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Gold hovers near five-week lows as firm dollar, trade optimism dent appeal

Tuesday, March 5, 2019, 1:15 PM

Gold prices were steady on Tuesday, trading near five-week lows touched in the previous session, as a firmer dollar and optimism over a likely U.S.-China trade deal dented safe-haven appeal of the precious metal. Spot gold was up 0.2 percent to $1,288.46 per ounce as of 0552 GMT, after slipping to $1,282.50 in the previous session, its lowest since Jan. 25.
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Rupee weakens against dollar as crude oil prices rise

Tuesday, January 8, 2019, 7:49 PM

The Indian rupee was trading lower against the US dollar on Tuesday after crude-oil-prices surged in eight-out of nine trading sessions. Traders awaited the outcome of US -China trade talks and President Trump's speech. At 9.10am, rupee was trading at 70 dollar, down 0.46% from previous close of 69.68. The home currency opened at 69.84 dollar and touched a low of 70.01 dollar.
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'Flash crash' hits the currency markets as financial volatility intensifies

Friday, January 4, 2019, 7:37 AM

The Japanese yen hit its highest level since March against U.S. dollar on Wednesday evening after what some traders are calling a "flash crash." At around 5:35p.m. Japan's currency traded around 104.80, up about 4% in a sudden move. Earlier in day, yen traded around 109 per dollar. The currency traded at 107.74 versus the dollar on Thursday morning ET, down more than 1%.

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