US Dollar Climbs As Fed Meeting Begins
New York: The US dollar rose against most major currencies as the Federal Reserve kicked off its two-day policy meeting.
In late New York trading on Tuesday, the euro fell to $1.1739 from $1.1792, and the British pound dropped to $1.3315 from $1.3348. The Australian dollar increased to $0.7560 from $0.7535. The US dollar bought 113.55 Japanese yen, higher than 113.47 yen of the previous session. The US dollar climbed to 0.9920 Swiss franc from 0.9907 Swiss franc, and it edged up to 1.2875 Canadian dollars from 1.2847 Canadian dollars.
Investors kept a close eye on the Fed's policy meeting, with an updated policy statement set to be released after the conclusion of the meeting on Wednesday.
Following the release, Fed Chair Janet Yellen will hold her last news conference as the central bank chief.
The Fed is widely expected to deliver its third interest-rate hike in 2017. According to the CME Group's FedWatch tool, market expectations for a Fed rate hike in December stood at 100 per cent.
The dollar index, which measures the greenback against six major peers, was up 0.26 percent at 94.109 in late trading.
IANS
Liveblog Updates:
A woman was killed and four other civilians were injured in Uri in Jammu and Kashmir's Baramulla district as the Pakistan army intensified artillery fire across the Line of Control (LoC) in Kashmir, officials said, adding that a large number of houses have also been damaged in the cross-border shelling.
Reports state that a Pakistani shell struck the vehicle the woman was traveling in, resulting in her death. The woman was identified as Nargis Bashir, and some of her family members had boarded a vehicle to flee from the Razarwani village in Uri that was hit by the mortar and artillery shells from Pakistan.
In an attempt to educate and make people aware about the consequences of war amid Pakistan's continuous firing in the border states, the Delhi government did a mock drill to test air raid sirens installed at the Public Works Department (PWD) at ITO and asked people to not react out of panic.
District Magistrate (Central) G. Sudhakar also urged people to remain calm and not be alarmed when they hear the sirens.
At least twice, sirens sounded during the drill, which started at 3 pm.
PWD Minister Parvesh Verma said 40-50 more such sirens will be installed across the national capital, each of which will cover an area of 8 km.
Residents present in Rajouri along the Line of Control have started moving to safer areas after heavy cross-border shelling and attempted drone and missile attacks last night by Pakistan. All drone and missile attacks were intercepted and foiled by India's air defence system.
#WATCH | J&K | Residents of Rajouri living along the LOC have started moving to safer areas after heavy cross-border shelling and attempted drone and missile attacks last night by Pakistan.
— ANI (@ANI) May 9, 2025
All drone and missile attacks were intercepted by India's air defence system and foiled,… pic.twitter.com/XITK0CsejT
Pakistan has claimed that its Economic Affairs Division account on social media has been hacked and called the post where it appealed for more loans from the international community owing to losses from Operation Sindoor "fake."
In a post on X, Pakistan's Ministry of Foreign Affairs Fact Checker shared a picture of the post and mentioned that it was "fake." Additionally, it asserted that the account had undergone hacking.
A missile-like object is found deep inside the Dal Lake after loud explosions were heard on Saturday morning in Srinagar, which is a major tourist attraction. The defense ministry also confirms that Pakistan has intruded into Srinagar's airspace in a press release.
Since the early hours of Saturday morning (10th May), Srinagar has been rocked with multiple explosions, and now electricity is taken off in various places across Kashmir. The reason for this is yet to be determined, as reports indicate multiple places in Kashmir have lost power. The Indian Army released a statement after the press briefing, where they mentioned that they have attacked and neutralized multiple terrorist launchpads in a coordinated fire assault, razing them to cinders.