Daily Market Report: Forex
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The Euro remained under pressure as the markets await the ECB rate decision
Mon, Jan 12 2009, 15:15 GMT
by ICICI Bank Treasury Research Group
• The Rupee weakened on broad Dollar strength and weak cues from equity markets. The USD/INR pair ended at 48.85 from 48.27 on Friday.
• The 6-month and 1-year forward premium was at 2.38% and 1.88% as compared at 2.42% and 1.92% on Friday
• The Euro remained under pressure as the markets await the ECB rate decision, due on Thursday. EUR/USD was at 1.3412 from 1.3712 on Friday and GBP/USD was at 1.4962 from 1.5290 on Friday. USD/JPY was at 89.82 versus 90.77 on Friday. *
*These levels are taken at 17:30 IST.
Published on Mon, Jan 12 2009, 15:18 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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