Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. Risk Disclaimers This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. ** NSDL data shows foreign investors bought a net $182.5mln worth of Indian bonds on May.Important Disclaimers The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. ** As per NSDL data, foreign investors bought a net $97.8mln worth of Indian shares on May. ** SGX Nifty nearest-month futures up 0.2% at 18,210 ** Brent crude futures up 0.5% at $76.3 per barrel ** USD/INR May forward premium at 2 paisa ** USD/INR NSE May futures settled on Thursday at 82.5975 ** One-month non-deliverable rupee forward at 82.86 onshore one-month forward premium at 8.5 paisa The odds of a Fed rate hike in June rose to more than 30%. "The current strength of the labour market does not support the Fed's view that the unemployment rate will lift to 4.5% by year-end," ANZ said in a note Meanwhile, the number of Americans filing new claims dropped more than expected, suggesting a resilient labour market. inflation does not look like it is cooling fast enough to allow the central bank to pause its interest-rate-hike campaign. Two Fed policymakers said on Thursday that U.S. yield climbed to 4.28% on comments by Fed officials and U.S. The offshore yuan dropped to 7.0750 to the dollar, a level last seen in December. The dollar index inched higher in Asia to add to Thursday's rally, reaching its highest level since mid-March.Īsian currencies declined, with the Chinese yuan once again leading the way. The overnight swap rate posted a sizeable decline, which traders said was likely due to a cash dollar shortage. USD/INR overnight swap rate will be a key factor to watch besides the RBI, he added. That would just make it all the worse for the rupee at a time when it is already under significant pressure." "Highly doubt that RBI will allow a move above 82.80-83.00 (on USD/INR). "Expect RBI (Reserve Bank of India) to intervene right at the open," a forex spot trader said. The local currency is near the lowest level in almost two months. dollar compared with 82.60 in the previous session. Non-deliverable forwards indicate rupee will open at around 82.70-82.75 to the U.S. yields following hawkish comments from Federal Reserve officials. MUMBAI, May 19 (Reuters) - The Indian rupee is expected to extend its decline on Friday, weighed by a rising dollar index and U.S.
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