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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

ICICI Bank  |  View company's profile


  • • 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


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

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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.
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