Dollar stands tall as Powell reappointment firms hawkish Fed bets

HONG KONG: The dollar was near a four-and-a-half-year top against the yen on Tuesday, after Federal Reserve Chair Jerome Powell was reappointed for a second term, emboldening bets on higher U.S. interest rates. At 114.8 yen the greenback is near last week\’s peak of 114.97, its highest since March 2017, having jumped 0.77% on Monday.

Chinese Yuan a key focus for RBI\’s currency intervention

The Indian rupee may be poised to get volatile vis-a-vis the US dollar as the talk of tapering gathers momentum, but the Reserve Bank of India\’s focus is more likely towards the movement of the rupee compared to how the Chinese yuan moves. The central bank\’s intervention policy is likely to be guided more by

Dollar reigns as hawkish Fed stands out among central banks

TOKYO: The U.S. dollar traded at its highest in over a year to the euro and near a five-year high against the yen as a hawkish tilt by Federal Reserve policymakers, buoyed by strong U.S. data, contrasted to more dovish monetary outlooks in Europe and Japan. The dollar index, which measures the greenback against six

Rupee slips vs US dollar as Fed minutes show fresh calls for faster taper, higher interest rates

NEW DELHI: The rupee weakened against the US dollar on Thursday as hawkish comments by several officials of the US Federal Reserve fuelled speculation of interest rates rising sooner than later in the world’s largest economy, propelling the dollar to near-16-month highs, dealers said. The partially convertible Indian currency settled at 74.5100 per US dollar