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Daily Market Report: Forex
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Dollar losses
Mon, Jul 21 2008, 15:05 GMT
by ICICI Bank Treasury Research Group
• The Rupee ended stronger against the Dollar due to the continuing recovery of the Indian stock market. However, its appreciation was limited as the lower oil prices led to import demand. USD/INR pair ended at 42.76 from 42.82 yesterday.
• The 6- month and 1-year forward premium was at a 5.09 % and 4.29% as compared to 4.78% and 4.14% yesterday.
• The Dollar pared its losses against most major currencies following the better than expected quarterly results posted by Citi Group. EUR/USD was at 1.5829 from 1.5853 yesterday and GBP/USD was at 1.9938from 2.0013 yesterday. USD/JPY was at 106.70 versus 105.62 yesterday.*
*These levels are taken at 17:30 IST.
Published on Mon, Jul 21 2008, 15:09 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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