Euro’s gains support Asian currencies after ECB stimulus
By Administrator_India Capital Sands The euro held big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its...
Oil prices hold ground ahead of OPEC+ meeting on extended output cuts
By Administrator_India Capital Sands Oil prices rose in early trade on Tuesday, with traders waiting to see whether major crude producers agreed to extend their huge output cuts to...
Dollar dips as virus recovery optimism holds
By Administrator_India Capital Sands The dollar inched lower on Tuesday as growing optimism about a global recovery from the COVID-19 pandemic supported riskier currencies, though concerns about Sino-U.S. tensions held...
Trump defends his use of unproven treatment as prevention against coronavirus
By Administrator_India Capital Sands U.S. President Donald Trump on Tuesday defended taking a prescription malaria drug to try to ward off the novel coronavirus despite medical warnings about its...
Dollar holds advantage as Powell quashes negative rates, data in focus
By Administrator_India Capital Sands The dollar held onto gains against major currencies on Thursday after U.S. Federal Reserve Chairman Jerome Powell dismissed speculation that policymakers will adopt negative interest rates....
China says Phase 1 trade deal beneficial to U.S., China and the world
By Ritu, Capital Sands The Phase 1 trade deal between China and the United States will benefit for both countries and the world, the Chinese foreign ministry said on Tuesday...
Dollar Down After Investors Welcome Loosened Lockdown Plans
By Administrator_India Capital Sands The dollar was down on Monday morning in Asia, giving up some of its gains from earlier in the session. The gains came after some countries’ plans to...
India may see 0% GDP growth this fiscal year
By Ritu, Capital Sands The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0% expansion in the current...
Stampede to Buy Euros at End-of-Month Fix Rattles FX Trading
By Administrator_India Capital Sands Traders rushed to buy euros in a bid to rebalance their portfolios on the last day of the month, prompting a sudden spike in the...
Australian retail sales surge in March, might avert first-quarter GDP contraction
By Administrator_India Capital Sands Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred panic buying of food and other staples, perhaps...