude contract rose 0. Rupee gains 31 paise to Rupee rises 24 paise to However, with a depreciating currency eating into the quantum of loans sanctioned by local banks, diamond firms are left with less and less money for import of rough stones which are cut in India.

Rupee rises 35 paise to If realised, that would be the lowest level in over two years. RBI likely sells dollars as surging U. The local unit earlier reached a record low of The intervention by the Reserve Bank of India was confirmed to Reuters by three bankers and a brokerage firm.

Rupee ends at fresh record low of Sterling swallows bitter pill, dollar advances on hawkish Fed speak 28 Sep, , AM IST In the latest flare-up in the euro zone's gas crisis and an escalation of geopolitical tension, Europe was on Tuesday investigating what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines at the centre of an energy standoff.

RBI mulls steps to arrest rupee slide 28 Sep, , AM IST People familiar with the matter told ET that commercial banks have also suggested imposition of temporary curbs on imports of 'non-essential' goods, such as gold, to conserve dollars.

An unabated surge in the dollar could prompt targeted interim measures from Mint Road. Explained: Why is the rupee falling vs US dollar? The US Fed raised interest rates by 75 bps at its last meeting and gave an indication of raising it further by 75 bps in November and 50 bps in December. Rupee rises 37 paise to The dollar index was marginally weaker, while the Euro, Sterling and the Yen strengthened against the greenback in this Tuesday morning trade,Iyer said.

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Share on Facebook Share on Twitter! Inability to push beyond , would however bring the region again in play. Digital financial services firm One97 Communications Paytm , which operates under the Paytm brand, on Sunday denied any link with the merchants that are under the Enforcement Directorate scanner in the Chinese loan app case. Price as on 05 Sep, AM, Click on company names for their live prices. US jobs generation figures and employment data released last Friday are favorable from the equity market perspective.

Jobs generation in August continues to be strong indicating a robust economy. This would have called for a hawkish Fed action on 21st September, but unemployment rising from 3. Unplanned Forex News. Central Bank Meetings The most important high impact Forex news release are central bank meetings and interest rate decisions.

Whether they raise rates, leave rates unchanged or lower rates all depends on the performance of their respective economy and how effective any decision would actually be. What a central bank, such as the Federal Reserve at their monthly FOMC meeting, chooses to do with monetary policy, has a high impact on Forex markets. In this example, raising rates will likely be bullish for the USD, while a rate cut will likely be bearish.

The most important part of a central bank meeting on interest rate policy, is the accompanying statement that goes alongside any decision made. Unemployment Unemployment data is released in a number of forms across different economies, but the highest impact release in undoubtedly the US Non-Farm Payrolls.

Non-Farm Payrolls report the change in the number of employed people during the previous month excluding the farming industry, as the name suggests. This is because unemployment data is important to the Federal Reserve when it comes to setting interest rate policy. If unemployment is high, then the Fed is more likely to cut rates in order to stimulate hiring.

While the Forex major currency pairs experience the most volatility surrounding an NFP release, any of the most liquid currency pairs will experience similarly wild price action. This is because global markets are so interconnected that when the US economy slows down, the rest of the world is often dragged down with it.

Put in simple terms, CPI measures inflation.