The Bank of Japan (BoJ) held interest rates at record lows as expected on Friday, and said inflation is likely to rise more in the near-term as the Japanese economy struggles with elevated raw material costs and supply chain issues The central bank held its target for short-term interest rates at negative 0.1%, and said […]
By Administrator_India Capital Sands Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation. Chair Jerome Powell said that the Fed will seek inflation that averages 2% over time, a step that implies allowing […]
By Administrator_India Capital Sands U.S. losses from coronavirus-related fraud and identity theft have reached nearly $100 million since the pandemic emerged in March, while complaints of COVID-19 scams have at least doubled in most states, a consumer protection group said on Tuesday. A report from the group, based on government data, highlighted the vast […]
By Administrator_India Capital Sands The dollar nursed losses against most currencies, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures. The euro traded near its strongest level in more than a year on Wednesday after European leaders agreed a stimulus plan to […]
By Administrator_India Capital Sands The dollar was up on Friday, with the U.S. reporting more than 2 million COVID-19 cases as of June 12 and triggering renewed fears of a second wave of cases. Investors were also spooked by the possibility of renewed lockdowns to curb the spread. The market was still digesting a […]
By Administrator_India Capital Sands The dollar steadied against riskier currencies and the safe-haven yen hit a one-month high on Thursday, as the U.S. Federal Reserve’s dour economic outlook spooked investors. The moves arrested the greenback’s initial slide after the Fed’s policy stance, projecting rates near zero for years, was even more accommodative than expected. The […]
By Administrator_India Capital Sands Gold was up on Wednesday morning in Asia, building on its gains from the previous session. Gold futures were up by 0.08% at $1,723.25 after jumping 1.2% during the previous session. Stocks, which usually move inversely to gold, were mostly up. Investors continued to be cautiously optimistic ahead of the […]
