News

Samsung Electronics has announced the launch of its first multi-folding smartphone, as it faces growing pressure to keep up with innovations from competitors. 

The Indian Rupee (INR) opens on a weak note against the US Dollar (USD) on Tuesday. The USD/INR pair rises to near 90.00 as the Indian Rupee continues to underperform its peers amid strong US Dollar demand by importers and the consistent outflow of foreign funds from the Indian stock market.

The USD/CHF pair trades in negative territory near 0.8045 during the early European session on Tuesday. The prospect of a US interest rate cut in December weighs on the US Dollar (USD) against the Swiss Franc (CHF).

The AUD/USD pair attracts some dip-buyers during the Asian session on Tuesday and stalls the previous day’s modest pullback from a nearly three-week top.

Gold prices fell in Saudi Arabia on Tuesday, according to data compiled by FXStreet.

• Prior 35.8

The trend (as seen below) continues to show improvement in consumer sentiment, which is a positive takeaway for the BOJ. The detailed breakdown shows that:

• Overall livelihood: 36.2 (up 1.9 from the previous month)
• Income growth: 41.0 (up 1.0 from the previous month)
• Employment: 41.7 (up 1.6 from the previous month)
• Willingness to buy durable goods: 30.9 (up 2.0 from the previous month)

This article was written by Justin Low at investinglive.com.

Japan Consumer Confidence Index came in at 37.5, above expectations (35.9) in November

Gold prices fell in Philippines on Tuesday, according to data compiled by FXStreet.

Gold prices fell in United Arab Emirates on Tuesday, according to data compiled by FXStreet.