Share Tips - The euro walk higher opposed the broadly weaker dollar on this Friday as contact over the outlook for U.S. economic develop extend to weigh, despite a report showing that U.S. consumer feeling improved this month. EUR/USD closed Friday’s period at 1.3649, up 0.28 percent. For the week, the couple added 0.43 percent The pair is saely to find support at 1.3600 and fight at 1.3670. The dollar survive lower after data on Friday display that the final reading of the University of Michigan's consumer sentiment index rose to 82.5 this month from 81.9 in May, balance to projections of 82.2.The report did little to alter surmise that the Federal Reserve will keep rates on hold for an extended sessions after data earlier in the week displays that U.S. first quarter develop was revised clearly lower.The dollar tire across the board after the Commerce segment said this Wednesday that the economy contracted at an annum rate of 2.9 percent in the first three months of the annum, balance to the consensus forecast for a decline of 1.7 percent U.S. first quarter GDP was originally reported to have develop by 0.1 percent, but was subsequently remind to show a contraction of 1.0 percent’s.
Showing posts with label forex tips. Show all posts
Showing posts with label forex tips. Show all posts
Wednesday, 29 July 2015
Tuesday, 28 July 2015
Share Tips - Forex - GBP/USD weekly outlook as on 29 July, 2015
Share Tips - The pound was little refine opposed the dollar late Friday, but obtain ground opposed the broadly weaker euro as doubt over Greece’s debt debate, sapped investor needs for the single currency.
GBP/USD was at 1.5746 late Friday, about unchanged for the day. EUR/GBP slid 0.3percents to one-month lows of 0.7084.
Investors dues on the sidelines of currency markets amid doubt over whether Greece could reach an accord with its international lenders in time to avert a usual.
GBP/USD was at 1.5746 late Friday, about unchanged for the day. EUR/GBP slid 0.3percents to one-month lows of 0.7084.
Investors dues on the sidelines of currency markets amid doubt over whether Greece could reach an accord with its international lenders in time to avert a usual.
Share Tips - Greece’s bailout is due to expire on this Tuesday, the same day that Athens is due to repay €1.6 billion to the International Monetary Fund, but without a rescue package in place Greece will almost surely default.
In the week ahead, investors will be focusing on evolution in Greece after Prime Minister Alexis Tsipras forsaken conference with creditors on Saturday and called for a popular to be held on July 5 on the terms suggest by lenders for extending the country’s bailout program.
Monday, 20 July 2015
Share Tips - Daily Forex Reports & Updates as on 21 July, 2015
Share Tips - The U.S. dollar marched higher opposed most of its major rivals on this Friday, as upbeat U.S. inflation and housing statistics added to assumption for an interest rate hike this fall. Data on this Friday showed that U.S. consumer prices raise 0.3 percents in this June, the fifth successive monthly increase, while core prices, which debar food and energy, grow 0.2% last month, adding to signs of firming inflation. A unrelated report display that U.S. housing starts surged 9.8% to 1.174 million units in June. Analysts had expected housing begin to increase by 6.2 percent this last month. Meanwhile, U.S. building allow jumped 7.4 percent to 1.343 million units in this June, the most since July 2007, pointing to a fast nourish housing market.
Share Tips - The U.S. dollar marched top opposed most of its major rivals on this Friday, as upbeat U.S. inflation and housing data added to : supposition for an interest rate hike this fall. Data on Friday showed that U.S. consumer prices rose 0.3 percent in this June, the fifth successive monthly increase, while core prices, which exclude food and energy, increased 0.2 percents last month, adding to signs of firming inflation.
A,unrelated report showed that U.S. housing starts surged 9.8 percents to 1.174 million units in this June. Analysts had await housing begin to increase by 6.2 percent on this last month.
A,unrelated report showed that U.S. housing starts surged 9.8 percents to 1.174 million units in this June. Analysts had await housing begin to increase by 6.2 percent on this last month.
Wednesday, 15 July 2015
TODAY FOREX NEWS & UPDATES OF RESEARCHVIA AS ON 16 JULY, 2015
share tips - Just when you thought it was secure to look ahead to a bit of Greek strenth, here we are repeit desperately waiting for a limit to be met to get Greece out of a rather big hole.
