Daily Market Report: Forex

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Dollar losses
Mon, Jul 21 2008, 15:05 GMT
by ICICI Bank Treasury Research Group
ICICI Bank
• 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
- The Euro depreciated against most major currencies
Published On Mon, Oct 6 2008, 16:54 GMT
- The Dollar extended losses against the Japanese Yen due to unwinding of carry positions
Published On Tue, Sep 16 2008, 14:33 GMT
- The Sterling depreciated slightly against the Euro and Dollar
Published On Tue, Sep 9 2008, 13:43 GMT
- Non-farm payrolls for the month of August turned out to be worse than expected
Published On Fri, Sep 5 2008, 15:27 GMT
- The Sterling fell to record lows against most majors
Published On Mon, Sep 1 2008, 14:43 GMT
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