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  • Business
    AFP News

    Equities mixed, dollar up after Wall St record as Trump odds grow

    Markets fluctuated Tuesday as rising expectations that Donald Trump will return to the White House played up against fresh hopes that the Federal Reserve will cut interest rates at least once this year.The dovish comments over the past week have sent bets on a September rate cut soaring, while some traders are eyeing as many as three by the end of the year.

  • Business

    Indian rupee forward volumes drop on lack of arbitrage, listless price action

    A lack of arbitrage opportunities and narrow price action are prompting bankers to scale back on their activities in the Indian rupee forwards market, leading to a drop in volumes. Volumes between banks in the dollar-rupee forward market dropped 36% in the April-June period from the previous quarter, according to CCIL data. Volumes were marginally up in the same period last year.

  • Business
    Reuters SG

    EMERGING MARKETS-Asian currencies tepid after dollar steadies, stocks mixed

    * Indonesia's rupiah, shares slip * Indonesia to keep interest rate unchanged on Wednesday - poll * Malaysian stocks touch over 3-year high * U.S. dollar recovers from around 5-week low By Shivangi Lahiri July 16 (Reuters) - Asian emerging market currencies were subdued on Tuesday and equities were mixed as the dollar steadied, while the Indonesian rupiah and shares slipped ahead of a monetary policy meeting. The dollar regrouped after comments by Federal Reserve Chair Jerome Powell bolstered September rate cut bets, though it remained around five-week lows.