Unsurprisingly, given the nature of the deal for the EUR86bn bailout package, which has been startly and publicly announce as being unfair by the Prime Minister, there is a lot of dispute whether they should receive the terms both on the streets and in parliament.
As parliament discussion the terms and attempts to meet the limit, which is approaching in around an hour, riot police are on the streets of Athens facing fire bombs thrown by anti-austerity fighter. Whilst the Greek people are in dispute over the plan, the IMF – on one Greece's creditors seem to also be opposed the deal saying the ‘numbers do not add up'.
The UK government is strongly against emergency funding coming from pools of funds the UK has contributed to. A treasury spokesman said “we are stable on the principle that British taxpayers' cash should not and will not be on the line in any Eurozone bailout” whilst last day George Osborne said the Eurozone should “foot their own bill.”
Even if, as await, the bailout terms do get await by Greece's parliament that is not the closed of it. It must get agreed to by other member states, with the German bundestag needing to agree on Friday where it is likely to face hard opposition.
The Euro sits at 1.0950 opposed the US dollar having slipped about 60 pips over the course of Wednesday.
Monday, 13 July 2015
TODAY RESEARCHVIA FOREX REPORT AND UPDATES AS ON 14 JULY, 2015
MARKET HEADLINES :-
Rupies depreciates opposed US dollar Rupies depreciated 6 paise to 63.45 opposed dollar in intra-day trades today. The domestic unit had fix flat at 63.39 opposed the US currency on Friday.Dollar index, which tracks the motions of dollar opposed a basket of major world currencies, rise at 96.03. Euro fell 0.30 % to 1.11 opposed the greenback as doubt over Greece remain, with the debt ridden country and international creditors failing to break the impasse over the bailout terms. Greece has now been given a letest limit to pass letest laws as a condition for conference on a bailout.
Rupies depreciates opposed US dollar Rupies depreciated 6 paise to 63.45 opposed dollar in intra-day trades today. The domestic unit had fix flat at 63.39 opposed the US currency on Friday.Dollar index, which tracks the motions of dollar opposed a basket of major world currencies, rise at 96.03. Euro fell 0.30 % to 1.11 opposed the greenback as doubt over Greece remain, with the debt ridden country and international creditors failing to break the impasse over the bailout terms. Greece has now been given a letest limit to pass letest laws as a condition for conference on a bailout.
Dollar rallies as Greek deal brings U.S. rate hikes into focus :-
The dollar nourish over the board on Monday after euro zone leaders secure a deal with Greece in an all-night peak, letting investors turn their focus away from Europe and towards the hope of higgest U.S. interest rates. European Council President MR. Donald Tusk declare on Twitter that leaders had unanimously extend agreement on a third bailout for the cash-strapped southern European country.EU officials said Greek Prime Minister Mr. Alexis Tsipras had receive a settelment on German-led need for the sequestration of Greek state benifit to be sold off to pay down debt. The precise terms of the accord were not immediately familiar. The single currency, which had initially arise on the news, reversed its gets to trade down 0.9 % on the day at $1.1060. The dollar geted broadly, hitting an 11-day top oppoed the yen, which investors tend to buy at times of doubt, at 123.44 yen.
Sunday, 12 July 2015
Research Via Daily Forex News & Updates As on 13 July, 2015
Indian rupee opens higher at
63.32 per dollar :-
The
Indian rupies get further in early trade on Friday. The currency has
start marginally higest by 7 paise at 63.32 per dollar opposed
yesterday's end of 63.39 a dollar. Pramit Brahmbhatt of Veracity
says,"Concerns raised over the Greece debt matter will continue
to hover over on the market. We see the rupies range between
63.20-64/ dollar today."The rupies continued its geting streak
and started upper opposed the dollar and was up 7 paise at 63.32 at
the Inter-bank Foreign Exchange on the fresh buying of the greenbank
by exporters. This Yesterday, the rupee had bounce by 21 paise to
ended at 63.39 its higger ending in more than two months.
