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American Airlines Stock Has a New Bull, Thanks to a New Citi Card Deal -- Barrons.com
Rupee volatility has surged, putting India's Forex strategy in the spotlight.
A key Indicator for measuring the volatility of the Indian rupee has risen to over a year high, leading the market to speculate that the Reserve Bank of India may relax its strict control over the rupee amid the strengthening dollar. On Monday, the implied volatility for the rupee against the dollar for a one-month period peaked at 4.09%, the highest level since August 2023. This marks a change from the recent stability of the rupee, which saw its volatility Indicator hit a historic low in August of this year. Traders said that this surge indicates a possible shift in the Reserve Bank of India's strategy. "We believe that given the various risks brought about by low volatility, such as complacency in domestic hedging activities, the Reserve Bank of India..."
Overnight news: US stocks closed lower, Chinese concept stocks broadly declined, large Technology stocks faced sell-offs, Google reported unstable morale, the South Korean won fell for five consecutive weeks, and the USA is closely monitoring the politica
To view more global financial News, please visit the 24/7 real-time financial news. Market Close: U.S. stocks closed lower on Friday, with major Technology stocks falling broadly. All three major indices recorded gains this week. On December 27, the top 20 U.S. stock transaction volumes showed that several domestic automotive companies launched price reduction promotion strategies, with Tesla dropping nearly 5%. On Friday, popular China Concept Stocks fell broadly, with NIO and Xpeng down over 4%, JD.com down over 3%, and Kingsoft Cloud rising over 23%. Crude Oil Product: Oil prices are rising towards the end of the year, and the market is focusing on risks in 2025. Gold futures in New York fell nearly 0.7% on Friday, reporting at $2635.70 per ounce. Major European stock indices collectively rose, with the German DAX30 Index up 0.6.
Barclays has fired 15 bankers and traders based in New York.
According to informed sources, out of the 50 employees laid off by Barclays last month, 15 were based in New York. The insiders indicated that none of those laid off received bonuses. A spokesperson for Barclays stated, "We regularly assess our talent pool to ensure we invest in talent, serve our clients, and prepare for long-term success while executing our Global Strategy."
The USD is heading towards its best annual performance in nine years, supported by the USA economy and the threat of tariffs from Donald Trump.
The dollar is heading towards its best annual performance in nearly a decade, as the strengthening USA economy has dampened expectations for a Federal Reserve interest rate cut, and the threat of strict tariffs from President-elect Donald Trump has supported bullish bets on the dollar. The Bloomberg USD Index has risen more than 7% year-to-date, marking its best performance since 2015. As other central banks have to step in to support their own economies, all developed country currencies have weakened against the dollar. "This year, the dollar's main pillar is a strong economy," said Barclays Forex strategist Skylar Montgomery Koning, "This strength means the Federal Reserve is entering a range.
Trump Could Make M&A Great Again, Key Stocks for Gains
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