Monthly archives: January, 2021

Dollar rises as stock slump rattles investor confidence

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The dollar extended gains against most currencies on Thursday as a stock market rout due to concerns about excessive valuations boosted safe-harbour demand for the U.S. currency. The euro nursed losses after a European Central Bank member warned that interest rate cuts are possible to curb the common currency’s recent gains. …

Dollar firm as economic, pandemic gloom damp risk appetite

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The dollar held ground against riskier currencies on Monday as weak economic data from Europe and fresh worries about the coronavirus supported investor demand for safe-havens, stretching greenback selling positions. Economic activity in the euro zone shrank markedly in January as stringent lockdowns to contain the coronavirus pandemic hit the bloc’s …

UK PM Boris Johnson says too early to say when national lockdown will end

UK PM Boris Johnson says too early to say when national lockdown will end

By Administrator_India Capital Sands Boris Johnson: The new strain of coronavirus and the fresh set of crises brought forth by it for the United Kingdom apart, UK Prime Minister Boris Johnson hasn’t been viewed too positively for his handling of the pandemic, if reports are to be believed. In March he had said that he …

Gold and Brent crude rise over 1% after Janet Yellen’s ‘act big’ call

Gold and Brent crude rise over 1% after Janet Yellen's 'act big' call

By Administrator_India Capital Sands Gold rose on Wednesday to a one-week high as the dollar weakened on US Treasury secretary nominee Janet Yellen’s call to “act big” on measures to help the American economy recover from the impact of the pandemic. Brent Crude, too, jumped and traded above $56 a barrel. Spot gold gained 1.18 …

Dollar Down Over Yellen’s Urge to “Act Big” on COVID-19 Relief

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The dollar was down on Wednesday morning in Asia, with investors digesting U.S. Secretary of the Treasury nominee Janet Yellen’s big spending comments. The euro held onto its gains as a better-than-expected sentiment survey in Germany brightened the mood. The U.S. Dollar Index that tracks the greenback against a basket of other currencies …

China GDP grows 2.3% in 2020, back to pre-Covid pandemic trajectory

China GDP grows 2.3% in 2020, back to pre-Covid pandemic trajectory

By Administrator_India Capital Sands China’s economy roared back to pre-pandemic growth rates in the fourth quarter as its industrial engines fired up to meet surging demand for exports, pushing the full-year expansion beyond estimates and propelling its global advance. Gross domestic product climbed 6.5 per cent in the final quarter from a year earlier, pushing …

Covid-19 vaccination: 81% of targeted beneficiaries get the jab in Odisha

Covid-19 vaccination: 81% of targeted beneficiaries get the jab in Odisha

By Administrator_India Capital Sands Around 81 per cent of the targeted beneficiaries on Saturday turned out at designated centres across Odisha to receive the COVID-19 vaccine as the state government rolled out the inoculation drive, an official said. The exercise began at about 11 am, immediately after Prime Minister Narendra Modi launched the programme in …

Dollar rebound falters as Fed’s Powell strikes dovish tone

Dollar stuck near two-week lows amid lower U.S. yields

By Administrator_India Capital Sands The dollar’s rebound from a nearly three-year low faltered after Federal Reserve Chair Jerome Powell said on Thursday that interest rates would not rise any time soon. The release of details of President-elect Joe Biden’s $1.9 trillion stimulus later that day failed to give the greenback additional support, with the main …