Greek
deal optimism sees euro jump 2 % vs yen :-
The
euro rose across the board on the Friday, bouncing 2 % against the
yen, on optimism that Greece was making the progress in its endeavour
to secure funding and stay in the individual currency.The yen and
Swiss france, currencies which tend to done well session turmoil in
financial markets, both missed ground as demand for riskier assets
picked behind Chinese shares bounce.The euro climbed 2 % opposed the
yen to a one week high of 136.77 and added 1 % oppoed the dollar to
trade at $1.1185 as Athens sent a proposal for reforms to its
creditors
Wednesday, 8 July 2015
RESEARCH VIA DAILY FOREX HEADLINES & UPDATES AS ON 09 JULY, 2015
Rupee
depreciates against US dollar
Falling for the
second straight sessions, rupee fell 8 paise to 63.54 opposed dollar in
trades today.The local
currency obtain in the five sessions to the Monday, but fell 6 paise on Tuesday to
close at 63.46 against the greenback amid fresh demand forthe US currency
from The banks and importers. Among the
global evolution, euro zone leaders have given Greece until Thursday
to present latest proposals to secure a deal with international
creditors by Sunday. Dollar index, which tracks dollar movement
against majors world currencies, was trading modestly Top at 96.93. Euro inched up
to 1.09 opposed dollar
Yen
hits six week high as Chinese turmoil saps risk appetite
The
yen climbed to a six-week high against the dollar on The Wednesday,
after Chinese
stocks struggled to pull out of a tailspin, impel all investors previously
quake by Greece's debt crisis to seek out secure havens. The
euro controled to inch up opposed the dollar, having been boosted as small
late on Tuesday after The member states gave Athens until the close
of the week
to come up with a offering for sweeping reforms in recur for loans. With
the turmoil in China rattling investors, the yen get 0.9 per-cent versus
the dollar to 121.45, its powerfull since late May. The Swiss france, different
safe haven, get only slightly, with speculation the Swiss National
Bank was The again intervening to stem the currency's gains.
Tuesday, 7 July 2015
Today Headlines - Forex Market Updates as on 08 july, 2015
Rupee continues winning streak against US dollar
Continuing its recent attractive streak, rupee rose 9 paise opposed dollar in morning trades today. The local unit had stop 5 paise higher at 63.39 opposed the greenback
yesterday after at falling as much as 20 paise in intra-day trades.The gains were seen even as dollar strengthened opposed most worldcurrencies including euro. Dollar index, which tracks rupee movement opposed a basket of main currencies, rose 0.16 per cent to one month up of 96.45. Eurozone finance ministers & leaders will gather in Brussels is today for aseries of emergency conference on Greece that are likely to prove decisiv11e Greece decline the terms of the country's bailout collection in a referendum on Sunday.
Euro down 0.8 pct; commodity currencies at multi- year lows
The euro fell very close 1 percent against a glad dollar on the Tuesday, as German 10 annum Bund yields border lower and interest rate differential shift opposed the common currency. The dip in Bund yields & the euro came after the European Central Bank left urgent liquidity for Greek banks at current levels but increased the haircuts on the collateral it need. That kept alive fears Greek banks will fast run out of cash and that Greece's problems will unroll to other Southern European countries.
Against the dollar, the euro was down 0.9 percent at $1.09605, a one
Against the dollar, the euro was down 0.9 percent at $1.09605, a one
week low, with a drop below $1.0955 set to take it to its lowest in more than a month. The dollar index rose 0.7 % to 96.903, a onemonth high
Monday, 6 July 2015
Today-Forex Market Headlines and Updates as on 07 july, 2015
The currency market saw wild flap on Monday, with rupee collapse asmuch as 20 paise to 63.64 against dollar in trade today, thanks to greenback's securehaven appeal amid prevailing involve over Greece. Rupee was not single. EM currencies including Chinese renminbi Indonesian rupies, Thai baht and Vietnamese doing too were seen depreciating resistant the dollar.Dollar index, which tracks the movement of dollar against major world currencies, rose 0.25 % to 96.35. In a crucial referendum, Greeks on Sunday overwhelmingly refuse austerity measures require by the international creditors in recur for bailout money, hurting euro, the region's individual currency.
