Dollar gains strength, poised for biggest weekly gain as rate cut hopes dim

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Dollar gains strength, poised for biggest weekly gain as rate cut hopes dim - Business Standard

Quick Summary:

The onshore yuan edged up against the dollar to stand at 7.2395, but was still on course for a seventh straight weekly drop - its longest losing streak since 2021.

Finance Minister Katsunobu Kato added his voice on Friday, saying authorities would take appropriate action against excessive exchange-rate moves.The yen was last at 155.575, up 0.4% on the day, but still set for a weekly decline of around 2%.

India Inc capex slows down marginally to Rs 9."The market's getting that sense of 'actually, next year we're not going to be seeing as many cuts as we were expecting'," she added.