Friday, January 9, 2015

Euro Slides Under $1.18 to Hit 9-year Low

10:46 AM


Euro is in extended losses on Thursday to strike a 9-year low-lying against the dollar, as investors access up bets the European Central Bank was getting closer to adopting a large scale quantitative easing programme to ward off downfall. Sink in German industrial orders in November strengthen bearish views of the single currency. Euro slide past reported option barriers at $1.18 to strike a low-lying of $1.17915 on trading platform EBS. It was the single currency's smallest level since late December 2005. Data on Wednesday display consumer prices in the euro zone slide in December from a year earlier, marking the first annual deduced since 2009. That cemented expectations the ECB will probably announce a bond buying programme at its policy meeting on 22 January.

RBI REFERENCE RATE

(As on 08th JANUARY 2014)

UNDERLYING RATE

USDINR         62.9670
EURINR         74.4270
GBPINR         94.9731
JPYINR          52.5300

Written by

We are Creative Blogger Theme Wavers which provides user friendly, effective and easy to use themes. Each support has free and providing HD support screen casting.

0 comments:

Post a Comment

 

© 2015 Forex News. All rights resevered. Designed by Forex News