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The Rupee opened stronger on Tuesday as India's central ?bank likely ?sold dollars before the ?local spot ?market opened, lifting ?the rupee ?towards the key ?psychological ?95-per-dollar level. The yen steadied near the 160-per-dollar level on Tuesday after U.S. Treasury Secretary Scott Bessen ramped up pressure on the Bank of Japan to hike rates later this month, while currency markets ?kept a wary watch on renewd attacks in the Middle East. The yen last bought 159.81 ?per dollar, having weakened past the 160 level in the two previous sessions. The yen firmed after Bessent said he ?believed Japan's government and central bank would take action that leads to a stronger yen. Markets are pricing in a 73% chance of a hike from the BOJ later this month, but analysts suggest there needs to be a ?much stronger follow-through by the central bank. The U.S. dollar was subdued, backing away from Friday's gains as investors contended with rising odds of a hike from the Federal Reserve in September after last week's hawkish remarks from Fed Chairman Kevin Warsh. The euro was steady at $1.1623 after eking out a nearly 1% gain for August. Sterling last fetched $1.35575 after a 0.5% rise last month. The dollar index , which measures the ?U.S. currency against six other units, ?eased to 99.37. In other currencies, ?the Australian dollar was a touch firmer at $0.7172, while the New Zealand dollar fetched $0.5921. Oil prices gained on Tuesday as the ?resumption of fighting between the U.S. and Iran in the Middle East renewed fears of ?supply disruptions from the world's key crude-producing region. Brent crude futures were up 56 cents, or 0.6%, to $91.05 a barrel at 0044 GMT, while U.S. West Texas Intermediate crude was up 83 cents, or 1%, to $86.59.......
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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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