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Daily Market Report: Forex
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Dollar extended its gains against the Euro and Yen
Wed, Jul 23 2008, 14:49 GMT
by ICICI Bank Treasury Research Group
- • The Rupee gained against the Dollar today helped by the gains in the domestic stock market following the victory of the Government in the vote of confidence, retreat in global crude oil prices and NDF arbitrage opportunities. USD/INR pair ended at 42.09 from 42.73 yesterday.
- • The 6- month and 1-year forward premium was at 4.77 % and 4.07% as compared to 5.17 % and 4.34% yesterday.
- • The Dollar extended its gains against the Euro and Yen following hawkish remarks by Fed’s Plosser and Dollar supportive comments by U.S Treasury Secretary Paulson. The decline in crude oil prices further boosted the currency. EUR/USD was at 1.5761 from 1.5929 yesterday and GBP/USD was at 2.0019 from 2.0064 yesterday. USD/JPY was at 107.68 versus 106.29 yesterday.*
*These levels are taken at 17:30 IST.
Published on Wed, Jul 23 2008, 14:55 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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