EUR/USD supported above 1.1400, Euro area investor sentiment hits highest in a year
Euro stayed supported against the US dollar as markets eyed steady economic cues. Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. EUR/USD pair is quoting at 1.1435, up marginally on the day following this. Despite steady risk appetite in world markets, caution ahead of the US inflation reading is keeping overall movement tight for the currency. On NSE, EUR/INR futures are currently quoting at 97.95, up marginally on the day. The pair saw a good recovery after falling near 97.60 mark in midmorning trades.
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Time of India
an hour ago
- Time of India
Insurance payout for passengers of Air India's crashed plane to be governed by Montreal Convention: Experts
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The Print
2 hours ago
- The Print
Gold jumps Rs 850 to Rs 99,340/10 g; silver slips Rs 100
However, silver prices went lower by Rs 100 to Rs 1,07,000 per kilogram (inclusive of all taxes) on Thursday. The yellow metal of 99.5 per cent purity climbed Rs 800 to Rs 98,800 per 10 grams (inclusive of all taxes). New Delhi, Jun 12 (PTI) Gold prices jumped Rs 850 to Rs 99,340 per 10 grams in the national capital on Thursday amid a rise in precious metal prices in the overseas markets, according to the All India Sarafa Association. The most traded gold contracts for August delivery bounced by Rs 1,585 to trade at Rs 98,289 per 10 grams. Subsequently, the contracts for October delivery rallied Rs 1,520 to Rs 99,214 per 10 grams on the Multi Commodity Exchange (MCX). 'Gold prices surged higher on Thursday as escalating US-Iran tensions reignited safe-haven demand and weaker-than-expected US inflation data bolstered bets of interest rate cuts from the Federal Reserve,' Sriram Iyer, Senior Research Analyst at Reliance Securities, said. Meanwhile, spot gold increased by USD 15.74 per ounce or 0.47 per cent to USD 3,370.87 per ounce in the international markets. 'Gold is trading higher on renewed safe-haven demand spurred by US President Donald Trump's announcement that unilateral tariffs will be imposed within two weeks,' Kaynat Chainwala, Kotak Securities' AVP-Commodity Research, said. Globally, spot silver fell 0.54 per cent to trade at USD 36.05 per ounce. According to HDFC Securities' Senior Analyst – Commodities, Saumil Gandhi, market participants will be awaiting US economic reports, which will include the release of the Producer Price Index and Weekly Initial Jobless Claims later in the day. PTI HG HG SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Business Standard
4 hours ago
- Business Standard
INR sees volatile action but bearish US dollar offers support
Indian Rupee was volatile moves, giving up some of the recent gains in intraday moves amid weakness in local equities. It closed around 85.53, almost unchanged on the day as deep losses in the US dollar provided some support to the local currency. The US dollar index slipped from a one-week high and extended losses ahead of the producer price index data. Meanwhile, the key equity indices ended with major cuts today, tracking weak global cues. Investor sentiment remained subdued as markets assessed the limited clarity on the U.S.-China trade agreement and monitored escalating geopolitical tensions between the U.S. and Iran, which pushed crude oil prices higher. The Nifty ended below 24,900 level, dropping 1% on the day. On the NSE, USD/INR futures closed at 85.58, up marginally on the day after edging up to 85.70 mark earlier in the session.
