By Ritu, Capital Sands The Chinese Yuan hit almost five-month highs and the USD continued to retreat on the last day of the year in Asia. The U.S. dollar index was down 0.06% to 96.69 , continuing a multi-day slide. The People’s Bank of China set the reference rate for the yuan at 6.9762,
By Ritu, Capital Sands The dollar was on the defensive on Monday in light year-end trading after suffering a setback the previous session, as hopes of a U.S.-China trade deal lifted investors’ risk appetite, sapping safe-haven demand for the greenback. The dollar index was stable at 96.942 against six major currencies after
By Ritu, Capital Sands Oil prices rose on Friday, hitting three-month highs after data showed record online spending by U.S. consumers, stoking faith in the world’s no. 1 economy even before the hoped-for end to the trade war between Washington and Beijing. Brent crude futures were up 6 cents, or
By Ritu, Capital Sands The dollar hovered near a six-month high versus the Japanese yen while the Australian dollar climbed to its strongest since July on Friday, buoyed by easing Sino-U.S. trade tensions. The optimism around prospects for a trade deal reduced demand for safe-haven currencies such as the yen,
By Ritu, Capital Sands European shares traded near all-time highs on Tuesday in a holiday-shortened week, helped by optimism about the global economic outlook amid progress in U.S.-China trade talks. The pan-European STOXX 600 index was nearly unchanged . Britain’s FTSE 100 fell 0.2% and Spain’s IBEX ) eased
By Ritu, Capital Sands Stating that democracy in India is under threat from the BJP-led government at the Center, West Bengal Chief Minister Mamata Banerjee wrote to chief ministers and senior leaders belonging to opposition parties urging them to unite and chalk out a plan to “save the country”.