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Dollar, yen supported as caution prevails on mixed trade signals

Wednesday, November 20, 2019, 8:12 PM

The dollar and safe-haven yen found support on Wednesday as a lack of clarity on US-China trade talks kept investors cautious ahead of the release of minutes from the US Federal Reserve's last policy-meeting. Moves were slight as jaded traders again weighed mixed messages on trade, with more upbeat reports offset by US-President Trump delivering yet another warning of more tariffs if talks fail.
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Rupee rises 19 paise to 71.59 against USD in early trade

Monday, November 18, 2019, 8:45 PM

The Indian rupee appreciated by 19-paise to 71.59 against the US dollar in early-trade on Monday tracking gains in domestic equity market and weakening of the American-currency vis-a-vis other currencies overseas. Forex-traders said market participants were enthused after the US and China negotiators held 'constructive' call on trade deal. On Friday, rupee had settled for the day at 71.78 against the US dollar.
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Rupee opens lower at 71.75 per dollar

Wednesday, November 13, 2019, 12:41 PM

The Indian rupee recovered marginally but still trading lower by 22 paise at 71.68 per dollar, with domestic equity market are trading flat on November 13. On November 11, the rupee tumbled by 19 paise to a near one-month low at 71.46 against the US dollar after fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.

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