The euro is on its way to parity with the dollar by the end of 2017, say analysts at Goldman Sachs Group Inc. The currency has dropped 5.75% since hitting a 2014 high in March, closing on Friday at 1.3133.
MUMBAI: The rupee recovered by three paise to 60.47 against the US dollar in early trade today on sustained foreign capital inflows amid the country's economic growth rate improving to two-and-half year high of 5.7 per cent in the April-June quarter.
The Russian ruble has hit a record low against the US dollar on Friday, dropping to 37.10. The sharp devaluation comes amid rising concerns over the situation in Ukraine and investor fears that the West will unleash fresh sanctions against Russia.
The dollar jumped against the euro and yen Wednesday after minutes from the most recent meeting of the Federal Open Market Committee showed the central bank was gradually shifting its stance in a more hawkish direction.
The Aus Dollar (AUD) has surged higher on global forex markets breaking through key technical levels. The result has been a shift in near-term forecasts to favour the Aussie against the euro, pound sterling and US dollar. That said, in the longer-term ...
Investors are monitoring the Fed closely for hints of when the U.S. central bank will tighten its easy money policies by raising interest rates from current rock-bottom levels, which could boost the dollar by driving investment flows into the United ...
Oil is pumped into an oil tanker at the Ust-Luga oil products terminal in Russia. State-owned energy giants are now accepting payments in Russian rubles and Chinese yuan -- as opposed to U.S. dollars -- amid Western sanctions against Moscow.