Sterling climbed opposit the euro on Monday later Greek voters over whelmingly Refused terms of a recover package, boosting secure haven flows into Britain's alliance & currency. There was no any sense of panic selling in the euro, amid assumption, the European Central Bank would take policy activity to stabilize the market if required and hold crisis funding to Greek banks at the same level as the last week. The euro was down 0.4 % on the day at 71.10 pence , having deceased to a low of 70.57 pence earlier in the Asian session. It was still good above last Monday's low of 69.88 pence, its little in nearly 8 years. Against the dollar, sterling edged 0.1% lower to $1.5549, with traders gearing up for a ration statement later this week which is likely to lead to further fiscal secure in Britain.
Sunday, 3 May 2015
Rupee hits 63.72: DAILY FOREX UPDATES OF 04/05/2015
MARKET HEADLINES
- Rupee hits 63.72 versus US dollar
The rupee weakened by 42 paise to 63.72 against the US dollar in intraday trade today at the Interbank Foreign Exchange due to month-end demand for the American currency from importers amid capital outflows. Forex dealers attributed the fall in the rupee to month-end demand for the US dollar from importers and sustained capital outflows amid a lower opening in the domestic stock market. They said, however, dollar's weakness against the euro as the chances of an US interest rate hike faded, capped the rupee's fall. The rupee had lost 15 paise to end at 63.30 against the dollar in yesterday's trade.
- China's yuan climbs to 5th most used currency in March: SWIFT
China's yuan climbed to become the fifth most used global payment currency in March, with a market share of 2.03 percent, said global payment services organisation SWIFT on Thursday. Yuan payments increased in value by 33.5 percent in March from a month earlier. At a global level, all currencies increased in value by 18.9 percent during the same period. The "redback" fell to the 7th most used currency in January. increase in Canada's RMB payment value was prominent at 213 percent in March compared to a year ago. About 10.2 percent of all direct payments between Canada and China/Hong Kong were in yuan, up from 3.9 percent two years ago. As a result, the yuan became the second most active currency used by Canada for payments with China and Hong Kong after the Canadian Dollar.
Wednesday, 8 April 2015
DAILY FOREX HEADLINES BY RESEARCH VIA OF 09/04/2015
MARKET HEADLINES
- Rupee down on increased demand of dollar
The rupee lost 10 paise at 62.36 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Increased demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses, forex dealers said. The rupee had shed seven paise to close at 62.26 against the dollar in yesterday's trade.
- Dollar weakens against yen as BoJ stands pat, FOMC minutes eyed
The dollar fell on Wednesday, retreating from a near three-week high hit against the yen the previous day, after the Bank of Japan kept monetary policy unchanged despite slowing inflation. Some had begun to expect further easing in view of the fact that the BOJ has missed its ambitious target of achieving 2 percent inflation in two years. Governor Haruhiko Kuroda told a press conference that thanks to easing steps taken last October, Japan has been able to avoid the slowdown in inflation while real wages are likely to pick up, dashing hopes of a further expansion in its asset-buying programme in coming months. As a result the yen climbed. The dollar shed 0.4 per cent to 119.80 yen, pulling away from a near three-week high of 120.45 yen hit on Tuesday. The dollar index fell 0.4 per cent to 97.440 after gaining 0.9 percent on Tuesday.
RESEARCH VIA DAILY FOREX HEADLINES 8/4/2015
MARKET HEADLINES
Rupee down over fresh demand of dollar
The rupee dropped 13 paise at 62.32 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Forex dealers said fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses. The rupee had ended 30 paise higher at 62.19 against the American currency in yesterday's trade on sustained selling of dollars by banks and exporters on hopes of foreign capital inflows in view of strong equity market.
The rupee dropped 13 paise at 62.32 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas. Forex dealers said fresh demand for the dollar from importers also weighed on the local currency but a higher opening in the domestic equity market limited the rupee's losses. The rupee had ended 30 paise higher at 62.19 against the American currency in yesterday's trade on sustained selling of dollars by banks and exporters on hopes of foreign capital inflows in view of strong equity market.
