U.S. Forex Market Commentary
EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5700 figure and was capped around the $1.5815 level. The common currency gave back much of the gains it had notched over the past three trading days. A retreat in NYMEX July crude oil futures back to [...]
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound [...]
U.S. Forex Market Commentary
EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5700 figure and was capped around the $1.5815 level. The common currency gave back much of the gains it had notched over the past three trading days. A retreat in NYMEX July crude oil futures back to [...]
The Pound was weak today, as markets reacted to the poor U.K housing data
• The Rupee weakened today on persistent dollar purchases by oil companies and other importers to meet their month end dollar demand. The USD/INR pair ended at 42.96 from 42.73 yesterday. • The 6- month and 1-year forward premium was at a 2.40% and 1.75% as compared to 2.07% and 1.55% yesterday. • The Pound [...]
