Stronger dollar down for the week as clues point to inflation peak

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Aug 12, 2022  •  15 minutes ago  •  3 minute read  •  Join the conversation Article content NEW YORK — The dollar rallied on Friday but was set for a weekly drop as traders weighed improving U.S. inflation data against comments from Federal Reserve officials … Read more

Home Point Capital hit by multi-million dollar loss

Home Point generated a quarterly funded origination volume of $9.3 billion, down from $12.5 billion in the previous quarter. The company, however, managed to grow its network of active broker partners by 10% year over year to 3,573 active brokerages. “Focusing on the growth dimension of wholesale, the migration from retail to broker is accelerating. … Read more

Gold eyes fourth straight weekly gain on dollar weakness

Breadcrumb Trail Links PMN Business Author of the article: Reuters Ashitha Shivaprasad Article content Gold prices inched lower on Friday but were still on track for a weekly rise, as an overall weakness in the dollar offset pressure from an uptick in bond yields and expectations of further rate hikes from the U.S. Federal Reserve. … Read more

Most Asian currencies rise on dollar weakness, Indonesian rupiah at 6-week high

Breadcrumb Trail Links PMN Business Author of the article: Article content The Indonesian rupiah rose to a more than six-week high on Thursday as most Asian currencies gained against a weaker U.S. dollar after softer-than-expected U.S. inflation data tempered worries of aggressive rate hikes by the Federal Reserve. The rupiah and South Korea’s won jumped … Read more

Stocks climb, dollar falls after inflation data

Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Wall Street equities rallied and the dollar tumbled after signs of sharply decelerating U.S. inflation prompted bets that the Federal Reserve would raise interest rates at a slower pace than previously expected. While Treasury yields since regained some ground, they had … Read more

Dollar trades solidly in calm before CPI storm

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Aug 09, 2022  •  10 minutes ago  •  2 minute read  •  Join the conversation Article content SINGAPORE — The dollar traded firmly on Wednesday in anticipation of U.S. inflation data, which even if it comes in softer-than-expected is still likely to be so red … Read more

Dollar stuck ahead of key U.S. inflation print

Breadcrumb Trail Links PMN Business Author of the article: Article content LONDON — The dollar lurked below recent highs on Tuesday as traders awaited this week’s key U.S. inflation print for any signs that price pressures are finally abating and that the need for further aggressive U.S. interest rate hikes is easing. Unexpectedly strong U.S. … Read more

Dollar loiters off highs as traders wait on inflation data

Breadcrumb Trail Links PMN Business Author of the article: Article content SINGAPORE — The dollar lurked just below recent highs on Tuesday as traders waited for U.S. inflation data due later in the week, wary of a surprise that could heap more upward pressure on interest rates. The data is due on Wednesday and the … Read more

Asia shares subdued, dollar encouraged by U.S. rate risk

Breadcrumb Trail Links PMN Business Author of the article: Article content SYDNEY — Asian share markets were mostly softer on Monday and the dollar held firm after a stunning U.S. payrolls report pushed back against talk of recession but also bolstered the case for more super-sized rate hikes. Markets quickly moved to price around a … Read more

FPI Inflows: FPIs buy shares worth Rs 14,000 cr in a week amid softening dollar index

After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in the first week of August amid softening of the dollar index. This was way higher than the net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in entire July, data … Read more