Dollar drop tied to dismal jobs data, Easter holiday trade
The dollar weakened further on Monday as it continues to feel the carry-over effects of a disappointing U.S. jobs report from Friday that throws into question the timing for US interest rate increase. Expectations the US Federal Reserve will raise interest rates sometime later this year has fuelled the dollar's rally since mid-2014. Higher US interest rates will put dollar-denominated assets at a yield advantage versus other currencies such as the euro and yen where interest rates are being kept low. European markets remained closed on Monday for the Easter holiday, limiting trading volumes and contributing to the narrow ranges. The euro held above the $1.10 mark, but one strategist sees dollar strength returning. Chalk up the euro's strength to low volumes. It has had stiff resistance at the $1.1050 level, which goes back to the beginning of March. You might have a few people positioning for that move higher in euro but nobody is pounding the table on that and I think it is a sell above $1.10," said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in New York.
Monday, 6 April 2015
RESEARCH VIA DAILY FOREX HEADLINES 07/04/2015
MARKET HEADLINES
Rupee gains against dollar after disappointing jobs data
The rupee appreciated by 37 paise to 62.12 against the dollar in early trade today at the Interbank Foreign Exchange after the American currency weakened overseas amid a higher opening in the domestic equity market.
The rupee had ended 18 paise higher at 62.49 against the American currency on Tuesday on selling of dollars by banks and exporters on expectation of resumption of foreign capital inflows into equity market.
Dollar eases, weak U.S. jobs data dent hopes of early rate hike
The dollar weakened across the board on Monday, after much weaker- than-expected U.S. jobs data persuaded many in the market that the Federal Reserve is likely to wait until the second half of 2015 before raising interest rates. Friday's closely watched employment data showed U.S. non-farm payrolls rose by 126,000 in March, the smallest gain since December 2013 and well under the 245,000 economists had forecast. On the brighter side, average hourly earnings increased 0.3 percent. The dollar weakened as U.S. Treasury yields sank in wake of the soft jobs data on Friday - albeit in thin trading due to the Good Friday holiday. The benchmark 10-year note yield fell to a two-month low of 1.8 percent on Friday and last hovered around 1.83 percent. The euro was up 0.1 percent at $1.0980 after touching $1.1018. The common currency had gone as low as $1.0864 before surging on the U.S. jobs data.The dollar nudged up 0.1 percent to 119.08 yen after sliding from a high of 119.99 on Friday. The dollar had hit a near eight-year high of 122.04 a month ago, when expectations for a Fed rate hike as early as June were stronger thanks in part to strong non-farm payrolls.
Sunday, 5 April 2015
RESEARCH VIA DAILY FOREX HEADLINES 06/04/2015
MARKET HEADLINES
- Rupee gains on fresh selling of dollar
The rupee recovered by 11 paise at 62.56 against the US dollar in early trade today at Interbank Foreign Exchange on fresh selling of the American currency by exporters. The local currency had lost 26 paise to close at 62.67 yesterday due to renewed month-end demand from the dollar from importers. Forex dealers said besides fresh selling of the American currency by exporters, a higher opening in the domestic equity market supported the rupee but the dollar's strength against other currencies overseas, capped the gains.
- Euro falls on jitters over Greece debt deal
The euro drifted lower in Asia on Tuesday with investors following talks between debt-hit Greece and its international creditors as Athens looks to reform its bailout obligations. In Tokyo, the single currency slipped to $1.0790 and 129.69 yen, from $1.0825 and 130.10 yen in New York, while the dollar was at 120.17 yen against 120.18 yen. Experts from the International Monetary Fund and the European Union are scrutinising a list of reforms that Athens has proposed in its bid to get the creditors to release 7.2-billion euros in much-needed loans that will help it avoid a default.
Monday, 30 March 2015
FOREX MARKET HEADLINES: The rupee fell by 26 paise
Date:
31/03/2015
Rupee
drops amid month-end demand for dollar from
importers
The
rupee fell by 26 paise to 62.67 against the US dollar in trade today
at
the Interbank Foreign Exchange due to rise in the American
currency's
value against other global currencies amid month-end
demand for the
dollar from importers.
