Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Dollar pares gains after hitting four-month high as risk appetite wanes.


Date: 26-03-2021
Subject: Dollar pares gains after hitting four-month high as risk appetite wanes
NEW YORK: The US dollar reached a fresh four-month high before slashing its gains on Thursday, as yields on US Treasuries dipped and investors' appetite for risk shrunk.

The dollar index was mostly unchanged at 92.6410 in mid-morning trading.

Yields on Treasuries crept down and stocks fell, with 10-year notes yielding 1.598 ahead of an auction on shorter-dated bonds on Thursday. Investors were shrugging off positive US economic data showing that fewer-than-expected Americans filed new claims for unemployment benefits last week.

"There's some nervousness around positioning, some paring down of positions within the foreign exchange market," said Mazen Issa, senior currency analyst at TD Securities, adding that some technical developments have also kept the dollar on a "bit of a roll."

US stocks opened lower in a session marked by choppy trading.

Concerns about extended lockdowns in Europe also weighed on markets. German Chancellor Angela Merkel's decision to ditch plans for a lockdown over Easter did little to improve sentiment.

The euro was down 0.12% against the dollar, at $1.1800 , with analysts forecasting it could embrace the $1.16 range, as Europe's economic recovery from the pandemic lags.

The Australian and New Zealand dollars, which dropped in the previous two sessions, edged back up slightly against the US dollar, but both were only up by around 0.1% on the day overall.

On Wednesday, US Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell expressed their confidence in the US recovery during a second day of testimony to Congress.

European leaders meet on Thursday and will discuss vaccine supplies.

The EU on Wednesday tightened its oversight of coronavirus vaccine exports, giving it greater scope to block shipments to countries with higher inoculation rates such as Britain.

Bitcoin extended recent losses, down 1.43% at $51,535.69 .

The cryptocurrency briefly topped $57,000 in the previous session after Tesla Inc boss Elon Musk said customers can now buy the company's electric cars with the digital token.

Source:economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 31-07-2025
Notification No. 49/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils,Brass Scrap, Areca Nut, Gold and Silver

Date: 19-07-2025
Notification No. 34/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A.

Date: 18-07-2025
Notification No. 33/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition.

Date: 16-07-2025
Notification No. 47/2025-Customs (N.T.)
Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg

Date: 15-07-2025
Notification No. 46/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 44/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 32/2025-Customs
Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.

Date: 13-06-2025
Notification No. 43/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 11-06-2025
Notification No. 42/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001