SeongJoon Cho/Bloomberg via Getty Images Here’s the basic idea: An environment of rising U.S. interest rates relative to those elsewhere is generally “dollar-positive,” said Jonathan Petersen,...
The domestic unit, however, found support due to the depreciation of the US currency and positive stock market sentiment On Friday, the rupee closed 11 paise...
Saudi Arabia is moving away from the US dollar in oil trading as it looks for alternative markets. The end of a long-standing “petrodollar” agreement would...
