Daily Market Report: Forex

The Dollar strengthened against the Sterling as the Bank of England left rates unchanged at 5.25%

Thu, Apr 5 2007, 14:48 GMT
by ICICI Bank Treasury Research Group

ICICI Bank


• The Rupee market saw limited activity today but the sentiment stayed low on Dollar that helped Rupee close lower than yesterday. The USD/INR pair ended at 42.92 from 43.06 earlier.


• The 6-month and 1-year forward premium was at 5.41% and 4.27% as compared to 5.11% and 4.11% previously.


• The Dollar strengthened against the Sterling as the Bank of England left rates unchanged at 5.25% in the MPC meeting today. USD/JPY was at 118.85 from 118.73 yesterday. EUR/USD was at 1.3376 from 1.3368 yesterday and GBP/USD was at 1.9702 from 1.9753 yesterday. *


*These levels are taken at 18.00 IST.

Archive

ICICI Bank  | ICICI Bank Towers, Bandra Kurla Complex, Mumbai - 400051
http://www.icicibank.com | samiran.chakraborty@icicibank.com

Legal disclaimer and risk disclosure

Nothing contained in this publication shall constitute or be deemed to constitute an offer to sell/purchase or as an invitation or solicitation to do so for any securities of any entity. ICICI Bank and/or its Affiliates ("ICICI Group") make no representation as to the accuracy, completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. ICICI Group or its officers, employees, personnel, directors may be associated in a commercial or personal capacity or may have a commercial interest including as proprietary traders in or with the securities and/or companies or issues or matters as contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render ICICI Group liable in any manner whatsoever & ICICI Group or any of its officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time.

Interested in forex trading? forex brokerage firms!


Forex Capital Markets, LLC (FXCM)
Contact the broker/FDM
Open a demo account
GFT
Contact the broker/FDM
Open a demo account
Interactive Brokers LLC
Contact the broker/FDM
Open a demo account
MIG INVESTMENTS SA
Contact the broker/FDM
Open a demo account
ACM USA LLC
Contact the broker/FDM
Open a demo account

FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)

[Read Premium full description]


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.

Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

©2008 "FXstreet.com. The Forex Market" All Rights Reserved.