Dollar Down, but Set for Weekly Gain, as COVID-19 Worries Bite

By Administrator_India Capital Sands The dollar was down on Friday morning in Asia. However, the greenback is set for its best weekly gain in about a month as ongoing investor worries about a quicker-than-expected U.S. interest rate hike and by rising COVID-19 infections capped losses. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.06% to 92.575 by 11:45 PM ET (3:46 AM GMT). The USD/JPY pair inched up 0.09% to 109.95.…

"Dollar Down, but Set for Weekly Gain, as COVID-19 Worries Bite"

Dollar Down as Investors Await Fed Minutes

By Administrator_India Capital Sands The dollar was down on Wednesday morning in Asia ahead of the U.S. Federal Reserve’s release of the minutes from its latest meeting. The euro, meanwhile, fell to an almost three-month low against the greenback as German economic data disappointed and raised concerns about the country’s economic recovery from COVID-19. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.01% to 92.532 by 11:41 PM ET .…

"Dollar Down as Investors Await Fed Minutes"

Dealmakers drown in deals in second-quarter M&A frenzy

By Administrator_India Capital Sands Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world. Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check…

"Dealmakers drown in deals in second-quarter M&A frenzy"

Dollar Down, Gives up Earlier Gains as Volatility Remains

By Administrator_India Capital Sands The U.S. Dollar Index that tracks the greenback against a basket of other currencies edged down 0.10% to 93.295 by 9:40 PM ET (2:40 AM GMT). The euro also seesawed, initially rising over comments made by ECB President Christine Lagarde emphasized that the bank does not target exchange rates. But Lagarde’s comments contradicting her earlier statement as well as the exchange rate’s impact on inflation, saw a subsequent retreat to dollars and…

"Dollar Down, Gives up Earlier Gains as Volatility Remains"