Forex tips: The rupee strengthened by 12 paise at 62.34 against the US dollar in trade today at the Interbank Foreign Exchange market on increased selling of the American currency by exporters. Forex dealers said besides higher opening in domestic equity market, a weakening dollar against other currencies overseas after the US Federal Reserve dampened expectations for an early interest rate hike, supported the rupee. The rupee had closed higher by six paise at 62.46 in the previous session on Friday on sustained selling of dollars, wrapping up its best weekly performance in about two months.
Greece worries leave Europe subdued, Asia makes gains
Caution about Greece ahead of a meeting between its prime minister and Germany's Angela Merkel prompted a nervy start to the week for European markets on Monday. Shares and currencies in Asia, in contrast, had rallied on easy monetary policy hopes and another tick down in oil prices.The benchmark FTSEurofirst FTEU3 share index dropped 0.6 percent, pulling back from a seven-year high, while the euro dipped back to $1.0780 as southern euro zone bonds also saw some selling despite the ECB's ongoing bond buying program. [GVD/EUR] Against the Japanese yen, the dollar stood at 119.90 yen JPY=, down about 0.1 percent on the day and well below Friday's session high of 121.205. U.S. 10-year Treasury yields also moved further below 2 percent to 1.939 percent.
Written by Unknown
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