Forex dealers attributed the
fall in the rupee to the dollar's strength
against other global
currencies and sustained capital outflows but a higher
opening in
the domestic stock market capped the rupee's fall. The
rupee had recovered by 26 paise to end at 62.41 against the dollar
on
Friday.
Euro
hurt by Greek uncertainty, dollar helped by rate outlook
The
euro fell on Monday, hurt by uncertainty over whether Greece and its
international creditors will be able to strike a deal that will help
Athens
secure funding before it runs out of money by April 20.
Talks continued through the weekend on reforms to unlock loans and Athens
sounded an upbeat tone, but the lenders said it could take several
more days before a proper list of measures was ready.
The dollar
rose broadly, helped by comments from Federal Reserve chair
Janet
Yellen, who underscored the view that the Fed is likely to start raising
interest rates gradually later this year.
The dollar edged up 0.3
percent to 119.50 yen, while the euro fell 0.6
percent to $1.0830,
having in the last two weeks pulled away from a 12-
year trough of
$1.0457.
Friday, 27 March 2015
FOREX MARKET HEADLINES:The rupee hit intraday low of 62.75
Date:
27/03/2015
Rupee
falls against dollar on increased demand from
importers
The
rupee hit intraday low of 62.75, down 41 paise, against the US
dollar
in trade today at the Interbank Foreign Exchange on month-end
demand
for the American currency from banks and importers.
Forex
dealers attributed the fall in the rupee to increased demand for the
dollar from importers and a lower opening of the domestic equity
market
but the Greenback's weakness against other currencies
overseas, capped
the rupee's losses. The rupee had snapped its
seven-day winning spree by
slipping seven paise to close at 62.33
against the dollar in yesterday's
trade.
Dollar
slips against euro, yen after weak US data
The
dollar fell against the yen and euro Thursday after poor US data
dented confidence in the world's top economy and threw into question
the
timeline for a long-awaited Federal Reserve interest rate hike.
In Tokyo, the greenback slid to 118.99 yen, from 119.43 yen in New
York and
119.62 yen in Asia earlier Wednesday.
The euro rose to $1.0986 from
$1.0973 after an upbeat German business
confidence report, but the
unit eased to 130.75 yen from 131.05 yen.
The dollar was mostly
stronger against other Asia-Pacific currencies.
The
greenback also strengthened to 62.63 Indian rupees from 62.28
rupees, and to 44.83 Philippine pesos from 44.78 pesos. The
Australian
dollar slipped to 78.18 US cents from 78.76 cents, while
the Chinese yuan
eased to 19.15 yen from 19.26 yen.
Wednesday, 25 March 2015
FOREX MARKET HEADLINES 25/03/2015
Indian rupee opens higher at
62.20/dollar
The Indian rupee has opened higher at 62.20 a dollar on Tuesday against previous day's closing value of 62.27 a dollar. Ashutosh Raina, HDFC Bank said the dovish comments from the Fed after the last week's FOMC meet resulted in dollar plunging from recent highs. The USD-INR pair has been consolidating in the Rs 62-63/USD range, supported by strong intervention, he added. The bank expects the currency pair to consolidate around current levels. The US dollar fell against a basket of major currencies after traders unwound bullish dollar positions on the likelihood that Federal Reserve policy will be accommodative over the near term.
The Indian rupee has opened higher at 62.20 a dollar on Tuesday against previous day's closing value of 62.27 a dollar. Ashutosh Raina, HDFC Bank said the dovish comments from the Fed after the last week's FOMC meet resulted in dollar plunging from recent highs. The USD-INR pair has been consolidating in the Rs 62-63/USD range, supported by strong intervention, he added. The bank expects the currency pair to consolidate around current levels. The US dollar fell against a basket of major currencies after traders unwound bullish dollar positions on the likelihood that Federal Reserve policy will be accommodative over the near term.
