The selloff in global stocks lost steam on Monday and the euro erased losses as investors took Ireland’s ratings downgrade in their stride, but worries about the pace of US economic recovery kept markets cautious.
After a steep fall last Friday, Wall Street looked set to open higher with US stock index futures all trading up [...]

The Indian rupee was flat in afternoon trade on Friday tracking a largely steady domestic sharemarket.
The partially convertible rupee was at 46.60/61 per dollar, little changed from 46.58/59 at close on Thursday, when it had hit 46.79 during trade, its lowest since June 11.
The rupee has so far traded in a range of 46.44 to [...]

The euro retreated from a one-month high against the dollar on Tuesday, tracking a pullback in the yuan a day after China’s pledge to allow its currency to trade more freely had spurred risk demand.
Upward momentum seen on Monday in the euro and higher-risk currencies, including the Australian dollar, petered out as investors acknowledged that [...]

China took the first step on Tuesday towards honouring a vow to let its currency float more freely, as US complaints that Beijing is stealing an unfair trade edge intensify heading into a G20 summit.
But analysts warned that China would still prevent any large appreciation in the yuan that might curb the ferocious growth of [...]

The dollar fell to a one-month low versus the Swiss franc on Friday on broad strength in the Swiss currency, a day after the
Swiss National Bank stepped back from its interventionist stance.
The dollar fell to 1.1090 francs, its lowest level since May 13. Earlier the franc hit a record high versus the euro, staying [...]

Stocks gained, commodity prices rose and the euro clambered higher on Tuesday as strong demand for debt from around Europe reassured investors about the state of the euro zone’s finances. Spain’s Treasury raised 5.2 billion euros at its 12- and 18-month T-bill auction on Tuesday, while Belgium raised 2.5 billion euros in a heavily oversubscribed [...]

The euro steadied from recent falls and world stocks were becalmed on Monday with a Chinese warning about risks to global growth and a downgrade of Spain’s credit heightening investor caution in holiday-thinned trade.
Europe’s common currency inched up, recovering modest losses suffered after a cut to Spain’s sovereign debt rating late on Friday, but the [...]

The rupee erased its intraday losses on Monday as local shares reversed falls to gain on the day after official data showed economic growth in the March quarter was broadly in line with market expectations.
India’s economy grew an annual 8.6 per cent in the March quarter, its fastest rate in six months, broadly in line [...]

The euro fell on Monday as investors sold into its latest bounce, while the Australian dollar dropped as unwinding of carry trades funded in the single currency continued on concerns markets would remain volatile. After last week’s flare-up, when the euro hit a four-year low, investors were still cutting risk in their portfolios as they [...]

The Indian rupee weakened on Monday, giving up all its intraday gains, as worries over the euro zone’s financial problems bolstered the dollar and triggered a fresh wave of demand from importers, mainly refiners.
The partially convertible rupee ended at 46.98/99 per dollar, after rising as high as 46.5950, but weaker than its 46.95/96 close in [...]