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The Rupee opened slightly stronger on Monday, buoyed by robust capital inflows, while traders keep an ?eye on oil prices and anticipated interventions by the central ?bank to keep the currency on a steady footing. Uncertainty over the conflict could keep risk appetite curtailed but pressure on the rupee is expected to be offset by ?the Reserve Bank of India's presence in the market, similar to the ?last two weeks. A wavering dollar teetered near multi-month lows on Monday in a market unsettled by the U.S. Treasury's ?promise to buy back more long bonds, while traders awaited details of sanctions on Iran and on policy ?speeches this week in the U.S. and Japan. The Canadian dollar slipped 0.2% in early trade, to C$1.3798 per dollar, after trade talks with the U.S. collapsed and Washington imposed 50% tariffs on Canadian goods with Canada retaliating in kind. The Australian and New Zealand dollars traded just shy of three-month highs at $0.7171 and $0.5979 ?respectively. The euro was comfortably above $1.16 at $1.1685 while the yen kept to the strong side of 159 per dollar. Last week, after 30-year yields hit almost two-decade highs, the U.S. Treasury announced it would double buybacks at the long end to $4 billion per operation. The mood was keeping Australian dollar above 71 cents, he said. Sterling was firm at $1.3650 in morning trade ?and the ?yuan , which notched an eighth straight weekly rise last week, hovered near a 3/1-2 year high at 6.7222 per dollar. Oil prices slipped more than $1 a barrel on Monday as investors took profits ahead of ?an expected announcement from Washington about imposing more sanctions on Iran that may further disrupt supplies from the Middle East. Brent crude futures fell $1.23, or 1.3%, to $93.16 by 0329 GMT, while U.S. West Texas Intermediate crude was at $85.7 a barrel, down $1.36, or 1.6%.......
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GlobalFX

The US dollar weakened sharply against other major currencies after data showed that the US economy suffered a record contraction in Apr-Jun, while jobless claims rose in the week ended Saturday also rose.The US unit also extended its decline globally on Thursday after Trump raised the possibility of delaying presidential election in the US, scheduled for November.European Stocks ended lower on Thursday due to mounting concern over sluggish economic recovery and a possible second wave of the COVID-19 pandemic.Germany reported its worst decline in GDP since 1970, with the Eurozone’s largest economy shrinking 10.1% quarter-on-quarter in Apr-Jun.Corporate earnings were high on investors' agenda on Thursday.In the US, Most share indices ended lower on Wednesday following bleak economic data.Lack of progress in talks between Congressional Democrats, Republicans and the White House on a new coronavirus aid package also weighed on sentiment.Gold futures settled lower on Thursday after nine consecutive days of gains, with the bullion retreating from a record rally as traders booked some profit.......
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