Falling euro lifts summer plans for
Indian tourists
With the euro depreciating by more than 15% over the past year, Indians are packing their bags for trips to European countries as summer vacations approach. Currency fluctuations have led to a decline of at least 10% in rates of European tour packages and travel companies claim 30-35% growth in queries and conversions for Europe this season. In the past year, from a high of Rs 84.56, the euro — the common currency of 19 European nations — has depreciated nearly 20% to its Monday close of Rs 67.80. Close to four lakh Indians travel to Europe annually, of which 60% travel during peak summer (April to June).
With the euro depreciating by more than 15% over the past year, Indians are packing their bags for trips to European countries as summer vacations approach. Currency fluctuations have led to a decline of at least 10% in rates of European tour packages and travel companies claim 30-35% growth in queries and conversions for Europe this season. In the past year, from a high of Rs 84.56, the euro — the common currency of 19 European nations — has depreciated nearly 20% to its Monday close of Rs 67.80. Close to four lakh Indians travel to Europe annually, of which 60% travel during peak summer (April to June).
Monday, 23 March 2015
FOREX MARKET HEADLINES
Date: 24/03/2015
Rupee gains against dollar on increased selling of USD
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.
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 FTS Euro first 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.
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 FTS Euro first 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.
Sunday, 22 March 2015
FOREX MARKET HEADLINES
Date: 23/03/2015
Rupee drops 5 paise against dollar in early trade
The rupee depreciated by five paise at 62.57 against the US dollar in early trade today on fresh demand for the American currency from importers. Besides, a lower opening in domestic equity markets put pressure on the local unit, forex dealers said. The rupee had gained 17 paise to end at 62.52 against the US dollar yesterday. Meanwhile, the benchmark BSE Sensex fell by 136.92 points, or 0.48 percent, at 28,332.75 in early trade today.
The rupee depreciated by five paise at 62.57 against the US dollar in early trade today on fresh demand for the American currency from importers. Besides, a lower opening in domestic equity markets put pressure on the local unit, forex dealers said. The rupee had gained 17 paise to end at 62.52 against the US dollar yesterday. Meanwhile, the benchmark BSE Sensex fell by 136.92 points, or 0.48 percent, at 28,332.75 in early trade today.
Euro edges up in Asia after Greece promise
The euro ticked higher Friday after Greece promised to provide its creditors with a new list of reforms to secure crucial bailout cash and avoid an exit from the euro zone. The single currency bought $1.0688 and 129.03 yen in Tokyo, against $1.0660 and 128.77 yen in New York as Greek Prime Minister Alexis Tsipras said its bailout was "back on track". The dollar also eased to 120.72 yen from 120.80 yen in US trade but is well up from the 119.57 yen touched Wednesday soon after the Federal Reserve lowered its forecasts for US interest rates.
The euro ticked higher Friday after Greece promised to provide its creditors with a new list of reforms to secure crucial bailout cash and avoid an exit from the euro zone. The single currency bought $1.0688 and 129.03 yen in Tokyo, against $1.0660 and 128.77 yen in New York as Greek Prime Minister Alexis Tsipras said its bailout was "back on track". The dollar also eased to 120.72 yen from 120.80 yen in US trade but is well up from the 119.57 yen touched Wednesday soon after the Federal Reserve lowered its forecasts for US interest rates.
Wednesday, 18 March 2015
FOREX HEADLINES: Euro rises almost 1%
MARKET HEADLINES
- Rupee gains against dollar on sustained of selling of USD
The rupee strengthened by three paise
to 62.67 against the US dollar at the Interbank Foreign Exchange in early
trade today on sustained selling of the Greenback by exporters. Besides, early gains in domestic equity
markets and the dollar's weakness against other major currencies overseas
also helped the rupee to log gains, forex dealers said. The rupee had closed 11 paise higher
against the American currency to 62.70 yesterday amid a good show by
stocks and on selling of dollars by banks and exporters. Meanwhile, the benchmark BSE Sensex
rose by 70.59 points, or 0.24 percent, to 28,806.97 in early trade
today.
- Euro rises almost 1% and US equities climb
The dollar weakened broadly on Monday
ahead of the Federal Reserve's policy meeting on worries that the US
central bank could become more cautious about raising interest rates,
while Wall Street stocks rose because 4,913.56.
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