The yen briefly passed 145 per dollar on Friday, hitting an eight-month low of 145.07. The yen weakened 0.03% to 144.38 per dollar, and against the euro, it hovered at 157.495. economic data showed easing inflation and consumer spending. dollar on Monday, while the dollar weakened after U.S. The yen hovered just below the psychologically important level of 145 per U.S. Yen tentative, dollar soft as traders weigh Fed rate hike path Jul 3, 2023, 08:07AM IST.The focus in Asian hours will be on the policy decision from the Reserve Bank of Australia (RBA). dollar eased against a basket of currencies after data showed U.S. Treasury Secretary Janet Yellen and other overseas authorities on currencies and broader financial markets, signaling a possible coordinated intervention on the yen. Japan's officials were in close contact with U.S. The Australian dollar moved up ahead of a central bank policy decision. The yen edged up but remained vulnerable to weakness, hovering near the key 145 per dollar level as markets were on alert for signs of intervention. Yen steady, markets on intervention alert Aussie up before RBA decision Jul 4, 2023, 08:02AM IST.Foreign investors were net buyers in the capital market, purchasing shares worth Rs 1,995.92 crore. The rupee's direction is expected to be influenced by the release of the Federal Open Market Committee meeting minutes. The dollar index rose slightly to 103.01, and Brent crude futures increased to $75.12 per barrel. However, the rupee's gains were limited by a strong US dollar and rising crude oil prices. The Indian rupee strengthened by 4 paise to 81.87 against the US dollar due to positive domestic markets and steady foreign fund inflows. Rupee rises 4 paise to 81.87 against US dollar Jul 4, 2023, 11:37AM IST.Federal Reserve data expected on Wednesday may influence its next rate decision. Meanwhile, the Chinese yuan was supported by the central bank to prevent depreciation, while U.S. The Reserve Bank of India does not want to appreciate the currency too much and so has kept it within a range. The Indian rupee ended slightly lower against the US dollar on Tuesday due to dollar demand from importers, compared to its previous session close of 81.9575, despite hitting a high of 81.75, credited to anticipated dollar inflows. Rupee ends slightly lower on importers' dollar demand Jul 4, 2023, 05:02PM IST.For the calendar year so far, the rupee's appreciation is at similar levels and taking into account the rupee's gains from its lows versus the yuan touched in January, the domestic currency has strengthened as much as 8%. Chinese imports cheaper as rupee gains over yuan Jul 5, 2023, 12:16AM ISTįrom March 31 to June 30, the rupee has appreciated 6% versus the Chinese currency, Bloomberg data showed.
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