Nifty around 17,400, Sensex down 650 points; Adani Enterprises, HDFC Bank most active

March 10, 2023 / 08:55 AM IST

Dollar loses shine after jobless claims data

The dollar halted its climb on Friday after a rise in unemployment claims in the United States dampened hopes of potentially easing conditions in the labor market and further aggressive rate hikes from the Federal Reserve.

In Asia, markets remained cautious ahead of the Bank of Japan’s (BOJ) monetary policy decision at the conclusion of the policy meeting, the last meeting chaired by current BOJ governor Haruhiko Kuroda before leaving office in April.

The yen held steady in early Asia trade, and was last up 0.2% at 135.89 per dollar, having retreated from nearly three-month lows earlier in the week.

The US dollar declined marginally on Friday.

The euro rose 0.13% to $1.0595, while sterling rose 0.05% to $1.1932, both a ways off from multi-month lows hit on Wednesday.

The kiwi rose 0.07% to USD 0.6106, but the Aussie slipped 0.13% to USD 0.6582.

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