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  • Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak

    Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak0

    Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a similar range. A broad market rout in risk-driven assets also drove

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  • Indian economy showing resilience and recovery: CEA

    Indian economy showing resilience and recovery: CEA0

    However, there are challenges, and geopolitics is messy for which foreign investors are cautious, the CEA said. Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy was on the path to recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges. Speaking at a virtual seminar organised by Swadeshi Research Institute,

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  • Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

    Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook0

    Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts

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