Wall St closes down after sell-off at end of strong holiday-shortened week – Yahoo Finance
Written by David French (Reuters) – Wall Street's Christmas holiday cheer came to an abrupt end on Friday, sending all three major indexes down in broad-based declines that also affected tech and growth stocks that had propelled the market higher through much of the shortened trading week. The stock closed lower. The decline ended the […]
EUR/USD trades in tight range in holiday-shortened week – FXStreet
The EUR/USD pair is moving in a narrow range around 1.0400, with trading volume thin due to the holiday week. ECB President Lagarde said she was confident that inflation would sustainably return to the central bank's 2% target sooner than previously thought. According to UBS, the Fed plans to cut interest rates twice next year, […]
USD/INR rises ahead of holiday-shortened trading week, eyes on possible RBI’s intervention – FXStreet
The Indian rupee lost momentum to an all-time low in early European markets on Tuesday. A weakening offshore Chinese yuan, strong demand for US dollar from importers and rising oil prices are weighing on the Indian rupee. Intervention by RBI may help limit local currency losses. The Indian rupee (INR) extended its decline to near […]