Daily Market Report: Forex
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The Dollar weakened against majors on easing risk aversion
Tue, Jan 27 2009, 16:16 GMT
by ICICI Bank Treasury Research Group
ICICI Bank
• The Rupee strengthened on broad Dollar weakness and rise in domestic equity markets. The USD/INR pair ended at 48.94 from 49.27 on Friday.
• The 6-month and 1-year forward premium was at 2.35% and 1.91% as compared at 2.29% and 1.89% on Friday.
• The Dollar weakened against majors on easing risk aversion, after Barclays Plc said that it isn't seeking any further capital and that pretax profits will prove higher than forecast. EUR/USD was at 1.3182 from 1.2960 yesterday and GBP/USD was at 1.4054 from 1.3866 yesterday. USD/JPY was at 88.17 versus 89.42 yesterday. *
*These levels are taken at 17:30 IST.
Published on
Tue, Jan 27 2009, 16:18 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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