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Forex reserves climb $582 mn to record $542 bn
In the reporting week, the foreign currency assets (FCA), a major component of the overall reserves, increased by USD 269 million to USD 498.362 billion, the data showed.
Dollar and yen rise as tech selloff sends investors to safety
"U.S. equity futures will likely be a guide to currencies today," said Commonwe...
Forex reserves climb $3.883 bn to record $541.431 bn
In the reporting week, the forex kitty rose mainly on the back of a jump in foreign curr...
Dollar gains further on worries ECB grew uncomfortable with euro rise
Few analysts expect it to hold for too long, but the dollar gained broadly in Asia and, if sustained, this would be the first time it has climbed three sessions in a row since May.
Dollar set for 4th monthly drop; yen steadies
The yen eased by about 0.2% in morning trade to 105.55, having climbed as far as 104.195 on Friday in the wake of Abe's resignation as prime minister for health reasons.
Forex reserves surge by $2.296 bn to $537.548 bn
In the reporting week, the increase in reserves was mainly due to a jump in foreign currency assets (FCAs), a major component of the overall reserves.
Yen jumps as Abe resignation sparks political uncertainty
The yen is regarded as a safe-haven currency by virtue of Japan's status as the world's biggest creditor nation.
Dollar on backfoot as investors look for dovish Fed signals
Powell is scheduled to address the Fed's annual central bankers' conference later in the day, usually held in Jackson Hole, Wyoming, but being conducted virtually this year because of the ongoing COVID-19 pandemic.
Japanese yen gains as virus caution weighs
The caution helped to drive the safe-haven yen up by nearly 0.5% to a two-week high of 106.72 per dollar.
Currency markets in subdued mood ahead of key Fed speech
Amid growing speculation Powell could unveil a softer policy stance towards inflation at the annual Jackson Hole retreat on Thursday, investors are bracing for the Fed's possible new steps to prop up the U.S. economy.
Forex reserves down by $2.94 bn to $535.25 bn
The foreign exchange kitty had crossed the half-a-trillion mark for the first time in the week ended June 5, 2020, after it had swelled by $8.223 billion to stand at $501.703 billion.
Dollar rallies after weakest month in a decade
The dollar index, which measures the greenback against a basket of leading currencies, lost more than 4 per cent in July, its biggest monthly drop since September 2010.
Forex kitty swells nearly $5 bn to fresh high of $522.63 bn
The overall reserves had swelled by USD 1.275 billion to USD 517.637 billion in the previous reporting week.
Dollar bounces from two-year lows, further weakness seen likely
The dollar index against a basket of currencies rebounded by 0.18% to 93.71, after dropping to 93.47 on Monday, the lowest since June 2018.
Euro jumps, dollar hurt by coronavirus spread
The euro was last up 0.87% at $1.1755, after earlier reaching $1.1763, the highest since September 2018.