Daily Market Report: Forex
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The Swiss franc fell to its lowest levels against the Dollar since August 2007
Thu, Nov 20 2008, 16:11 GMT
by ICICI Bank Treasury Research Group
- The Rupee pared most of its losses, ending weaker, on heavy intervention by RBI. The USD/INR pair ended at 50.19 from 50.01 yesterday.
- The 6-month and 1-year forward premium was at 2.45% and 1.74% as compared at 2.48% and 1.80% yesterday.
- The Swiss franc fell to its lowest levels against the Dollar since August 2007, after a surprise 100 bps rate cut by SNB. EUR/USD was at 1.253 from 1.2633 yesterday and GBP/USD was at 1.4843 from 1.4961 yesterday. USD/JPY was at 95.64 versus 96.74 yesterday. *
*These levels are taken at 17:30 IST.
Published on Thu, Nov 20 2008, 17:10 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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