Daily Market Report: Forex
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The Sterling gained against the greenback
Fri, Jan 16 2009, 14:16 GMT
by ICICI Bank Treasury Research Group
ICICI Bank
• The Rupee ended stronger on Dollar weakness against majors (except JPY) and on positive equity market cues. The USD/INR pair ended at 48.78 from 49.04 yesterday.
• The 6-month and 1-year forward premium was at 2.31% and 1.80% as compared at 2.26% and 1.76% yesterday.
• The Sterling gained against the greenback on easing risk aversion levels after the Fed provided with a backstop facility for the Bank of America. EUR/USD was at 1.3287 from 1.3197 yesterday and GBP/USD was at 1.4925 from 1.4611 yesterday. USD/JPY was at 90.72 versus 89.00 yesterday. *
*These levels are taken at 17:30 IST.
Published on
Fri, Jan 16 2009, 14:19 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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