Dollar index hits five-week high, Fed decision in focus
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Business Standard
30-07-2025
- Business Standard
Dollar index hits five-week high, Fed decision in focus
The US dollar index surged near 99 mark yesterday as markets stayed focused on the US Federal Reserves monetary policy decision on Wednesday. However, a tepid reading on the US labour market front has capped advances for the greenback. The U.S JOLTS (Job Openings and Labor Turnover Survey) data revealed a decline in job openings to 7.437 million in June 2025, down from 7.769 million in the prior month, marking a drop of 275,000. Dollar remains broadly supported at 98.63 right now and is up 1.30% this week as generally steady economic cues keep the currency elevated after it tested a multi-month low at the start of this month. Data out yesterday showed that the CB Consumer Confidence Index spiked to 97.2 in July, beating the previous reading of 93.
News18
30-07-2025
- News18
Gold Price Today: Yellow Metal Jump Rs 600, Check 22k & 24K Rates In Major Cities
Gold prices surged amid Trump's warnings to Russia, weakening rupee, and rising crude oil prices. Gold Price Today, July 30: Gold prices saw a sharp spike of over Rs 600 on Wednesday morning amid US JOLTS data showing drop in job openings, Trump's fresh warnings to Russia to stop the Ukraine war within 10 days, weakening of the rupee and rising crude oil prices. In Mumbai, gold prices traded at Rs 1,00,480 per 10 gram for 24-carat gold. Likewise, the prices hovered at Rs 92,100 per 10 gram for 22-carat. Silver price, on the other hand, stood at Rs 1,15,900 per kg. Crude oil rallied again, hitting a five-week peak after the U.S. President took a tough stance on Russia, demanding an end to the Ukraine war within 10 days or face fresh sanctions and tariffs. Gold and silver prices rebounded from recent lows after U.S. JOLTS data for June showed job openings falling to 7.44 million, below both May's 7.77 million and market expectations of 7.51 million, said Rahul Kalantri, VP Commodities, Mehta Equities. He added a weaker rupee and rising crude oil prices aided the recovery, though gains were capped as the dollar index touched a 5-week high amid lingering tariff uncertainty. However, in the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally higher by 0.07% at Rs 99,204 per 10 gram, whereas silver (expiring on September 5, 2025) traded flat at Rs 1,13,803 per kg. About the Author Varun Yadav Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
02-07-2025
- Time of India
US private payrolls unexpectedly decrease in June; layoffs remain low
U.S. private payrolls unexpectedly fell in June and job gains in the prior month were smaller than initially thought, the ADP National Employment Report showed on Wednesday. Private payrolls dropped by 33,000 jobs last month after a downwardly revised 29,000 increase in May. Economists polled by Reuters had forecast private employment increasing 95,000 following a previously reported gain of 37,000 in May. The ADP report, jointly developed with the Stanford Digital Economy Lab, was published ahead of the more comprehensive employment report for June due to be released on Thursday by the Labor Department's Bureau of Labor Statistics. There is no correlation between the ADP and BLS employment reports. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The BLS' employment report is being published a day early because of the Independence Day holiday on Friday. Job growth has ebbed as businesses grapple with trade policy uncertainty, but companies have not yet resorted to widespread layoffs, keeping the labor market anchored. Live Events A separate report from global outplacement firm Challenger, Gray & Christmas showed job cuts announced by U.S.-based employers dropped 49% to 47,999 in June. Planned layoffs totaled 247,256 in the second quarter, down 50% from the January-March quarter. Hiring plans, however, dropped to 3,191 last month from 9,683 in May. Sluggish hiring was also evident in the government's Job Openings and Labor Turnover Survey, or JOLTS report on Tuesday, which showed a 112,000 decline in hires to 5.503 million in May. The JOLTS report also showed there were 1.07 job openings for every unemployed person in May, up from 1.03 in April. "Without a strong economic driver, hiring may remain measured through the rest of the year," said Andrew Challenger, senior vice president at Challenger, Gray & Christmas. Economists polled by Reuters expect the government's employment report to show private payrolls increased by 105,000 in June after rising 140,000 in May. Overall nonfarm payrolls are estimated to have advanced by 110,000 jobs after gaining 139,000 in May. The unemployment rate is forecast climbing to 4.3% from 4.2% in May.
