All articles tagged with #eco
The rupee strengthened for the third straight session, finishing at 95.23 per dollar after RBI dollar-sales interventions and a slump in Brent crude on hopes of a U.S.-Iran peace deal, with traders noting the RBI stands ready to intervene and the currency could move toward the 94.80–94.50 zone if oil and risk sentiment stay favorable.
Gold prices dipped as rising oil costs fed inflation worries and clouded the Fed’s rate-cut outlook ahead of this week’s policy meeting, with investors watching central banks’ stance amid elevated energy prices and geopolitical tensions in the Middle East.
Voters in roughly 35,000 municipalities elect mayors in a ballot seen as a test of far-right momentum and the resilience of mainstream parties ahead of next year’s presidential election, with security a top priority and a second round set for March 22 in cities where no list wins outright.
Japan’s markets remain jittery over potential fiscal loosening, with a former currency diplomat warning that additional tax relief could spark a renewed selloff in government bonds and a weaker yen. Investors are wary of LDP signals ahead of the February 8 snap election, and while the yen has rebounded to about 154 per dollar, analysts say a sustained recovery is unlikely and a brief move into the 140s per dollar remains possible if policy expectations shift.