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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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Gold hits six-month high on growth fears, stock volatility

Thursday, January 3, 2019, 9:11 PM

Gold prices scaled a more than six-month peak on Thursday as worries about a global economic slowdown and volatility in equities boosted safe-haven buying, while a weaker dollar offered support. Spot gold touched its highest since June 15 at $1,290.09, and was trading up 0.3% at $1,288.43 per ounce at 0443 GMT. U.S. gold futures were up about 0.5% at $1,290.20 per ounce.

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