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Daily Market Report: Forex
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The Sterling fell as plummeting exports resulted in record trade deficit for UK in November ‘08
Tue, Jan 13 2009, 14:55 GMT
by ICICI Bank Treasury Research Group
• The Rupee weakened as the Dollar gained broadly against most currencies due to increase in risk aversion. The USD/INR pair ended at 49.07 from 48.85 yesterday.
• The 6-month and 1-year forward premium was at 2.26% and 1.79% as compared at 2.38% and 1.88% yesterday.
• The Sterling fell as plummeting exports resulted in record trade deficit for UK in November ‘08. EUR/USD was at 1.3295 from 1.3412 yesterday and GBP/USD was at 1.4595 from 1.4962 yesterday. USD/JPY was at 89.22 versus 89.82 yesterday. *
*These levels are taken at 17:30 IST.
Published on Tue, Jan 13 2009, 14:56 GMT
Archive
- Sterling rose against the dollar after BOE says that the UK recession was nearing a trough
Published On Thu, Jun 11 2009, 15:50 GMT - The Dollar weakened against majors on easing risk aversion
Published On Tue, Jan 27 2009, 16:16 GMT - The Sterling gained against the greenback
Published On Fri, Jan 16 2009, 14:16 GMT - The Sterling fell as plummeting exports resulted in record trade deficit for UK in November ‘08
Published On Tue, Jan 13 2009, 14:55 GMT - The Euro remained under pressure as the markets await the ECB rate decision
Published On Mon, Jan 12 2009, 15:15 GMT
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