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Rupee Hits Record Low – Drop to 87.58 Stirs Market Panic – Edge-Forex :
The Indian economy is facing a new challenge as the rupee hits record low of 87.58 against the US dollar. This steep fall has left traders, investors, and policymakers on edge. The depreciation of the Indian currency has been fueled by growing concerns over a potential RBI rate cut and uncertainties in global trade. As…
GTCFX to Take Center Stage at iFX EXPO Dubai 2026 as Elite Sponsor
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CAB Payments and StoneX Continue Acquisition Discussions
On Wednesday, payment solutions provider CAB Payments confirmed that discussions with StoneX Group Inc. regarding a potential cash offer are ongoing. The company revealed that StoneX is currently conducting due diligence as part of the process. Earlier this month CAB Payments said it had received an unsolicited non-binding proposal from StoneX at 145p per share….
Expected US Rate Cuts Give Copper Price A Boost
Copper prices nearly achieved a six-week high on Tuesday 27 August 2024. Analysts attributed these movements to peaked investor interest in anticipation of the predicted US interest rate cuts. Based on CNBC data, the September 2024 delivery of copper clocked more than $4 per pound to record its highest level since 22 July 2024. Concurrently,…
Markets Today: BoJ Hikes Rates, German Consumer Confidence at 2024 Lows as FTSE 100 Holds the High Ground
European stock markets were mostly quiet on Friday. Although technology and retail companies saw some losses, strong performance from major banks helped balance things out. Overall, the markets were set to finish the week with solid gains after a busy few days of economic news. The STOXX 600 index dropped just slightly, with similar small…
The dollar index returned to the positive side on Friday
On Thursday, the dollar index rose to 103.54, a new weekly high. Dollar index chart analysis On Thursday, the dollar index rose to 103.54, a new weekly high. The index’s value just touched the EMA 200 moving average, after which a pullback was initiated. During this morning’s Asian trading session, the index retreated to…
