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Daily Market Report: Forex
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The Dollar gained against major currencies except the Yen
Fri, Nov 7 2008, 14:17 GMT
by ICICI Bank Treasury Research Group
- • The Rupee trimmed its initial losses taking cues from domestic equity markets. The USD/INR pair ended at 47.65 from 47.73 yesterday.
- • The 6-month and 1-year forward premium was at 3.35% and 2.48% as compared at 2.96% and 2.10% yesterday.
- • The Dollar gained against major currencies except the Yen, on renewed risk aversion as the markets expect the October US Non Farm payrolls to fall the most in five years. EUR/USD was at 1.2757 from 1.2868 yesterday and GBP/USD was at 1.573 from 1.6009 yesterday. USD/JPY was at 97.217 versus 98.28 yesterday. *
*These levels are taken at 18:00 IST.
Published on Fri, Nov 7 2008, 14:23 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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