Forex tips : The rupee weakened by 41 paise and hit day's low of 64.16 against the dollar in intraday trade today at the Interbank Foreign Exchange on capital outflows by foreign funds amid strengthening of the American currency against others overseas. Furthermore, increased demand for dollar from importers and banks weighed on the local currency, forex dealers said. On Friday, the rupee closed 25 paise higher at 63.75 against the US dollar, recovering from its 20-month low of 64.26 hit during intra-day trade on Thursday, on fresh selling of the greenback by banks and exporters in view of good foreign capital inflows.
German yields rise again, stocks dip
More sales of German government bonds weighed on European stock markets on Monday, while the dollar retreated after a report - later denied - that President Barack Obama had expressed concern over its strength after a year-long rally. In Turkey, the main stock index tumbled 8 percent at the start of trade on Monday and the lira slid to a record low after the ruling AK Party failed to win a majority in parliamentary elections, unnerving investors. The rise in 10-year Bund yields since mid-April has made them a central driver of global markets and they gained 4 basis points in the first hour of trade in Europe, rattling stock markets. The White House denied the president had made the comment, helping the currency recover, but it was still down 0.2 percent at 125.40 yen and $1.1133 per euro.
For more info click here : Forex tips
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