FOREX RESEARCH MARKET LIVE CHART

Breaking News
recent

FOREX MARKET NEWS UPDATE-03 MAY 2016

Forex Tips

USD-INR:
The Indian Rupee depreciated by 0.19 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic markets. Further, India’s manufacturing sector slowed down. Nikkei Manufacturing Purchasing Index fell to 4 month low of 50.5 in April from 52.4 in March. US Federal Reserve left interest rates unchanged but signaled possible rate hike in its June meeting. Benchmark stock index 50 share Nifty Index decreased by 0.56 percent to 7805.9.

EUR-INR:
Euro appreciated by 0.65 percent in yesterday’s trading session on the back of weakness in dollar. Dollar is showing weakness as downbeat economic data from U.S fuelled the expectation of delay in rate hike by US Federal Reserve. Euro as funding currency because of their nations’ low-interest rates may get strengthen as money flows back to where it was funded from during risk times. Further, Europe Manufacturing PMI ticked up 0.2 to 51.7 in April

GBP-INR:
Pound appreciated by 0.41 percent on yesterday’s trading session on the back of weakness in dollar and rise in hopes that Britain will remain in EU. However, sharp gain was capped on disappointing economic data from UK. In intraday Pound touched a high of 1.4695 and closed at 1.4671 against Dollar.

JPY-INR:
Japanese Yen depreciated marginally by 0.04 percent in yesterday’s trading session after the Bank of Japan Kuroda comments. Bank of Japan governor said he is prepared to act if required to stop yen recent appreciation from hurting economy. However, sharp downside was prevented on weakness in dollar and as Bank of Japan surprised market by keeping its monetary stance steady. In intraday Yen touched a low of 106.81 and closed at 106.40 against Dollar.

Our Some Best Services Read it Here…
 CapitalStars Financial Research Financial Advisory Services 
www.capitalstars.com | T:+91-731-6790000,6669900
CapitalStars

Alisha Singh

Alisha Singh

No comments:

Post a Comment

Powered by Blogger.